#tax

Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense. ↗

— Mark Zandi

#back #before #cuts #economy #firmer

When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business. ↗

— Henry Hazlitt

#inefficient #taxation #waste #wasting #business

Taxes are what we pay for civilized society, for modernity, and for prosperity. The wealthy pay more because they have benefitted more. 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. During an emergency, like an earthquake or a hurricane, taxes pay for rescue workers, shelters, and services. For people whose lives are devastated by other kinds of disaster, like the disaster of poverty, taxes pay, even, for food. ↗

— Jill Lepore

#business #common-defense #disasters #domestic-tranquility #emergencies

... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. ↗

— Campbell R. McConnell

#laffer #taxes #change

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told. ↗

— Ha-Joon Chang

#economy #recession #social-justice #tax-cuts #taxation

The most overwhelming proof that tax incentives have a relatively minor effect on individual charity is the tremendous consistency over time of giving as a percentage of income. Although the tax code has changed frequently and dramatically over the past twenty-three years, giving as a share of personal income has hovered around 1.83 percent. This measure reached as high as 1.95 percent in 1989 and as low as 1.71 percent in 1985. The narrow range has persisted even though the top marginal tax rate has fluctuated in that period from between 28 and 70 percent. ↗

— JOHN S. BARRY

#change

Death, taxes and childbirth! There's never any convenient time for any of them. ↗

— Margaret Mitchell

#death #humor #taxes #truth #death

You know if the U.S. Government wanted to boost the economy there's a simple solution make Black Friday the refund date for your state and federal taxes ↗

— Stanley Victor Paskavich

#christmas #economy #holidays #tax-refunds #taxes

Certainty? In this world nothing is certain but death and taxes. ↗

— Benjamin Franklin

#taxes #death

They tax when you earn a dollar, they tax you when you save it, they tax you when you invest it. If you earn a dividend, they tax it again, and if you're stupid enough to die, they steal up to half. ↗

— Grover Norquist president of Americans for Tax Reform

#government #reform #taxes #death