#tax

... 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

Fear and bigotry don’t need explaining. They simply are, like traffic jams and taxes. ↗

— Eileen Wilks

#death-magic #eileen-wilks #fear #lupi #paranormal

As clear as it is important, the death of Detroit is nonetheless a topic avoided. Generally the gradual disintegration of a major metropolis would garner a fair amount of attention, but the scant coverage is hardly surprising. After all, the culprits are not the popular ones. In most circles, condemning taxation, regulation, unionization, welfarism and protectionism is unfashionable. It is necessary to cast aside prevailing notions of political correctness and appreciate that the case of Detroit isn’t an isolated tragedy. ↗

— Dan Greenup

#political-correctness #protectionism #regulations #taxation #unions

Free education, almost free healthcare, a generous benefits system and a better state pension than elsewhere, guarantee equal opportunities for all citizens. The only problem is that all these require a considerable amount of public revenue. This is why the common assertion that to be born in Finland is like winning the jackpot in the lottery is only applicable when you are at the receiving end. A far more common experience is that you need to win the lottery just to cover the tax bill. ↗

— Tarja Moles

#taxation #welfare #welfare-state #education