Posts Tagged ‘tax rate’

Thomas Jefferson: School Expenses

Posted by admin on Tuesday, December 22, 2020

Thomas Jefferson Money Quote saying school costs should be paid by those who benefit from the local educational system. Thomas Jefferson said:
 
The expenses of schools should be borne by the inhabitants of the county, every one in proportion to his general tax-rate. This would throw on wealth the education of the poor Quote
 

“The expenses of schools should be borne by the inhabitants of the county, every one in proportion to his general tax-rate. This would throw on wealth the education of the poor” — Thomas Jefferson

 

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This quote suggests that Thomas Jefferson believed the costs of public schools should be funded through local property taxes paid by county residents. He appears to be proposing that everyone contribute based on how much tax they already pay on their property, which would effectively mean wealthier landowners subsidizing the education of children from poorer families.

Jefferson seems to have felt it was appropriate for those with greater means (“wealth”) to help cover the schooling expenses of those in poverty, seeing basic education as a benefit that could be supported through redistribution of resources at a local level according to one’s assets. The quote conveys Jefferson’s view that property taxes were a justified way to generate educational opportunities for all socioeconomic classes in a community.

Bernie Sanders: Billionaire Hedge Funders

Posted by admin on Monday, December 21, 2015

Pat Bagley Tax Haven

Pat Bagley, Salt Lake Tribune


 

Bernie Sanders Money Quotation saying Tax havens for corporations and taxes for billionaire hedge fund managers aren’t fair to working Americans. Bernie Sanders said:

 
Major corporations that earn billions in profits stash their money in tax havens and pay nothing in federal income taxes, while billionaire hedge fund managers pay a lower effective tax rate than nurses or teachers Quote
 

“Major corporations that earn billions in profits stash their money in tax havens and pay nothing in federal income taxes, while billionaire hedge fund managers pay a lower effective tax rate than nurses or teachers” — Bernie Sanders

 

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According to the quote, major corporations can save a significant amount of money by stashing their profits in tax havens. However, the exact amount saved is not specified. It’s important to note that tax havens can be controversial and some argue that they are not fair to working Americans.

The fairest way to tax billionaires and corporations is a topic of ongoing debate and discussion among economists, policymakers, and the general public. However, it’s important to note that taxation should be fair, progressive, and based on ability to pay.

Some argue that increasing taxes on the wealthy and corporations can help reduce income inequality and generate revenue for social programs that benefit everyone. Others argue that higher taxes can stifle economic growth and innovation.

There are various taxation models and policies that aim to ensure everyone pays their fair share, such as progressive taxation, wealth taxes, and corporate tax reforms. Ultimately, the best approach will depend on the specific context and priorities of each society.

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