Taxes Quotes - Page 11

Look, rich people already have a lot of money. There's literally trillions of dollars in cash held by corporations, their stock valuations at an all-time high. They do not need a tax cut to do anything. They can invest now, if they wanted to. They don't want to, because they can make more money just by mergers and stock buybacks and stuff like that. So, this is really just sort of a travesty.

Keith Ellison

Cutting, People, Rich

Source: www.truth-out.org

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Now that the most interesting matter of identity is not what place someone was born in, but what point in time they are from - where they sit in relation to time. Age has become much more divisive than place. With the Internet and globalization, a twenty-year-old in New York has far more cultural references in common with a twenty-year-old in Nebraska than they do with a thirty-year-old who lives next door. National identity is what they trick you with when they want your feet in their army boots or your taxes in their bailouts.

Nick Laird

Army, Interesting, Age

Source: www.guernicamag.com

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Working with Republicans in Congress we've already signed 88 pieces of legislation. We get no credit. They always say, well, President Trump really needs this tax bill because he hasn't passed any legislation. Well, so far in 10 months we've passed more during this period of time than any other president in the history of our country and the second - let's call runner up - is Harry Truman, was second.

Donald Trump

Country, President, Republican

Source: www.theskanner.com

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I don't want to stand with somebody's praise. Whereas now when people come up to me, they say, "I love the bookstore" and "Kids! Come here, come here! This is the woman who owns the bookstore." That's incredible. I can say to that, "Thank you for shopping local. Thank you for coming in. What are you reading? Let's talk about books." It's about something I'm doing as opposed to somehow something I am. I feel comfortable and positive in that role. Because it's about reading. It's about books. It's about learning. It's about business and tax base.

Ann Patchett

Book, Reading, Kids

Source: www.guernicamag.com

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Right now, America doesn't ask us to do anything besides pay taxes. We don't even have to vote. But as psychologists will tell you, when you have to sacrifice for something, you value it more. What about national service for young people? Everybody between 18 and 24 could spend a year or two working for this country in some capacity. It'd be an amazing thing. And it would mix this country racially, culturally, economically.

Sebastian Junger

Country, Sacrifice, People

Source: www.oprah.com

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I can't tell you how many times at the breakfast table my dad would curse out Franklin Roosevelt. I love my father. He was an intelligent man, but he really didn't like regulations of the Roosevelt style, or the taxes. He was an Dwight Eisenhower man. And that's what Eisenhower did, committed to breaking down the program.

Oliver Stone

Dad, Father, Intelligent

Source: www.interviewmagazine.com

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I'd like to help struggling homeowners who can't pay their mortgages, I'd like to invest in our crumbling infrastructure, I'd like to reform the tax system so multimillionaires can't pretend their earnings are capital gains and pay at the rate of 15 percent. I'd like to make public higher education free, and pay for it with a small transfer tax on all financial transactions. I'd like to do much more - a new new deal for Americans. But Republicans are blocking me at every point.

Barack Obama

Block, Struggle, Helping

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I think the Republican tax law is so bad that it almost guarantees a Republican victory, precisely because it's so bad. The seeming irony is that it's so bad that it enables the Democratic Party to think, "A-ha, all we have to do is be the lesser evil.

Michael Hudson

Party, Thinking, Evil

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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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We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. While a small middle class remains in the coastal blue states, our tax bill devastates them by curbing deductions for state and local taxes and large mortgages. In a few years, everyone except the 1% will be a tricklee.

Gary Cohn

Mortgage, Significant, Middle Class

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There is this fashionable progressive notion that everything is so completely political that the idea we could have some sort of neutral legal process is practically utopian - because we all know that the more money you have, the more rights you can exercise in this society. But I don't think that you deal with income inequality by limiting the First Amendment rights of affluent people. I'd rather see people screw around with the tax code to redistribute wealth a little bit than screw around with the First Amendment.

Wendy Kaminer

Exercise, Thinking, People

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When Donald Trump was running for office, he made big claims about how he was going to fight for workers. But since in office, he has consistently moved against the interest of workers in favor of corporate interests - by rolling back important worker protections, advancing nominees to key posts with records of enabling the exploitation of working people, pushing for the dismantling of Obamacare, fighting for a tax bill that overwhelmingly favors the wealthy, etc.

Heidi Shierholz

Running, Fighting, People

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When the president talks about tax reform, he talks about the people who will benefit. He talks about American jobs. He talks about the fact that we're going to be taking money that's overseas and bringing it back to the United States so that it will employ American workers. I think that focus again on the American working and middle class is- is-is to me the most thoughtful and, in some ways, the most genius part of Trump's approach to politics.

James Vance

Thoughtful, Thinking, People

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The issue is not about raising taxes. The issue is, how do we allocate the wealth that we have? We spend trillions of dollars on a military industrial complex. The United States accounts for 38% of all the military armaments produced in the world. 38%. This is a huge amount of money. People want and need services. They want roads, they want healthcare.

Henry Giroux

Military, People, World

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The issue should not be, we're going to tax you more to give you the services you want. The issue is, this is the wealthiest country in the world, and we're going to use that wealth to service human needs and not to service a military industrial corporate surveillance state.

Henry Giroux

Country, Military, Giving

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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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One of the tax systems in the US is for wage earners. The government takes money from them out of each paycheck - so it knows how much they make, and those workers can't cheat to any significant degree. But the other tax system is for capital. Those with capital get to tell the government what they want to tell. They may get audited, but if their tax returns are of any size the government doesn't have enough of the smart auditors to figure out what's really going on. And there are the rules that allow you to do things like take in money today and pay taxes on it thirty years from now.

David Cay Johnston

Smart, Today, Cheat

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Congress is supposed to fund the IRS, and it has been steadily reducing the number of auditors and tax collectors the IRS has at the very time that the tax system has become vastly more complicated. And of course America continues to grow, so there's an increasing number of tax returns coming in. The IRS responds by doing exactly what Congress expects of them. That shouldn't surprise anyone. All bureaucracies do what they are told.

David Cay Johnston

Surprise, Complicated, Bureaucracy

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

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When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.

David Cay Johnston

Real, People, Appreciate

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In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll be up to 20-25 percent very quickly. It's a major problem. Fundamentally, we have a tax system designed for a national, industrial, wage economy, which is what we had in the early 1900s. We now live in a global, asset-based, services world. And we need to have a tax system that follows the economic order or it's going to interfere with economic growth, it's going to reduce people's incomes, and it's going to damage the US.

David Cay Johnston

Taken, Growth, World

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

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I dislike paying taxes as much as anyone, but yes, taxes are the price of civilization. There is no America without taxes. The question isn't, "Do we want to have taxes?" The question is, "How heavy is the burden, and who bears that burden"?

David Cay Johnston

Burden, Dislike

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You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money you could end up in the top tax bracket. But if you're a corporation you are allowed to reach forward with deferrals for years. Over a 45 to 50 year period, you can balance out the winning years and the losing years in such a way that you pay very little tax, especially considering the time-value of the money.

David Cay Johnston

Winning, Balance, Losing

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Senior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.

David Cay Johnston

Senior, Fashion, Children

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The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.

David Cay Johnston

Country, Book, Justice

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

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Americans deserve a new tax code for a new era of American prosperity.

Kevin Brady

Prosperity, Code, Deserve

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