Best taxes & fund Quotes | Short & Famous Sayings

“Increased revenues, meaning higher taxes, will be a central element of any successful long-term budget plan, and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.”

Should Long America President Term Successful Plans Higher Taxes Elements Financial Budgets Long Term Fund Wealthy President Obama Revenue Recessions

Author:Steven Rattner

“The idea of a tax on the ownership of a television belongs in the 1950s. Why not tax people for owning a washing machine to fund the manufacture of Persil?”

People Ideas Television Taxes Machines Fund Why Not Ownership Washing Washing Machines

Author:Jeremy Paxman

“There's something wrong when hedge fund managers pay lower tax rates than nurses or the truckers”

Pay Taxes Rate Managers Fund Nurse Hedge Fund Truckers

Author:Lindsey Graham

“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

“There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.”

Wisdom Politics Belief Economy Rich Effects Taxes Cat Income Fats Ease Corporations Liberalism Fund Load Income Tax Pension Beneficiaries Brackets

Author:Peter Drucker

“I had to go on TV with the president of the Catholic League, which is not an official organization at all, just a lot of Catholics, or maybe it's just this guy. He demanded to de-fund art completely and argued that taxpayers should not pay for it. I said people who represent the Catholic Church shouldn't talk about taxes.”

People Should Art Said Guy President Church Pay Tvs Goes On Taxes Organization Catholic League Officials Fund This Guy Taxpayers Catholic Church

Author:Fran Lebowitz

“Bain also asked Kansas City for a $3 million tax break. The Bain executives were taking home $36 million in borrowed funds and were asking Kansas City to forfeit $3 million in public money for police officers, roads and schools? More free stuff!”

Home School Stuff Cities Break Millions Taxes Asking Police Fund Executives Officers Borrowed Police Officer Kansas Forfeit Tax Breaks Kansas City Public Money Free Stuff

Author:Jennifer Granholm

“It is important to remember that government interference always means either violent action or the threat of such action. The funds that a government spends for whatever purposes are levied by taxation. And taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers. They know that any disobedience or resistance is hopeless. As long as this is the state of affairs, the government is able to collect the money that it wants to spend.”

Source: Human Action

“I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.”

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Author:Charlie Munger

“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.”

Loses Wealth Results Failing Produce Taxes Beats Percent Gains Investing Fund Destroying Margins Annuals Vanguard Index Funds

Author:David F. Swensen

“While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.”

Years Mean Ideas Grows Poor Terrible Taxes Gains Performances Accounts Sells Sorry Investing Fund Investors Drag Percentages Capital Gains Index Funds Indexing

Author:William J. Bernstein

“Managed funds are astonishingly tax-inefficient.”

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Author:John C. Bogle

“Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.”

“Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.”

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Author:Burton Malkiel

“When you look at the results on an after-fee, after-tax basis over reasonably long periods of time, there's almost no chance that you end up beating the index fund.”

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Author:David F. Swensen

“To do what we are doing in this budget to our children, cutting their health care funds, decreasing opportunity, simply so we can pay for tax cuts and a war in Iraq is beyond belief, and we need to reverse it”

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Author:Tom Allen

“Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.”

“House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now (ACORN). But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs.”

“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.”

Way Able Interest Taxes Consequence Increase Sells Rate Absence Inevitable Fund Feds Print Inflation Deficit Printing Recessions Treasury Interest Rate Buyers Runaway Tax Increases

Author:Doug Casey

“Liberals believe and inexhaustible fund exists that can be tapped endlessly to pay for government social programs. Tax the rich and give it to a long line of moochers, pork barrel hustlers and ne'er-do-wells. These funds would otherwise have been employed as additional capital indispensable to economic progress.”

“A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.”

Two Loss Risk Periods Taxes Investment Definitions Following Factors Alternatives Preserves Fund Realistic Probability Inflation Select

Book:Contrarian Investment Strategies in the Next Generation

Source: Contrarian Investment Strategies in the Next Generation

“The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.”

“Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right.”

Ifs Knows Mean Social Millions Security Taxes Program Folks Fund Social Security Salary Bucks Payroll Payroll Tax Socs

Author:Jared Bernstein

“To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.”

Men Ideas Wisdom Political Politics Taxes Historical Socialism Voting Fund Founding Fathers Democracy Propagation

Author:Thomas Jefferson

“We like to say the Internet is the ultimate library. But libraries are libraries because people come together and fund them through taxes. Libraries actually exist, all over the country, so why is it such a reach to imagine and to someday build a public institution that has a digital aspect to it? Of course the problem is that libraries and other public services are being defunded and are under attack, so there's a bigger progressive struggle this plays into.”

People Country Play Problem Together Courses Struggle Imagine Internet Taxes Aspect Ultimate Bigger Institutions Library Someday Digital Fund Progressive Public Service

Author:Astra Taylor

“Young men and women - young men and women signed up to serve in the military to fight terrorism. Hillary Clinton went to Washington to get funds to rebuild her city, and protect first responders but Donald Trump was fighting a very different fight. It was a fight to avoid paying taxes so that he wouldn't support the fight against terror.”

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Author:Tim Kaine

“I am on record as saying that we need to put more money into the Social Security Trust Fund. That's part of my commitment to raise taxes on the wealthy.”

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Author:Hillary Clinton

“They have two aspects. One is that they're unpredictable, and that often rich and more affluent households are slow to spend the funds. The other thing about tax cuts is that they're redistributive. So they tend, naturally, to benefit those who pay tax.”

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Author:Judy Woodruff

“If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.”

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Author:Michael Hudson

“Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.”

“People know that billions of pounds are wasted. Billions of pounds never get near the families that need it. It is an absolute outrage that hard-working people go out to work every day, get up early, come back late, don't see enough of their families in order to pay taxes to fund vast bureaucracies that are inefficient in order to fund a welfare system which allows too many people to sit for the whole of their lives on out-of-work benefits without going out to look for work.”

People Knows Needs Looks Hard Enough Whole Order Pay Hard Work Taxes Benefits Late Absolutes Billions Get Up Welfare Pounds Fund Going Out Bureaucracy Outrage Up Early

Author:George Osborne

“Congress has all sorts of rules, hedge fund managers, private equity managers, executives, movie stars, fall into that allow them to escape or defer into the future not paying their taxes. And if you can defer your tax into the future, it's the best deal in the world, because you don't just get to eat your cake and have it too. You get to eat your cake and have a bigger cake.”

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Author:Hillary Clinton

“I thought you liberals cared about people, but here you're perfectly content to get them addicted to tobacco and make them pay taxes through the nose and continue to pay taxes through the nose and raise their taxes. And then you try to make 'em think you care about 'em by running PSAs telling them how they shouldn't smoke and how they should quit. You're exactly right. If they really cared, they would ban the product, but they can't, because the revenue from tobacco taxes - I'm not kidding you - funds children's health care programs, and a number of other things as well.”

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Author:Rush Limbaugh

“So get this. On 9/11, Hillary Clinton and Donald Trump's hometown was attacked by the worst terrorist attack in the history of the United States. Young men and women - young men and women signed up to serve in the military to fight terrorism. Hillary Clinton went to Washington to get funds to rebuild her city and protect first responders, but Donald Trump was fighting a very different fight. It was a fight to avoid paying taxes so that he wouldn't support the fight against terror.”

Men Different Fighting Support Worst Military Protect Taxes Men And Women Clinton Terror Terrorism Terrorist Fund Hometown

Author:Tim Kaine

“Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at the very time that the tax system has become vastly more complicated. And of course America continues to grow, so there's an increasing number of tax returns coming in. The IRS responds by doing exactly what Congress expects of them. That shouldn't surprise anyone. All bureaucracies do what they are told.”

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Author:David Cay Johnston

“Will some reporter, or some Republican on the Sunday shows, please ask why tax cuts raid the non-existent Social Security Trust Fund but all the Democrats' new spending doesn't? Will someone please ask that?”

Shows Asks Social Cutting Security Trust Please Republican Taxes Democrat Spending Sunday Fund Reporters Social Security Tax Cuts Trust Funds

Author:Rush Limbaugh

“For more than forty years, the United States Congress has shamelessly used payroll taxes intended for Social Security to fund big government spending.”

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Author:Mike Pence

“You know, to preserve our job-friendly climate the Texas legislature didn't raise taxes this last legislative session while balancing their budget and maintaining their reserves - and might I add that our budget leaves $6 billion dollars in a rainy day fund?”

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Author:Rick Perry

“[Under Obama,] our federal tax dollars can now be used to fund abortion all over the world. With the stroke of a pen, abortion essentially became a U.S. foreign export.”

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Author:Rick Perry

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