“The high income tax come pretty near passing in the Senate. Only lacked about six votes. So it won't be long now. Well, there is millions and millions that are not making it, that would be glad to give up 99 per cent if you would let 'em earn a hundred thousand or more.” IfsGivingWellsLongWould BeMillionsThousandTaxesGiving UpSixHundredVoteGladIncomePassingPassingsEmsSenateCentsIncome Tax Author:Will Rogers
“I prefer an income tax, but the truth is I am afraid of the discussion which will follow and the criticism which will ensue if there is an other division in the Supreme Court on the subject of the income tax. Nothing has injured the prestige of the Supreme Court more than that last decision, and I think that many of the most violent advocates of the income tax will be glad of the substitution in their hearts for the same reasons. I am going to push the Constitutional amendment, which will admit an income tax without questions, but I am afraid of it without such an amendment.” IfsThinkingHeartReasonLastsDecisionSubjectsTruth IsTaxesCriticismCourtGladSupremeViolentIncomeDiscussionDivisionAmendmentsSupreme CourtInjuredIncome TaxPrestigeSubstitutionConstitutional Amendments Author:William Howard Taft
“The flat tax would be so simple, you could fill it out on a post card. A post card that would say, in effect, having a wonderful time; glad most of my money is here.” Would BeSimpleMoneyWonderfulEffectsTaxesGladCardsPostsFlatsTax DayWonderful TimesFlat Tax Author:Steve Forbes
“I talked to one accountant, a very nice fellow who I would have been glad to have his family marry into mine. He said, "What these other accounting firms have done is very unethical. The [tax avoidance scheme] works best if it's not found out [by the IRS], so we only give it to our best clients, not the rest, so it's unlikely to be discovered. So my firm is better than the others." [Laughter] I'm not kidding. And he was a perfectly nice man. People just follow the crowd...Their mind just drifts off in a ghastly way.” PeopleIfsMenWayGivingMindHas BeensSaidDoneFoundNiceMinesTaxesLaughterFellowsCrowdsGladFirmSchemesClientsUnlikelyAvoidanceVery NiceAccountingAccountantsIrsGhastlyUnethicalNice Man Author:Charlie Munger
“Justice [Sonia]Sotomayor said, "Let's talk - you want to talk about the tax power."And I got like a 10-minute run on the tax power. And, boy, was I glad I did because I was able to get across this idea that, yes, this is a narrower ground on which you can affirm it. And I think everybody agrees. I think even the dissenting justices ultimately in the case agreed that, if Congress had expressly called it a tax, it would be indisputably constitutional.” IfsThinkingWantSaidIdeasWould BeRunningAbleJusticeBoysCasesMinutesTaxesAgreeCongressGlad Author:Donald Verrilli Jr.