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Taxes Quotes

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Taxes Quotes

“The stage I chose--a subject fair and free-- 'Tis yours--'tis mine--'tis public property. All common exhibitions open lie, For praise or censure, to the common eye. Hence are a thousand hackney writers fed; Hence monthly critics earn their daily bread. This is a general tax which all must pay, From those who scribble, down to those who play.”

Source: The poetical works of Charles Churchill: with memoir, critical dissertation, and explanatory notes / by the Rev. George Gilfillan

“I prefer an income tax, but the truth is I am afraid of the discussion which will follow and the criticism which will ensue if there is an other division in the Supreme Court on the subject of the income tax. Nothing has injured the prestige of the Supreme Court more than that last decision, and I think that many of the most violent advocates of the income tax will be glad of the substitution in their hearts for the same reasons. I am going to push the Constitutional amendment, which will admit an income tax without questions, but I am afraid of it without such an amendment.”

“Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.”

“To subject every private family to the odious visits and examination of the tax-gatherers ... would be altogether inconsistent with liberty.”

Would Be Liberty Subjects Taxes Examination Inconsistent

Book:An inquiry into the nature and causes of the wealth of nations

Source: An inquiry into the nature and causes of the wealth of nations

“Every tax, however, is to the person who pays it a badge, not of slavery but of liberty. It denotes that he is a subject to government, indeed, but that, as he has some property, he cannot himself be the property of a master.”

Persons Government Pay Liberty Subjects Masters Taxes Slavery Property Badges

Book:An inquiry into the nature and causes of the wealth of nations

Source: An inquiry into the nature and causes of the wealth of nations

“The Tax Court is independent, and its neutrality is not clouded by prosecuting duties. Its procedures assure fair hearings. Its deliberations are evidenced by careful opinions. All guides to judgment available to judges are habitually consulted and respected. It has established a tradition of freedom from bias and pressures. It deals with a subject that is highly specialized and so complex as to be the despair of judges. It is relatively better staffed for its task than is the judiciary.”