Gary Cohn Quotes

I'm spending a year dead for tax reasons.

If no estate tax is imposed, capital gains taxes can be avoided indefinitely.

I hope that the Senate acts quickly to pass this legislation so that Americans will no longer worry about having to sell the family farm or business to pay taxes after the death of a loved one.

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

I'm in spend-down. I've got a billion in cash. You can't leave people a billion pounds, can you?

The death tax should be completely and permanently repealed now in order to make the Tax Code fairer and simpler and to eliminate the harmful drag this tax has on the economy.

If we don't act now, the death tax will come back in just a few years. Under current law the death tax is phased out in 2010 but comes back in full force in 2011. That is a ridiculous and untenable policy.

I'm not gonna give the British Government the joy of keeping taxing me. They don't tax art. And all my cars are just a collection of art.

It is logical for a U.S. person to give their money away while they are alive, as the government will take it from you when you die in taxes.

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.

The truth is, no one pays more tax than they have to.

Income splitting is not a wise investment for Canadians.

I know a bit about taxation and the remarkable effort that goes in to avoiding it.

I am not going to fiddle taxes. I pay my accountant a fortune to look after me.

Eliminating the death tax is particularly important for the many small business owners and family farmers that call Central Washington home.

The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.

I was determined not to become an American citizen but I did it for completely cynical reasons: to avoid paying inheritance tax in the U.S.

Just dying should not be a reason for taxes.

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

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

Whenever you find a tax loophole, someone else is going to call it a tax incentive.

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

I am not evading tax in any way, shape or form. Now of course I am minimizing my tax and if anybody in this country doesn't minimize their tax they want their heads read because as a government I can tell you you're not spending it that well that we should be donating extra.

The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted

Over and over again courts have said that there is nothing sinister in so arranging one's affairs so as to make taxes as low as possible. Everybody does so, rich or poor, and do right, for nobody owes any public duty to pay more taxes than the law demands. Taxes are enforced exactions, not voluntary contributions.