Book of Genesis Quotes
Joseph made it a law over the land of Egypt unto this day, that Pharaoh should have the fifth part.
Old Testament, Genesis 48:26
Sourced by: Eigen's Political and Historical Quotations
Manava Dharma Shastra. These were the proper allowable taxes in the Ancient Hindu system. This translates to two percent of cattle or gold and at most 17 percent of the crops. Most industrialized democracy citizens would be very happy to have this low a tax burden. Conversely, the tax rates of modern democracies are sinful by Ancient Hindu standards. This text is a part of the Hindu Holy Texts. Hindus believe that Manu was a prophet whose text is revealed or inspired.
In contrast to Queen Victoria and the Conservative Government before him, Gladstone opposed most colonial expansionism. However, in a policy analysis that in later years would come to be called “the Domino Theory,” Gladstone felt compelled to put down the revolt.
He was referring to many of the tax earmarks and other tax legislation that in effect give funds to specific organizations or kinds of organizations or for those who engage in certain activities or sometimes just to favorite organziations. A tax credit or deduction is from a balanced budgetary perspective is no different from a subsidy.
The tax rates on income from working is much higher than on income generated from money which is invested. The reason for this is that the government wants economic growth and lowering the tax rate on investment profits will produce more investment which theoretically creates more jobs and strengthens the economy. However, most workers have no choice about whether they have to work. Lowering their tax rate will not induce them to work more. This not only produces a patently unfair burden on the worker compared to people who have capital to invest—usually among the wealthiest Americans. Another problem is that there are many forms of investment that does not produce any benefit for the United States. Many people invest in overseas banks, non American companies. These we tax at a low rate and all the benefits of the investment go to the foreign country.
[If a business takes other investors in to finance its growth or expansion, there are no tax consequences with the equity investment. However, if the same business borrows money from a bank, the business can deduct the interest cost of the debt from their federal and usually state taxes. If an individual buys a house and takes a large mortgage, the owner can deduct the interest from his taxes. However, if she instead does the more prudent and safe thing and puts more cash equity and takes a smaller mortgage, she only gets a small tax deduction.]
The Book of Genesis, the first book of the Hebrew Bible and the Christian Old Testament, is an account of the creation of the world, the early history of humanity, Israel's ancestors, and the origins of the Jewish people. Its Hebrew name is the same as its first word, Bereshit ("In the beginning").