Words matter. These are the best Tax Rate Quotes from famous people such as Frederick W. Smith, David Plouffe, Margrethe Vestager, Gary Johnson, David Rouzer, and they’re great for sharing with your friends.
The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.
It’s really a question of fairness and what kind of country we’re going to live in. There are 22,000 people making over $1 million. They’re paying an effective tax rate in the teens. As Warren Buffett said, he pays less in taxes effectively than his secretary does. That’s not right.
If you’re in a situation where your effective tax rate is so much lower than any other company, then obviously you have a much better position when it comes to compete on prices and everything else.
In a zero corporate tax rate environment, if the private sector doesn’t create tens of millions of jobs, then I don’t know what it takes to create tens of millions of jobs.
North Carolina needs to revamp the tax code completely. We have some of the highest tax rates, like the corporate tax rate, in the country.
The complexity of a tax system is every bit as damaging to competitiveness as the overall tax rate. The more convoluted the tax code becomes, the more time we have to take off work to comply with it.
If we could get the corporate tax rate down to, let’s say, a maximum of 25 percent, it would be a sea change for this country. It would be great.
The biggest – one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero.
I think that something is fundamentally wrong if a person of his great wealth is only paying 13.9 percent effective tax rate and most of Americans are paying 28, 30 percent and they make far less.
To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.
I would like to get the tax rate as low as possible so that businesses want to create jobs here.
Lowering the middle-class tax rate… will likely lower work efforts and increase government dependence.
We need to even out the tax code for small businesses so that we lower their tax rate to 25 percent, just as we need to lower it for all businesses.
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.
Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
Here’s the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That’s not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
The United States already has the highest corporate tax rate in the world.
To be competitive globally, we have to reduce the corporate tax rate.
I think, definitely, this country needs a lower corporate tax rate and tax reform so that we can get our profits that we’ve made overseas back into the country without heavy penalties. And if that happens, I think that would be very good for the market and all of that.
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There’s also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.
I think, in effect, in most of the European countries, the total marginal tax rate is over 50 percent; that’s to say, add on other taxes like VAT to the income tax.
Putting, say, an 85 per cent income tax rate is unlikely to bring in much revenue.
More than 1.1 million taxpayers in Pennsylvania will enjoy a lower tax rate, more than 1.4 million married couples will benefit from the reduction in the marriage penalty, and more than 1.1 million parents will have the advantage of an increased child tax credit.
I support both a Fair Tax and a Flat Tax plan that would dramatically streamline the tax system. A Fair Tax would replace all federal taxes on personal and corporate income with a single national tax on retail sales, while a Flat Tax would apply the same tax rate to all income with few if any deductions or exemptions.
The appreciation of capital assets is already taxed at an extremely favorable rate compared to labor. That’s why the rich pay such a low effective tax rate no matter what their marginal tax bracket.
