Unreported Income Quotes

A very small proportion of the country's black money is in the movie industry. Because we are written about, public attention is focused on us. Do you think there is no black money in other businesses? With the exception of government servants and others who have tax deducted at source, there are tax evaders in every walk of life.

Strictly speaking, every citizen above a certain level of income is guilty of some offense.

Any crooked bookkeeper's books are balanced.

The underground economy is not all smugglers. It is hundreds of thousands of otherwise honest people who have withdrawn their consent to be governed.

The can’t collect legal taxes from illegal money.

When it comes to finances, remember that there are no withholding taxes on the wages of sin.

Black money is so much a part of our white economy, a tumour in the centre of the brain - try to remove it and you kill the patient.

I think my mother was like a small company which, because things are not ship-shape, keeps two sets of books, one for the auditors and then there's the other one.

I've got people handling the media. I employ at the moment two people. No-one is paying income tax on the money they use to employ people.

The 1984 tax trials, when he appealed his New York state and New York City audits, were about Donald Trump claiming zero revenue for his consulting business and taking over $600,000 of deductions, for which he couldn't produce any documentation, no receipts, no checks, nothing, those two elements, zero income and huge deductions, combined with his own tax guy testifying under oath, that's my signature, but I didn't prepare that tax return, those are very strong badges of fraud.

I bought all my friends guitars and I had a good time with my money. But then one day the IRS came knocking.

However accurate or inaccurate the agency's numbers may be, tax law explicitly presumes that the IRS is always right -- and implicitly presumes that the taxpayer is always wrong -- in any dispute with the government. In many cases, the IRS introduces no evidence whatsoever of its charges; it merely asserts that a taxpayer had a certain amount of unreported income and therefore owes a proportionate amount in taxes, plus interest and penalties.

Black money is a cancer in our economic system, not yet terminal or life-threatening.

Only criminals want to use cash.

Those who willfully conceal assets overseas undermine the playing field for all taxpayers.

If you didn't have employers able to pay off the books and off the record safely in cash, you wouldn't have illegal immigration on nearly the scale that we do.