Top 1200 Tax Returns Quotes & Sayings - Page 5

If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.

The important thing about tax reform is you make the tax code less complicated, easier for people to understand.

I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.

I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.

We will also target tax evasion and off-shore tax havens... Everyone must pay their share.

Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight.

We have to reduce the tax burden, whether it's income tax for corporations or private individuals, and we should put a freeze on property taxes.

I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates.

By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class.

The idea of a tax on the ownership of a television belongs in the 1950s. Why not tax people for owning a washing machine to fund the manufacture of Persil?

If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.

To introduce a whole new tax regime, that would be modern tax reform. But that's too big a task.

It's not rocket science. Hong Kong has 95% tax compliance, because it's code is only 4 pages long with a 15% flat tax.

It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.

If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship.

Corporate tax reform is nice in theory but tough in practice. It most likely requires lower tax rates and the closing of loopholes, which many companies are sure to fight. And whatever new, lower tax rate is determined, there will probably be another country willing to lower its rate further, creating a sad race to zero.

The media's apoplectic reaction to 2018 tax refunds displays a fundamental misunderstanding of the U.S. tax code and the very notion of what a refund actually is.

Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?

We need to profoundly revise all of our taxes and charges. The aim is to tax pollution - notably fossil fuels - more, and tax work less

I do not think we should tax people to a point where they are looking for tax loopholes and getting their money out of the country.

Everyone wants a more simple tax system. But if this means that certain tax breaks have to be cut, people are no longer so enthusiastic.

And what's interesting, and I don't think a lot of Americans understand this fact, is that, one, most new jobs are created by small businesses; two, most small businesses pay tax at the individual income tax, or many small businesses pay tax there.

Inflation is a form of tax, a tax that we all collectively must pay.

When I looked at it and did my homework on this issue, I concluded that a flat tax is better than a consumption tax.

A bet is a tax on bullshit; and it is a just tax, tribute paid by the bullshitters to those with genuine knowledge.

Many states rely on sales tax as their principle source of revenue and do not have a State income tax.

All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.

OK, so this pack - tax package includes about 50 tax breaks. None of them are new. They were all existing tax breaks. What this did was make them permanent. It gives some certainty for people when they're filing taxes that they don't have to wonder if Congress is going to renew them year after year.

All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none.

It has been our experience that if a young man decides to go on a mission, he can not only play well when he returns, he will often play better. If an athlete could play well before he went on a mission, he will definitely play well when he returns; and, if an athlete could not play well before his mission, he probably won't play well when he returns. However, his chances of playing well are perhaps better if he goes because he will return with . . . better work habits, and a better knowledge of what it takes to be successful.

Government is not being honest with taxpayers when it renews existing tax breaks and calls them new tax cuts.

I think it's smart for the United States to have some kind of tax revenue for international earnings - if that tax were reasonable.

The largest tax reduction in American history, one page tax form, reducing government spending. Those are all the keys to economic progress.

Tax cuts are temporary, tax increases are permanent.

Americans spend 3 billion hours per year filling out tax forms and keeping tax records.

A progressive digital ad revenue tax would also make sure that dominant social media platforms bear the brunt of the tax.

I think the Ronald Reagan tax reform proposals are a step toward distributive justice. They redistribute the tax burden more equitably and more progressively among individuals and call upon business to carry a somewhat larger proportion of the total tax load. Both of these are steps toward equity and distributive justice.

The tax that was supposed to soak the rich has instead soaked America. The beneficiary of the income tax has not been the poor, but big government. The income tax has given us a government bureaucracy that outnumbers the manufacturing work force. It has created welfare dependencies that have entrapped millions of Americans in an underclass that is forced to live a sordid existence of trading votes for government handouts.

Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism.... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system.

Conservatives in Government must make the case that lowering the tax burden boosts economic growth and leads to an increase in tax revenues.

The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.

You've got to ask yourself, why won't Donald Trump release his tax returns? I think there may be a couple of reasons. First, maybe he's not as rich as he says he is. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings, but we have been told through investigative reporting that he owes about $650 million to Wall Street and foreign banks. Or maybe he doesn't want the American people to know that he's paid nothing in federal taxes.

If we completely repealed the estate tax, it would provide an estimated $32 billion tax break for the Walton family - the founders of Wal-Mart.

Tax reform shouldn't add one penny to our deficit or to the tax bills of middle-class Americans.

I am in agreement with income-tax protesters that the tax, as commonly applied, is unconstitutional, unfair, and immoral.

Crucially, African governments must ensure they prioritize the eradication of tax evasion and tax avoidance.

Not continuing a tax cut is not technically a tax increase.

Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.

We all know what the problems are: it's tax and spend. One party will tax and spend, the other party won't tax but will spend. It's both of them together.

When you consider that a steelworker who's making $40,000 a year has virtually the same tax burden as someone who's making $400,000 a year, you see that there are inequities. This administration has used the tax code to accelerate wealth to the top. Most of the tax breaks have gone to people in the top bracket.

Tea Partiers hate government more than they hate the national debt. They refuse to reduce that debt with tax increases, even with tax increases on the wealthy, because a tax increase doesn't reduce the size of government.

Trickle-down economics does not work, and tax reform should not be defined as partisan tax cuts for the wealthy and huge corporations.

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.

A flat tax is roughly the same as a sales tax.

Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair.

The Tax Cuts and Jobs Act is a leap forward to a fairer and less confusing tax system.

I will support a low, flat tax for businesses and individuals so that we fix the tax base and grow the economy.

We need to stop kicking the can down the road and rethink our entire tax system toward long-term, comprehensive tax reform.

Why is it that half of the households in America pay zero income tax? We need some real tax reform.

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.