Warren Buffett Quotes About Taxes

Quotes about: Taxes

• I prefer liquor store robbers with hungry kids to companies that locate offshore to avoid U.S. taxes.

  Warren Buffett

  Kids, Liquor Stores, Hungry

• While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.

  Warren Buffett

  Struggle, Fighting, Class

  "Stop Coddling the Super-Rich" by Warren Buffett, www.nytimes.com. August 14. 2011.

• I will do anything that is basically covered by the law to reduce Berkshire's tax rate. For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit.

  Warren Buffett

  Wind Farms, Law, Energy

• The most important investment you can make is in yourself... nobody can tax it or take it away from you.

  Warren Buffett

  Important, Investment, Away From You

• If anything, taxes for the lower and middle class and maybe even the upper-middle class should even probably be cut further. But I think that people at the high end - people like myself - should be paying a lot more in taxes. We have it better than we've ever had it.

  Warren Buffett

  Cutting, Thinking, Class

  "Make more than $250k? Obama wants you to pay more in taxes, like it or not" by Ed Hornick, www.cnn.com. April 14, 2011.

• I'll bring my tax returns; you bring yours. I'll meet you anytime anywhere.

  Warren Buffett

  Return, Taxes, Tax Returns

  Source: www.9news.com

• Would your reply possibly be this? Well, it all depends on what my tax rate will be on the gain you're saying we're going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent. Only in Grover Norquist's imagination does such a response exist.

  Warren Buffett

  Business, Imagination, Earning

  "A Minimum Tax for the Wealthy". www.realclearpolitics.com. November 26, 2012.

• We need a tax system that essentially takes very good care of the people who just really aren't as well adapted to the market system but are nevertheless doing useful things in the society.

  Warren Buffett

  People, Needs, Care

• The woman that comes in, takes the wastebasket away, she's paying 15.3 or whatever it is on payroll tax alone. I mean it is - I never had it so good.

  Warren Buffett

  Mean, Payroll Tax, Taxes

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

• 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.

  Warren Buffett

  Zero, Real, Years

• If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.

  Warren Buffett

  Payroll Tax, Office, Looks

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

• The capital gains tax is 15 percent now. So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.

  Warren Buffett

  Payroll Tax, Office, Gains

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

• Writing checks to the IRS that include strings of zeros does not bother me ... Overall, we feel extraordinarily lucky to have been dealt a hand in life that enables us to write large checks to the government rather than one requiring the government to regularly write checks to us-say, because we are disabled or unemployed.

  Warren Buffett

  Business, Writing, Government

• Investment decision should be made on the basis of the most probable compounding of after-tax net worth with minimum risk.

  Warren Buffett

  Decision, Risk, Investment

• More investment sins are probably committed by otherwise quite intelligent people because of "tax considerations" than from any other cause. One of my friends-a noted West Coast philosopher-maintains that a majority of life's errors are caused by forgetting what one is really trying to do. This is certainly the case when an emotionally supercharged element like taxes enters the picture (I have another friend-a noted East Coast philosopher who says it isn't the lack of representation he minds-it's the taxation).

  Warren Buffett

  Intelligent, Errors, People

• We're paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don't take that from me on capital gains. They don't take that from me on dividends.

  Warren Buffett

  Government, Payroll Tax, Income

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

• I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).

  Warren Buffett

  Blow, Long, People

• Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.

  Warren Buffett

  Running, Dollars, Investing

• If you own a wonderful business...the best thing to do is keep it. All you're going to do is trade your wonderful business for a whole bunch of cash, which isn't as good as the business, and you got the problem of investing in other businesses, and you probably paid a tax in between. So my advice to anybody who owns a wonderful business is keep it.

  Warren Buffett

  Advice, Investing, Cash

• I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life.

  Warren Buffett

  Mean, Truth Is, Taxes

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

• I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.

  Warren Buffett

  Years, Shy, Gains

  "Stop Coddling the Super-Rich" by Warren Buffett, www.nytimes.com. August 14, 2011.

• When you listen to tax-cut rhetoric, remember that giving one class of taxpayer a break requires - now or down the line - that an equivalent burden be imposed on other parties. In other words, if I get a break, someone else pays. Government can't deliver a free lunch to the country as a whole. It can however, determine who pays for lunch.

  Warren Buffett

  Country, Party, Cutting

  "Dividend Voodoo". Article by Warren Buffett, www.washingtonpost.com. May 20, 2003.

• I think that actually people in my situation should be paying more tax.

  Warren Buffett

  Thinking, People, Should

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

• My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.

  Warren Buffett

  Real, Victory, Borders

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