A Quote by Nicholas Negroponte

Taxes will eventually become a voluntary process, with the possible exception of real estate - the one physical thing that does not move easily and has computable value. The US has a jump-start on the practice, in that 65 percent of local school funds come from real estate taxes - a practice Europeans consider odd and ill advised. But wait until that's all there is left to tax, when the rest of the things we buy and sell come from everywhere, anywhere, and nowhere.

Nicholas Negroponte

Quote Topics

Advised Anywhere Become Buy Come Consider Does Easily Estate Estate Tax Estate Taxes Europeans Eventually Everywhere Exception Funds Ill Jump Left Local Move Nowhere Odd Percent Physical Possible Practice Process Real Real Estate Rest School Sell Start Tax Taxes Thing Things Until Us Value Voluntary Wait Will

Quote Author

Nicholas Negroponte
American - Businessman
Born: December 1, 1943

What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.

Howard Lutnick

Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.

Chuck Norris

Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.

Andrew Carnegie

If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice.

Hillary Clinton

The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.

Fabrizio Moreira

Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

Ludwig von Mises

What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.

Mohnish Pabrai

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.

B. C. Forbes

I really took the lead on putting together the real estate fund-to-funds. Real estate was always interesting to me.

Joe Montana

It's funny when people ask if I'm a lesbian. I played a real estate agent in 'Father of the Bride, Part II,' but no one has asked me if I sell real estate.

Nora Dunn

I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent.

Ivana Trump

Texas has no income tax, which is a big draw for corporate executives who do business there. But it's hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.

Gail Collins

I thought I would spend the rest of my life being a good tax lawyer. The interesting thing about being a tax lawyer is, none of your clients are poor. I had clients come to me and say, 'Can you help us make investments?' That led to me getting into the real estate business.

Jerry Reinsdorf

By 2003, every fool was getting into real estate. The checkout girl at my local supermarket handed me her newly printed real estate agent business card.