In this post, you will find great Tax Quotes from famous people, such as Doc Hastings, Kit Bond, Joe Manchin, Nigel Lawson, Arthur Laffer. You can learn and implement many lessons from these quotes.
I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.
Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
This is his solution: He said all we need to do is take your tax dollars, send them to Washington, have Washington take out its cut, having Washington then send it back to the states, have the states then go out and hire public employees. Does that make sense to you? Is that how to get the economy moving?
We have to reduce the tax burden, whether it’s income tax for corporations or private individuals, and we should put a freeze on property taxes.
I have never played the lottery in my life and never will. Voltaire described lotteries as a tax on stupidity. More specifically, I think, on innumeracy.
We have points in common with the FDP, particularly when it comes to tax.
A greater tax deduction for students is not a handout. On the contrary, it helps those who are willing to meet the challenges of higher education to invest in our collective future.
We’re going to look awfully stupid if we give income tax relief to people who do not pay income taxes.
Now this is a way to approach our healthcare problems: increase the number of tax collectors and decrease the number of doctors – brilliant!
I’ve had this underlying need to go to a place and meet people who are on the other end of the portion of my tax money that goes to fund the U.S. and other militaries.
In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations.
‘Simplifying’ the tax code is a priority mainly for people who make enough money to want to avoid paying taxes, and who make their money by means unorthodox enough to make avoiding taxes possible and desirable.
Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes.
We pass bills authorizing improvements and grants. But when it comes time to pay for these programs, we’d rather put the country‘s money toward tax breaks for the wealthy than for police officers who are protecting our communities.
What we need is fundamental tax reform.
Let us invest less and less in war and tax cuts for the richest 1 percent, and more and more in jobs and schools for the other 99 percent.
There are many people who think we should have zero tax on capital gains, interest and dividends for everybody, as – the very, very wealthy. But recognize that means that Bill Gates and Warren Buffett would pay no income tax at all. And some people say, ‘Well, that’s a good thing for growth of the economy.’
An energy tax punishes senior citizens, it punishes rural Americans, if you use electricity it punishes you. This bill will increase your cost of living and may kill your job.
What I want to do is make certain that no one’s taxes go up. Let’s look at cleaning up the tax code.
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
And I have to tell you as a grandmother, I worry about the fact that my grandchildren are going to be paying for all the spending, including military spending, that has gone on and the tax cuts that have come through.
People really have to believe in their tax system. They have to believe that there is an equitable distribution of the burden, but there is also an important investment based upon the potential achievements that come from us paying our taxes.
I still believe a majority of Republicans are for income tax cuts.
Of course, I have a different vested interest in the gay community, because I am gay, and I would certainly enjoy the tax advantages that straight people have, and the inheritance advantages, and things like Social Security, but I’ve always been a civil rights advocate across the board. That’s how I was raised.
The Tax Code today is more complicated than ever, and the very people on the Republican side who denounce the Tax Code’s complexity are the ones that put together what they now call a convoluted monstrosity. They put it into effect.
If you don’t get spending under control, eventually you’re going to have a big tax increase.
Our best days are in front of us. We can reform those entitlements, we can change that corporate tax code and lower it. We can put America back on track on a growth level and a growth rate that we’ve never seen in the history of this country.
I’m a different kind of Republican. I’ve introduced a five-year balanced budget. I’ve introduced the largest tax cut in our history. I stood for ten and a half hours on the Senate floor to defend your right to be left alone.
There was a council house waiting for me when I had Ryan, there was a welfare state. I never put into the system before I took out, I was on income support before I’d even paid a penny of tax.
I hope people understand that when you tax corporations that the concrete and the steel and the plastic don’t pay. People pay. And so when you tax corporations, either the employees are going to pay or the shareholders are going to pay or the customers are going to pay. And so corporations are people.
I’d rather see the tax for innovation reduced rather than expanded.
I don’t support any increase in income tax rates.
This is absolutely bizarre that we continue to subsidize highways beyond the gasoline tax, airlines, and we don’t subsidize, we don’t want to subsidize a national rail system that has environmental impact.
My own feeling is that one should refuse to participate in any activity that implements American aggression – thus tax refusal, draft refusal, avoidance of work that can be used by the agencies of militarism and repression, all seem to me essential.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man’s tax. Corporations don’t even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
Listen, I think what’s best for the economy and to create jobs is to extend all of the current tax rates – for all Americans. It – it begins to reduce the uncertainty. And for small businesspeople, they can look up and begin to plan.
President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.
In a perfect world we would bring corporate tax rates down to 25% or less so we can get competitive in the world economy. Ultimately, I would love to see a flat tax.
Tax reform has been a congressional priority for decades. It should be a bipartisan issue. I don’t know why anyone in Congress would want their constituents to pay more.
The death tax robs parents of the opportunity to pass something along to their children, and it is responsible for destroying a lot of family-owned businesses.
The danger I faced was not accepted as reasonable grounds for deferring my tax payments, as authorities, who despite being told all of this, still chose to pursue action against me, as opposed to finding an alternative solution.
I say just put a big fat tax on carbon.
My healthcare plan puts more money into average families’ pockets than the Bush tax cuts… He’s got a lousy tax cut. It’s only good for the super wealthy. I’ve got a tax cut that will help ordinary people.
In Washington, we’ve seen enough tax hikes, government takeovers, bailouts, and other big government solutions under Speaker Pelosi’s control.
There are several reasons to oppose tax increases. First, every dollar of tax increase is a dollar you didn’t get in spending restraint. Two, if you walk into the Democrats’ Andrews-Air-Force-Base, Lucy-with-the-Football trick for the third time in a row – they don’t have have a saying for being fooled three times!
You’ve got to either say you’re going to cut taxes and find some spending cuts. I think we ought to reform long-term entitlement spending in the country, but you can’t out of one side of your mouth say, ‘Yes, we’re for tax cuts, we’re for spending discipline, and we’re for bringing down the debt.’
The American people I talk to don’t spend every moment thinking, ‘How can I tax my neighbor more than they’re being taxed?’ They say, ‘How can I get a good job? How can my kids get good jobs? How can seniors have a confidence in their future when they know that Social Security, Medicare and Medicaid are bankrupt?’
Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.
I am outraged that a House member has tried through this provision to breach the traditional confidentiality of individual Americans’ tax returns. There is no reason for this measure, and this last-minute act violates all principles of judgment and common sense.
I employed my wife for three years to sit in the attic and type up my autobiography, 700 pages, organise everywhere I go. I’m paying the normal rate of tax on the money I take out for myself.
Making the tax cuts permanent will continue to grow the economy, create jobs, and put more money in the pockets of the hard-working families of Pennsylvania.
The tax laws are written by men with considerable net worth, and with little understanding of what wage-earners must do to make ends meet.
You know, gentlemen, that I do not owe any personal income tax. But nevertheless, I send a small check, now and then, to the Internal Revenue Service out of the kindness of my heart.
Tax cuts should be for life, not just for Christmas.
The Clinton tax increase – which was an increase in taxes primarily on upper-income people – not only made the tax code more nearly progressive, it preceded one of the most productive economic periods in American life.
I think the first thing we should do is abolish the income tax.
Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.
I am and will remain a tax resident in France and in this regard I will, like all French people, fulfill my fiscal obligations.
As American taxpayers know too well, the tax code is incredibly complex and compliance is all to expensive.
If something looks like a tax avoidance scheme, then that’s probably what it is – and there’s lots of clever people working day and night to close them down.
You can’t be evangelical and associate yourself with Jesus and what he says about the poor and just have no other domestic concerns than tax cuts for wealthy people.
All sensible politicians favor growth, just as we all favor sound public finances. Both can be achieved if we rationalize spending, invest available resources wisely, and clamp down on tax evasion.
Tea Partiers hate government more than they hate the national debt. They refuse to reduce that debt with tax increases, even with tax increases on the wealthy, because a tax increase doesn’t reduce the size of government.
One of the great constraints on economic growth and employment is that the tax and benefits system has grown up over generations and does not give the right incentives. Increasing the minimum wage does not solve this problem.
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.
Fairness has not been enhanced by the tax code, but lobbyists have been made rich, politicians have been re-elected, and the economy has been made to suffer.
Whatever you tax, you get less of.
We vetoed five income tax increases during my time as governor. We cut business taxes $2.3 billion, and we cut regulation by one-third of what my predecessor put in place.
If someone knows of a job creator anywhere in the world that’s looking for a high, complex tax environment or looking for a high regulatory environment, I would like to meet them because I have yet to meet a job creator that’s looking for that, and that’s what we have.
Unlike every other retirement vehicle, such as IRAs and 401(k)s, you receive a tax deduction for making contributions to your HSA but don’t have to pay income taxes on withdrawals.
Along with Senator Lieberman and others, I introduced the Energy Security Bill to use existing technologies with a variety of tax incentives to reduce our dependence on oil.
Obama broke his no-new-taxes pledge 15 days after he took office when he signed legislation on Feb. 4, 2009 raising the tax on cigarettes 158 percent – 62 cents per pack.
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors‘ costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
I’m being told it saves money to shoot in Toronto, because of tax benefits, the crews are cheaper, but what I save in the bottom line, I lose in a million other ways.
There were 23 or 24 separate tax cuts during the Giuliani administration. I’d love to be able to equal that.
I think that Governor Romney operates on the capital gains tax, his investments, what he lives off of instead of doing it off of his income.
The Tort Tax adds to the cost of everything we buy because businesses and manufacturers have to cover themselves and their employees – just in case they get sued by a greedy personal injury lawyer.
If the Republican Party continues to take the view that there must be no tax increases, we’re stuck. Capitalism can’t work without safety nets or fiscal prudence, and we need both in a sustainable balance.
We Liberal Democrats don’t believe we should use the tax structure to champion just one type of family.
The Business Profits Tax, which is imposed on in-state businesses, we need to impose the same thing on out-of-state businesses, because the way the Business Profits Tax is calculated, it is highly dependent on how much sales and profits are generated in-state.
I have no interest in becoming a tax exile and living somewhere I don’t want to – I just want to be at home with my family.
Rather than squander the surplus on tax breaks for the rich, we should add a prescription drug benefit to the Medicare program, shore up Social Security, fortify our defense, provide a quality public education and offer economic assistance to rural areas.
These kids understood what is not immediately obvious; that they were going to pay the bills for tax cuts that had been passed today or in the last 4 years, and for the war in Iraq, because essentially we are borrowing money to do those things.
I can understand where the oil company wants to deduct the cost of drilling a well. That’s one of the tax breaks for oil companies – the subsidies – they get to deduct the cost of the well the year you drill.
Facebook is not a physical country, but with 900 million users, its ‘population‘ comes third after China and India. It may not be able to tax or jail its inhabitants, but its executives, programmers, and engineers do exercise a form of governance over people’s online activities and identities.
I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we’ve made overseas back into the country without heavy penalties. And if that happens, I think that would be very good for the market and all of that.
Over the past two years, the House has passed more than 50 measures focused on stimulating the economy and expanding opportunities for American workers. The tax relief provisions in this package have been an important part of our pro-growth agenda.
No sane person enjoys paying tax… money, after all, is a very nice thing to have. But it’s the price we all pay for so many vital things in this country – and those of us lucky enough to have a bit more should be proud to be paying a little bit more as well.
Businesses large and small shouldn’t have to check the expiration date of a tax provision to see if it’s still good.
The Court’s majority holds that the Establishment Clause is no bar to Ohio‘s payment of tuition at private religious elementary and middle schools under a scheme that systematically provides tax money to support the schools’ religious missions.
I still pay full tax when I work in England and the same when I work in America.
The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody’s tax returns in the band, was the decision I made to leave the music business on economic grounds.
Obama and the Democrats’ preposterous argument is that we are just one more big tax increase away from solving our economic problems. The inescapable conclusion, however, is that the primary driver of the short-term deficit is not tax cuts but the lack of any meaningful economic growth over the last half decade.
The childcare tax credit makes some sense.
I wish that the Democrats would put some effort into Social Security reform, illegal immigration‘s reform, tax reform, or some of the other real issues that are out there.
The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.
I have advocated an entirely different approach than cap and tax, which would be worldwide in application and which emphasizes technology as a way of reducing total emissions.
The tax issue is the most powerful issue in American politics going back to the Tea Party.
When liberals advocate a value-added tax, conservatives should respond: Taxing consumption has merits, so we will consider it – after the 16th Amendment is repealed.
We all want a simpler code, but tax reform is about much more. It is about ensuring that everyone pays their fair share. The tax code is also used to promote behavior that we as a nation support, such as home ownership or charitable contributions.
All economies are structured differently – the tax systems, the regulatory systems, the federal systems – and that is as true of Australia and the United States as it is of Australia and Germany and the U.K.
Spending and tax cut decisions must be both fiscally responsible and fair to our working families. I believe that fiscal responsibility is the way to create prosperity for America and secure the retirement of America’s seniors.
In the European context tax rates are high and government expenditure is focused on current expenditure. A ‘good’ consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
Accounting for the unpaid care economy can drive progressive policies such as paid family leave, social security credits for early childcare, tax credits, and quality early childhood education.
Every time in this century we’ve lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.
It is my hope that by reducing the tax burden on small business owners that we can help them grow their businesses and, in doing so, create jobs.
In Greece, Italy and, to a lesser extent, France, unsustainable tax cuts and spending sprees added to households’ estimates of their private wealth relative to their wage income.
In these times of the ‘Great Recession’, we shouldn’t be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don’t. I find it patriotic.
Tax reform is taking the taxes off things that have been taxed in the past and putting taxes on things that haven‘t been taxed before.
If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don’t just say, ‘I’m not going to file.’ There are ways to deal with these things, but you must communicate with your creditors, whether it’s a credit card company or tax department.
You walk into any supermarket or any shopping mall and ask the public what they are worried about. Not one of them will tell you they are worried about 12 years of Mitt Romney’s tax returns.
Rather than undermining the Palestinian Authority, it is in Israel‘s interests to strengthen it by… continuing to transfer Palestinian tax revenues and pursuing other avenues of cooperation.
I remember how, back in the 1980s, the Scottish Flow Country became an object of bemused controversy as rich celebrities and businessmen from south of the border acquired great tracts of this vast wetland in the far north in order to plant non-native conifer plantations that attract hefty tax breaks.
We want taxpayers, not tax wasters.
The move to tax Internet sales, clothed as a ‘fairness’ issue, is the typical ‘wolf-in-sheep’s-clothing’ ploy so often used by governments unwilling to cut expenditures to match revenues. It matters not whether its proponents have a ‘D’ or an ‘R’ after their name. It is a tax increase in either case.
The power to tax is the power to destroy.
The Obama administration’s large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.
We’ve been able to access deals that under our former relationship with Disney – with tax advantages and strategic partners – that we just weren’t able to do.
I’m interested in giving business an opportunity by improving the tax environment to invest and grow with Pennsylvania, to expand and put more money in capital investment and creating jobs.
A tax cut to compensate for a tax increase is not a cut – it’s a con.
Lotteries, a tax upon imbeciles.
Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It’s fair.
It’s easy to have strong, visceral feelings about disrespecting America. It’s harder to get passionate about tax law.
It would be a tragic mistake for Congress ever to adopt any public or tax policy which encourages mothers to assign child care to others and enter the labor force.
A consumption tax, a national sales tax makes some sense. But I think that if we move towards a Fair Tax, if we move towards a national sales tax, we have to make sure that we do away with the income tax.
Tax time is the perfect opportunity to jumpstart your spring-cleaning by tackling your financial to-do list.
If you buy something online, you’re supposed to pay a use tax.
I’m anti-tax, but I’m pro-carbon tax.
The Democratic Party is made up of trial lawyers, labor unions, government employees, big city political machines, the coercive utopians, the radical environmentalists, feminists, and others who want to restructure society with tax dollars and government fiat.
Tax policy is not about compassion.
When Republicans used reconciliation in 2001 for the Bush tax cuts, they used it to increase the deficit. The whole purpose of reconciliation is for deficit reduction!
With my support, the House of Representatives recently voted to permanently repeal the death tax so that family farms and businesses can be passed down to children and grandchildren.
Why not just eliminate the federal income tax?
To tax the community for the advantage of a class is not protection: it is plunder.
Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America’s entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
You don’t need to raise taxes on rich people, because they create capitalization and investment. But you need to tax speculation – meaning capital gains.
I’ll tell you who doesn’t have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.
I’d like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax.
How we fund transportation in this country is broken. You all pay a gasoline tax, right? Well, cars go farther, we get electric cars, and so on. And then we do more with the money than just build roads. We do bike lanes and mass transit.
Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen’s compensation, health care benefits, welfare, you name it.
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary‘s. In fact a very small percentage of people in this country pay a big chunk of the taxes.
I think people have a legitimate right to minimise their tax obligations if they can, but they should pay their fair whack. I do think it’s important to be transparent.
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can’t afford it. And I refuse to renew them again.
I have no tax breaks or corporate interests to be supported by Barack Obama.
When you talk about a ‘broad-based business tax,’ that’s a pretty broad term. I don’t know what that means. But it’s not something I would be supportive of.
I strongly support extending current student loan interest rates and increasing the college tuition tax credit for students and their families.
Corn is already the most subsidized crop in America, raking in a total of $51 billion in federal handouts between 1995 and 2005 – twice as much as wheat subsidies and four times as much as soybeans. Ethanol itself is propped up by hefty subsidies, including a fifty-one-cent-per-gallon tax allowance for refiners.
Temporary tax cuts don’t create permanent confidence, nor permanent jobs.
Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired.
When giant companies wanted more tax loopholes, Washington got it done. When huge energy companies wanted to tear up our environment, Washington got it done. When enormous Wall Street banks wanted new regulatory loopholes, Washington got it done. No gridlock there!
I got five kids – I claim three for income tax purposes.
Will some reporter, or some Republican on the Sunday shows, please ask why tax cuts raid the non-existent Social Security Trust Fund but all the Democrats’ new spending doesn’t? Will someone please ask that?
Apparently there are some Democratic leaders in the Senate that are running for office who now believe in tax cuts.
Bush the Elder’s stature as president grows with every passing year. He was the finest foreign policy president I’ve ever covered and a man who defied his party on tax increases while imposing budget restrictions on the Democrats.
Voters did say ‘repeal health care’, they did say ‘reduce the size of government.’ But not a single one of them from the tea party or anywhere said ‘give tax breaks to the wealthiest.’
The key players are now all in place in Washington and in state governments across America to officially label carbon dioxide as a pollutant and enact laws that tax us citizens for our carbon footprints.
The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform.
If people buy my books for vanity, I consider it a tax on idiocy.
I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates.
I’m a conservative. I believe in the idea of freedom and liberty, but more importantly, look at my voting background. I voted against bailing out Wall Street. I voted against, never voted for, a tax increase.
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it.
Tax dollars intended for science education must not be used to teach creationism as any sort of real explanation of nature, because any observation or process of inference about our origin and the nature of the universe disproves creationism in every respect.
Why is it that if you take advantage of a corporate tax break you’re a smart businessman, but if you take advantage of something so you don’t go hungry, you’re a moocher?
I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.
America’s got quite reasonable tax rates from an employee point of view.
Giving someone a one-time stimulus check, or a one-time tax cut that expires doesn’t allow the predictability that business needs.
Obama wants to take the individual small business tax to 44 percent, and the corporate rate – he says – down to 28 percent or whatever. But that really damages the small businesses. And it doesn’t make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.
I think the Bush tax cuts should be made permanent.
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we’re prepared to make a commitment today to bring down our future deficits.
The Stamp Act was a direct tax imposed on the colonies by King George III. This act inevitably led to the American Revolution. Just as the Stamp Act did in 1765, Obamacare should act as a wake-up call. Chief Justice Roberts provides us with a similar call to action.
Others like City Hall the old way, when they could make deals behind closed doors with your tax money.
I say I don’t need a tax cut. It will not do me any more good. I can’t buy more, I can’t eat more, I can’t do more, and I want it distributed among the ordinary people who work every day.
In 2001, Republicans used reconciliation to pass President Bush’s $1.35 trillion tax cut that mainly benefited the wealthy.
That’s the biggest problem, is the tax code itself.
I’m very grateful I went to school to study law, particularly tax law, which really is interesting to me and very useful to me now with my position. Music, however, will always be my number one passion; I like how it connects everyone.
I have said consistently both in my papers and in my speeches – which you heard in the primary campaign – that I will continue to phase out the Capital Stock and Franchise tax.
And it would be fair. Everyone will pay the same tax and it will eliminate tax cheaters and corporate shenanigans.
I really do believe most people understand raising tax rates is bad for the economy, it costs jobs. It actually in the long term undermines revenue.
A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues.
The death tax is unfair, inefficient, economically unsound and, frankly, immoral.
The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.
Finally, the House is working to require a comprehensive federal review of IRS regulations with a follow-up report to Congress on possible actions to reduce the tax paperwork burden imposed on small businesses.
The hardest thing to understand in the world is the income tax.
At the same time, Republicans are pushing a $70 billion tax package that will overwhelmingly benefit the most wealthy Americans and actually increases the deficit by $16 billion.
The total funding of SETI (the Search for Extraterrestrial Intelligence) in the U.S. is 0.0003 percent of the tax monies spent on health and human services. And it’s not even tax money. The SETI Institute‘s hunt for signals is funded by donations.
Why do tax havens exist? Because rich countries allow them to. If the U.S. came down on tax havens in the same way they come down on countries that trade with Iran and Cuba, we’d have no tax havens in the world.
While restoring a sense of fiscal discipline to Congress is a top priority, infrastructure spending is an important and necessary task of government. Our nation’s long-term debt requires us to prioritize and economize with every tax dollar.
For my constituents, owning a home is the culmination of many years of hard work and the realization of the American Dream. At no time should a local entity take those years of hard work solely to increase their tax revenue.
A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.
Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.
The Affordable Care Act‘s requirement that certain individuals pay a financial penalty for not obtaining health insurance may reasonably be characterized as a tax.
And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.
We have come to expect campaigns to be mean and stupid and politicians to be unresponsive, self-seeking and for sale to the highest bidder. We make jokes about our vice president, and all we ask of a president is that he be likeable. We seem to have given up on the Pentagon‘s corrupt use of our tax dollars.
I think there’s been a decline in the public’s access to what’s being done with their tax dollars, what’s being done in their name. I hope that that will be repaired.
We’re going to do tax reform to let people keep more of what they earn, grow an economy, and be able to save for your children’s future and buy a new house.
I have always paid income tax. I object only when it reaches a stage when I am threatened with having nothing left for my old age – which is due to start next Tuesday or Wednesday.
Either we leave our descendants an endowment of zero poverty, zero fossil-fuel use, and zero biodiversity loss, or we leave them facing a tax bill from Earth that could wipe them out.
Texas has no income tax, which is a big draw for corporate executives who do business there. But it’s hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.
For every day the government is shut down, it should be that we don’t have to pay income tax that day because they’re not working.
Tax should be the same for everybody.
I will never support any tax increase on middle-income earners, ever… If you’re not going to eliminate loopholes and exemptions, then I wouldn’t support lowering rates.
If you are doing well, your business will pay more in tax; if you’re not doing well, you pay less.
More and more political analysts and weak-kneed politicians are advising the historically pro-life Republican Party to abandon its pro-life stance for political gain. My first response is that if you cannot trust a party on the value of defending human life, how can you trust it on issues like marginal tax rates?
I was an international tax specialist. Yeah, I was an international man of mystery and tax specialist.
Moreover, from reforming the tax code to our immigration system, to commonsense legal reform, President Bush put America on notice that he will continue fighting to make the country, and the world, a better place for future generations.
The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.
When I started to pay income tax, I was 50 years old.
I’m a conservative and I believe if you tax something more you get less of it.
Every time you have a new tax, or every time you have to pay really an inordinate amount for a regulation, it’s really stifling this country and really stifling American business.
Yet, individuals and corporations in Puerto Rico pay no federal income tax.
‘Obama and Biden want to raise taxes by a trillion dollars.’ Guess what? Yes, we do in one regard: We want to let that trillion dollar tax cut expire so the middle class doesn’t have to bear the burden of all that money going to the super-wealthy. That’s not a tax raise. That’s called fairness where I come from.
It is irresponsible for this Congress to not investigate the President’s lack of an exit strategy, and the fraud, waste, and abuse of U.S. tax dollars.
Where is the politician who has not promised to fight to the death for lower taxes- and who has not proceeded to vote for the very spending projects that make tax cuts impossible?
Green policy is about triggering a shift to a cleaner way of doing things. To be effective, it needs to incentivise the right behaviour, for example through tax breaks, and that needs to be paid for by disincentives on polluting behaviour.
Today’s tax cuts provide yet another illustration of the Republicans’ fiscally irresponsible economic policies that ignore the needs of America’s middle class, students, and working families.
Look, only in Washington is not raising taxes considered a tax cut. Nobody’s getting a tax cut here. We’re not cutting taxes. We’re preventing tax increases from occurring.
It’s the old Washington fiscal game of Jenga. You try to build as much debt as you can take, as much tax as you can take, until you topple the entire economy.
In my view, until the U.S. tax policy is revised, not just tax extenders but the reform of tax policy, it makes it very attractive for us to invest on acquisition overseas.
I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.
Here’s the problem if you keep raising tax rates: You slow down economic growth.
A Democratic president should propose a major permanent tax reduction on the middle class and working class. I suspect most of the public would find this attractive.
I’m spending a year dead for tax reasons.
We not only heard it before 20 years ago, before George Bush in 2001 passed his tax relief, before in 2003 the tax relief were past, we were told they were dead. Before we provided prescription drugs for Medicare, we were told it wasn’t going to happen.
Well, you know, we’ve got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.
If we completely repealed the estate tax, it would provide an estimated $32 billion tax break for the Walton family – the founders of Wal-Mart.
Tax reductions are usually simpler and less distortive. I’m certainly willing to look at getting rid of tax deductions/credits, and go to dramatically reduced rates.
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.
I’ve got people handling the media. I employ at the moment two people. No-one is paying income tax on the money they use to employ people.
It’s really a question of fairness and what kind of country we’re going to live in. There are 22,000 people making over $1 million. They’re paying an effective tax rate in the teens. As Warren Buffett said, he pays less in taxes effectively than his secretary does. That’s not right.
At the heart of the Irish economy has always been the philosophy of tax competitiveness. On the cranky left, that is very annoying; I can see that.
Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.
Fear is the tax that conscience pays to guilt.
If, if more stimulus means more tax cuts to small businesses, if, if more stimulus means middle class tax cuts, then I’m for it.
Every tax or rate, forcibly taken from an unwilling person, is immoral and oppressive.
What good will a tax break do me if I’m crippled for life?
Food redistribution is one of the best win-win solutions for food waste avoidance. Food companies can often save money by donating food rather than paying the £80 or so per tonne in landfill tax and disposal costs.
I think that for the next short period of time, our No. 1 priority is Congress needs to do its work and extend the payroll tax cut.
I’m a registered independent. I don’t really believe in political parties. Bottom line: Mitt Romney’s tax policy helps me. But I can’t stomach seeing somebody go hungry or somebody not being able to get an education because I want more. So, I’m supporting Barack Obama.
I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all.
Give tax breaks to large corporations, so that money can trickle down to the general public, in the form of extra jobs.
And you can’t have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can’t be done.
The Bush tax cuts should be extended permanently for families with annual incomes of less than $250,000 and should be phased out slowly for those making more than that. Raising taxes on anyone now, when the economic recovery is so fragile, would be a mistake.
Look, I’m very much in favor of tax cuts, but not with borrowed money. And the problem that we’ve gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don’t think we can play subtle policy here.
President Obama has admitted that Medicare is on an unsustainable course and that no amount of tax increases can fix it.
We are committed to doing trade, tax reform, infrastructure. All we need is someone that wants to work with us.
I’ve never supported a wage tax and I’ve never supported a payroll tax.
The tax issue is the most powerful issue in American politics going back to the Tea Party. People say, ‘Oh, Grover Norquist has power.’ No. Grover Norquist and Americans for Tax Reform focus on the tax issue. The tax issue is a powerful issue.
The middle class should not continue to foot the bill for tax breaks for millionaires and billionaires.
Reagan has turned America into a tax haven.
I used to be a retailer, and I find it discouraging when somebody comes in and they pick something up and they say, ‘Now if you’ll sell it to me without the sales tax, I’ll buy it.’
We should try to ensure that everyone has a fair opportunity to find a great life. It’s a quest that will require political will and ingenious policies. President Obama’s proposed expansion of the earned-income tax credit goes in this direction, but we need more.
There are some tax expenditures that are there for very obvious and very important and very good policy reasons. Whether it’s the charitable deduction or the deduction for homes, it’s not a loophole.
Stupider than France is not where we want to be on tax policy.
People are not really interested in what politicians talk about, but what they are really interested in is how their hard-earned tax money is spent.
Tax cuts create more jobs and this is something we as Republicans have to do a better job of marketing.
It is my belief that tax credits only go to people who are making money, and they generally keep it.
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it – as proposed by President Barack Obama. This would cut the fiscal drag by almost half.
And my response is 70,000 people in the state of Maine that paid income tax in 2011 will not be paying income tax in 2012.
Tax reform is a once-in-a-generation opportunity.
The platform we had in Dallas, the 1984 Republican platform, all the ideas we supported there – from tax policy, to foreign policy; from individual rights, to neighborhood security – are things that Jefferson Davis and his people believed in.
Something got screwed up in terms of your priorities if you think it’s more important to get rid of the dividend tax than it is to take care of 11 million kids.
Republicans are not going to play I-told-you-so, but it is pretty obvious that the tax reductions passed in 2003 helped Americans dig out of a recession and get back to work.
Brick and mortar businesses – and the communities that depend on them – cannot continue to bear an unfair sales tax burden from which their on-line competitors are effectively exempt.
I want to live a good life and pay my taxes. ‘The Killing’ was a blessing. It was two wonderful years. But I had reached a point in my life, especially with a young son, that I was no longer willing to compromise my life for the sake of a paycheque. I was no longer willing to move where the tax credits are strong.
Out of one pocket we pay billions of our tax dollars to support the production of expensive, disease-causing foods. Out of the other pocket, we pay medical bills that are too high because our overweight population consumes too much of these rich, disease-causing foods.
We shall tax and tax, and spend and spend, and elect and elect.
Conservatives have long been suspicious that Romney isn’t truly one of them. The release of his tax returns should settle the matter once and for all: He’s not only to be accepted, but admired and emulated – and by liberals as well as conservatives.
The only thing that hurts more than paying an income tax is not having to pay an income tax.
Under Obama, our federal tax dollars can now be used to fund abortion all over the world. With the stroke of a pen, abortion essentially became a U.S. foreign export.
No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised, whether it’s their capital gains tax, their income tax, investment tax, any tax.
If you increase taxes now on – at any level, it’s going to make it harder to create jobs And we’ve lost 2 1/2 million jobs since the stimulus package passed. We’re at 9.6 unemployment. So I don’t think we tax too little, I think we spend too much.
We need to stop kicking the can down the road and rethink our entire tax system toward long-term, comprehensive tax reform.
If the government ever imposes a tax on books – and I wouldn’t put it past them – I’m in dead trouble.
The corporate right fires up the religious right against gay marriage and abortion and uses their votes to push their deregulation and tax cuts for the rich. It’s an old trick. The House of Saud has the same arrangement with the Mullahs in Saudi Arabia.
Government spending is being restrained, the economy is making progress and moving forward, and the pro-growth, tax cutting policies put in place have allowed businesses to grow, which has brought in additional tax revenue to help pay off the debt.
I have never voted for a tax increase.
Corporations must pay tax.
We have lost certainty and predictability in the regulatory and tax climate in America, and this is why we’re recovering so slowly.
Scratch the surface at conservative think tanks and universities that house free-market economists, and it’s not hard to find proponents of a carbon tax.
I am the candidate of tax cuts, repealing Obamacare, repealing Dodd-Frank, letting the markets work, coming up with patient-and-doctor-centered healthcare solutions instead of more big government – and just generally getting government off the backs of small businesses.
We shouldn’t be undermining Medicare for those who need it most in order to give more tax cuts to those who need them least.
The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment.
History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.
All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted – the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires – virtually none.
My goal in getting rid of tax loopholes is not to raise taxes. Our problem in Washington, D.C. is not a revenue problem, it is a spending problem.
I think we need a very, very serious effort, primarily through tax policy to provide incentives and encouragement for people to save and invest and expand their businesses and to create more jobs. The kind of thing we did in the early Reagan years, 30 years ago. I think that’s essential.
A flat-rate poll tax would be politically unsustainable; even with a rebate scheme, the package would have an unacceptable impact on certain types of household.
Portland is a really great city, especially because I’m a shopper and there’s no sales tax! That really adds up so fast, because in California, a $1000 pair of shoes ends up costing another $100.
We spend millions of dollars every year just for the right to pay our taxes, but once again, do we really need to do that? Why don’t we simplify it? And I’ve certainly looked at fair tax, I’ve looked at flat tax, and if I get to the U.S. Senate, I’d like to review that.
I think they got caught up in how much money they could get from each of the city governments as far as tax rebates. But that stuff works when you make money. It’s a little bit phantom money.
The real problem in Greece is not cutting taxes, it’s making sure that we don’t have tax evasion.
The gasoline tax is a user fee, but it does not fill enough of the need, and you want cars to be more efficient.
It is easy to talk about tax simplification, and we all know it is very difficult to accomplish; but for the last three Congresses, I have offered a tax simplification bill that would include a paid-for repeal of alternative minimum tax.
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.
It is all very well and it sounds very seductive to say we are going to have harmonisation of regulations, but for example the way that funds are distributed around the states these days, you are positively penalised if you actually want to have say a lower payroll tax or sort of conditions.
The problem with wanting the tax code to be ‘simpler, fairer,’ and ‘pro-growth’ is that it’s impossible to achieve all three at the same time.
I would like to electrocute everyone who uses the word ‘fair’ in connection with income tax policies.
Tax cuts are like sex: When they are good, they are very, very good. And when they are bad, they are still pretty good.
The bottom line is we need a tax code that is more simpler, that is more fairer, that gets rid of the special carve-outs, the special lobbyist loopholes. That’s the direction we need to go.
We all know what the problems are: it’s tax and spend. One party will tax and spend, the other party won’t tax but will spend. It’s both of them together.
Let me announce this to the American people tonight one of the best things about this debate, as a Democrat from Massachusetts, I have proposed eliminating, getting rid of the alternative minimum tax.
Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it’s been sent to India or another country.
Effective tax credits are used to create jobs and grow our economy. But tax credits that aren’t delivering for Missourians must be retooled and reformed.
Now, I do think when we move into 2012 and ’13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
I live in Vermont, and we don’t have a tax incentive there, and therefore, we don’t have professional crew there.
The tax incentives in place for ‘House of Cards’ in Maryland have resulted in hundreds and hundreds of jobs and not just for actors, but for carpenters and waitresses and hotel workers. The amount of hotel nights and meals that the production of a television series brings to a state is staggering.
The income tax created more criminals than any other single act of government.
I am not in favour of the takeover of excellent and strategically important British companies by struggling foreign firms whose actions are fuelled by tax avoidance, and who want to asset-strip the intellectual property of the British company and then dismember it.
I’d think people would want me to follow the law and pay only what the tax code requires.
Schools alone are not to blame for underachievement. The breakdown of the family, poverty, and decaying cities with eroding tax bases have made a good public school education nearly impossible in many parts of the country.
If you want to leave move money in the hands of poor people, you cannot do it through personal income tax cuts. You have to just give them money.
Society has to get a grip and put a tax on carbon. Of course, there is much that flows from that, and it is a complex situation. The small details of something such as climate change are political and social, and they are a lot about fairness and how we rebalance towards a fairer society.
To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.
Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.
It is day after day in this institution, borrow money, run up the debt, run up the deficits and then with a straight face say, we are going to repeal a tax that affects 1 percent of the American people, just 1 percent of the American people.
My only concern about art collaborations is that I never thought of myself as an Artist. My tax forms say Musician/Songwriter.
We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.
Why is it that half of the households in America pay zero income tax? We need some real tax reform.
I believe our health care system is in drastic need of innovative, patient-centered reforms that encourage competition and increase consumer choice, not the bloated bureaucracy, tax increases, rationing, and mandates in the president’s government takeover.
What I usually do is hoard money – I accumulate as much as possible in the fear of not having enough to pay tax.
When companies are trying to find a state to locate a new business or factory, they look at a number of factors – including tax structure, employment base, infrastructure, education system, etc.
