Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam. — Olin Miller
Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam. — Richard Miller
The estate tax punishes years of hard work and robs families of part of their heritage by imposing a huge penalty on inheritance after death - a tax on money that has already been taxed. — Mike Fitzpatrick
Inheritance Tax; - it is, broadly speaking; a voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue — Roy Jenkins
In this world nothing can be said to be certain, except death and taxes. — Benjamin Franklin
I believe in a graduated income tax on big fortunes, and in . . . a graduated inheritance tax on big fortunes, . . . increasing rapidly in amount with the size of the estate. — Theodore Roosevelt
The only difference between death and taxes is that death doesn't get worse every time Congress meets. — Will Rogers
You don't pay taxes - they take taxes. — Chris Rock
The fact is that the government, like a highwayman, says to a man: Your money, or your life. And many, if not most, taxes are paid under the compulsion of that threat. — Lysander Spooner
Idleness and pride tax with a heavier hand than kings and governments. — Benjamin Franklin
If taxes are laid upon us without our having a legal representation where they are laid, we are reduced from the character of free subjects to the state of tributary slaves. — Samuel Adams
Inheritance Tax Quotes
Now they got such a high inheritance tax on 'em that you won't catch these old rich boys dying promiscuously like they did. This bill makes patriots out of everybody. You sure do die for your country if you die from now on. — Will Rogers
We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die. — Liam Fox
When I was young, my father had a serious heart attack. He
survived, but we lost our house and car. Under the Canadian Medicare
system, though, we would have kept the house and car and would have just
had to pay the inheritance tax. — Emo Philips
Lottery: A tax on people who are bad at math.
Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs. — Ludwig von Mises
More astronauts have been to the moon than farmers who paid the inheritance tax in 2013. — Bill Maher
Get a sales tax, small on necessities and large on luxuries; then a stiff inheritance tax on the fellow that saves and don't spend. That will get him either way. A tax paid on the day you buy is not as tough as asking you for it the next year when you are broke. — Will Rogers
If you don't want your tax dollars to help the poor, then stop saying you want a country based on Christian values, because you don't
It seems to me that the least deserving recipients of wealth are inheritors. Further, there are many indications that inheritors often have trouble adjusting to their unearned inheritance. An inheritance tax would de facto help remedy this. — Julian Robertson
I don't see why a man shouldn't pay an inheritance tax. If a Country is good enough to pay taxes to while you are living, it's good enough to pay in after you die. By the time you die you should be so used to paying taxes that it would just be almost second nature to you. — Will Rogers
I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying. — Sanjeev Bhaskar
It is not fair that people who are born in the UK to parents who are domiciled here, can later in life claim to be non-doms and live here, it is not fair that non-doms with residential property here in the UK can put it in an offshore company and avoid inheritance tax. — George Osborne
Capital Gains Tax Quotes
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes. — Barack Obama
Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate. — John C. Bogle
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax. — Joe Biden
Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion. — Roger Wicker
I believe capital gains, for the most part, should be taxed the same way we tax income from hard work, sweat, and toil. And if we do those things, we can be a country that actually can afford debt-free college again. — Hillary Clinton
Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes. — Burton Malkiel
If people want capital gains taxed more like the highest rate on income, that's a good discussion. Maybe that's the way to help close the deficit. — Bill Gates
The biggest - one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero. — Herman Cain
The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it. — Warren Buffett
In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system. — Michael Parenti
Property Taxes Quotes
Real estate is more than just appreciation of properties because in real estate, you get the physical asset, you get cash flow, and you get tax breaks. — Jaspreet Singh
A government debt is a government claim against personal income and private property - an unpaid tax bill. — Hans F. Sennholz
An unlimited power to tax involves, necessarily, a power to destroy; because there is a limit beyond which no institution and no property can bear taxation. — John Marshall
In a system where the cost of care is hidden by taxes levied on your income, property, and business activities, it is no wonder why so many Americans rely on Medicaid to pay their long term care. — Michael Burgess
In a system where the cost of care is hidden by taxes levied on your income, property, and business activities, it is no wonder why so many Americans rely on Medicaid to pay their long term care. — Michael C. Burgess
Reforming public education, cutting property taxes, fixing adult and child protective services and funding our budget can all occur when Democrats and Republicans engage in consensus and cooperation - not cynicism and combat. — Rick Perry
Government: If you refuse to pay unjust taxes, your property will be confiscated. If you attempt to defend your property, you will be arrested. If you resist arrest, you will be clubbed. If you defend yourself against clubbing, you will be shot dead. These procedures are known as the Rule of Law. — Edward Abbey
The power of taxing people and their property is essential to the very existence of government. — James Madison
We already have an annual wealth tax on homes, the major asset of the middle class. It's called the property tax. Why not a small annual tax on the value of stocks and bonds, the major assets of the wealthy? — Robert Reich
Only now are increasing numbers of political and social scientists beginning to realize that Kelso's theories provide a private-property-based alternative to the imminent passage of a government-distributed "guaranteed income" or "negative income tax." — Hazel Henderson
The Catholic Church must be the biggest corporation in the United States. We have a branch office in every neighborhood. Our assets and real estate holdings must exceed those of Standard Oil, A.T.&T., and U.S. Steel combined. And our roster of dues-paying members must be second only to the tax rolls of the United States Government. — Avro Manhattan
In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs. — Robert Kiyosaki
Me and my dad are the biggest promoters of an estate tax in the US. It's not a popular position. — Bill Gates
The biggest industrial sector next to real estate is oil, gas and other mineral resources. They don't report any taxable income, because if you depict yourself as earning a profit, you have to pay a tax on it. So, it's all about what accountants choose to declare as profit. — Michael Hudson
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation. — Paul Ryan
You can never really own real estate for instance; if you think you can, just try not paying your property taxes for a few years. — Michael Maloney
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. — Anthony Weiner
I support exemptions from the estate tax to ensure that when Maine farm owners die, their families will be able to continue to farm the land that they have protected and lived on, often for generations. — Tom Allen
It is no secret that our tax code is drastically outdated and burdensome to all Americans. Fortunately, more and more people are aware daily of the inequities that arise from things such as the estate tax, and it has come to the forefront of Congress' agenda. — Jeff Miller
If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice. — Hillary Clinton
Donald Trump is a - the owner of a lot of real estate that he manages, he may well pay no income taxes. We know for a fact that he didn't pay any income taxes in 1978, 1979, 1984, 1992 and 1994. We know because of the reports of the New Jersey Casino Control Commission. We don't know about any year after that. — Hillary Clinton
The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability. — Michael Hudson
In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction. — Michael Hudson
Donald Trump has said that his 15 percent rate would apply to all businesses. And if that's the case, billionaire real estate magnets will get a very big tax cut. — Donald Trump
The estate tax has been a disaster. First of all it's double taxation, some people could even say it's triple taxation. — Donald Trump
We`re going to raise the estate tax for wealthy, very wealthy people. — Lawrence O'Donnell
In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations. — Hans F. Sennholz
Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation. — Ludwig von Mises
Is this not true--That in proportion to the value of their estates the extremely wealthy pay far less taxes than those of moderatemeans? Compare the amount paid by millionaires with the amount paid by ordinary citizens. I believe that in proportion to their estates they pay less than half as much as ordinary citizens, whereas they ought to pay more. — Rutherford B. Hayes
Churches are tax exempt because they are supposed to provide a public good. To prove that good to the IRS, churches arent supposed to hoard their money. They are supposed to spend it on goods and services for the faithful. Under this pretense, the church has made massive investments in tax free real estate all over the world. And when it comes to labor costs, they are almost free. — Lawrence Wright
The estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other people from having opportunities. It may be good for a family, but for society it's probably not good. And I've always been in favor of having an estate tax. — Michael Bloomberg
That is what is so marvelous about Europe; the people long ago learned that space and beauty and quiet refuges in a great city, where children may play and old people sit in the sun, are of far more value to the inhabitants than real estate taxes and contractors' greed. — Ilka Chase
The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks. — Herbert Hoover
When you can identify a specific tax that people don't like, and this is one that was designed for the Rockefellers, for the Carnegies in 1916, to fund World War I, but now it's beginning to hit small business people, real estate holders, a lot of people well down the income scale who just spent a life building assets. Suddenly they get hit with a 40%, 50% tax rate. — Paul Gigot
Estate taxes make every one of us nervous. If there’s an owner who isn’t, he has his head in the sand. — Dan Rooney
I don't know how you feel, but I'm pretty sick of church people. You know what they ought to do with churches? Tax them. If holy people are so interested in politics, government, and public policy, let them pay the price of admission like everybody else. The Catholic Church alone could wipe out the national debt if all you did was tax their real estate. — George Carlin
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