Tax Effect Quotes

Every tax on business is just a part of the cost of production, and the customer ends up paying it when he buys the product. It’s a hidden sales tax.

If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.

The only thing that hurts more than paying an income tax is not having to pay an income tax.

In reality, every time the government takes an additional dollar in taxes out of someone's pocket, it's a dollar that person will not be able to spend or invest. When government spending goes up, private spending goes down. There is no net effect. No wealth creation.

A tax on capital is self-defeating, in that it slows down capital accumulation, investment and economic growth.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

A one-time tax does not get figured into people's investment decisions.

There is no such thing as a good tax.

Before the government decides to raise the minimum wage, it must consider the effects of the tax and benefits merry-go-round that affects the low-paid.

If a tax on malt would raise the price of beer, a tax on bread must raise the price of bread.