Income Tax Quotes - Page 6

• Taxes are paid in the sweat of every man who labors.

  Franklin D. Roosevelt

  Men, Sweat, Paying Taxes

  Roosevelt, Franklin D. (1941). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1937, Volume 6”, p.798, Best Books on

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• Just as no one is morally required to answer a robber truthfully when he asks if there are any valuables in one’s house, so no one can be morally required to answer truthfully similar questions asked by the State, e.g., when filling out income tax returns.

  Murray Rothbard

  House, Income, Answers

  Murray N. Rothbard (2015). “The Ethics of Liberty”, p.183, NYU Press

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• There's just one thing I can't figure out. My income tax!

  Nat King Cole

  Income, Figures, Taxes

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• Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.

  Ludwig von Mises

  Income, Demand, Pay

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.452, VM eBooks

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• Legal plunder can be committed in an infinite number of ways; hence, there are an infinite number of plans for organizing it: tariffs, protection, bonuses, subsidies, incentives, the progressive income tax, free education, the right to employment, the right to profit, the right to wages, the right to relief, the right to the tools of production, interest free credit, etc., etc. And it the aggregate of all these plans, in respect to what they have in common, legal plunder, that goes under the name of socialism.

  Frederic Bastiat

  Names, Free Education, Numbers

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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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• 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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• Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.

  Ludwig von Mises

  Mean, Income, Progressive

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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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• Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax.

  T.R. Reid

  Moving, Taxes

  Source: www.omnivoracious.com

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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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• It used to be that we taxed property - zapped farmers basically. And there were very rich people who didn't pay that much tax. So in 1913, they put in the income tax. It was incredibly popular. The tax we love to hate today.

  T.R. Reid

  Hate, People, Today

  Source: www.pbs.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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• 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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• 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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• Donald Trump is the least unpopular thing about today's Republican Party. I mean, the idea that a Mitch McConnell or a Paul Ryan could say, "Let's toss Trump overboard and return to our program of plutocratic politics, health care removal, massive income tax cuts for the affluent, deregulation of finance" - if they cut loose from Donald Trump, it's like, you know, storm in channel, continent cut off. If they cut loose from him, they are much likelier to sink.

  David Frum

  Party, Mean, Cutting

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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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• 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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• 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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• I am too sick to work and haven't money enough to last 2 months and pay income tax. I want to keep going but do not see quite how, and there is no alternative - rather than justify my mother's 25-year dread of my "coming back on her, sick," I must kill myself. If she has to pay funeral costs, at least she will cut them to the bone and I will not be here to endure her martyrdom and prolong it by living.

  Rose Wilder Lane

  Mother, Cutting, Years

  Rose Wilder Lane's diary entry, December 9, 1933.

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• The Founding Fathers realized that "the power to tax is the power to destroy," which is why they did not give the Federal government the power to impose an income tax. Needless to say, the Founders would be horrified to know that Americans today give more than a third of their income to the Federal government.

  Ron Paul

  Father, Government, Giving

  Ron Paul (2008). “Pillars of Prosperity: Free Markets, Honest Money, Private Property”, p.84, Ludwig von Mises Institute

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• We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America.

  Barney Frank

  Years, Ideas, Payroll Tax

  "Estate Tax Debate". "PBS NewsHour" with Kwame Holman, www.pbs.org. June 08, 2000.

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• Politicians like to talk about the income tax when they talk about overtaxing the rich, but the income tax is just one part of the total tax system. There are sales taxes, Medicare taxes, social security taxes, unemployment taxes, gasoline taxes, excise taxes - and when you add up all of those taxes [many of which are quite regressive], and then you look at how they affect the rich and the poor, you essentially end up with a system in which the best off 20 percent of Americans pay one percentage point more of their income than the worst off 20 percent of Americans.

  David Cay Johnston

  Rich, Politician, Poor

  "Our Indefensible Tax System". Interview With Jonathan Stein, www.motherjones.com. April 11, 2006.

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• There is no moral distinction between the act of a pickpocket and the progressive income tax.

  Leonard Read

  Income, Libertarian, Moral

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