“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
“Undoubtedly Internet has reduced the possibilities of taxation. Why should I buy something here if I can buy it from a company in Japan or England or Brazil with a lower tax?” IfsShouldI CanCompanyPossibilityInternetTaxesEnglandJapanShould ITaxationBrazil Author:Milton Friedman
“So far rich people have been very quiet about the possibility of getting taxes raised on them, but that doesn't mean they won't get mad about it, it just means they don't know about it. Because it takes a while for bad news to reach a rich person. First their accountant has to tell the butler, who has to tell the servant, who wouldn't dare interrupt their game of croquet.” PeopleKnowsFirstsMeanPersonsHas BeensGamesRichPossibilityQuietTaxesNewsMadRaisedDareServantRich PeopleBad NewsAccountantsButlersRich PersonCroquet Author:Craig Ferguson
“You have a sense that [Donald] Trump will probably reimagine where the Republican Party is on that issue and some others. But then I think conservatives may win in some areas, too - tax reform. So it's just - it's an enormously exciting time in terms of the possibilities.” ThinkingMayWinningTermPartyIssuesPossibilityTrumpRepublicanTaxesAreasExcitingReformRepublican PartyTax Reform Author:Margaret Hoover
“Tariffs are in the end taxes. And somebody has to pay that tax. I think one thing people are forgetting is that trade disputes are two-sided. When the United States imposes tariffs on a partner like Canada, there is always a possibility that Canada will say that's not fair and retaliate. And at that point, you have to ask the question, - which U.S. industry will suffer because the Canadians retaliated against it?” PeopleThinkingSufferingForgetPossibilityTaxesTrade Author:Greg Ip
“We should balance the budget. If government programs are important enough, we need to pay for them with taxes or make cuts in lesser programs. We've lost that discipline entirely. It seems prudent to avoid the possibility that the people who own our debt will start to worry the U.S. won't pay. That would raise how much it would cost the U.S. to borrow, which in a national emergency, like a war or pandemic, could be critical.” PeopleImportantWarEnoughWorryCuttingPossibilityBalanceDisciplineTaxesProgram Author:Robert J. Samuelson