Donald Trump Quotes

Tax laws favor capital over labor, giving capital gains a lower rate than ordinary income. The rich get humongous mortgage interest deductions while renters get no deduction at all.

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.

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

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

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.

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

It's really a question of fairness and what kind of country we're going to live in. There are 22,000 people making over $1 million. They're paying an effective tax rate in the teens. As Warren Buffett said, he pays less in taxes effectively than his secretary does. That's not right.

Not surprisingly, some of the super-rich declined to join the Patriotic Millionaires when the Agenda Project reached out to them. At least two airily dismissed the Bush tax cuts for millionaires and above - which will cost well over $700 billion over the coming decade - as small potatoes.

The middle class should not continue to foot the bill for tax breaks for millionaires and billionaires.

According to the IRS, the wealthiest 400 Americans, who earned an average of roughly $270 million in 2008, paid an average tax rate of just 18.2 percent that year. That's about the same rate paid by a single truck driver in Rhode Island. It's not right, and we need to restore fairness to our tax code.

When I buy a $3 pack of toilet paper …, I pay an extra 8.25 percent in sales tax. But if a high roller in the high frequency [stock] trade game buys $10 million worth of corporate stock, he or she pays zero tax on the sale. That’s why we need a financial transaction tax.

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

I am part of the 1 percent of the 1 percent. By that, I mean that I am fortunate to be a wealthy American, and I say, 'It's okay to raise my taxes.'

I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be fair it's within the tax laws, so that they were regularly paying virtually no income tax. And I don't think that's right.

I don't think most Americans understand that, for certain very wealthy people, our federal income tax system is a subsidy system that makes them richer.

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.

Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.

When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call "incidence of taxes." If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.

I think the rest of the country should be paying less, the 95 percent that [Barack] Obama talks about or maybe even a little higher than that.

We are giving away the country so a few very rich people can get richer.

Cutting taxes even more on the wealthy and corporations, that's not going to help anybody except the wealthy and corporations.

I think the media and the candidates have got to talk about why the middle class is in decline and why we have massive levels of income and wealth inequality.

I think the idea that the hedge fund manager gets lower taxes than the taxi driver or the physics professor is insane. The legislators who leave that policy in place are derelict in their duties to be rational and fair. There are plenty of them in both political parties. It's totally outrageous.

The billionaires pay an effective tax rate lower than nurses or truck drivers. That makes no sense at all. There has to be real tax reform, and the wealthiest and large corporations will pay.

Imagine what would happen if the government were to take the wealth of 200,000 of India's richest people and redistribute it amongst 2 million of India's poorest? We would hear a lot about socialist appropriation and the death of democracy. Why should taking from the rich be called appropriation and taking from the poor be called development?