Best taxes & estates Quotes | Short & Famous Sayings

“Taxes will eventually become a voluntary process, with the possible exception of real estate - the one physical thing that does not move easily and has computable value. The US has a jump-start on the practice, in that 65 percent of local school funds come from real estate taxes - a practice Europeans consider odd and ill advised. But wait until that's all there is left to tax, when the rest of the things we buy and sell come from everywhere, anywhere, and nowhere.”

Doe Real Moving Values Left Waiting Process Business Taxes Sells Finance Exception Estates Physical Things

Author:Nicholas Negroponte

“I believe in a graduated income tax on big fortunes, and in . . . a graduated inheritance tax on big fortunes, . . . increasing rapidly in amount with the size of the estate.”

Believe Bigs Political I Believe Amount Taxes Fortune Size I Believe In Income Estates Inheritance Income Tax Inherited Wealth Inheritance Tax Progressive Taxation

Book:The Complete Works of Theodore Roosevelt

Source: The Complete Works of Theodore Roosevelt

“You can never really own real estate for instance; if you think you can, just try not paying your property taxes for a few years.”

Ifs Thinking Trying Years Real Taxes Property Instance Estates Property Taxes

Author:Michael Maloney

“Me and my dad are the biggest promoters of an estate tax in the US. It's not a popular position.”

Position Dad Taxes My Dad Estates Promoters Estate Taxes

Author:Bill Gates

“[The right] may never bring prayer back to schools, but it has rescued all manner of rightwing economic nostrums from history's dustbins. Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking regulation), its leaders now turn their guns on the accomplishments of the earliest years of progressivism (Woodrow Wilson's estate tax; Theodore Roosevelt's anti-trust measures). With a little more effort, the backlash may well repeal the entire twentieth century.”

“When you can identify a specific tax that people don't like, and this is one that was designed for the Rockefellers, for the Carnegies in 1916, to fund World War I, but now it's beginning to hit small business people, real estate holders, a lot of people well down the income scale who just spent a life building assets. Suddenly they get hit with a 40%, 50% tax rate.”

People World Wells War Real Building Taxes Rate Scales Income War Of The Worlds Fund Assets World War I Estates Small Business Carnegie

Author:Paul Gigot

“If you could extend the elective franchise to all persons of color who can read the Constitution of the United States in English and write their names and to all persons of color who own real estate valued at not less than two hundred and fifty dollars and pay taxes thereon, and would completely disarm the adversary. This you can do with perfect safety. And as a consequence, the radicals, who are wild upon negro franchise, will be completely foiled in their attempts to keep the Southern States from renewing their relations to the Union.”

Source: The Papers of Andrew Johnson: May-August 1865

“The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.”

Source: Addresses Upon the American Road

“That is what is so marvelous about Europe; the people long ago learned that space and beauty and quiet refuges in a great city, where children may play and old people sit in the sun, are of far more value to the inhabitants than real estate taxes and contractors' greed.”

People May Children Long Real Play Values Space Cities Sun Quiet Taxes Europe Greed Long Ago Refuge Marvelous Estates Old People Great Cities Contractor Estate Taxes

Book:Fresh from the Laundry

Source: Fresh from the Laundry

“The estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other people from having opportunities. It may be good for a family, but for society it's probably not good. And I've always been in favor of having an estate tax.”

People Giving May Opportunity Balance Taxes Charity Be Good Favors Estates Dynasty Estate Taxes

Author:Michael Bloomberg

“Churches are tax exempt because they are supposed to provide a public good. To prove that good to the IRS, churches arent supposed to hoard their money. They are supposed to spend it on goods and services for the faithful. Under this pretense, the church has made massive investments in tax free real estate all over the world. And when it comes to labor costs, they are almost free.”

World Made Real Church Cost Prove Taxes Labor Investment Faithful Massive Goods Estates Pretense Irs Public Good Goods And Services

Author:Lawrence Wright

“Is this not true--That in proportion to the value of their estates the extremely wealthy pay far less taxes than those of moderatemeans? Compare the amount paid by millionaires with the amount paid by ordinary citizens. I believe that in proportion to their estates they pay less than half as much as ordinary citizens, whereas they ought to pay more.”

Believe Values I Believe Pay Half Ought Amount Citizens Taxes Ordinary Paid Compare Proportion Wealthy Estates Millionaire Ordinary Citizens

Author:Rutherford B. Hayes

“I support exemptions from the estate tax to ensure that when Maine farm owners die, their families will be able to continue to farm the land that they have protected and lived on, often for generations.”

Able Dies Support Generations Land Taxes Owners Farms Protected Estates Maine Exemption Estate Taxes

Author:Tom Allen

“Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.”

Past Goal Realizing Taxes Height Communist Looking Back Estates Suggestions Inheritance Qualified Abolition Manifestos Brackets Communist Manifesto Estate Taxes

Author:Ludwig von Mises

“We`re going to raise the estate tax for wealthy, very wealthy people.”

People Taxes Raises Wealthy Estates Estate Taxes

Author:Lawrence O'Donnell

“In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.”

Real Values Turns Pay Century Taxes Gains Sells Property Investment Decades Estates Transactions Capital Gains Capital Investment Capital Gains Tax

Author:Michael Hudson

“The biggest industrial sector next to real estate is oil, gas and other mineral resources. They don't report any taxable income, because if you depict yourself as earning a profit, you have to pay a tax on it. So, it's all about what accountants choose to declare as profit.”

Ifs Real Next Pay Taxes Resources Profit Oil Income Reports Gas Estates Earning Accountants Minerals Mineral Resources

Author:Michael Hudson

“The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.”

Ifs Way Real Interest Pay Company Worst Trump Taxes Property Profit Debt Corporate Owners Load Estates Liability Loopholes Raiders

Author:Michael Hudson

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