“Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer to just spending what it can collect in taxes.” HomeGovernmentTaxesStandardsSellsSpendingPrivate SectorLiving Abroad Author:John Redwood
“Taxes will eventually become a voluntary process, with the possible exception of real estate - the one physical thing that does not move easily and has computable value. The US has a jump-start on the practice, in that 65 percent of local school funds come from real estate taxes - a practice Europeans consider odd and ill advised. But wait until that's all there is left to tax, when the rest of the things we buy and sell come from everywhere, anywhere, and nowhere.” DoeRealMovingValuesLeftWaitingProcessBusinessTaxesSellsFinanceExceptionEstatesPhysical Things Author:Nicholas Negroponte
“Those tax-exempt bonds were put in so that a town or a state or a government could sell more bonds than it ought to.” StatesGovernmentAmericaOughtTaxesTownsSellsTaxation Book:Will Rogers' World: America's Foremost Political Humorist Comments on the Twenties and Thirties--and Eighties and Nineties Source: Will Rogers' World: America's Foremost Political Humorist Comments on the Twenties and Thirties--and Eighties and Nineties
“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
“I got tired of my taxes paying for exciting little wars around the world. Then I discovered that when I died, my wife would probably have to sell our house to pay for the taxes in America.” WorldLittlesWarAmericaHousePayWifeTaxesExcitingDiedSellsTiredMy WifeAround The World Author:Terry Gilliam
“The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.” WayAbleInterestTaxesConsequenceIncreaseSellsRateAbsenceInevitableFundFedsPrintInflationDeficitPrintingRecessionsTreasuryInterest RateBuyersRunawayTax Increases Author:Doug Casey
“Generally, an indie film in the U.K. is put together much like in the states. We got a tax credit. You sell the domestic rights, which can be quite low, but it's enough to push you over the line. And you get a tax credit on top of that, and then you cobble it together with private equity or gap financing and things like that.” StatesEnoughTogetherFilmLinesRightsTaxesLowsSellsCreditGapsEquityFinancingPrivate EquityIndie Films Author:Noel Clarke
“[Barack Obama failed to sell a health care reform plan to American voters] because the utter implausibility of its central promise - expanded coverage at lower cost - led voters to conclude that it would lead ultimately to more government, more taxes and more debt.” GovernmentCarePlansPromiseCostTaxesSellsDebtReformBarackHealth CareVotersCoverageHealth Care ReformAmerican Voters Author:Charles Krauthammer
“In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.” RealValuesTurnsPayCenturyTaxesGainsSellsPropertyInvestmentDecadesEstatesTransactionsCapital GainsCapital InvestmentCapital Gains Tax Author:Michael Hudson
“If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.” IfsWealthPayTrumpTaxesGainsSellsIncomeFundWealthyRegisterIncome TaxHeirsAccountantsPaying TaxesOffshoreTrust Funds Author:Michael Hudson