Posts Tagged ‘tax code’

Maya MacGuineas: Wishes Away Debt

Posted by admin on Tuesday, June 6, 2017

Maya MacGuineas Money Quote saying the Trump proposed budget policies are not supported by reality and appear to be fantasy that contribute to increasing Federal debt. Maya MacGuineas said:
 
We hope that Congress and the President work together to build on the budget’s best policies and replace its gimmicks with thoughtful reforms to Social Security, Medicare, and the tax code. We need a full plan that fixes the debt, not just wishes it away quote Quote
 

“We hope that Congress and the President work together to build on the budget’s best policies and replace its gimmicks with thoughtful reforms to Social Security, Medicare, and the tax code. We need a full plan that fixes the debt, not just wishes it away” — Maya MacGuineas

 

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Maya MacGuineas is calling for Congress and the President to work together on meaningful reforms to Social Security, Medicare, and the tax code.

She hopes they will go beyond short-term “gimmicks” and “wishes” and instead enact thoughtful, comprehensive reforms that genuinely address the long-term debt issues facing these programs and the country’s fiscal situation.

Her quote suggests we need specific policy solutions and a full plan of action, not just vague hopes, to solve our debt problems in a sustainable way.

Dave Barry: Size of US Tax Code

Posted by admin on Wednesday, April 13, 2011

Dave Barry Money Quotation saying the monstrous complexity of the rules one must understand as a taxpayer to properly file taxes contributes to failure to pay. Dave Barry said:
 
As a taxpayer, you are required to be fully in compliance with the United States Tax Code, which is currently the size and weight of the Budweiser Clydesdales Quote
 

“As a taxpayer, you are required to be fully in compliance with the United States Tax Code, which is currently the size and weight of the Budweiser Clydesdales” — Dave Barry

 

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In this quote, Dave Barry is once again using humor and hyperbole to highlight the immense size and complexity of the U.S. tax code. Specifically:

  • He notes that as taxpayers, full compliance with all tax rules is mandatory by law.
  • However, he then dramatically compares the length of the tax code to the “size and weight of the Budweiser Clydesdales” – the huge draft horses that pull the Budweiser wagon in commercials.

This is an exaggerated way of saying the tax code has grown enormously long and burdensome. Just as the massive Clydesdale horses look intimidating, so too does fully understanding and following every provision of the tax system.

The overall message is that Dave Barry finds the tax code absurdly lengthy and complicated through this comedic analogy. It aims to resonate with taxpayers’ frustration at the difficulty of perfectly navigating our intricate tax laws.

John Iekel: Humorous Tax Oxymoron

Posted by admin on Sunday, April 10, 2011

John F. Iekel Money Quotation saying finding anyting funny about taxes is difficult when you are paying them, but seems only humorous in hindsight. John F. Iekel said:
 
The term ‘tax humor’ is no doubt an oxymoron to many people; to the more cynical, it is an apt description of the entire tax code Quote
 

“The term ‘tax humor’ is no doubt an oxymoron to many people; to the more cynical, it is an apt description of the entire tax code” — John F. Iekel

 

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John F. Iekel seems to be making an observation about how the tax code is often viewed. The term “tax humor” combines something unfunny (taxes) with something meant to provoke laughter (humor) – which for many people creates an “oxymoron” or contradictory term.

However, for those with a more critical or skeptical outlook (“the more cynical”), describing the entire tax system as “tax humor” is an accurate way to portray how convoluted, complex and sometimes nonsensical the full tax code can seem.

In essence, Iekel is acknowledging that while taxes are rarely a laughing matter, the very concept of “tax humor” resonates with individuals who see the tax system itself as something perplexing or even absurd.

Steve Forbes: US Tax Code Length

Posted by admin on Saturday, July 3, 2010

Steve Forbes Money Quotation on the length of Tax Code compared to the far shorter length of Declaration of Independence and the Bible.c 
The Declaration of Independence, the words that launched our nation 1,300 words. The Bible, the word of God 773,000 words. The Tax Code, the words of politicians 7,000,000 words and growing! Quote
 

“The Declaration of Independence, the words that launched our nation 1,300 words. The Bible, the word of God 773,000 words. The Tax Code, the words of politicians 7,000,000 words and growing!” — Steve Forbes

 

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In this quote, Steve Forbes is drawing a comparison between important founding documents like the Declaration of Independence and the Bible to highlight the excessive length and complexity of the U.S. tax code. By noting that the Declaration of Independence contained only 1,300 words to establish the principles of the nation, and the Bible contains around 773,000 words as scripture, he then points out that the tax code now contains over 7 million words and continues growing in size each year.

Forbes seems to be criticizing how bloated and convoluted the tax system has become due to endless additions and revisions by politicians over time. His point is that something as foundational as how citizens are taxed has expanded far beyond what’s reasonably necessary to administer taxes, likely making the system unduly complicated and difficult for people to understand or follow.

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