Payroll Tax Quotes

• The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.

  Mark Zandi

  Holiday, Numbers, Keys

  "A 40 Percent Chance of Economic Doom". Interview with Elizabeth Weingarten, www.slate.com. October 18, 2011.

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• For more than forty years, the United States Congress has shamelessly used payroll taxes intended for Social Security to fund big government spending.

  Mike Pence

  Pregnancy, Government, Years

  "Biography/Personal Quotes". www.imdb.com.

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• 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.

  Jacob Lew

  Cutting, Thinking, Priorities

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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, America

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

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• Republicans want to punish work and reward wealth; hence the high payroll tax and the low dividend tax. Said one Bush economic adviser, if we can't help wealthy investors and screw working people, what's the point in being a Republican?

  Paul Begala

  People, Want, Rewards

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• I think it's time we had a President who will provide the only real economic security: good jobs. A President who will provide middle class payroll tax relief to get money in the pockets of workers who will spend it, not more tax giveaways for those at the top to stimulate the economy in the Cayman Islands and Bermuda. A President who will index the minimum wage to inflation and raise it from a 30 year low, not increase the tax burden on the middle class and those struggling to join it.

  John F. Kerry

  Jobs, Real, Struggle

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• The challenge for any government is how do you do two things at the same time. How do you put money forward for things like the payroll tax holiday, for things like getting a jump-start on infrastructure, for building schools, and make the decisions for long-term deficit reduction.

  Jacob Lew

  School, Holiday, Two

  Source: www.nbcnews.com

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• More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.

  Alex Tabarrok

  Benefits, Trends, Social

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• I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.

  Howard Warren Buffett

  Country, Crazy, Thinking

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

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• Social Security is a widely popular program because the individual has been deceived by the Statist to believe that the government has been prudently and diligently managing his accumulated pension investment in his Social Security account, which he presumes to be funded by his own payroll taxes.

  Mark Levin

  Believe, Government, Investment

  Mark R. Levin (2009). “Liberty and Tyranny: A Conservative Manifesto”, p.90, Simon and Schuster

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• I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.

  Barack Obama

  Family, Years, Income

  Speech in Dover, New Hampshire, www.presidency.ucsb.edu. September 12, 2008.

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• I've never supported a wage tax and I've never supported a payroll tax.

  David Dewhurst

  Taxes, Payroll

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• The payroll tax increase was destructive financially, it took what was a close call and made it a bad call.

  Mike McGavick

  Increase, Made, Taxes

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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, Income, Gains

  "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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• Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The programs were designed this way for political reasons.

  James Surowiecki

  Government, Political, Benefits

  "In Funds We Trust?". www.newyorker.com. December 24 & 31, 2012.

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• While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.

  Daymond John

  Struggle, Ideas, Issues

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• The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes.

  John Shadegg

  Reality, Numbers, America

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• Ive never supported a payroll tax.

  David Dewhurst

  Taxes, Payroll

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• I have always maintained that if a program is to be successful, it must... be voluntary... based on need and must not be financed through a payroll tax.

  Thruston Ballard Morton

  Successful, Needs, Care

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• Congress has changed the Social Security system over time, and over 20 times in the past Congress has raised taxes on Social Security in payroll taxes into the system.

  Chris Chocola

  Past, Security Systems, Social

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• Try walking the halls of Congress. It's Abercrombie & Fitch meets the Hair Club for Men. Lots of really photogenic young people kissing up to lots of insufferable blowhards. Separated by one or two generations, most of these players have only one real thing in common: They have never been weaned from the public teat. The closest they've ever come to meeting a payroll is when they come together to spend everyone else's payroll taxes.

  Michelle Malkin

  Real, Kissing, Player

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• The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.

  Warren Buffett

  Mean, Taxes, Payroll

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

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• The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

  Warren Buffett

  Office, Gains, Taxes

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

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• If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

  Warren Buffett

  Office, Looks, Forbes

  "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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• The marginal tax rate for high income earners is going up. Small businesses are no longer enjoying some of the exemption from payroll tax. Now there will be carbon taxes.

  Chris Alexander

  Income, Small Business, Carbon Tax

  Source: www.macleans.ca

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