Ronald Reagan: Business Collects Taxes

Ronald 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

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.

Birthday: February 6, 1911 – Death: June 5, 2004

Ronald Reagan on Government in Dependence

Ronald Reagan Money Quotation saying there is no limit to government need for more money. Ronald Reagan said:
 

 

“Government always finds a need for whatever money it gets” — Ronald Reagan

In this quote, Ronald Reagan is expressing skepticism about the ability of government to limit its spending and exercise budgetary restraint. His interpretation is that once the government obtains more funds through increased taxes, debt, or other means, it will inevitably find ways to spend that money on new programs or initiatives.

Reagan appears to be suggesting that government has a natural tendency to expand its outlays and absorb any new revenues into the budget, rather than save or oversee surplus funds.

The overall message seems to be Reagan’s belief that without strict controls, government is not likely to cut back spending in response to fiscal pressures, but will instead enable its own continued growth through finding new “needs” to address with additional money at its disposal.

Birthday: February 6, 1911 – Death: June 5, 2004

Ronald Reagan: Not Worried About Deficit

Funny Money Quotes: Joking about the national debt by saying that its bulk conveys responsibility upon itself for a very large problem. Ronald Reagan said:
 

 

“I am not worried about the deficit. It is big enough to take care of itself” — Ronald Reagan

In this quote, Ronald Reagan is expressing a lack of concern about the size of the federal budget deficit. His interpretation seems to be that once deficits grow large enough, political and economic pressures will naturally force governments to take action to address them through spending cuts or tax increases.

Reagan appears to believe that very large deficits contain within them the seeds of their own solution, since politicians and the public will demand fiscal discipline as debt mounts to unsustainable levels.

However, critics could argue that Reagan underestimated how long it might take for deficits to self-correct, and that rapidly expanding national debt still poses economic risks in the interim.

Overall, Reagan conveys a view that deficits may be a short-term problem that will automatically fix themselves over the long-run, without necessarily requiring proactive measures.

Birthday: February 6, 1911 – Death: June 5, 2004

Ronald Reagan: Federal Government Taxpayers

Ronald Reagan Money Quotation saying We’ve heard that the average taxpayer works an average of 103 days of each year for the government (IRS) and the rest for themselves. Ronald Reagan said:
 

 

“The taxpayer: that’s someone who works for the federal government, but doesn’t have to take a civil service examination” — Ronald Reagan

In this quote, Ronald Reagan is satirically taking aim at the size and scope of the federal government bureaucracy. His interpretation is that many government employees, despite not having to pass a competitive civil service exam, are essentially “taxpayers” themselves since they rely on tax revenue to fund their jobs rather than directly providing goods or services.

Reagan appears to be suggesting that a large portion of government workers are indirectly subsidized by taxpayers but lack accountability or performance standards associated with a merit-based civil service. The overall message seems to be criticism of what Reagan viewed as an bloated government workforce more focused on self-perpetuation through taxation rather than on efficient service delivery and value for taxpayers.

Birthday: February 6, 1911 – Death: June 5, 2004