“There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.” WisdomPoliticsBeliefEconomyRichEffectsTaxesCatIncomeFatsEaseCorporationsLiberalismFundLoadIncome TaxPensionBeneficiariesBrackets Author:Peter Drucker
“Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.” EnergyGrowthEffortRiskEconomicAmountTaxesJudgmentInvestmentFinancialHeavyDragLoadIncentivesRisk-takingTax System Author:John F. Kennedy
“The G20 was established as a forum to discuss, first and foremost, world economic issues. If we load it with... Of course, politics affects economic processes, this is obvious, but if we bring some squabbles, or not squabbles, rather, some matters that are really important but relate purely to world politics, we will overload the G20 agenda and instead of addressing such issues as finance, structural economic reforms, tax evasion and so forth, we will engage in endless debates concerning the Syrian crisis or some other global challenges, of which there are many, or the Middle East problem.” IfsWorldFirstsImportantMatterProblemCoursesProcessChallengesIssuesEconomicMiddleTaxesCrisisObviousEastDebateEndlessFinanceReformRelateAgendasMiddle EastLoadForumsEvasionOverloadEconomic IssuesSquabblesWorld PoliticsEconomic ReformsTax Evasion Author:Vladimir Putin
“What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.” GivingUseGovernmentEconomyTaxesElectionBottomDebtCampaignsIncomeGoodsLoadLendingGoods And Services Author:Michael Hudson
“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.” IfsWayRealInterestPayCompanyWorstTrumpTaxesPropertyProfitDebtCorporateOwnersLoadEstatesLiabilityLoopholesRaiders Author:Michael Hudson