“Now, the president would like to do tax reform, which would obviously lower rates for most people in America and make the tax code fair and get rid of loopholes and special treatment. But absent tax reform, the president believes the right way to get our fiscal house in order is ask the wealthy to pay their fair share.” PeopleWayBelieveAmericaOrderAsksHousePresidentPayShareSpecialTaxesFairsRateReformCodeTreatmentWealthyRight WayAbsentLoopholesFair ShareTax ReformSpecial Treatment Author:David Plouffe
“I'm for Simpson-Bowles. It doesn't raise taxes, it closes loopholes and takes the money we would give to a few people and put it on the debt.” PeopleGivingTaxesRaisesDebtLoopholes Author:Lindsey Graham
“President Obama has announced a task force to review the tax codes. He's concerned there are too many loopholes and too many people manipulating the system to avoid paying taxes. And that's just in his administration.” PeopleForcePresidentTaxesConcernedTasksAdministrationCodeReviewsPresident ObamaLoopholesPaying TaxesTask Forces Author:Jay Leno
“We simply cannot continue to live with a [tax] system which has so many inequities. It must be changed in such a way that each of us pays a fair share of the burden. It has been said that one man's loophole is another man's livelihood. Even if this is true, it certainly is not fair, because the loophole-livelihood of those who are reaping undeserved benefits can be the economic noose of those who are paying more than they should.” IfsMenWayShouldHas BeensSaidPayShareEconomicChangedTaxesBenefitsFairsBurdenOne ManAnother ManLivelihoodNot FairLoopholesFair ShareTax SystemNooses Book:Speaking up Source: Speaking up
“A Tax Loophole: A deduction that the other guy gets.” GuyModernTaxesModern LifeOther GuysDeductionsLoopholes Author:Malcolm Forbes
“Basically the tax reform ideas are to clean up the tax system and to eliminate the loopholes that only very few make use of, to eliminate the possibility of people making millions of dollars every year and not paying any tax at all through oil depletion allowances and things like that.” PeopleYearsIdeasUseMillionsPossibilityTaxesDollarsCleanOilReformAllowanceLoopholesTax SystemTax Reform Author:Warren Beatty
“Why I've advocated a proportional tax system. You make $10 billion, you pay a billion. You make $10, you pay one. And everybody gets treated the same way. And you get rid of the deductions, you get rid of all the loopholes.” WayPayTaxesBillionsTreatedDeductionsLoopholesTax System Author:Benjamin Carson
“Why is an accountant who knows the regulation and codes and takes advantage of tax loopholes that save you thousands of dollars each year good, But SEO's who take advantages of loopholes and flaws in Google's algorithm to bring you traffic that makes you thousands of dollars bad?” KnowsYearsTaxesAdvantageDollarsMarketingCodeOnlineFlawsRegulationGoogleTrafficAccountantsAlgorithmsLoopholesSeoOnline Marketing Author:Michael Gray
“High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.” HeartWinningNationsClassRichPaintingHigherPoliticianTaxesCreatingResourcesVoteRateSeekingIncomeOpponentsFraudFairnessWarfareRhetoricDefendersPhonySlipperyDonationClass WarfareLoopholesBracketsHigh Taxes Author:Thomas Sowell
“The corporations who invest in lobbyists, it pays in terms of tax loopholes, tax subsidies, all the rest. It pays. Clearly, the money has a big effect.” BigsTermPayEffectsTaxesCorporationsSubsidiesLobbyistsLoopholes Author:Mark Shields
“Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.” PayCasesTaxesMajorsIncomeCorporateCorporationsIslandsProfitableIncome TaxLoopholesNickelsCayman Islands Author:Lawrence O'Donnell
“Now all of the ideas that I'm talking about, they are not radical ideas. Making public colleges and universities tuition free, that exists in countries all over the world, used to exist in the United States. Rebuilding our crumbling infrastructure, and creating 13 million jobs by doing away with tax loopholes that large corporations now enjoy by putting their money into the Cayman Islands and other tax havens. That is not a radical idea.” WorldIdeasCountryStatesJobsUsedEnjoyUnitedTalkingMillionsUnited StatesHavensCollegeTaxesCreatingUniversityRadicalCorporationsIslandsInfrastructureRebuildingCrumblingTuitionLoopholesColleges And UniversitiesRadical IdeasCayman IslandsCrumbling Infrastructure Author:Bernie Sanders
“I do not think we should tax people to a point where they are looking for tax loopholes and getting their money out of the country.” PeopleThinkingShouldCountryTaxesLoopholes Author:Anthea Turner
“When I talked about Boeing and I talked about General Electric, what I was referring to is an outrage... Right now you have a loophole such that these guys are putting their profits, multi-billion dollar profitable corporations putting billions of dollars into the Cayman Islands, Bermuda, and other tax havens.” GuyHavensRight NowTaxesDollarsProfitBillionsCorporationsIslandsElectricProfitableOutrageReferringLoopholesBoeingBermudaGeneral ElectricCayman Islands Author:Bernie Sanders
“So what I have said with regard to Boeing and GE and other multinationals that pay zero taxes, you know what we're going to do? We're going to end that loophole. They are going to pay their fair share of taxes.” KnowsSaidEndsPayShareTaxesFairsRegardZeroLoopholesFair ShareBoeingMultinationals Author:Bernie Sanders
“The point being we used to have a system that wasn't as rigged in how the tax structure functioned. The president [Barack Obama] and I have been trying to get rid of some of these loopholes for some time. Look, we have to change the corporate culture.” TryingLooksHas BeensUsedCulturePresidentTaxesStructureBarackCorporatePresident Barack ObamaCorporate CultureLoopholesRigged Author:Joe Biden
“A lot of the people that are poor take advantage of loopholes and pay no taxes.” PeoplePoorPayTaxesAdvantageLoopholes Author:Rudy Giuliani
“In the meantime the big corporations are fleeing America for tax havens and places like Ireland, Luxembourg and the Grand Cayman Islands; the rich are finding more tax loopholes to expect; so when are the people going to basically roll up their sleeves and say, we've had enough, we're going to recapture Congress.” PeopleEnoughBigsAmericaRichHavensTaxesFindingsCongressCorporationsIslandsIrelandSleevesHad EnoughFleeingLoopholesBig CorporationsCayman Islands Author:Ralph Nader
“We've got an extraordinarily complex tax system that's full of loopholes that are exploited by special interests. I'd like to see those loopholes closed.” InterestSpecialTaxesComplexesSpecial InterestsLoopholesTax System Author:Barack Obama
“Economic growth, profitability, prosperity, jobs, increased jobs, increased wages, they're able to get that tax rate down to 15% and we're gonna call it tax relief, not tax breaks, not tax loopholes. It's important to control and reclaim the language here.” ImportantAbleJobsLanguageGrowthBreakEconomicTaxesRateProsperityReliefWagesEconomic GrowthLoopholesProfitabilityTax Breaks Author:Rush Limbaugh
“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
“I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.” PersonsLongMovingOrderThreeTermPayPolicyTaxesHighestGainsRateStartingFavorsIncomeLong TermProgressiveMinimumStoppingClosingInstituteIncome TaxMinimum WageLoopholesImplementingCapital GainsCapital Gains TaxProgressive Tax Author:Philip Kotler
“The Democrats are obsessing about raising tax rates, while the GOP talks about closing loopholes.” TaxesDemocratRateClosingGopLoopholesObsessingRaising Taxes Author:Bob Beauprez