Rudy Giuliani Quotes

Trump's tax returns - his tax returns showed he went through a very difficult time, but he used the tax code just the way it's supposed to be used. And he did it brilliantly.

People like Donald Trump can take all the money that's made from a TV show, from selling neckties made in China, running golf courses, and wipe out that income for tax purposes with depreciation. Only a narrow segment of people qualify for this.

A Tax Loophole: A deduction that the other guy gets.

The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.

The question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.

Our laws demand that a corporation have a fiduciary responsibility with shareholders to maximize profits. They are legally required to make as much money as possible, any way possible within 'the law.'

Smaller tax refunds are not a bad thing - they're a sign that people are keeping more of their money as they earn it, rather than letting Uncle Sam keep it under his mattress for them.

When, as an individual, you are not paying taxes, it is evasion. As a corporate, it is legal shrewdness or tax engineering.

Like the stocks of both Berkshire and Wesco to trade within hailing distance of what we think of as intrinsic value. When it runs up, we try to talk it down. That's not at all common in Corporate America, but that's the way we act.

All the big corporations depreciate their possessions, and you can, too, provided you use them for business purposes. For example, if you subscribe to the Wall Street Journal, a business-related newspaper, you can deduct the cost of your house, because, in the words of U.S. Supreme Court Chief Justice Warren Burger in a landmark 1979 tax decision: Where else are you going to read the paper? Outside? What if it rains?

I think we've got to look at corporate law. Back in the day when I studied it, there were different constituencies that were to be served, and I think there was a real wrong turn about 20 to 25 years ago when the theory began to be promoted that your highest duty - in fact, some would argue, your only duty - is to maximize shareholder return. I just don't buy it. And it wasn't the original underpinnings of the legal theory of corporate law.

If I get married I get a tax break, if I have a kid I get a tax break, if I get a mortgage I get a tax break. I don't have any kids and I drive a hybrid, I think I should get a tax break. I'm trying to pay off my apartment so I have something tangible. I actually figured out if I paid off my place my reward would be that I would pay an extra four grand a year in taxes.

They are involve in producing products and there are different kinds of people running them, but the principle is the same. A corporation shouldn't have the right. Under American law as its developed over the past century, corporation do have personal rights, but I think that's a very negative development.

I understand the tax code better than anybody that's ever run for president.

It's a little different when you spend 30 years developing all these companies that we just ask [Donald Trump] to sell them. So I don't think that's a fair request.

The Hindus have a peculiar slovenliness in business matters, not being sufficiently methodical and strict in keeping accounts etc.

What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...In other words, what you had is a detachment of people who know the business from people who are running the business.

We're in a world that is run by accountants and I think that it's sad in many ways.

Our business is not based on having information about you. You’re not our product. Our product are these, and this watch, and Macs and so forth. And so we run a very different company. I think everyone has to ask, how do companies make their money? Follow the money. And if they’re making money mainly by collecting gobs of personal data, I think you have a right to be worried.

On the face of it, shareholder value is the dumbest idea in the world.

I think, any politician, you have to hold them to their word. And conservatives run on fiscal conservatism. .

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.

Why can't Americans do their own taxes? Because the federal Tax Code is out of control, that's why. It's gigantic and insanely complex, and it gets worse all the time. Nobody has ever read the whole thing. IRS workers are afraid to go into the same ROOM with it.

Think What You Do When You Run in Debt: You Give to Another Power over Your Liberty