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Taxes Quotes

“The economy is still substantially that of the fur trade, still based on the same general kinds of commercial items: technology, weapons, ornaments, novelties, and drugs. The one great difference is that by now the revolution has deprived the mass of consumers of any independent access to the staples of life: clothing, shelter, food, even water. Air access remains the only necessity that the average user can still get for himself, and the revolution has imposed a heavy tax on that by way of pollution. Commercial conquest is far more thorough and final than military defeat.”

Source: The Unsettling of America: Culture & Agriculture

“Not surprisingly, extensive effort in Britain and America goes into finding tax shelter. the system is "efficient" for the shelter industry, not for the economy.”

America Effort Economy Industry Taxes Findings Britain Efficient Shelter Britain And America

Book:The Economic Illusion: False Choices Between Prosperity and Social Justice

Source: The Economic Illusion: False Choices Between Prosperity and Social Justice

“The money that we make from the company goes into The Body Shop Foundation, which isn't one of those awful tax shelters like some in America. It just functions to take the money and give it away.”

Giving Body America Company Taxes Function Foundation Awful Shops Shelter

Author:Anita Roddick

“You'll better understand the evil when top audit firms started selling fraudulent tax shelters when I tell you that one told me that they're better [than the others] because they only sold [the schemes] to their top-20 clients, so no-one would notice.”

Evil Taxes Selling Firm Shelter Schemes Clients

Author:Charlie Munger

“The lawyers have escaped most criticism [and undeservedly so]. The tax shelters [were approved by lawyers, who got paid huge commissions to do so] and every miscreant had a high-falutin' lawyer at his side. Why don't more law firms vote with their feet and not take clients who have signs on them that say, "I'm a skunk and will be hard to handle?" I've noticed that firms that avoid trouble over long periods of time have an institutional process that tunes bad clients out. Boy, if I were running a law firm, I'd want a system like that because a lot of firms have a lot of bad clients.”

“...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.”

People Trying Wells Long Done Would Be Causes Term Pay Mistake Too Much Advice Terrible Offers Taxes Standards Lifetime Oil Dumb Consideration Motivated Shelter Long Life Drills Really Dumb

Author:Charlie Munger

“If Trump and his team are able to lower the corporate tax rate to 15%, you look out. The left have told people that corporations are gonna hide the money or shelter the money or keep it for the CEO. They're not gonna give it away, they're not gonna sharing it, it isn't gonna trickle down. You watch.”

People Ifs Giving Looks Able Left Watches Team Trump Taxes Rate Corporate Corporations Shelter Ceo Old People Trickle Down

Author:Rush Limbaugh

“Mitt Romney has won the 2012 presidential nomination by promising Republicans that he would end a so-called 'culture of dependency' on welfare - welfare defined as 'free stuff' and food stamps for poor folks, not tax breaks for Big Oil or tax shelters for Bain executives.”