A Quote by George Lopez

As long as you're a tax deduction, you'll always be safe in my house. — © George Lopez
As long as you're a tax deduction, you'll always be safe in my house.
Everyone wants to be safe. Well, I got news for you: You can't be safe. Life's not safe. Your work isn't safe. When you leave the house, it isn't safe. The air you breathe isn't going to be safe, not for very long. That's why you have to enjoy the moment.
Imagine Earth as a crime-ridden town, and there is one safe house. How do you keep that safe house, America, always safe? It is called vigilance.
If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay more than they would otherwise. You take a loss even though you're making a gain.
There are some tax expenditures that are there for very obvious and very important and very good policy reasons. Whether it's the charitable deduction or the deduction for homes, it's not a loophole.
The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.
I look at the idea of eliminating the state and local tax deduction as a geographic redistribution of wealth, because you're taking money from a place like New York to provide deeper tax cuts elsewhere.
A Tax Loophole: A deduction that the other guy gets.
If your biggest tax deduction was bail money, you might be a redneck.
I have pledged to work hard to get the state and local tax deduction cap lifted.
I think I may have been the only person to be rewarded charitably and get a tax deduction for swearing on film!
Even tax breaks that are supposed to help the middle class too often skew toward the wealthy. Consider the mortgage interest deduction. While political leaders in both parties have long considered it untouchable, it actually helps those at the top of the income scale far more than those at the bottom.
We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is a fair tax for everybody, because as long as we still have this messed-up tax code, the politicians are going to use it to reward winners and losers.
It is easier to start taxes than to stop them. A tax an inch long can easily become a yard long. That has been the history of the income tax. Would not the sales tax be likely to have a similar history [in the U.S.]? ... Canadian newspapers report that an increase in the sales tax threatens to drive the Mackenzie King administration out of office. Canada began with a sales tax of 2%.... Starting this month the tax is 6%. The burden, in other words, has already been increased 200% ... What the U.S. needs is not new taxes, is not more taxes, but fewer and lower taxes.
Safe! safe! safe!' the pulse of the house beats wildly. Waking, I cry 'Oh, is this your buried treasure? The light in the heart.
Few of us ever test our powers of deduction, except when filling out an income tax form
There's a tradeoff. Yeah, I lose the deduction that I really like, but my tax rate is going to go down, and I don't have to fill out that form anymore. It's much simpler, rates are lower, and that tradeoff has worked in many countries. Many countries have just cleaned house of all those exemptions in order to provide lower rates, and people buy it.
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