“There is only one institution that can arrogate to itself the power legally to trade by means of rubber checks: the government. And it is the only institution that can mortgage your future without your knowledge or consent: government securities (and paper money) are promissory notes on future tax receipts, i.e., on your future production.” MeanGovernmentSecurityTaxesPaperInstitutionsTradeNotesProductionsChecksOur FutureConsentYour FutureMortgageRubberReceiptsPaper Money Book:The Ayn Rand Lexicon: Objectivism from A to Z Source: The Ayn Rand Lexicon: Objectivism from A to Z
“Where's my tax form? Where's the file that's supposed to hold my W-2 form and interest statement? Where's the mileage log I specifically asked be kept last year?? Where's the monthly check summary? And who's been stuffing Visa receipts in the aluminum foil drawer??!! How embarrassing. I'm surrounded by idiots and I'm the only one in the office.” YearsLastsFormInterestTaxesOfficeChecksStatementsIdiotLast YearEmbarrassingFilesDrawersVisaSummaryReceiptsFoilsAluminumMileageAluminum Foil Author:Cathy Guisewite
“I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out.” GovernmentSufferingIndividualTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Howard Warren Buffett
“We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.” GovernmentTaxesPercentGainsThirdsIncomeFederal GovernmentIncome TaxDividendsPayrollReceiptsCapital GainsPayroll Tax Author:Warren Buffett