Posts Tagged ‘collect’
Esther Dyson: Owning IP Payoff
on Wednesday, July 14, 2021Esther Dyson Money Quote saying Owning IP requires regular investment to get a payoff – instead of simply collecting rent. Esther Dyson said:
“Owning the intellectual property is like owning land: You need to keep investing in it again and again to get a payoff; you can’t simply sit back and collect rent” — Esther Dyson
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Al Capone: Legal Taxes, Illegal Money
on Thursday, October 18, 2018Al Capone Money Quote saying somehow it seems wrong to tax funds that are gained by criminal activity. Al Capone said:
“They can’t collect legal taxes from illegal money” — Al Capone
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Birthday: January 17, 1899
Convicted of Tax Evasion on October 18, 1931
Died: January 25, 1947
Ronald Reagan: Business Collects Taxes
on Monday, October 17, 2016Ronald Reagan Money Quote saying businesses must pass along sales and other taxes on the business to the customer in order to make a profit. Ronald Reagan said:
“You can’t tax business. Business doesn’t pay taxes. It collects taxes. And if they can’t be passed on to the customer in the price of the product as a cost of operation, business goes out of business” — Ronald Reagan
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In this quote, Ronald Reagan is expressing his view that businesses do not truly bear the cost of taxes – they instead pass those costs on to consumers through higher prices. He argues that if a business is unable to increase the prices of its products or services enough to offset tax expenses, then it will become unprofitable and “go out of business.”
Essentially, Reagan is saying that corporate taxes are not really paid by companies themselves, but rather are collected from customers through price hikes. By framing it this way, Reagan aims to make the case that tax cuts for businesses do not necessarily hurt government revenue, since lower taxes could enable companies to keep prices lower while still maintaining profits.
Overall, the quote reflects Reagan’s belief that the economic burden of corporate taxation falls on consumers, not corporations.
Sam Ewing on Government Nerve to Collect
on Saturday, August 23, 2014Sam Ewing Money Quotation saying deficits are explained by the government choice not to inflame citizens by setting taxes too high. Sam Ewing said:
“The government deficit is the difference between the amount of money the government spends and the amount it has the nerve to collect” — Sam Ewing
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