A Quote by Michael Moore
I'll tell you who doesn't have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
Quote Topics
Quote Author
Related Quotes
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.
I support both a Fair Tax and a Flat Tax plan that would dramatically streamline the tax system. A Fair Tax would replace all federal taxes on personal and corporate income with a single national tax on retail sales, while a Flat Tax would apply the same tax rate to all income with few if any deductions or exemptions.
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.
In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.
If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.
There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.
There's a separation of church and state. If you want the perks that churches have traditionally received, then abide by the rules. If you're going to be involved in the political process, even in soft ways, then surrender the privileges. Let ministers pay income tax on all of their income. Let churches pay income tax, let them pay property taxes. They can't have it both ways. You can't pat the politicians on the back, break the rules, and then get all these perks.
I'm against an income tax because all the rich people hire lawyers and accountants to be sure that they don't pay income tax.
The only thing that hurts more than paying an income tax is not having to pay an income tax.
Today, a large part of Peru's revenues come from mining. Many big mining companies only pay income tax, but they extract minerals, they pollute the water. They don't give any form of compensation to the regions where those minerals are extracted and where they do the damage, forcing the state to help those regions. What my party Gana Peru is stating is that the mining companies will have to pay that compensation. That is called a royalty.
Why do we fully tax some kinds of income from capital, like interest and dividends; partially tax other kinds like capital gains; defer tax on other kinds, like IRAs; and impose no tax at all on still other types of capital income, like interest on municipal bonds? This simply is not rational. These distinctions don't have any inherent logic.
The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.
There are people who enjoy the life in England but don't pay a penny in tax, whereas my footballers pay more than half their income in tax.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
The truth is, our corporate income taxes are some of the highest in the world, and frankly, in my judgment it's unpatriotic if you're not for reducing the corporate income tax. We want to make it so American companies are on a more level playing field competing with companies around the world.
Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
Related Authors
Aung San Suu Kyi Quotes
Burmese
Activist
Bill Ayers Quotes
American
Activist
Edward Snowden Quotes
American
Activist
Elizabeth Cady Stanton Quotes
American
Activist
Emma Goldman Quotes
Russian
Activist
Gloria Steinem Quotes
American
Activist
Jesse Jackson Quotes
American
Activist
Julian Assange Quotes
Australian
Activist
Louis Farrakhan Quotes
American
Activist
Malala Yousafzai Quotes
Pakistani
Activist
Malcolm X Quotes
American
Activist
Noam Chomsky Quotes
American
Activist
Peace Pilgrim Quotes
American
Activist
Shane Claiborne Quotes
American
Activist
Thomas Paine Quotes
English
Activist
Van Jones Quotes
American
Activist