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Taxes Quotes

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Taxes Quotes

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“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.”

“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.”

“I am impressed by the positive and insightful feedback we have received from Canadians across the country and again this morning in Brampton. The input received during the pre-budget consultation process is invaluable to our Government, as we move forward in keeping Canada's economy strong. That means keeping taxes low while investing in programs and services that are important to Canadians and their families.”

“For the past three years, the CIVIX Student Budget Consultation has helped us to better understand the most pressing national issues for young Canadians. I am delighted to note that on key issues, such as balancing the budget, debt reduction, and lowering taxes, we stand in step with the thousands of students who participated in this initiative from coast to coast to coast. I want to thank the students and teachers for investing their time and energy in this worthwhile initiative. Their enthusiastic participation inspires great hope for Canada's future.”

“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.”