I would go to them and I would explain this is the price of going forward. We’re going to move ahead in all these other areas. We’re moving ahead in tax reform and GST, we are moving ahead on trade, but this will not be done at the cost of the environment.
Food redistribution is one of the best win-win solutions for food waste avoidance. Food companies can often save money by donating food rather than paying the £80 or so per tonne in landfill tax and disposal costs.
What is the difference between a taxidermist and a tax collector? The taxidermist takes only your skin.
The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.
Elections have to have at least a little meaning. Obama ran on income tax hikes for the wealthy. People knew they were voting for that. They ‘want’ that. And it’s good policy.
Social Security is a tax.
Obama wants to take the individual small business tax to 44 percent, and the corporate rate – he says – down to 28 percent or whatever. But that really damages the small businesses. And it doesn’t make us competitive. You got to take them both down to 20, because state and local corporate taxes are 5 percent.
If you buy something online, you’re supposed to pay a use tax.
If you can take my tax money and assure me that it’ll go to the right purpose, that it will help the poor, then fine. But I’m not sure a lot of it does. In fact, I know a lot of it doesn’t.
Temporary tax cuts don’t create permanent confidence, nor permanent jobs.
Even tax breaks that are supposed to help the middle class too often skew toward the wealthy. Consider the mortgage interest deduction. While political leaders in both parties have long considered it untouchable, it actually helps those at the top of the income scale far more than those at the bottom.
The truth is, no one pays more tax than they have to.
If you’re successful in the market, it should be because you have the best products. Then your customers like you, not because then you cut corners, or you get a tax break, or you don’t inform authorities about how things actually are.
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.
The money that we make from the company goes into The Body Shop Foundation, which isn’t one of those awful tax shelters like some in America. It just functions to take the money and give it away.
The income tax has made liars out of more Americans than golf.
I’ll tell you who doesn’t have any personal responsibility. Companies like General Electric and others who pay absolutely no income tax.
Americans know that we cannot tax and spend our way out of a recession, yet Democrats can’t grasp this simple fact.
Hiking taxes on the so-called wealthy would help send us into a recession because so many small businesses report their income on individual tax returns. If taxes are raised, they will be less likely to be able to hire new workers and make new capital investments.
Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it’s OK.
We all want a simpler code, but tax reform is about much more. It is about ensuring that everyone pays their fair share. The tax code is also used to promote behavior that we as a nation support, such as home ownership or charitable contributions.
This is absolutely bizarre that we continue to subsidize highways beyond the gasoline tax, airlines, and we don’t subsidize, we don’t want to subsidize a national rail system that has environmental impact.
Fairness has not been enhanced by the tax code, but lobbyists have been made rich, politicians have been re-elected, and the economy has been made to suffer.
There are some tax expenditures that are there for very obvious and very important and very good policy reasons. Whether it’s the charitable deduction or the deduction for homes, it’s not a loophole.
In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
Stupider than France is not where we want to be on tax policy.
I don’t blame anybody for using the tax code to their advantage.
I don’t support any increase in income tax rates.
For if you love those who love you, what reward have you? Do not even the tax collectors do the same?
In addition to billions in new ‘stimulus’ spending that our country can’t afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations.
I’d rather see the tax for innovation reduced rather than expanded.
America’s corporate and political elites now form a regime of their own and they’re privatizing democracy. All the benefits – the tax cuts, policies and rewards flow in one direction: up.
We have a lot of taxpayers in this city who deserve to get every nickel of their tax dollars that they’re entitled to from Washington, and I intend to make that happen.
Scratch the surface at conservative think tanks and universities that house free-market economists, and it’s not hard to find proponents of a carbon tax.
Congress had the opportunity to extend tax relief to working families without increasing the deficit. Instead, we were handed a bill that favors the wealthy and eliminates deductions that benefit the middle class.
I was an international tax specialist. Yeah, I was an international man of mystery and tax specialist.
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
Worrying about bills, food, or other problems leaves less capacity to think ahead or to exert self-discipline. So, poverty imposes a mental tax.
The bottom line is we need a tax code that is more simpler, that is more fairer, that gets rid of the special carve-outs, the special lobbyist loopholes. That’s the direction we need to go.
Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.
And yet, if we don’t, first and foremost, act responsibly with the national tax dollars that we have, we can’t properly address those regional priorities that we would like to.
I have never played the lottery in my life and never will. Voltaire described lotteries as a tax on stupidity. More specifically, I think, on innumeracy.
Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.
A salute from this corner to President Bush for saying he was willing to investigate raising or eliminating the cap on salaries subject to the Social Security tax.
No, I’m not rich. I had a tax problem in this country, curiously enough, and my accountant said the British government was patently wrong in taxing me, and they were, but we couldn’t persuade them and it cost me everything I had.
Although there’s a lot of focus on the Lib Dems, we need to keep our eyes on the far right of the Tories, who I suspect will become increasingly impatient in their appetite for tax cuts, deregulation and shrinking the state even further.
If private-equity firms are as good at remaking companies as they claim, they don’t need tax loopholes to make money.
The whole tax code should be looked at, all the way from farm subsidies to carried interest to – to corporate loopholes, because we really need to raise more revenue.
Our current tax system is broken.
One way to make health care more affordable is a Flexible Savings Account that allows families to save tax free money to pay for medical bills.
I am and will remain a tax resident in France and in this regard I will, like all French people, fulfill my fiscal obligations.
Green policy is about triggering a shift to a cleaner way of doing things. To be effective, it needs to incentivise the right behaviour, for example through tax breaks, and that needs to be paid for by disincentives on polluting behaviour.
Why should ‘big sports’ get tax breaks that businesses and families across America don’t get?
What the oil producer gets paid is about 16 percent. The majority of it is tax, which in fairness to the government of this country they have accepted and admitted.
You should keep a copy of your tax return indefinitely, but you need to save supporting documents for only three years.
I come from a modest background. I put myself through college and law school and a postdoctorate program in tax law.
Most economies have a fair amount of tax evasion, depending on how their data systems are.
Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they’ve redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.
Reconciliation is a special budget procedure to change entitlement and tax laws. It cannot be filibustered and requires only a simple majority in the Senate to be passed. It is primarily intended for deficit and mandatory spending reduction.
