A Quote by Dan Lipinski

All tax incentives do is make it cheaper to borrow for transportation projects. But you still have to pay that money back.

Dan Lipinski

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Back Borrow Cheaper Incentives Make Money Pay Projects Still Tax Transportation

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Dan Lipinski
American - Politician
Born: July 15, 1966

The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.

Michael Hudson

Every time somebody has thought of relief for the farmer it has been to make it so he could borrow more money. What he needs is some way to pay back. Not some way to borrow more.

Will Rogers

If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.

David Fahrenthold

The problem is that borrowing money to pay back more borrowed money that will oblige you in the future to borrow even more money doesn't sound kosher. Because it isn't.

John Podhoretz

We at Chrysler borrow money the old-fashioned way. We pay it back.

Lee Iacocca

Never marry for money; you can borrow it cheaper.

Edward Albee

When you borrow money, you should always think how you're going to pay it back.

Dmitry Medvedev

How we fund transportation in this country is broken. You all pay a gasoline tax, right? Well, cars go farther, we get electric cars, and so on. And then we do more with the money than just build roads. We do bike lanes and mass transit.

Kevin McCarthy

Millions and millions of people don't pay an income tax, because they don't earn enough to pay on one, but you pay a land tax whether it ever did or ever will earn you a penny. You should pay on things that you buy outside of bare necessities. I think this sales tax is the best tax we have had in years.

Will Rogers

If you’re not familiar with it, a college degree is a thing that we tell our kids to buy with money they don’t have, in hopes that it will help them make money they might earn, which will give them the ability to pay back the money they spent in order to make the money they’re paying it back with.

Matt Walsh

The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.

Michael Lewis

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

New Jersey residents deserve to have their tax dollars spent on transportation and infrastructure projects right here in the Garden State instead of being wasted in Washington.

Scott Garrett

I don't save money. Save is a four letter word! I like to borrow money because I can get richer faster on borrowed money. I have what is called retained earnings, so I don't have to save money. If I need money, I will go out and borrow it.

Robert Kiyosaki

Debt is not intrinsically bad. But I make clear to my children that they should only borrow as much as they will be able to pay back.

Paul Achleitner

The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.

Ben Bernanke

A Quote by Dan Lipinski

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