Quotes & Sayings About Paying Income Tax

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

I've got people handling the media. I employ at the moment two people. No-one is paying income tax on the money they use to employ people. — Ken Livingstone

I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be fair it's within the tax laws, so that they were regularly paying virtually no income tax. And I don't think that's right. — George Osborne

We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America. — Barney Frank

I've been paying a lot of money in state income taxes, and I've been happy to do it, but when this last thing happened, this 50 percent increase in the tax rate, it was just too much. — Tom Golisano

New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president's budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government. — Michael J. Boskin

Fewer and fewer people are paying larger and larger percentage of the tax burden, as you know, almost half the people pay no income taxes at all. We're going to have more people in the wagon than we got pulling the wagon before long and that's not going to work. Those jobless numbers, you know, go hand-in-hand with those tax numbers. — Fred Thompson

The only thing that hurts more than paying an income tax is not having to pay an income tax. — Thomas Dewar

We are carrying contraband words with us, memorized, tucked away in tattered journals and stored magically on disks in Anna's left pocket. Canadian words, queer words that we spoke on-stage for money in the land of the brave. With no valid permit, license, visa or contract to do so. Felons, really, all of us, and now we intended to flee the scene without paying income tax on the twelve dollars and fifty American cents we each made. It's just this kind of shameless law-breaking that gives all poets a bad name. — Ivan E. Coyote

High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources. — Thomas Sowell

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

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home. — Suze Orman

And my response is 70,000 people in the state of Maine that paid income tax in 2011 will not be paying income tax in 2012. — Paul LePage

So I'm not proposing anything radical. I just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under Bill Clinton. Back when our economy created nearly 23 million new jobs, the biggest budget surplus in history, and plenty of millionaires to boot ... At the same time, most people agree that we should not raise taxes on middle-class families or small businesses
not when so many folks are just trying to get by. — Barack Obama