“When you tax capital gains income, you don't help the economy, you hurt the economy, which is why President Kennedy, President Reagan, President Clinton and President Bush all believed we should have a lower rate for capital gains.” ShouldHelpingPresidentHurtEconomyTaxesGainsShould HaveClintonRateIncomePresident BushPresident ClintonPresident ReaganPresident KennedyCapital Gains Author:Rob Portman
“There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.” LongWarJobsAmericaLeftTermTaxesOfficePercentGainsRateLong TermEldersCapital Gains Author:Andrew Tobias
“Nobody cares that Mitt Romney is rich. It’s Romney’s inability to understand the institutional advantage that he gains from the government’s tax code largesse that’s a little offensive to people. Especially considering Romney’s view on anyone else who looks to the government for things like, I don’t know, food and medicine.” PeopleKnowsLooksLittlesGovernmentCareViewsRichTaxesGainsAdvantageMedicineCodeConsideringOffensiveInabilityRomneyNobody CaresLargesse Author:Jon Stewart
“Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” PartyLibertyEconomicTaxesGainsAssumingDebtSpendingLibertarianTendenciesFixedExpensesLibertarianismPieFree MarketProperty RightsFallacyWealth Of Nations Book:Free to Choose: A Personal Statement Source: Free to Choose: A Personal Statement
“It is helpful to think of people as having two fundamental motivations: the desire to see ourselves as honest, good people, and the desire to gain the benefits that come from cheating - on our taxes or on the football field.” PeopleThinkingTwoDesireMotivationHonestFieldsFootballTaxesBenefitsGainsFundamentalsHelpfulCheatingGood PeopleFootball Field Author:Dan Ariely
“Make no mistake, the point of cutting the personal income tax and the capital gains cut is to send an unmistakable message to business leaders.” MistakeCuttingTaxesMessagesGainsIncomeIncome TaxCapital Gains Author:Bill Richardson
“I don't use my money to gain political influence for my private interests, which is what many rich people do, and what, in a sense, market fundamentalism does, because it is in the interests of people who have a lot of money to have as little taxes as possible.” PeopleLittlesDoeUsePoliticalInterestRichInfluenceTaxesGainsLots Of MoneyFundamentalismRich PeoplePolitical Influence Author:George Soros
“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.” ImportantStatesDifferencesUnitedUnited StatesTaxesBenefitsGainsEconomicsLaborDuesExpectedFranceOperationsWelfareRemarkableUnemploymentReducingConstraintsWedgesTax SystemUnemployment Benefits Author:Edward C. Prescott
“In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.” GovernmentPoliticalOpportunityProcessSupportTaxesGainsSpendingEnterpriseExpensesNurtureDeficitAccumulationSubsidiesTax SystemDeficit Spending Author:Michael Parenti
“I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out.” GovernmentSufferingIndividualTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Howard Warren Buffett
“A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.” PeopleKnowsHardCareBuildingHigherTaxesGainsRateIncomeHealth CareKicksDividendsBuilding UpCapital Gains Author:Fred Thompson
“Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.” WantWellsHas BeensGrowthEconomyCuttingEconomicTaxesGainsRaisesDemocratArguingHelpfulSlow DownEconomic GrowthCapital GainsCapital Gains Tax Author:Grover Norquist
“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.” LosesWealthResultsFailingProduceTaxesBeatsPercentGainsInvestingFundDestroyingMarginsAnnualsVanguardIndex 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.” YearsMeanIdeasGrowsPoorTerribleTaxesGainsPerformancesAccountsSellsSorryInvestingFundInvestorsDragPercentagesCapital GainsIndex FundsIndexing Author:William J. Bernstein
“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.” IfsLongImportantRunningRealizingShareSubjectsSecurityReturnTaxesGainsInvestingFinancialRealizationConsiderationFriendlyFundAllowingInvestorsLong RunsSwitchingStock PriceCapital GainsIndex Funds Author:Burton Malkiel
“Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.” SecurityTaxesGainsTradeInvestingFundCapital GainsIndex FundsCapital Gains Tax Author:Burton Malkiel
“I believe capital gains, for the most part, should be taxed the same way we tax income from hard work, sweat, and toil. And if we do those things, we can be a country that actually can afford debt-free college again.” IfsWayShouldBelieveCountryHardI BelieveCollegeHard WorkTaxesGainsDebtIncomeSweatToilCapital GainsDebt Free Author:Hillary Clinton
“We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.” PeopleIfsEndsDiesMovementDutyTaxesGainsIncomeSavingAssetsStampsInheritanceSavingsAudacityCapital GainsInheritance TaxCapital Gains Tax Author:Liam Fox
“Contrary to the rhetoric emanating from the American left, the 'rich' are currently paying a lot more than 'their fair share.' It is only a handful of mega-rich, those whose entire incomes are derived from dividends and capital gains, rather than salaries or business profits, who have the ability to pay lower tax rates than some members of the middle class. The left knows this but continues to build their 'freeloading millionaire' straw man because it makes good politics.” KnowsMenLeftAbilityPayClassRichShareMiddleTaxesMembersGainsFairsRateProfitContraryIncomeMiddle ClassRhetoricHandfulSalaryMillionaireStrawsDividendsFair ShareMegaCapital Gains Author:Peter Schiff
“I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.” WayGivingFirstsStatesProblemRunningSocialChurchSimpleUnitedUnited StatesTaxesGainsProgramArmyAlcoholRecoverySavingPlentyBudgetsGamblingFormulasRevenueSavingsCapital GainsSocial Programs Author:Frank Zappa
“I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).” PeopleLongBodyAbleTermPolicyTaxesGainsRateBlowLikesLong TermEndeavorDesirableDiggingCertificatesShufflingCapital GainsDigging Ditches Author:Warren Buffett
“I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax.” GivingTaxesGainsAlternativesZeroMinimumDividendsCapital GainsCapital Gains Tax Author:Michele Bachmann
“What the issue here is, you get rid of all the conservative orthodoxy about capital gains, marginal tax rate, supply side economics, you just throw all that out the window, limited government and you just embrace the sheer and raw politics of resentment that have been bubbling the whole time and that`s what you get. You get Donald Trump.” Has BeensWholeGovernmentSidesIssuesTrumpTaxesGainsEconomicsWindowEmbraceRateConservativeResentmentSheerOrthodoxyLimited GovernmentCapital GainsSupply Side Economics Author:Chris Hayes
“What I have proposed would be paid for by raising taxes on the wealthy, because they have made all the gains in the economy.” MadeWould BeEconomyTaxesGainsPaidWealthyRaising Taxes Author:Hillary Clinton
“I just don't think it's good public policy to tax fuel. It's kind of silly. It stops people from traveling and actually costs the economy more money than what you gain in the taxes.” PeopleThinkingKindEconomyPolicyCostTaxesGainsSillyFuelMore MoneyPublic Policy Author:David Neeleman
“If Hillary [Clinton] is elected, is she going to be able to jack up taxes with virtually no deductions, and include capital gains? Unless democrats have a clean sweep of Congress, I don't think that's going to happen either.” IfsThinkingHappensAbleTaxesGainsCleanClintonDemocratCongressDeductionsCapital Gains Author:Gary Shilling
“The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.” PayTaxesOfficePercentGainsLots Of MoneyPayrollCapital GainsPayroll TaxCapital Gains Tax Author:Warren Buffett
“We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.” GovernmentTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Warren Buffett
“The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.” GrowthDecisionEconomyRiskTaxesGainsFlowDifficultyInvestmentEaseVentureObtainingMobilityCapital GainsNew VenturesCapital Gains Tax Author:John F. Kennedy
“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.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank
“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.” RealValuesTurnsPayCenturyTaxesGainsSellsPropertyInvestmentDecadesEstatesTransactionsCapital GainsCapital InvestmentCapital Gains Tax Author:Michael Hudson
“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.” IfsWealthPayTrumpTaxesGainsSellsIncomeFundWealthyRegisterIncome TaxHeirsAccountantsPaying TaxesOffshoreTrust Funds Author:Michael Hudson
“I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.” PersonsLongMovingOrderThreeTermPayPolicyTaxesHighestGainsRateStartingFavorsIncomeLong TermProgressiveMinimumStoppingClosingInstituteIncome TaxMinimum WageLoopholesImplementingCapital GainsCapital Gains TaxProgressive Tax Author:Philip Kotler
“More and more political analysts and weak-kneed politicians are advising the historically pro-life Republican Party to abandon its pro-life stance for political gain. My first response is that if you cannot trust a party on the value of defending human life, how can you trust it on issues like marginal tax rates?” IfsFirstsHumansPoliticalValuesPartyIssuesPoliticianRepublicanTaxesGainsWeakResponseRateHuman LifeAbandonRepublican PartyPro LifeStanceAnalysts Author:Gary Bauer
“I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” YearsI CanFormFamilyPlansTaxesGainsIncreaseIncomeFirmPledgeIncome TaxPayrollTax IncreasesCapital GainsPayroll TaxCapital Gains Tax Author:Barack Obama
“I will promote savings and investment by maintaining the 15% rate on capital gains and dividends. I will eliminate the tax entirely for those with annual income below $200,000.” TaxesGainsInvestmentRateIncomeSavingMaintainingSavingsAnnualsDividendsCapital GainsSavings And Investment Author:Mitt Romney