Capital Gains Quotes

• The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.

  John F. Kennedy

  New Ventures, Decision, Risk

  "Public Papers of the Presidents of the United States, John F. Kennedy, 1963".

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• I think if you had a capital-gains system where the long, patient capital would actually be rewarded, nanosecond capital turning would not be.

  Hillary Clinton

  Thinking, Long, Gains

  Source: www.businessinsider.com

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• The ceiling on taxation of capital gains reflects the national belief that speculation is a more worthwhile way to make a living than work.

  Calvin Trillin

  Ceilings, Taxation, Way

  Calvin Trillin (1987). “Uncivil liberties”, Penguin Group USA

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• 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.

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• I will eliminate capital-gains taxes for the small businesses and the startups that will create the high-wage, high-tech jobs of tomorrow

  Barack Obama

  Jobs, Taxation, Gains

  Barack Obama (2008). “Yes, We Can”, p.73, BoD – Books on Demand

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• Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

  Michael Hudson

  People, Income, Gains

  Source: www.counterpunch.org

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• In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you sell a property and make a capital gain, you simply turn around and buy a new property. The gain is not taxed. It's called "preserving your capital investment" - which goes up and up in value with each transaction.

  Michael Hudson

  Real, Pay, Gains

  Source: www.counterpunch.org

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• I was originally supposed to become an engineer but the thought of having to expend my creative energy on things that make practical everyday life even more refined, with a loathsome capital gain as the goal, was unbearable to me.

  Albert Einstein

  Origin Of Life, Goal, Creative

  Albert Einstein (2010). “The Ultimate Quotable Einstein”, p.5, Princeton University Press

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• The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gullible.

  Irving Fisher

  Expectations, Psychology, Income

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• Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.

  John C. Bogle

  Sweat, Income, Gains

  Source: business.time.com

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• I love to tell how I'm suffering because one percent we're paying 25 percent of the total. We're not paying 25 percent of the total taxes on individuals. 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. They take from the woman who comes in and takes the wastebaskets out.

  Howard Warren Buffett

  Payroll Tax, Government, Suffering

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

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• A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.

  Fred Thompson

  Building Up, People, Gains

  Source: www.foxnews.com

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• Well, certainly the Democrats have been arguing to raise the capital gains tax on all Americans. Obama says he wants to do that. That would slow down economic growth. It's not necessarily helpful to the economy. Every time we've cut the capital gains tax, the economy has grown. Whenever we raise the capital gains tax, it's been damaged.

  Grover Norquist

  Cutting, Growth, Want

  "The Situatuin Room" with Wolf Blitzer, www.cnn.com. July 13, 2011.

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• While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.

  William J. Bernstein

  Sorry, Mean, Years

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• Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.

  Burton Malkiel

  Running, Long, Friendly

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• Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.

  Burton Malkiel

  Investing, Gains, Taxes

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• One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.

  Mike Huckabee

  Country, People, Income

  Mike Huckabee at GOP primary debate at Quicken Loans Arena in Cleveland, Ohio, www.washingtonpost.com. August 6, 2015.

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• I believe capital gains, for the most part, should be taxed the same way we tax income from hard work, sweat, and toil. And if we do those things, we can be a country that actually can afford debt-free college again.

  Hillary Clinton

  Country, Believe, Hard Work

  Source: www.washingtonpost.com

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• Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.

  Michael Hudson

  Real, Income, Gains

  Source: www.counterpunch.org

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• Make no mistake, the point of cutting the personal income tax and the capital gains cut is to send an unmistakable message to business leaders.

  Bill Richardson

  Mistake, Cutting, Income

  "New Mexico cuts taxes to stimulate economy". www.upi.com. February 19, 2003.

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• My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.

  Robert Kiyosaki

  Dad, Real, Long

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• There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.

  Andrew Tobias

  Jobs, War, America

  "Doonesbury on Job Creation" by Andrew Tobias, www.huffingtonpost.com. May 19, 2012.

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• When you tax capital gains income, you don't help the economy, you hurt the economy, which is why President Kennedy, President Reagan, President Clinton and President Bush all believed we should have a lower rate for capital gains.

  Rob Portman

  Hurt, Should Have, President

  Interview with John King, www.realclearpolitics.com. April 19, 2012.

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• I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.

  Barack Obama

  Family, Years, Payroll Tax

  Speech in Dover, New Hampshire, www.presidency.ucsb.edu. September 12, 2008.

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• The biggest - one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero.

  Herman Cain

  Zero, Growth, Gains

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