Income Tax Quotes - Page 5

• You can't legitimately kick on income tax, for it's on what you have made. You have already made it. But, look at land, farms, homes, stores, vacant lots. You pay year after year on them whether you make it or not.

  Will Rogers

  Home, Land, Years

  Will Rogers (1979). “Will Rogers' Daily Telegrams: The Hoover years, 1931-1933”, Will Rogers Heritage Trust

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• The whole trouble with the Republicans is their fear of an increase in income tax, especially on higher incomes. They speak of it almost like a national calamity. I really believe if it come to a vote whether to go to war with England, France and Germany combined, or raise the rate on incomes of over $100,000, they would vote war.

  Will Rogers

  War, Believe, France

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• If your Income Taxes go to help out the less fortunate, there could be no legitimate kick against it in the world. This is becoming the richest, and the poorest Country in the world. Why? Why, on account of an unequal distribution of the money.

  Will Rogers

  Country, Becoming, Income

  Will Rogers, James Smallwood (1981). “Will Rogers' Weekly Articles: The Hoover Years, 1929-1931”

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• I don't think most Americans understand that, for certain very wealthy people, our federal income tax system is a subsidy system that makes them richer.

  Hillary Clinton

  Thinking, People, Taxes

  Source: www.pbs.org

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• The idea of abolishing Income Tax is to me highly attractive, both on other grounds and because it tends to public economy.

  William E. Gladstone

  Ideas, Income, Economy

  Letter to H. C. E. Childers, April 03, 1873.

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• Could America exist without an income tax? The idea seems radical, yet in truth America did just fine without a federal income tax for the first 126 years of her history.

  Ron Paul

  Years, Ideas, America

  Source: voices.washingtonpost.com

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• The poverty we see in America is now too widespread, and too complex, for easy fixes. But I do think we can reimagine many of our institutions and can create new ones in ways that would be effective. We could, for example, create social insurance systems, similar to social security, such as that we went through in 2008-9. We could create a financial transaction tax, oil profit taxes and a fairer estate tax system, and we could plow much of the revenue raised from these into job training programs, into better education infrastructure, into an expanded Earned Income Tax Credit.

  Sasha Abramsky

  Thinking, Training, Poverty

  Source: www.truth-out.org

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• If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice.

  Hillary Clinton

  Real, Lawyer, Week

  Source: www.pbs.org

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• What the Tea Parties are standing for is constitutional principle. It's not fundamentally about tax rates or whether to have a consumption tax or an income tax. It's about adherence to Constitution and the principle of limited government.

  Robert P. George

  Party, Government, Tea

  Source: saynsumthn.wordpress.com

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• I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.

  Philip Kotler

  Moving, Order, Long

  Source: bobmorris.biz

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• Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent.

  Judy Woodruff

  Top 10, Income Distribution, United States

  Source: www.pbs.org

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• We have undocumented immigrants in America who are paying more federal income tax than a billionaire. I find that just astonishing.

  Hillary Clinton

  America, Income, Undocumented Immigrants

  The third presidential debate between Secretary of State Hillary Clinton and Donald J. Trump, www.nytimes.com. October 20, 2016.

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• It was an easy thing to tax for a young country. And then gradually we moved to property taxes, manufacturing taxes, and the income tax was the answer to a populist demand: Let's go after the rich guys. We got into World War I, and they raised the rates and started taxing the rich. Then we got into World War II, and that's when they taxed everybody, because they just needed more revenue.

  T.R. Reid

  Country, War, Guy

  Source: www.pbs.org

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• Today, a large part of Peru's revenues come from mining. Many big mining companies only pay income tax, but they extract minerals, they pollute the water. They don't give any form of compensation to the regions where those minerals are extracted and where they do the damage, forcing the state to help those regions. What my party Gana Peru is stating is that the mining companies will have to pay that compensation. That is called a royalty.

  Ollanta Humala

  Party, Giving, Water

  Source: www.slate.com

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• Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.

  Lawrence O'Donnell

  Islands, Income, Pay

  Source: www.msnbc.com

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• I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be fair it's within the tax laws, so that they were regularly paying virtually no income tax. And I don't think that's right.

  George Osborne

  Country, Thinking, Law

  "George Osborne: I'm going after the wealthy tax dodgers" by Robert Winnett, and James Kirkup, www.telegraph.co.uk. April 9, 2012.

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• It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.

  Warren Buffett

  Zero, Real, Years

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• It is easier to start taxes than to stop them. A tax an inch long can easily become a yard long. That has been the history of the income tax. Would not the sales tax be likely to have a similar history [in the U.S.]? ... Canadian newspapers report that an increase in the sales tax threatens to drive the Mackenzie King administration out of office. Canada began with a sales tax of 2%.... Starting this month the tax is 6%. The burden, in other words, has already been increased 200% ... What the U.S. needs is not new taxes, is not more taxes, but fewer and lower taxes.

  B. C. Forbes

  Kings, Long, Office

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• ...How can Americans living in the freest country in the world be 'slaves'? We don't even enjoy the liberty of serfs. ( A serf paid only 25% of his earnings to his feudal lord. How much income tax do you pay?) Don't kid yourselves, we're slaves. Slaves with weekends off.

  Kenneth W. Royce

  Country, Kids, Weekend

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• We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

  Warren Buffett

  Government, Payroll Tax, Income

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

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• People that live in the Northeast are leaving the Northeast for a whole host of reasons. They're relocating in Southern states and Midwestern states - no-income-tax states, milder climate states - and it's affecting the balance of power in those states.

  Rush Limbaugh

  People, Southern, Leaving

  Source: www.rushlimbaugh.com

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• Textbooks don't teach people how to avoid paying any income tax. But that's what an army of tax lawyers and corporate tax accountants do.

  Michael Hudson

  Army, People, Income

  Source: www.counterpunch.org

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• The income tax only taxed the Rockefellers, the Morgans and the Vanderbilts. It was aimed at the top 4 percent, and the top rate then in 1913, was 7 percent. Woodrow Wilson had a big ceremony and said, "I'm delighted to be president at the creation of this popular new tax."

  T.R. Reid

  President, Creation, Taxes

  Source: www.pbs.org

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• Donald Trump is a - the owner of a lot of real estate that he manages, he may well pay no income taxes. We know for a fact that he didn't pay any income taxes in 1978, 1979, 1984, 1992 and 1994. We know because of the reports of the New Jersey Casino Control Commission. We don't know about any year after that.

  Hillary Clinton

  Real, Taxes, Manage

  Source: www.pbs.org

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• 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.

  Michael Hudson

  Income, Paying Taxes, Heirs

  Source: www.counterpunch.org

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