It would be thought a hard government that should tax its people one tenth part.
The higher the rate, the more interest there is in avoiding the tax. Either you move or you shift your profits overseas, as American corporations have proven very good at doing.
I do not think we should tax people to a point where they are looking for tax loopholes and getting their money out of the country.
Then there was communism's weak-tea sister, socialism. Socialists maintained that we shouldn't take all the money away from all the people since all the people don't have money. We should take all the money away from only the people who make money. Then, when we run out of that, we could take more money from the people who. . . hey, wait! Where'd you people go? What do you mean you're "tax exiles in Monaco?"
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.
Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.
Thinking is one thing no one has ever been able to tax.
Luxury is the income tax of vanity. But it is so pleasant.
The financial disclosure statements, they don't give you the tax rate. They don't give you all the details that tax returns would.
The fact is that a lot of the spending increases came during the Bush administration. Two unpaid for wars we got ourselves engaged in. A prescription drug plan that added enormous amounts to our spending, and the tax cuts at the high end that did not create jobs and create revenue coming.
Obviously, you want to get the best deal possible for yourself, but teams just don't want to spend that money for fear of being in the luxury tax.
The smartest thing legislatures can do is get rid of lotteries and get those dollars buying consumer goods and get the sales tax revenues from that
To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his.
States with high and rising tax burdens are more likely to suffer economic decline; those with low and falling tax burdens are more likely to enjoy strong economic growth.
When I was ambushed by global warming advocates recently-no, they haven't given up-they asked me the same questions they always ask: "What if you're wrong?" and "If you're wrong will you apologize to future generations?" I always answer, "What if you're wrong? Will you apologize to my twenty kids and grandkids for the largest tax increase in American history?" They usually don't have anything to say after that.
gun registration is no more complex than the Income Tax system.
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.
An economy hampered by restrictive tax rates will never produce enough jobs or enough profits
One of the high spots of the decade for me was offering the bill which culminated in the tax act of 1986, which brought rates down. That was the most difficult problem to solve: how to make the tax system of the United States more fair. We tried to make it simpler, but we failed on that one.
You compare the nation to a parched piece of land and the tax to a life-giving rain. So be it. But you should also ask yourself where this rain comes from, and whether it is not precisely the tax that draws the moisture from the soil and dries it up. You should also ask yourself further whether the soil receives more of this precious water from the rain than it loses by the evaporation?