“First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.” FirstsEnergyPayCompanyShareIndustryHigherTaxesPercentFairsRateCurrentsOilDebateDespiteGasFair ShareOil And Gas Author:John S. Watson
“Taxing Women is a must-have primer for any woman who wants to understand how our current tax system affects her family's economic condition. In plain English, McCaffery explains how the tax code stacks the deck against women and why it's in women's economic interest to lead the next great tax rebellion.” WantNextInterestEconomicConditionsTaxesCurrentsCodeRebellionDeckTax SystemPlain English Author:Patricia Schroeder
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.” GovernmentPastFoundPartyEconomyRepublicanTaxesLowsStandardsEconomicsMethodInstitutionsRateCurrentsRefuseDebtExpensesExtensionsRepublican PartyEquipmentBargainsSampleSecuredAccommodations Author:Calvin Coolidge
“There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.” YearsStatesLastsUnitedUnited StatesEconomyFiveShareEconomicTaxesCurrentsIncomeFive YearsProgressiveIncome TaxMetrics Author:Arthur Laffer
“Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.” ImportantLawCuttingTaxesPercentIncreaseCurrentsSpendingMassiveCliffsJanuaryTax IncreasesGangnam StyleSpending CutsJanuary 1stFiscal Cliff Author:Ben Bernanke
“We need to put a price on carbon, and that's what cap-and-trade does and that's also what a CO2 tax does. As long as our current valuation in the marketplace tells us every minute of every day that it's perfectly all right to dump 90 million tons of global warming into the thin atmosphere surrounding the planet every 24 hours as if that atmosphere is an open sewer, then the individual actions are not going to solve the problem.” IfsNeedsLongDoeProblemActionIndividualHoursMillionsMinutesPlanetsTaxesTradeCurrentsSolveAtmosphereGlobal WarmingCarbonMarketplaceCapsDumpCo2SewersValuation Author:Al Gore
“When preparing your return, you should be sure to avoid common mistakes. The two most common taxpayer mistakes, states the IRS booklet, are (1) "failure to include a current address," and (2) "failure to be a large industry that gives humongous contributions to key tax-law-writing congresspersons."” GivingShouldWritingTwoStatesLawCommonMistakeKeysIndustryReturnTaxesCurrentsContributionAddressesPreparingTaxpayersIrs Book:The World According to Dave Barry Source: The World According to Dave Barry
“The current health care takeover proposals feature a crucial payoff to Big Labor - a golden exemption from any tax on union members' generous health care benefits. The friends and patrons of Obama may be making out like bandits. But for everyone else, the Democrats' ideological bankruptcy comes at a nauseatingly steep price.” MayBigsCareTaxesMembersBenefitsLaborUnionsDemocratCurrentsGoldenHealth CareFeaturesGenerousCrucialProposalIdeologicalBankruptcySteepPatronPayoffBanditsExemptionTakeovers Author:Michelle Malkin
“Obama does not believe in individual upward mobility. He would penalize it, tax it, regulate it, inveigh against it and disincentivize it. We will be like salmon swimming upstream to mate. We will overcome the currents, the waterfall, the rocks and the predators, and will grapple our way up the stream. Then, at the top of the waterfall will stand Obama the Bear, waiting to scoop us up and have us for dinner. The taxman cometh.” WayBelieveDoeIndividualWaitingRocksBearsTaxesOvercomingCurrentsDinnerStreamsSwimmingMatesPredatorMobilitySalmonWaterfallsUpward MobilitySwimming Upstream Author:Dick Morris
“In the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government.” GivingDoeGovernmentNamesProcessTermPoorNumbersPayHalfClassCuttingMiddleTaxesThirdsMajorityCurrentsCreditIncomeChecksPermanentWelfareMiddle ClassHouseholdExpandingShort TermStimulusIncome TaxAmerican Family Author:Dick Morris
“We have to have structural entitlement reform, major spending cuts and not tax increase-retardants on economic growth to reverse our current course toward national bankruptcy, but Obama steadfastly remains on the wrong side of all these solutions.” CoursesSidesGrowthCuttingEconomicTaxesMajorsSolutionsIncreaseRemainsCurrentsSpendingReformReverseEconomic GrowthEntitlementBankruptcyTax IncreasesSpending Cuts Author:David Limbaugh
“Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy.” ShouldGivenStepsCasesSupportPolicyTaxesMajorsCurrentsUncertaintyCarbonEconomistRelianceCarbon Tax Author:Robert P. Murphy
“Once you have an equalization instrument in place, as you have in Canada, there arise tremendous bureaucratic values - bureaucratic rent so to speak - in maintaining the system that you have. To shift to a system that paid the transfers directly to individuals, by having differential rates of federal income tax levied to adjust to provincial fiscal capacities, which would be my preference, you would have huge bureaucratic opposition. People would try to protect the rents they have in the current system of institutions.” PeopleTryingWould BeValuesIndividualSpeakHugeProtectTaxesCapacityPaidInstitutionsInstrumentsRateCurrentsIncomeAriseCanadaOppositionPreferenceMaintainingTransfersIncome Tax Author:James M. Buchanan