“I have a lot of respect for President Obama. I consider him a friend. I disagree with him on issues like the extension of tax breaks that Bush initiated. But I think history will judge a President Obama a lot better than many other contemporaries, given the fact that he came into office at a time when this country was in terrible, terrible shape.” ThinkingCountryFactsGivenPresidentBreakIssuesJudgingTerribleShapesTaxesOfficeDisagreePresident ObamaExtensionsTax Breaks Author:Bernie Sanders
“[The poll tax] was a classic case of a good idea being entrusted to Chris Patten and becoming a terrible failure.” IdeasCasesBecomingTerribleTaxesClassicGood IdeasPolls Author:Norman Tebbit
“Now, Social Security through the years, for many many people, has been a terrible investment. It's really a tax, that's all it is. Social Security is a tax.” PeopleYearsHas BeensSocialSecurityTerribleTaxesInvestmentSocial SecurityThrough The Years Author:Todd Akin
“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
“The medical device tags that are being used [in the USA] are a terrible mistake. Why are we taxing people for trying to save lives and trying to make lives better, make peoples lives healthier? Those taxes should be placed on alcohol, tobacco, junk food, guns. Those are all the things that destroy health.” PeopleShouldTryingUsedMistakeTerribleTaxesGunAlcoholMedicalUsaDevicesJunkTobaccoTagSave A LifeJunk Food Author:Bill Walton
“...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.” PeopleTryingWellsLongDoneWould BeCausesTermPayMistakeToo MuchAdviceTerribleOffersTaxesStandardsLifetimeOilDumbConsiderationMotivatedShelterLong LifeDrillsReally Dumb Author:Charlie Munger
“We [the USA] have a $16 trillion debt which these tax increases will do nothing to solve and you will have at least 200,000 less jobs next year than you have now. And the people who vote for that will be responsible for that decision and they will held accountable for that terrible public policy.” PeopleYearsJobsNextDecisionPolicyTerribleTaxesVoteIncreaseResponsibleSolveDebtUsaNext YearBeing ResponsiblePublic PolicyTax Increases Author:Marco Rubio
“f the government is going to put money into the automobile sector, it should break up GM and Chrysler as a condition of financial aid, and it should be even-handed in its treatment of start-up firms like Tesla, Miles, Fisker, and others. It would be terrible to kill the entrepreneurs who have taken great risks to bring new automotive technologies to market by pumping tax dollars into the behemoths that have done everything wrong for the last years.” ShouldYearsDoneGovernmentWould BeLastsBreakTechnologyTakenRiskConditionsTerribleTaxesDollarsEntrepreneurFinancialAidsMilesFirmTreatmentLast YearAutomobileGreat RiskTeslaTax DollarsChryslerBehemothFinancial Aid Author:Denis Hayes