Allen West Quotes

Yes, the rich will find ways to avoid paying more taxes, courtesy of clever accountants and tax attorneys. But this has always been the case, regardless of where the tax rate is set.

If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.

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.

What I advise clients is, sell, pay the tax and be happy. Don't ask me to find a replacement unless it's land.

The really rich people figure out how to dodge taxes anyway.

I thought I would spend the rest of my life being a good tax lawyer. The interesting thing about being a tax lawyer is, none of your clients are poor. I had clients come to me and say, 'Can you help us make investments?' That led to me getting into the real estate business.

Income splitting is not a wise investment for Canadians.

A one-time tax does not get figured into people's investment decisions.

During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.

Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.

It's really American to avoid paying taxes, legally.

Those who make money off of money get a better deal in the Tax Code than those who make money from hard work.

Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.

Have you seen a copy of Tax Tips for Billionaires?

I don't blame anybody for using the tax code to their advantage.

As more and more Americans own shares of stock, more and more Americans understand that taxing businesses is taxing them. Regulating businesses is taxing them. They ought to be thinking long-term about their ownership, not just their income, and that they should pay taxes on capital, as well as taxes on labor.

One in four corporations doesn't pay any taxes.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

I have no interest in becoming a tax exile and living somewhere I don't want to - I just want to be at home with my family.

Leave no stone unturned to help your clients realize maximum profits from their investment.

Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.

Most people sell stock to pay taxes, but I didn't want to sell any stock.

I mean I get loads of money, all from different sources. You give it to your accountant. They manage it. But you pay corporation tax. If you're then taking it out and spending it on yourself, you have to pay more.

'Simplifying' the tax code is a priority mainly for people who make enough money to want to avoid paying taxes, and who make their money by means unorthodox enough to make avoiding taxes possible and desirable.

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.