Jim Elliot Quotes
When you find out that 40 percent of the big corporate taxpayers paid less than $500 in tax, you begin to think something is amiss.
Tax breaks and deductions had become so prolific and complex that most of the larger corporations paid not only a smaller percentage of taxes than many small businesses, but also paid a smaller amount.
Jim Elliot, Montana State Senator, Statement, November 2, 2005
Sourced by: Eigen's Political and Historical Quotations
Two decades later, in 2011, the fact that the very wealthy often paid tax at a much lower rate than the middle class and even some working poor became a major political issue.
This became known as the Buffet Principle—that the very rich should not pay a lower tax rate than the workers who make far less money than they do. President Barack Obama used this principle by name in calling for the 2011 Jobs Act which would eliminate some of the loopholes and exemptions by which the rich could avoid some or much or their tax obligation.
Philip James Elliot was an American Christian missionary and one of five people killed during Operation Auca, an attempt to evangelize the Huaorani people of Ecuador.
