Anyone can see how if a feared tax hike doesn't happen, that's a positive factor. But even if tax hikes happen as feared, vast history tells me it doesn't have to have the big bad impact folks fear. And fear of a false factor is always bullish.
Unlike most government programs, Social Security and, in part, Medicare are funded by payroll taxes dedicated specifically to them. Some of the tax revenue pays for current benefits; anything that's left over goes into trust funds for the future. The...
if we could tax Americans' cognitive dissonance we could balance the budget. The American people want all kinds of incompatible things, they're human beings, and they want high services, low taxes, and an omnipresent, omniprominent welfare state.
It is no secret that our tax code is drastically outdated and burdensome to all Americans. Fortunately, more and more people are aware daily of the inequities that arise from things such as the estate tax, and it has come to the forefront of Congress...
It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes.
Lennie Pike: *Everybody* has to pay taxes!- Even businessmen, that rob and steal and cheat from people everyday, even *they* have to pay *taxes*!
The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that's the public's choice. It'll just require higher taxes on every American. Do you want that, or do you want smaller government, smaller...
There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
What we need to do is replace the entire tax code. I do not think it makes sense to say, 'Let's just grab money from, quote, the wealthy'... The issue is the tax code's rotten and we should start truly over with a simple code that is fair and transpa...
You have to be taxed. Just because you work a little harder to have a little bit more money taken from you, I mean, that's scary. I worked hard for it. Why should I be taxed more than other people?
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.
I'm always for lower taxes because lower taxes make people want to do things. Less burden, more fun, and economics is about people wanting to have fun. Growth is fun for people in the marketplace.
Obama broke his no-new-taxes pledge 15 days after he took office when he signed legislation on Feb. 4, 2009 raising the tax on cigarettes 158 percent - 62 cents per pack.
I always had a long-term view of going into politics, so I suppose I was always careful. I mean, I got offered all these rinky dink tax deals, but I always paid my taxes. I am naturally quite conservative.
Do not cut the bough you are sitting on.
The knife of the family does not cut.
Red: [narrating] The following April Andy did tax returns for half the guards at Shawshank. Year after that he did them all including the warden's. Year after that they rescheduled the start of the intra-mural season to coincide with tax season. The ...
you cut me deep bitch,cut me like surgery.
The financial world is at the cutting edge of high technology.
[first lines] Director: All right, cut it! Cut it!
