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Taxes Quotes

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Taxes Quotes

“If I get married I get a tax break, if I have a kid I get a tax break, if I get a mortgage I get a tax break. I don't have any kids and I drive a hybrid, I think I should get a tax break. I'm trying to pay off my apartment so I have something tangible. I actually figured out if I paid off my place my reward would be that I would pay an extra four grand a year in taxes.”

“What really gets me is this - it's very ironic that those who are most critical of extra tax are those who are most vociferous in demanding extra expenditure. What gets me even more is that having demanded that extra expenditure they are not prepared to face the consequences of their own action and stand by the necessity to get the tax to pay for it. I wish some of them had a bit more guts and courage than they have.”

“While Donald Trump was busy with his accountants trying to figure out how to keep living like a billionaire, and all the while he was using his political connections to collect hundreds of millions of dollars in government subsidies and extra tax breaks for his companies. In other words, Trump was taking from America with both hands, and leaving the rest of us with the bill.”

“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.”

“Unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on. They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies in America, it's a classic example.”

“I argue that in the long run, the US would be on a far more financially secure footing if we recalibrate how we spend about two-to-three percent of the country's GNP, using state and federal taxes to create pools of money for spending on America's poor - which would, as numerous economists have argued in recent years, create virtuous spending circles, since those on lower incomes spend more of each extra dollar in their possession than do those on higher incomes.”