Quotes & Sayings About Excise Tax

The United States is absolutely ripe for a rise in gasoline taxes. The nominal gasoline excise tax rate has been fixed at 18.4 cents per gallon since 1994.29 Inflation alone has reduced the real value of that tax per gallon by around 30 percent. As with other federal tax rates, the U.S. excise tax rate on gasoline is extremely low by international comparison. We might conservatively assume that by 2015 an extra 0.5 percent of GDP could be collected by some combination of a higher gasoline excise tax and modest carbon levies on other fossil fuels (such as on coal at the utilities). Other — Jeffrey D. Sachs

Customs inspectors could not stop the export of software through telephone lines; labour inspectors could not stop software engineers from talking to customers in America at night; excise inspectors could not harass the IT firms because the government did not levy tax on services. Much like Gurgaon, India's knowledge economy literally grew at night when the government slept. — Gurcharan Das

What it 't to us, if taxes rise or fall,
Thanks to our fortune, we pay none at all.
Let muckworms who in dirty acres deal,
Lament those hardships which we cannot feel,
His grace who smarts, may bellow if he please,
But must I bellow too, who sit at ease?
By custom safe, the poets' numbers flow,
Free as the light and air some years ago.
No statesman e'er will find it worth his pains
To tax our labours, and excise our brains.
Burthens like these with earthly buildings bear,
No tributes laid on castles in the air. — Charles Churchill

Back then, the excise tax was designed to be a luxury tax for people who owned telephones. — Mike Fitzpatrick

Excise: A hateful tax levied upon commodities, and adjudged not by the common judges of property, but wretches hired by those to whom excise is paid. — Samuel Johnson

In December 1790, with other options foreclosed, Hamilton revived a proposal he had floated in his Report on Public Credit: an excise tax on whiskey and other domestic spirits. He knew the measure would be loathed in rural areas that thrived on moonshine, but he thought this might be more palatable to farmers than a land tax. Hamilton confessed to Washington an ulterior political motive for this liquor tax: he wanted to lay "hold of so valuable a resource of revenue before it was generally preoccupied by the state governments." As with assumption, he wanted to starve the states of revenue and shore up the federal government. Jefferson did not exaggerate Hamilton's canny capacity to clothe political objectives in technical garb. There were hidden agendas buried inside Hamilton's economic program, agendas that he tended to share with high-level colleagues but not always with the public. To — Ron Chernow

The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed. — Alan Keyes

Hillary Clinton has decided to line up with John McCain in pushing to suspend the federal excise tax on gasoline, 18.4 cents a gallon, for this summer's travel season. This is not an energy policy. This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country. — Thomas Friedman