“There'll be some savings from preventing double dipping by public servants which are currently able to access not one but two fully tax payer funded schemes and of course there will be out paid parental leave levy. So all up not only is this an important economic reform, an important reform to have to grow our economy more strongly, it also will leave the budget better off which will help us fix the mess that Labor has created with the budget.” TwoImportantHelpingAbleCoursesGrowsEconomyEconomicTaxesLaborPaidAccessSavingMessReformBudgetsServantGet BetterSchemesBetter OffSavingsPreventingParentalPublic ServantsEconomic Reforms Author:Tony Abbott
“This is the national equivalent of having no savings, your credit card maxed out, you didn't renew your insurance, and now your house has burned down. The only way we can start to solve this is rolling back the tax cuts for the rich, which would save about $70 billion.” WayHouseRichCuttingTaxesCreditSolveBillionsCardsSavingBurnedRollingSavingsCredit CardTax Cuts Author:Diana DeGette
“We need a tax code that promotes savings, investment, achievement, innovation, and hard work.” NeedsHardHard WorkTaxesAchievementInnovationInvestmentSavingCodeSavings Author:Erik Paulsen
“In America, we tax work, investment, employment, savings, and production, while we subsidize non-work, consumption, and debt. It's time we reverse this trend.” AmericaTaxesInvestmentProductionsDebtEmploymentSavingTrendsConsumptionReverseSavings Author:Jack Kemp
“We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.” PeopleIfsEndsDiesMovementDutyTaxesGainsIncomeSavingAssetsStampsInheritanceSavingsAudacityCapital GainsInheritance TaxCapital Gains Tax Author:Liam Fox
“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.” WayYearsRealSeemsInterestDifferencesPayEconomicPeriodsTaxesPercentAccountsIncomeSavingZeroInflationSavingsOutrageousWidowsIncome Tax Author:Warren Buffett
“The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.” WayHelpingJobsPoorCreationTaxesInvestmentBest WaySavingSavingsHelp The Poor Author:Murray Rothbard
“Why is it so hard to see that when America had high savings, low taxes and minimal government, the economy grew like a week, and today when we have just the opposite, the economy is shrinking.?” HardGovernmentTodayAmericaEconomyWeekGrewTaxesLowsOppositesSavingSavingsShrinking Author:James Cook
“If you've been frugal during your life and tried to save, you're penalised by the tax system. You pay tax on your wages, your savings and even your private pension.” IfsPayTaxesSavingWagesSavingsPensionFrugalTax System Author:Geoff Capes
“I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.” WayGivingFirstsStatesProblemRunningSocialChurchSimpleUnitedUnited StatesTaxesGainsProgramArmyAlcoholRecoverySavingPlentyBudgetsGamblingFormulasRevenueSavingsCapital GainsSocial Programs Author:Frank Zappa
“In the Iowa senate, I helped pass the largest tax cut in state history - returning over four billion dollars in savings and putting more money back in the pockets of hard-working Iowa families.” HardStatesFourCuttingHard WorkTaxesDollarsBillionsSavingPocketsSenateMore MoneySavingsTax CutsIowa Author:Joni Ernst
“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank
“If this taxation exemptions for Church were rescinded, our property taxes would be substantially lowered, and those who rent houses and apartments would consequently be able to pass along this savings in the form of lowered rents. It could have a profoundly salubrious effect on the entire economy.” IfsWould BeAbleFormHouseChurchEconomyEffectsTaxesPropertySavingApartmentTaxationSavingsExemptionProperty Taxes Author:Madalyn Murray O'Hair
“I will promote savings and investment by maintaining the 15% rate on capital gains and dividends. I will eliminate the tax entirely for those with annual income below $200,000.” TaxesGainsInvestmentRateIncomeSavingMaintainingSavingsAnnualsDividendsCapital GainsSavings And Investment Author:Mitt Romney