Friday's Tax Quote - July 27, 2012

“A old tax is a good tax.”

- Old Folk Saying

Friday's Tax Quote - July 20, 2012

“Virtually all persons or objects in this country…may have tax problems.  Every day the economy generates thousands of sales, loans, gifts purchase, leases, wills and the like, which suggests the possibility of tax problems for somebody.  Our economy is tax relevant in almost every detail.”

- Potter Stewart

Friday's Tax Quote - July 13, 2012

“And Samuel told all the words of the Lord unto the people that asked of him a king.  And he said, this will be the manner of the king that shall reign over you…he will take the tenth of your seed, and of your vineyards, and give to his officers, and to his servants.  And he will take your menservants, and your maidservants, and your goodliest young men, and your asses, and put them to his work.  He will take the tenth of you sheep; and ye shall be his servants.  And ye shall cry out in that day because your king, which ye shall have chosen you; and the Lord will not hear you in that day.”

- Old Testament

Friday's Tax Quote - July 6, 2012

“The payment of taxes gives a right to protection.”

- James M. Wayne

Friday's Tax Quote - June 29, 2012

“Visibility enables individuals and businesses to know the true cost of transactions.  It also enables them to see what their total tax liability is and to which level of government it is being paid.  When a tax is not visible, it can be easily retained or raised with little, if any, awareness among taxpayers about how the tax affects them.”

- Tax Division of the American Institute of Certified Public Accountants