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During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
In speech after speech on his health care plan, the President has tried to convince us that what he is proposing will be good for America. But, how can it be good for America if it raises taxes by a half trillion dollars and costs a trillion dollars or more to implement?
Driving with one foot on the accelerator and the other on the brake is likely to get you nowhere, but certainly will burn out vital parts of your car. Similarly, cutting taxes on the middle class, but increasing them on the 'rich' is likely to result in an economic burnout.
People think of taxes as money just being robbed from you. They don't consider the benefits of paying taxes. The benefits that they get and also the benefit of just being a part of a large group of people: a town, or a city, or a country, or a society that allegedly should stand together and all try to help each other.
Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes.
The rich pay more in total taxes now than ever before - ever. It's true. Just like it's true that when the rich are convinced they're going to be taxed more, they spend less. And when the top few percenters don't spend, there goes all your spending, because they account for half of all retail spending.
It's not just spending, it's not just taxes, it's not just corruption, it is progressivism, and it is in both parties. It is in the Republicans and the Democrats.
In six short years, small business owners and family farmers will once again be assessed a tax on the value of their property at the time of their death, despite having paid taxes throughout their lifetime.
I'm like the guy who prepares your taxes or a dentist. I'm very conservative and boring in a lot of ways.
There certainly is a case to be made that taxes should be more progressive.
So, for instance, let me make this clear: You know I signed a statement. I will not raise taxes on anybody. I don't want to raise taxes on the American people.
Greece has been, in many ways, a partially dysfunctional society. For example, the wealthy barely pay taxes... to an extent, that's true elsewhere, including the United States, but it's been pretty extreme in Greece.
When I see the hatred exacted at Mr. Obama - you know, he lowered your taxes, killed your number one bad guy and got your guys out of Iraq - I don't understand why he seems to inflame people so much. You know, unless, unless there's a race problem.
The difference between American parties is actually simple. Democrats are in favor of higher taxes to pay for greater spending, while Republicans are in favor of greater spending, for which the taxpayers will pay.
P. J. O'Rourke
Religions take donations and don't pay taxes.
One of the things I have been preaching around the world is collecting taxes in an equitable manner, especially from the elites.
And the cornerstone of my economic policies, when I first got elected, was cutting taxes on everybody on who paid taxes.
George W. Bush
I used to do my own taxes. You know how you buy that gigantic sheet at Staples, add up the restaurants, clothes, and taxis and glue your receipts into the book month by month? The more money I made, the more complicated things got.
I'm proud to pay taxes in the United States; the only thing is, I could be just as proud for half the money.
Washington is a place where politicians don't know which way is up and taxes don't know which way is down.
Obamacare comes to more than two thousand pages of rules, mandates, taxes, fees, and fines that have no place in a free country.
I have every right to know how my taxes are spent, how every single penny of it is spent. I have the right to know that.
It's a privilege to pay taxes. Yeah! It's not a political question, folks. We have to pay for stuff.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
You don't create jobs by passing bills, you create jobs by cutting taxes.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
Martin Luther King, Jr.
C. S. Lewis
Image of the Moment
Patience is bitter, but its fruit is sweet.
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