A Quote by Jon Lovitz
The problem with the economy isn't that people aren't paying their fair share of taxes.
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The rich people are apparently leaving America. They're giving up their citizenship. These great lovers of America who made their money in this country-when you ask them to pay their fair share of taxes they run abroad. We have 19-year old kids who lost their lives in Iraq and Afghanistan defending this country. They went abroad. Not to escape taxes. They're working class kids who died in wars and now billionaires want to run abroad to avoid paying their fair share of taxes. What patriotism! What love of country!
I think it's a little unfair for people to say you're not paying your fair share of taxes. I'm paying what I'm supposed to pay. Change the law, and I'll pay what I'm supposed to pay.
When you hear a politician say 'fair share,' you are talking about hypocritical political propaganda. You are not talking about an intelligent discussion of who is paying what and who isn't paying taxes.
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
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.
So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?
Before Congress cuts funding for Head Start, Social Security, and financial aid for college, we have got to make sure that large, profitable corporations are paying their fair share of taxes.
Nobody has been arrested on Wall Street for the crash of 2008. They're not paying their fair share of the taxes. And now with the Citizens United case of the Supreme Court, they get to buy politicians up out in the open.
Even if you assume that the whole economy would work better had we never had double taxation, having the envy and resentment of the richest paying low or no taxes screams of injustice. You have to have a fair system.
The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.
People want just taxes more than they want lower taxes. They want to know that every man is paying his proportionate share according to his wealth.
Labour want to control all parts of the economy and society so that they can pursue the politics of envy. It would leave us all paying higher taxes and the economy in tatters.
Fundamentally, I've always been a fan of actually looking at our whole state tax system and really figuring out how we reform our tax system so that everyone's paying their fair share but we don't have a lot of nickel and diming with 100 taxes that end up hitting people that maybe can't bear it the most.
The problem is that we are trying to prepare people for the new economy using a higher education system built for the old economy. As a result, many high-skilled, high-paying industries suffer from a shortage of labor, while too many low-paying industries suffer from a surplus.
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.
hy is it you can impose a new tax and keep your economy growing? Only if you cut other taxes by exactly the same amount. The problem with carbon taxes around the world has been you dump a new tax onto the economy and it's just adding more tax.
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