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Taxes Quotes

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Taxes Quotes

“We are angry about paying the highest income taxes and property taxes in the nation and getting less and less for it. We are angry about our incompetent, dysfunctional government that pays no attention to the desires of the people. We are angry about the cesspool of corruption and conflicts of interests and self-dealing that is Albany.”

PeopleSelfGovernmentDesireNationsInterestPayAttentionConflictTaxesHighestAngryPropertyCorruptionIncomeIncome TaxIncompetentConflict Of InterestAlbanyProperty Taxes
Author:Carl Paladino
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“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year's seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”

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Author:Rose Wilder Lane
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“The burden of the national debt consists not in its being so many millions, or so many hundred millions, but in the quantity of taxes collected every year to pay the interest. If this quantity continue the same, the burden of the national debt is the same to all intents and purposes, be the capital more or less.”

IfsYearsPurposeInterestPayMillionsTaxesHundredBurdenDebtQuantityNational Debt
Book:The Rights of Man: With a Brief Historical Preface
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“Why, I say, that to tax the community for the advantage of a class is not protection; it is plunder, and I entirely disclaim it; but I ask you to protect the rights and interests of labour generally in the first place, by allowing no free imports from countries which meet you with countervailing duties; and, in the second place, with respect to agricultural produce, to compensate the soil for the burdens from which other classes are free by an equivalent duty. This is my view of what is called "protection."”

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Author:Benjamin Disraeli
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“However accurate or inaccurate the agency's numbers may be, tax law explicitly presumes that the IRS is always right -- and implicitly presumes that the taxpayer is always wrong -- in any dispute with the government. In many cases, the IRS introduces no evidence whatsoever of its charges; it merely asserts that a taxpayer had a certain amount of unreported income and therefore owes a proportionate amount in taxes, plus interest and penalties.”

MayGovernmentLawCertainInterestJusticeNumbersCasesAmountTaxesEvidenceIncomeAgencyPlusAccurateIntroducingPenaltiesDisputesTaxpayersIrsAlways Wrong
Author:James Bovard
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“Where's my tax form? Where's the file that's supposed to hold my W-2 form and interest statement? Where's the mileage log I specifically asked be kept last year?? Where's the monthly check summary? And who's been stuffing Visa receipts in the aluminum foil drawer??!! How embarrassing. I'm surrounded by idiots and I'm the only one in the office.”

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Author:Cathy Guisewite
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“America must deal once and for all with an utterly irrational health care financing system that allows private interests to make billions in profits from the pain and suffering of their fellow citizens. America is the only country in the industrialized world that does not provide tax-supported universal health care coverage in some form.”

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Book:Life Support: Three Nurses on the Front Lines
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“The artist is the lowest form of life on the rung of the ladder. The publishers are usually businessmen who deal with businessmen. They deal with promotional people. They deal with financial people. They deal with accountants. They deal with people who work on higher levels. They deal with tax people, but have absolutely no interest in artists, in individual artists, especially very young artists.”

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Author:Jack Kirby
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“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”

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Author:Warren Buffett
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“President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.”

WarStatesCoursesNationsPresidentInterestKnownPovertyPlansTaxesPercentThirdsRateAverageProsperityIncomeLocalsAdministrationContributionWealthyPresident ObamaJohnsonNotableMortgageIncome TaxCharitableDeductionsWar On PovertyPresident Lyndon Johnson
Author:Dick Morris
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“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.”

WayAbleInterestTaxesConsequenceIncreaseSellsRateAbsenceInevitableFundFedsPrintInflationDeficitPrintingRecessionsTreasuryInterest RateBuyersRunawayTax Increases
Author:Doug Casey
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“My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?”

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Author:Cal Thomas
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“In the Washington soft money game, big business and big labor are accomplices working together to protect the mushy middle of big government, with plenty of special interest plums: Big unions get big spending and big business gets corporate welfare and special tax breaks - all at the expense of average Americans.”

BigsGovernmentTogetherGamesInterestBreakMiddleSpecialProtectTaxesLaborUnionsAverageSpendingPlentyCorporateWelfareWorking TogetherExpensesSpecial InterestsBig BusinessBig GovernmentPlumsAccomplicesTax Breaks
Author:John McCain
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“The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.”

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Author:Rudy Giuliani
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“There's a Russia angle to all this, because remember, we don't have Donald Trump's tax returns. He did a very - relative summary, 104 page campaign financial disclosure. One year of tax returns, reportedly - we've seen the pictures, 12,000 pages. And tax returns are replete with his foreign interests, including, perhaps, his Russian interests. That may be the reason he doesn't want to turn over his taxes.”

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Author:Norman L. Eisen
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“If we can’t puncture some of the mythology around austerity, politics or tax cuts or the mythology that’s been built up around the Reagan revolution, where somehow people genuinely think that he slashed government and slashed the deficit and that the recovery was because of all these massive tax cuts, as opposed to a shift in interest-rate policy - if we can’t describe that effectively, then we’re doomed to keep on making more and more mistakes.”

PeopleIfsThinkingGovernmentInterestMistakeCuttingPolicyRevolutionTaxesBuiltRateMythologyRecoveryMassiveDoomedDeficitTax CutsInterest RateAusterityPuncture
Author:Barack Obama
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“The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.”

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Author:Michael Hudson
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“If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay more than they would otherwise. You take a loss even though you're making a gain.”

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Author:T.R. Reid
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“When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call "incidence of taxes." If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.”

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Author:Joseph Stiglitz
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“The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.”

BookCountryInterestWaterWealthJusticeCommonSecretTaxesWealthyCommon GoodJustice SystemPublic EducationClean Water
Author:David Cay Johnston
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