A Quote by J. P. Morgan

Congress should know how to levy taxes, and if it doesn't know how to collect them, then a man is a fool to pay the taxes. — © J. P. Morgan
Congress should know how to levy taxes, and if it doesn't know how to collect them, then a man is a fool to pay the taxes.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
I thought you liberals cared about people, but here you're perfectly content to get them addicted to tobacco and make them pay taxes through the nose and continue to pay taxes through the nose and raise their taxes. And then you try to make 'em think you care about 'em by running PSAs telling them how they shouldn't smoke and how they should quit. You're exactly right. If they really cared, they would ban the product, but they can't, because the revenue from tobacco taxes - I'm not kidding you - funds children's health care programs, and a number of other things as well.
I don't know whether other people should or shouldn't pay taxes. I know I can, and I am willing, to pay more taxes. I know I should not get Social Security. I don't need it.
But I benefit from the taxes I pay because I know how to access the benefits of the taxes.
Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase.
The government taxes you when you bring home a paycheck. It taxes you when you make a phone call. It taxes you when you turn on a light. It taxes you when you sell a stock. It taxes you when you fill your car with gas. It taxes you when you ride a plane. It taxes you when you get married. Then it taxes you when you die. This is taxual insanity and it must end.
Why should an atheist pay more taxes so that a church which he despises should pay no taxes? That's a fair question. How can the apologists for the church exemption answer it?
The United States being a limited form of government, one of the restrictions to which it is subject is in regard to its power to levy taxes. The States may levy them for a great many purposes for which Congress cannot, because to the States belong all of the powers not delegated to Congress.
Rich people don't pay taxes? Of course they pay taxes - they pay tons in taxes. They pay for everyone else who doesn't pay taxes.
By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting.
A common man, even like myself, I don't know how to pay my taxes.
On the IRS website, they claim to be one of the world's most efficient tax administrators. The IRS officials might know how to collect taxes, but surely know how to misspend the funds.
When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money.
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
Taxes, well laid and well spent, insure domestic tranquility, provide for the common defense, and promote the general welfare. Taxes protect property and the environment; taxes make business possible. Taxes pay for roads and schools and bridges and police and teachers. Taxes pay for doctors and nursing homes and medicine.
Corporations can't have it both ways. They can't tell Americans how much they want us to buy their products, but then run abroad to avoid taxes or hire cheap labor. American corporations should pay their fair share of taxes and create decent-paying jobs here - not in China.
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