Tax: Estate Quotes

[Estates] are valuable only for what they can produce. If seized by the government they can produce nothing, and if such seizures increase in amount beyond a reasonable limit they must prove not only valueless in themselves but must destroy the sources of production which otherwise would continue to finance the government and provide for the people.

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Otto H. Kahn, New York Times.
02/29/1924 | Full Details | Law(s): Tax: Estate

Another seriously untoward effect unavoidably inherent in inheritance taxation is that by such taxation a portion of the capital fund of the nation is transferred into the coffers of the Government, and by it used for operating expenses.

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Otto H. Kahn, New York Times.
02/29/1924 | Full Details | Law(s): Tax: Estate

Invested in reproductive enterprise this capital pays taxes again and again. Squandered by Government departments it is only spent once.

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Wall Street Journal.
02/04/1921 | Full Details | Law(s): Tax: Estate

To the demagogue and the man of small means, who pays heavy indirect taxes where he thinks pays none, this looks like taking money from the millionaire and ‘giving it back to the people.’ To any economist it looks like eating up he seed corn, because in effect is s exactly that.

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Wall Street Journal.
02/04/1921 | Full Details | Law(s): Tax: Estate

[President Roosevelt’s endorsement of an inheritance tax gave] more encouragement to state socialism and centralization of government than all the frothy demagogues have accomplished in a quarter of a century of agitation of the muddy waters of discontent.

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The Philadelphia Record
04/14/1906 | Full Details | Law(s): Tax: Estate

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