Tax Revenue, Tax Yield Quotes

Governments have nothing. They can't create anything, they never have. All they can do is steal from one group and give it to another

Of all debts men are least willing to pay the taxes.

When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretend payment.

I do not pretend to step out of my own sphere and to control the internal management of other departments, but it seems to me that as Secretary of the Treasury, I may ask, that, while peace continues, the aggregate of the expenditure of those departments be kept within bounds such as will preserve the equilibrium between the national revenue and expenditure without recurrence to loans.

Government is not a solution to our problem, government is the problem. […] Government does not solve problems; it subsidizes them. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it. […] The problem is not that people are taxed too little, the problem is that government spends too much.

High tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.

It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.

The single biggest threat to our national security is our debt.

The best way to revitalize the economy is war, and the U.S. has grown stronger [economically] with war.

Well, a deficit reflects an imbalance between spending and revenue, and so narrowing it requires acting on one, the other or both.

It is your tax which pays for public spending. The government have no money of their own. There is only taxpayers' money.

I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

If you raise taxes, it won't reduce the deficit. The other team will simply spend the resources.

The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.

We sincerely believed that we don't tax too little in Washington. We spend too much.

Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.

My biggest objection to raising taxes is that it feeds the government addiction to spending money.

The skills and productivity of American Workers, not to mention the taxes they pay, are the greatest economic resource our country has. To condemn large numbers of them to unemployment, to deprive the Treasury of their tax contributions and to force them to live on unemployment at public expense is the most expensive luxury any society ever chose to buy.

There is a limit to how much the United States Treasury can borrow.

Government must start to look at mobile infrastructure as a critical national resource and not just a resource for tax dollars.

I am not worried about the deficit. It is big enough to take care of itself.

It seems difficult to understand that high rates of taxation do not necessarily mean high revenue for the government, and that more revenue may often be obtained with lower tax rates.

We should stop arguing about tax cuts in this town.

When you look at the government, when the government collects a buck, it's not free. They have to spend resources, the IRS, audits, all this sort of crap, to collect the dollar. I'm not assuming any Laffer curve effect here at all. There are just transactions costs of collecting that money.