Charlie Munger Quotes

Bush already gave obscene tax breaks to people like me and Warren Buffet, and we are saying it's not fair.

We are all are equal, but some pay higher tax rates than others.

If anything, taxes for the lower and middle class and maybe even the upper middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.

Employees pay the highest percentage of taxes. Big business and investors pay the least.

If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.

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

Friends, I'm angry about what's happening in politics today! Why is it wrong to ask the wealthiest people and most profitable corporations to pay their fair share?

There certainly is a case to be made that taxes should be more progressive.

Social injustice is what puts Scotland at its greatest disadvantage, and restoring the 50p tax rate will start to fight that.

I agreed with everything he was saying when he ran for president. I was listening to what he said. I go, this guy thinks like me and I agree with him. Now he's changing. All he keeps saying is millionaires and billionaires don't pay their fair share of taxes.

So when the only domestic social policy is tax cuts that mostly benefit the wealthiest Americans, we say, 'Where is faith being put into action here?'

If a budget is designed to show our values, it's clear where the majority stands: against opportunity, against education, and against America's hard-working, tax-paying middle class.

Low-income taxpayers deserve the same rights as everyone else. It was wrong of the IRS to target low-income taxpayers, and I am please by the decision to correct this unfair practice.

The 55% of American households that make less than $40,000 will get a tax break of only $7 while the households that make more than $1 million will receive an average tax break of $32,000.

The problem with the economy isn't that people aren't paying their fair share of taxes.

You've seen my statements; I do very well. I don't mind paying some taxes. The middle class is getting clobbered in this country. You know the middle class built this country, not the hedge fund guys, but I know people in hedge funds that pay almost nothing, and it's ridiculous, OK?

I don't know how anyone can keep a straight face and say they are for deficit reduction while they insist on a permanent tax cut for the wealthiest Americans, completely unpaid for.

Here we have in New York Mr. Aster with an income of millions derived from real estate, … and we have along side of him a poor man receiving $1000 a year. What is the discrimination of the law in that case? It is altogether against the poor man—Everything that he consumes we tax, and yet we are afraid to tax the income of Mr. Astor. Is there any justice to it? Why, sir, the income tax is the only one that tends to equalize the burdens between rich and poor.

I did a little study of my office, and the average worker pays a higher tax rate than I do. If the government needs money, it should get if from me rather than my secretary of the person who will serve my lunch today.

Demanding that the rich get a tax cut as a condition for tax relief for others is simply elitist.

Income splitting benefits only fifteen per cent, mostly the wealthiest Canadians, but it's paid for by everyone.

It's not class warfare to suggest that we shouldn't look to seniors and the less fortunate to bear the brunt of deficit reduction. I believe America needs to understand there needs to be a sense of fairness.

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.