Tax Impact Quotes

When taxes go up, tithing goes down. When the government assumes the role of the shepherd, the power of churches is diminished. It's another way to attack religion and for the state to eradicate it from society.

Every dollar of tax imposed on our exchanges in the shape of duties impairs, to that extent, our capacity to meet the severe competition to which we are exposed; and nothing but a system of high protective duties, long continued, can prevent us from meeting it successfully. It is that which we have to fear.

The tendency of taxation is to create a class of persons who do not labor, to take from those who do labor the produce of that labor, and to give it to those who do not labor.

A tax can never be favorable to the public welfare, except by the good use that is made of its proceeds.

Putting, say, an 85 per cent income tax rate is unlikely to bring in much revenue.

A survey says that American workers work the first three hours every day just to pay their taxes. So that's why we can't get anything done in the morning: We're government workers.

Climate change might be disastrous, but does that mean we want carbon taxes that raise the price of a gallon of heating oil to $10? And how exactly will those taxes affect economic growth?

A heavy progressive tax upon a very large fortune is in no way such a tax upon thrift or industry as a like would be on a small fortune.

Here's a brave old reality, taxes don't go away; raising them never generates revenue, never ever ever.

Taxes are not trivial - they're a huge portion of this overall economy. And that's why I focused on them.

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.

There's no such thing as a good tax.

As Ronald Reagan understood, the difference between a good tax structure and a poor one has a very real impact not only on how much money we have in our pockets every April 15th, but whether we have a job to support our families in the first place.

The reward of energy, enterprise and thrift is taxes.

There is no escaping the fact that when the taxation of large incomes is excessive, they tend to disappear.

The payroll tax is affecting sales. It's causing sales declines.

People making $1 million a year are not going to do anything different if they pay more taxes.

The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production.

According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American's output-which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American's living standard would at least double.

There is no such thing as a good tax.

People who earn reasonable amounts are being turned into the anti-Christ. I think 45 per cent tax is a colossal amount to take off somebody, and it is taking away the incentive to earn.

Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

All taxes have a negative effect on economic activity.

Figuring that smoking kills about a third of all those who smoke, this tax could prevent the premature death of at least 2 million Americans alive today.

The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.