Entries Tagged 'Taxes' ↓

“These high profits reflect the shift in income into 2010 from 2011. These profits will tumble in 2011, preceded most likely by the stock market.”

- Arthur Laffer

“When you buy something for $10 and the clerk asks for “$10.65, please”, you know that you are paying a 6.5% sales tax. But when $4 of hidden VAT taxes causes the item to cost $14, you pay the $14 without knowing that it includes the extra tax.”

- Dick Morris

“If we don’t end up reforming our ways, federal taxes will have to double within the next 20 to 30 years, just to stop the bleeding.”

- David Walker, former Comptroller General of the United States, president of the Peterson Foundation

Measure 66 And 67 Passed On January 26, 2010:

“Measures 66 and 67 should be labeled Oregon’s Assisted Suicide Law II. They will allow us to watch a state slowly killing itself. They are anti-business, anti-success, anti-inspirational, anti-humanitarian, and most ironically, in the long run, they will deprive the state of tax revenue, not increase it…Reputable economists forecast 66 and 67 will cost the state thousands — maybe tens of thousands — of jobs, and that thousands of our most successful residents will leave the state.”

- Phil Knight, co-founder and chairman of Nike Inc., a company with 5,000 Oregon employees

“… even after accounting for the employees’ share of FICA taxes, 10 million additional filers would be paying zero federal taxes while receiving checks from the IRS. In Heritage’s latest report on Obama’s stealth welfare program, the think tank forecasts that for Obama’s 10 million new net recipients of federal dollars, the average handout will be more than $2,000 each year.”

- Wall Street Journal