Deductions For Taxes Quotes & Sayings

Thinking is free, planning is also free, but action taking is not free; you have a price to pay. Success is not luck; it demands work ... hard work of course! — Israelmore Ayivor

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. — Ralph Hall

I think there were bad actors in the government and bad actors in the finance, mortgage, markets industries that need to be called out and held accountable. — Hillary Clinton

Why I've advocated a proportional tax system. You make $10 billion, you pay a billion. You make $10, you pay one. And everybody gets treated the same way. And you get rid of the deductions, you get rid of all the loopholes. — Benjamin Carson

From World War II until 1981 the top marginal income tax rate never fell below 70 percent. Under President Dwight Eisenhower, a Republican whom no one ever accused of being a socialist, the top rate was 91 percent. Even after all deductions and credits, Americans with incomes of over $1 million (in today's dollars) paid a top marginal rate, on average, of 52 percent. As recently as the late 1980s, the top tax rate on capital gains was 35 percent. But as income and wealth have accumulated at the top, so has the political power to reduce taxes. The Bush tax cuts of 2001 and 2003, which were extended for two years in December 2010, capped top rates at 35 percent, their lowest level in more than half a century, and reduced capital gains taxes to 15 percent. — Robert B. Reich

Great thoughts come from the heart — Luc De Clapiers De Vauvenargues

President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent. — Dick Morris

But Tess always wondered - maybe people were better off with the watered-down version of life, life with blinders, filters, cars that ran and buildings that went up on time, simple, stupid, mindless jobs. Maybe they were happy. — Jennifer McMahon

Philosophy is an unusually stubborn attempt to think clearly. — William James

I'm for eliminating deductions and taking some of the money to buy down rates and put it on the debt. That's not raising taxes. That's solving a problem. — Lindsey Graham

Enjoy it well. Strengthen the feebler, lighten the darker, love all. Hail and be glad. — C.S. Lewis

I favor the abolition of all Social Security, Medicare and estate taxes. In their place, we should create a simple income tax system that has no deductions or credits at all. — Ari Fleischer