Taxation Effect Quotes

When the ruler abusively increases taxes, it discourages the crafts from applying their skills to the creation of new wealth

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 time you exempt a portion of the economy from taxation you put pressure on the rest of the economy.

There is no serious statistical evidence in support of the view that tax rates at current levels have a major disincentive effect on economic growth.

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

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.

We've never much liked the idea of charging a participation tax, a phrase we coined to represent what it feels like when a software company charges you more money for each additional user. Participation taxes discourage usage across a company.

It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.

If we raise taxes on corporations, what incentive will they have to make money other than the fact that it's the sole reason they exist.

Inheritance taxes are so high that the happiest mourner at a rich man's funeral is usually Uncle Sam.

I know that there is a near unanimous view in Congress that state or local taxes on Internet access would directly deter the ability of consumers to obtain and utilize the Internet. If that is an accepted premise, as it should be, the same concept should apply to the net neutrality debate and its certainty to increase consumer bills.

To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.