Capital Gains Quotes - Page 2

• 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.

  Michael Bloomberg

  Country, People, Ordinary

  "Obama Adviser: Shutdown Looms as GOP Bends to Will of Tea Party". NBC "Meet the Press", www.foxnews.com. September 25, 2011.

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• I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax, and zero out the death tax.

  Michele Bachmann

  Zero, Giving, Alternatives

  "The Kudlow Report" with Larry Kudlow, www.cnbc.com. July 11, 2011.

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• No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.

  Joe Biden

  Income, Gains, Pennies

  Democratic Sen. Joe Biden and Republican Alaska Gov. Sarah Palin, debated in St. Louis, Missouri, www.cnn.com. October 3, 2008.

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• There are few things in politics more annoying than the Right's utter conviction that it owns the patent on the word 'freedom' that when its leaders stand up for the rights of banks to be unregulated or capital gains to be untaxed, that it is actually and obviously standing up for human liberty, the noblest cause of them all.

  Thomas Frank

  Rights, Leader, Liberty

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• I will promote savings and investment by maintaining the 15% rate on capital gains and dividends. I will eliminate the tax entirely for those with annual income below $200,000.

  Mitt Romney

  Income, Saving, Gains

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• I think that Governor Romney operates on the capital gains tax, his investments, what he lives off of instead of doing it off of his income.

  Allen West

  Thinking, Income, Gains

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• I believe the tax on capital gains should be zero.

  Mitt Romney

  Zero, Believe, Gains

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• Imagine his delight after it 'leaked' that he will propose raising taxes on the wealthy by $320 billion over the next 10 years, including increases to the capital gains and inheritance taxes.

  John Podhoretz

  Years, Inheritance, Delight

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• 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.

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• Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion.

  Roger Wicker

  Marriage, Children, Cutting

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• One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".

  Michael Hudson

  People, Income, Earning

  Source: www.counterpunch.org

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• 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

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• 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.

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• If Hillary [Clinton] is elected, is she going to be able to jack up taxes with virtually no deductions, and include capital gains? Unless democrats have a clean sweep of Congress, I don't think that's going to happen either.

  Gary Shilling

  Thinking, Able, Gains

  Source: www.sfgate.com

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• What the issue here is, you get rid of all the conservative orthodoxy about capital gains, marginal tax rate, supply side economics, you just throw all that out the window, limited government and you just embrace the sheer and raw politics of resentment that have been bubbling the whole time and that`s what you get. You get Donald Trump.

  Chris Hayes

  Government, Issues, Gains

  Source: www.msnbc.com

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• I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.

  Frank Zappa

  Running, Recovery, Army

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• If people want capital gains taxed more like the highest rate on income, that's a good discussion. Maybe that's the way to help close the deficit.

  Bill Gates

  People, Income, Want

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• Contrary to the rhetoric emanating from the American left, the 'rich' are currently paying a lot more than 'their fair share.' It is only a handful of mega-rich, those whose entire incomes are derived from dividends and capital gains, rather than salaries or business profits, who have the ability to pay lower tax rates than some members of the middle class. The left knows this but continues to build their 'freeloading millionaire' straw man because it makes good politics.

  Peter Schiff

  Men, Class, Salary

  "There's A Hidden 9 In Herman Cain's 9-9-9 Plan". www.businessinsider.com. October 18, 2011.

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• We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.

  Liam Fox

  People, Inheritance, Movement

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• I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.

  Philip Kotler

  Moving, Order, Long

  Source: bobmorris.biz

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