Creasman Tax Quotes

Tax reform means, 'Don't tax you, don't tax me. Tax that fellow behind the tree.' ~ Russell B. Long

... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. ~ Campbell R. McConnell

The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden. ~ Richard Neal

The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest. ~ Ben Bernanke

A flat tax is roughly the same as a sales tax. ~ Bob Frank

A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform. ~ Russell B. Long

A consumption tax, a national sales tax makes some sense. But I think that if we move towards a Fair Tax, if we move towards a national sales tax, we have to make sure that we do away with the income tax. ~ Ken Buck

Democrats are not about to nominate anyone who backs the tax cut, and Americans are not going to elect anyone who favors a tax increase. ~ Dick Morris

Let's abolish the IRS, let's eliminate income tax, let's eliminate corporate tax, let's balance the federal budget, and if we need a tax, it can be one federal consumption tax. ~ Gary Johnson

Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it's been sent to India or another country. ~ Melissa Bean

Many states rely on sales tax as their principle source of revenue and do not have a State income tax. ~ William L. Jenkins

I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax. ~ Michele Bachmann

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

Many Republicans have what I call a 'tax-cut syndrome' where they have never seen a tax cut they didn't really like and didn't see a tax increase they didn't hate and do everything they could to block. ~ Peter George Peterson

The death tax should be completely and permanently repealed now in order to make the Tax Code fairer and simpler and to eliminate the harmful drag this tax has on the economy. ~ Kit Bond

Everyone wants a more simple tax system. But if this means that certain tax breaks have to be cut, people are no longer so enthusiastic. ~ Angela Merkel

Government is not being honest with taxpayers when it renews existing tax breaks and calls them new tax cuts. ~ Jason Chaffetz

Americans spend 3 billion hours per year filling out tax forms and keeping tax records. ~ Jim Ramstad

I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue. ~ Nigel Lawson

Liberal Democrats are inexorably opposed to tax cuts, because tax cuts give people more power, and take away from the role of government. ~ Rush Limbaugh

We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is a fair tax for everybody, because as long as we still have this messed-up tax code, the politicians are going to use it to reward winners and losers. ~ Herman Cain

TOP TAX SYSTEM is the only solution to check economic recession, inflation, unemployment, corruption, tax evasion, black money, fake currency and poverty, extortions, ransoms and robberies. Read full article on TOP TAX SYSTEM on the website - http://singletax.org ~ VIJAYA KRUSHNA VARMA

As president, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan would be the largest tax cut in American history, reforming individual, business, and worker taxes. ~ Rand Paul

What Mae West said about sex is true about taxes. All tax cuts are good tax cuts; even bad tax cuts are good tax cuts. ~ Grover Norquist

The important thing about tax reform is you make the tax code less complicated, easier for people to understand. ~ Grover Norquist

I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates. ~ Jason Chaffetz

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world. ~ Jason Chaffetz

We need to stop kicking the can down the road and rethink our entire tax system toward long-term, comprehensive tax reform. ~ Brad Schneider

What I argue for is a progressive tax, a global tax, based on the taxation of private property. ~ Thomas Piketty

Congress must also enact pro-growth policies that encourage the economy to expand: like making tax relief permanent and repealing the death tax. ~ Michael Steele

Tax season always means a deluge of tax advice. Unfortunately, most of it is futile and lightweight. ~ Robert Kiyosaki

I'm against tax increases on anyone, period, end of debate. ~ Tom Cole

By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class. ~ John Podhoretz

In income tax, there is no case for amnesty. ~ P. Chidambaram

The difference between tax avoidance and tax evasion is the thickness of a prison wall. ~ Denis Healey

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011. ~ Arthur Laffer

We certainly could have voted on making the middle-class tax cuts and tax cuts for working families permanent had the Republicans not insisted that the only way they would support those tax breaks is if we also added $700 billion to the deficit to give tax breaks to the wealthiest 2 percent of Americans. That's what was really disturbing. ~ Debbie Wasserman Schultz

The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world. ~ Thomas Piketty

Rick Perry unveiled his new tax plan. He says he wants a flat tax. He believes that tax should be flat, just like the earth. ~ Jay Leno

It was absolutely critical to renew the Bush tax cuts. Letting them expire would result in a massive tax increase that would retard economic growth. ~ Mitt Romney

In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations. ~ Virgil Goode

The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction. ~ Thomas Sowell

Each and every year, the United States loses an estimated $100 billion a year in tax revenues due to offshore tax abuses by the wealthy and large corporations. ~ Bernie Sanders

There is an old adage that the quickest way to drop your tax take is to increase taxes. If capital gains tax is going to be 50 percent, my contingent capital gains tax is going to be 250 million pounds. ~ Peter Hargreaves

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

Effective tax credits are used to create jobs and grow our economy. But tax credits that aren't delivering for Missourians must be retooled and reformed. ~ Jay Nixon

Income tax returns are the most imaginative fiction being written today. ~ Herman Wouk

Tax reductions are usually simpler and less distortive. I'm certainly willing to look at getting rid of tax deductions/credits, and go to dramatically reduced rates. ~ Grover Norquist

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

Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right. ~ Jared Bernstein

We're going to have a tax cut. Today's American family is overtaxed at all levels. ~ Dick Armey

I'm for tax reform, not tax increases. ~ Grover Norquist

[T]hese tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth. ~ Barack Obama

If you drive a car, I'll tax the street;
if you try to sit, I'll tax your seat; if you get too cold, I'll tax the heat; if you take a walk, I'll tax your feet. ~ George Harrison

Don't tax you, don't tax me;
Tax the companies across the sea. ~ Dan Rostenkowski

Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair. ~ Gary Johnson

While the wealthiest families completely benefit from the tax cuts targeted towards the upper brackets, middle-income families were hit with the unwelcome surprise of higher taxes on tax day. ~ Tim Bishop

I fail to understand how you can justify a poll tax on the entire population, yet exclude a significant proportion of that population from programmes that this tax is paying for. ~ Jonathan Dimbleby

Tax reform is a once-in-a-generation opportunity. ~ Max Baucus

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity. ~ Alan Greenspan

I would like to electrocute everyone who uses the word 'fair' in connection with income tax policies. ~ William F. Buckley, Jr.

We have reduced sales tax on food. Now we want it eliminated. ~ Joe Manchin

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

We are told that this is an odious and unpopular tax. I never knew a tax that was not odious and unpopular with the people who paid it. ~ John Sherman

I think the Bush tax cuts should be made permanent. ~ Vito Fossella

You are smart people. You know that the tax cuts have not fueled record revenues ... You know that the first order effect of cutting taxes is to lower tax revenues. We all agree that the ultimate reduction in tax revenues can be less than this first order effect, because lower tax rates encourage greater economic activity and thus expand the tax base. No thoughtful person believes that this possible offset more than compensated for the first effect for these tax cuts. Not a single one. ~ Andrew Samwick

I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues. ~ Arthur Laffer

I personally - if I were designing the tax code - would have a tax code in which Mitt Romney paid more than 13 percent, given what I know about the kind of investments he made money from. ~ Bill Kristol

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

The Clinton tax increase - which was an increase in taxes primarily on upper-income people - not only made the tax code more nearly progressive, it preceded one of the most productive economic periods in American life. ~ Barney Frank

I think we should worry about Social Security first and then tax cuts second. ~ Bobby Scott

I think in 2012 one of the primary issues that will get a lot of discussion will be comprehensive tax reform. ~ Tom Reed

Tax increases appear to have a very large sustained and highly significant negative impact on output. ~ Christina Romer

I am for our not having any discrimination in tax legislation. ~ Angela Merkel

Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount. ~ Arthur Laffer

In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations. ~ Kevin McCarthy

America is a land of taxation that was founded to avoid taxation. ~ Laurence J. Peter

A direct tax upon the wages of labour, therefore, though the labourer might perhaps pay it out of his hand, could not properly be said to be even advanced by him, at least if the demand for labour and the average price of provisions remained the same after the tax as before it. In all such cases, not only the tax but something more than the tax would in reality be advanced by the person who immediately employed him. ~ Adam Smith

I'm in favor of doing tax reform, but I think tax reform ought to be revenue neutral as it was back during the [Ronald] Reagan years. We've resolved this issue. ~ Mitch McConnell

I'm like tax. You're going to pay one way or the other. ~ Shaquille O'Neal

Tax incentives might spur hiring in the short run, but how lasting are those gains if the jobs expire with the tax credits and they come at the expense of investing in the new technologies of the future? ~ Myron Scholes

I've never supported a wage tax and I've never supported a payroll tax. ~ David Dewhurst

The idea of a tax on the ownership of a television belongs in the 1950s. Why not tax people for owning a washing machine to fund the manufacture of Persil? ~ Jeremy Paxman

Tax returns give you nothing. Tax returns give you no information. ~ Donald Trump

The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over the same period. ~ Arthur Laffer

Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues. ~ Mike Pence

The hardest thing in the world to understand is the income tax. ~ Albert Einstein

If you increase the sales tax ... everybody would be taxed. ~ Robert Strauss

I think we can have some tax reform, but that doesn't mean tax increases. We ought to make the, the rates flatter. We ought to get rid of a bunch of those loopholes. ~ John Kasich

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

The United States has a system of taxation by confession ~ Hugo Black

I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army. ~ Frank Zappa

If you have to change the law to get more money, that's a tax increase, and Americans for Tax Reform supports all efforts of tax reform, getting rid of deductions or credits, or something that's misclassified, as long as you at the same time reduce rates so that it's not a hidden tax. ~ Grover Norquist

The bourgeoisie are today evading taxation by bribery and through their connections; we must close all loopholes. ~ Vladimir Lenin

We will attract more people to Kentucky by lowering our income tax rate. In fact, lowering the income tax rate is the single most important thing we can do to create opportunity. ~ Ernie Fletcher

Our Income Tax System is a disgrace to the human race. ~ Jimmy Carter

I think it is a great error to consider a heavy tax on wines as a tax on luxury. On the contrary, it is a tax on the health of our citizens. ~ Thomas Jefferson

What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax. ~ Arthur Laffer

The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth. ~ Neal Boortz

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