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Taxes Quotes

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Taxes Quotes

“The stage I chose--a subject fair and free-- 'Tis yours--'tis mine--'tis public property. All common exhibitions open lie, For praise or censure, to the common eye. Hence are a thousand hackney writers fed; Hence monthly critics earn their daily bread. This is a general tax which all must pay, From those who scribble, down to those who play.”

“Relaxation is a physical and moral necessity. Animals, even to the simplest and dullest, have their games, their sports, their diversions. The toil-worn artisan, stooping and straining over his daily task, which taxes eye and brain and limb, ought to have opportunity and means for an hour or two of relaxation after that task is concluded.”

“The flat tax I got on my first meeting with Margaret Thatcher, who I admired very much and who was a great admirer of Milton Friedman. I met her first when I had been prime minister I think for some months and so on, and when I told her what I am planning to do, she looked at me with these big eyes and said: "You are one brave young man." And then a little bit introduced me on the realities of the Western world on which I was not very well informed. But I didn't stop.”

“If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.”

“Let's stop for a second and remember where we were eight years ago [in 2008]. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm.”

“In the eyes of many business leaders, there is never an opportune moment for tax reform. Yes, the economy is losing momentum, but that is not because a handful of people are losing their privileges. Slow growth did not first begin during my term in office; the market downturn is making itself felt around the world. My government has responded with an agenda aimed at raising productivity. We are also investing substantially in infrastructure - the plan calls for €20.5 billion or $26.3 billion by 2021.”