“Fewer and fewer people are paying larger and larger percentage of the tax burden, as you know, almost half the people pay no income taxes at all. We're going to have more people in the wagon than we got pulling the wagon before long and that's not going to work. Those jobless numbers, you know, go hand-in-hand with those tax numbers.” PeopleKnowsLongHandsNumbersPayHalfTaxesBurdenIncomeFewerJoblessPullingGoing To WorkPercentagesHand In HandIncome TaxWagonsTax Burden Author:Fred Thompson
“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.” YearsMeanIdeasGrowsPoorTerribleTaxesGainsPerformancesAccountsSellsSorryInvestingFundInvestorsDragPercentagesCapital GainsIndex FundsIndexing Author:William J. Bernstein
“Put simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don't pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.” NeedsGovernmentPayRichTaxesGapsDeficitPercentages Author:Ben Stein
“This is government's primary function - to keep us safe - and when large percentages in America don't feel safe, they start asking: What am I paying my taxes for? What is government all about?” FeelsGovernmentAmericaSafeTaxesFunctionAskingPrimariesPercentages Author:Charles Schumer