Tax Brackets Quotes

President Obama's proposal to raise the top rate to 39 percent is equal to the rate under President Clinton in the 1990s when Wall Street reached record high levels and the economy produced lots of jobs.

The income tax is the fairest, the most equitable system of taxation that has yet been devised.

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.

Very high taxes on the very rich—that was invented in the United States.

I don't support any increase in income tax rates.

I personally - if I were designing the tax code - would have a tax code in which Mitt Romney paid more than 13 percent, given what I know about the kind of investments he made money from.

I will never support any tax increase on middle-income earners, ever... If you're not going to eliminate loopholes and exemptions, then I wouldn't support lowering rates.

I think a flat tax has merit. Anything would be better than the current tax code.

Unquestionably, there is progress. The average American now pays out twice as much in taxes as he formerly got in wages.

Here's the question for my fellow Republicans: Do we want to be the first-ever GOP House majority to raise federal marginal income tax rates?

Take this question of the payment of taxes which seems uppermost in many people's minds. It is true that you may work twice as hard and that when your income is above a certain amount, you may retain for yourself a much smaller percentage of the fruits of your labor. Perhaps the day will come when the man who is paying a high income tax will say to himself: "This is proof of my patriotism. The measures which are supported by this money are what make my country a better place to live in. They insure to me and to my children a greater security under the form of government which I have chosen”.

In each electoral district the voters are divided into three classes according to the amount of their taxes; the first class is made up of the wealthiest, enough of them to pay the first third of taxes (sometimes one or two millionaires will suffice); the second is made up of the moderately wealthy, who pay the second third of the taxes; and the third is made up of all the other adult males, who together pay the last third. Each class chooses an elector, and the three electors from each district choose the representative of that district. Under these conditions the mass of the people, who, of course, are crowded together in the third class, can always be voted down by a comparatively small number voting in the other two classes.

There are a few things that we can do. One of them is that we can increase the taxes that people are paying who are the extremely wealthy in our communities. So, 70 percent, 80 percent, we've had it as high as 90 percent.

Taxes should be simple and fair... I'm not for increasing income taxes - if we even have an income tax.

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

There are a lot of misconceptions regarding the Bush tax cuts, all of them deliberately propagated by none other than President Obama and his pals. The biggest lie of them all is that these tax cuts will only affect the wealthiest two percent.

The hardest thing in the world to understand is the income tax.

I want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.

Progressive taxation can offset the effect of growing inequality.

Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.

My view is that taxation ought to be based upon ability to pay.

The Clinton tax increase - which was an increase in taxes primarily on upper-income people - not only made the tax code more nearly progressive, it preceded one of the most productive economic periods in American life.

I think the latest estimates were that we have about 250,000 millionaires and billionaires. President Obama wants to increase their taxes 13 percent.

I'm not for no taxes. That would be an anarchist. I am for lower taxes.

The Democrats are obsessing about raising tax rates, while the GOP talks about closing loopholes.