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Taxes Quotes

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Taxes Quotes

“There'll be some savings from preventing double dipping by public servants which are currently able to access not one but two fully tax payer funded schemes and of course there will be out paid parental leave levy. So all up not only is this an important economic reform, an important reform to have to grow our economy more strongly, it also will leave the budget better off which will help us fix the mess that Labor has created with the budget.”

“We're going to have to invest in the American people again, in tax cuts for the middle class, in health care for all Americans, and college for every young person who wants to go. In businesses that can create the new energy economy of the future. In policies that will lift wages and will grow our middle class. These are the policies I have fought for my entire career.”

“Our party [Republicans] has been focused on big business too long. I came through small business. I understand how hard it is to start a small business. That's why everything I'll do is designed to help small businesses grow and add jobs. I want to keep their taxes down on small business. I want regulators to see their job as encouraging small enterprise, not crushing it.”

“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.”

“The next Prime Minister walking through that door will be me or Labour Party leader Ed Miliband, you can choose an economy that grows, that creates jobs, that generates the money to ensure a properly funded and improving National Health Service ... and a government that will cut taxes for 30 million hard-working people ... or you can choose the economic chaos of Ed Miliband's Britain.”

“You know, people like Hillary Clinton think you grow the economy by growing Washington. I think most of us in America understand that people, not the government creates jobs. And one of the best things we can do is get the government out of the way, put in reign in all the out of control regulations, put in place and all of the above energy policy, give people the education, the skills that the need to succeed, and lower the tax rate and reform the tax code.”

“We owe something to the government to grow up in this great country. I'm tired of hearing people in the private sector talk like they don't owe the government anything. We do. This is a great country because we all pay into it. It's about time we all pay into it. ... If we paid the same amount of taxes we paid when Bill Clinton was president, I would be a happy guy, and the budget would be closer to balanced. You cannot give away money, whether you give it to rich or poor people. That's what George Bush did -- excuse me, trillions of dollars. You can't do that.”

“The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.”

“[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.”

“When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.”

“From 2008 to 2016 all the growth in the American economy, all the growth in national income, was earned just by the wealthiest 5% of the population. So they got all the growth. 95% of the population didn't grow. If you can get a flat tax or other lower tax, as Trump is suggesting, then this richest 5% will be able to keep even more money. That means that the 95% will be even poorer than they were before, relative to the very top.”