Federal Taxes Quotes & Sayings

As income taxes and capital-gains taxes were reduced in the United States beginning in the 1980s, the share of federal taxes paid by "the rich" steadily went up. From 1980 to 2010, as the top 1 percent increased their share of before-tax income from 9 percent to 15 percent, their share of the individual income tax soared from 17 percent to 39 percent of the total paid. Their share of total federal taxes more than doubled during a period when the highest marginal tax rate was cut in half, from 70 percent to 35.5 percent. The wealthy, in short, are already paying more than their fair share of taxes, and the growth in their wealth and incomes has had nothing to do with tax avoidance or deflecting the tax burden to the middle class. — James Piereson

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

Instead of talking about cuts in Social Security, Medicare and Medicaid, we must end the absurdity of corporations not paying a nickel in federal income taxes. — Bernie Sanders

Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result, many professional investors think the government would repay the debt that Fannie Mae had issued if the company could not, although Fannie Mae explicitly says that its bonds do not carry a federal guarantee. — Alex Berenson

Federal government shutdowns are unsettling, because you realize how little you depend on it compared to the money you give in taxes. — Roosh V

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans. — Ron Paul

Innovations in science and technology are the engines of the 21st-century economy; if you care about the wealth and health of your nation tomorrow, then you'd better rethink how you allocate taxes to fund science. The federal budget needs to recognize this. — Neil DeGrasse Tyson

Skousen's movement (it changed its name from the Freemen Institute to the National Center for Constitutional Studies after militia groups began to use the "freemen" label) persisted. Skousen, claiming to represent the beliefs of the Founding Fathers, called for the abolition of Social Security, farm subsidies, and education and welfare funding; pulling out of the United Nations; and eliminating federal income taxes and most federal regulatory agencies. Skousen's ideas might have died with him, but all that changed when Beck turned The 5,000 Year Leap into his manifesto. Skousen, — Dana Milbank

Louisiana's fiscal troubles can be traced to the economic boom that followed Hurricane Katrina in 2005, when rebuilding efforts, insurance payouts and federal money pushed cash into the state budget. Many lawmakers expected the heady times and increased revenue to last, and they made the bold decision to cut income taxes by roughly $700 million annually for the highest brackets - a decision some are now second-guessing. — Anonymous

You take the huge income that comes with a big gas tax, and you use it to pay off regressive taxes like the FICA [Federal Insurance Contributions Act] tax. You can help the poor in other ways besides giving them cheap gas. You want to send the message that people want to be as efficient as possible using gasoline until we can transition away from that need entirely. — Paul R. Ehrlich

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

[Obama] was highly praised, including by his supporters, for his statesmanlike attitude during the lame-duck session, bipartisanship, and getting legislation through. What did he get through? The main achievement was a huge tax cut for the extremely wealthy ... Meanwhile, at the same time, he initiated a tax increase on federal workers. Of course, no one called it a tax increase. That doesn't sound good. They called it a pay freeze. But a pay freeze on public-sector workers is exactly the same thing as a tax increase. So we punish public-sector workers and reward the executives of Goldman Sachs, who just announced a $17.5 billion compensation package for themselves. — Noam Chomsky

For states' rights advocates, the Constitution is like a contract that is openly violated by one party with impunity. On paper, the states remain sovereign powers, while in reality the federal government appears able to dictate everything from the ingredients of school lunches to speed limits. Congress now routinely collects taxes in order to return the money to the states with conditions on their conforming to federal demands. — Jonathan Turley

The median family of four ... paid $4,722 in federal taxes last year. That's enough to pay for a new curtain for the secretary of commerce's office, to bribe a farmer not to plant 38 acres with corn ... seven weeks of salary for a Customs man assigned to save us from the terror of high-quality, low priced foreign TV sets, or the subsidy on 6,000 bushels of wheat to prop up the Soviet regime. Surely civilization would collapse without such essential services. — Alan Bock

Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes. — Lawrence O'Donnell

We've got to be explicit that the road to greater economic success does not lie in this cosy assumption that you can move from a single market through a single currency to harmonising all your taxes and then having a federal fiscal policy and then effectively having a federal State. — Gordon Brown

States were barred from financing their immigration systems with specific taxes on immigrants and transportation companies, leaving the continued existence of these state institutions to the general state fisc or the generosity of private charitable organizations interested in immigrant welfare and integration. The resource strain on states and charitable organizations placed enormous pressure on Congress to enact federal law. — Pratheepan Gulasekaram

As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during a sustained period of economic doldrums is a wretched idea. — John Podhoretz

Romney has adopted almost every position conservatives want their candidate to espouse: He's pro-life, he wants to repeal ObamaCare, he wants to cut taxes and cut the federal budget, and he wants an unapologetic foreign policy dedicated to the proposition that this too will be the American century. — John Podhoretz

Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives. — Karl Rove

During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year of armed conflict they were $475 million and, by 1865, had risen to one billion, three-hundred million dollars. On the income side of the ledger, taxes covered only about eleven per cent of that figure. By the end of the war, the deficit had risen to $2.61 billion. That money had to come from somewhere. — G. Edward Griffin

The rapid growth in many of our suburbs has spawned a booming construction industry eager to hire low wage immigrants who gladly fill these jobs, many of them happy to be paid in cash, free of federal and state taxes. — Spencer Bachus

I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends. They take from the woman who comes in and takes the wastebaskets out. — Howard Warren Buffett

As president, Reagan worked very well with Democrats to do big things. It is true that he worked to reduce the size of government and cut federal taxes and he eliminated many regulations, but he also raised taxes when necessary. — Arnold Schwarzenegger

All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent. — Thomas Piketty

The problem isn't a Congress that won't cut spending or a president who won't raise taxes. The problem is an American public with a bottomless sense of entitlement to federal money. — P. J. O'Rourke

History lesson, folks: The tax system we have today - the one we've come to know and love - began ninety-four years ago as a (drum roll, please) flat tax! The monstrosity you see today is a flat tax on income after nearly a century of very imperfect evolution. At first, only a very small percentage of Americans were asked to pay income tax. In fact, that's how they sold it to us - as a tax on the rich!
Well, that all changed with World War II. The cost of the war effort led to an expansion of those who paid federal income taxes - and we were off to the races. The tax code was flattened again, if you will, in 1986. Since that time it has been amended 16,000 times. We now have more than 67,000 pages of statutes and regulations - which helps explain why, last year, nearly two-thirds of all tax filers had to seek professional help with their tax return. — Neal Boortz

You know if the U.S. Government wanted to boost the economy there's a simple solution make Black Friday the refund date for your state and federal taxes — Stanley Victor Paskavich

As far as income tax payments go, sources vary in their accounts, but a range of studies find that immigrants pay between $90 billion and $140 billion in Federal, State, and local taxes. — Luis Gutierrez

For the last 50 years, the federal government has taken out of the Gulf Coast $165 billion in taxes that came from oil and gas off of our coast that went to the federal Treasury, to rebuild all places in America except the place that it came from. — Mary Landrieu

Are we ever going to have a federal tax system that regular people can understand? — Dave Barry

It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation. — Walter E. Williams

I don't think the folks in the low-tax states really want to go into a fairness discussion. Residents of Connecticut and New York would love to remind them how much they pay in federal taxes to support programs for Mississippi and South Dakota. — Gail Collins

The blame for the maddening complications of the federal tax system goes to the people with the most money — Nicholas Von Hoffman

Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come. — Dick Morris

Income taxes are responsible for the transformation of the Federal government from one of limited powers into a vast leviathan whose tentacles reach into almost every aspect of American life. — Ron Paul

I would cap the amount of federal government can spend at 20 percent of the economy. Bring it back to 20 percent or lower. And say, we are not going to spend above that level. Democrats, they want to raise your taxes and spend more and more and turn us into an economy which is no longer driven by the private sector. — Mitt Romney

The latest Congressional Budget Office figures show that the top 1 percent of income earners in the United States paid 39 percent of federal income taxes while earning 18 percent of pretax income and the top 5 percent of income earners paid 61 percent of federal income taxes while earning 31 percent of pretax income. Indeed, the top 40 percent of income earners paid 99.4 percent of federal income taxes. The bottom 40 percent of income earners paid no federal income tax and received 3.8 percent from the tax system. And the middle 20 percent of income earners pay only 4.4 percent of federal income taxes.3 — Mark R. Levin

No animal on the face of the earth could conceive of taxation. You and I work roughly six months a year to pay our local, state and federal taxes. If nothing else, this should convince you that animals are smarter than people. — Rita Mae Brown

In August 2008, the General Accountability Office issued a report. According to this report, two out of every three corporations in the United States paid no Federal income taxes between 1998 and 2005. — Bernie Sanders

Why can't Americans do their own taxes? Because the federal Tax Code is out of control, that's why. It's gigantic and insanely complex, and it gets worse all the time. Nobody has ever read the whole thing. IRS workers are afraid to go into the same ROOM with it. — Dave Barry

We all pay federal taxes that we send to Washington and it is not unusual that as Americans we would expect some federal investment in the cities and metro areas because we're the ones that are generating the economic activity. — Michael Nutter

Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes. — Pedro Pierluisi

For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth. — David Malpass

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. — Cathy McMorris Rodgers

Why the conservatives, who controlled all three branches of the federal government, were still so enraged
at respectful skeptics of the Iraq War, at gay couples who wanted to get married, at bland Al Gore and cautious Hillary Clinton, at endangered species and their advocates, at taxes and gas prices that were among the lowest of any industrialized nation, at a mainstream media whose corporate owners were themselves conservatives, at the Mexicans who cut their grass and washed their dishes
was somewhat mysterious to Walter. — Jonathan Franzen

The middle class of America must pay some federal income taxes or this will no longer be America. — Frank Coyle

In 2008, Goldman Sachs only paid 1.1 percent of its income in taxes even though it earned a profit of $2.3 billion and received an almost $800 billion from the Federal Reserve and U.S. Treasury Department. — Bernie Sanders

Even in the domain of conventional currencies, this trend is in evidence. Today, 14 U.S. states, namely, Colorado, Georgia, Idaho, Indiana, Missouri, Montana, New Hampshire, North Carolina, South Carolina, Tennessee, Utah, Vermont, Virginia, and Washington, have taken action to create their own state currency, usually backed by a precious metal such as gold or silver.24 In the case of Utah, for example, the Utah Legislature has passed a bill allowing gold and silver coins to be used as legal tender in the state - and for the value of their precious metal, not just the face value of the coins. Utah's bill allows stores to accept gold and silver coins as legal tender. It also exempts gold and silver transactions from the state's capital gains tax, though that does not shield exchanges from federal taxes. — Bernard A. Lietaer

According to the federal government's own figures, the top 1 percent of U.S. wage earners were responsible for 68 percent of all federal tax receipts in 2011. Not just federal income tax, mind you, all federal taxes. — Mary Katharine Ham

In the name of short-term stimulus, he [Obama] will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. — Dick Morris

My personal taxes are 53% of my taxable income. That's 36% on the federal level and 17% for state and local. — Stephen A. Schwarzman

After 2003, we lowered taxes across the board. And by 2004, revenue to the federal government grew. In the 1980s, Ronald Reagan cut taxes dramatically. And by the end of the decade, revenue coming in the federal government had doubled. — Pat Toomey

Tea Party adherents seemed to arrive at their dislike of the federal government via three routes--through their religious faith (the government curtailed the church, they felt), through hatred of taxes (which they saw as too high and too progressive), and through its impact on their loss of honor. — Arlie Russell Hochschild

American businesses and upper incomes pay a larger portion of the federal taxes of our national taxes than any country in the world. — Jim DeMint