Tax Shelter Quotes

The alternative minimum tax was designed to prevent the very wealthiest Americans from overusing certain tax benefits to avoid most of their tax burden.

The income tax has made liars out of more Americans than golf.

...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.

Strictly speaking, every citizen above a certain level of income is guilty of some offense.

The income tax has made more liars out of the American people than golf has.

The IRS! They're like the Mafia, they can take anything they want!

The Tax Division is committed to prosecuting accountants who assist their clients in fraudulent tax schemes.

Anybody has a right to evade taxes if he can get away with it.

There is no kind of dishonesty into which otherwise good people more easily and frequently fall than that of defrauding the government.

I was never charged with tax evasion. I've never been a tax protester.

To try and nick a few quid off the income tax... Why? I am not into that. I don't need that.

'Simplifying' the tax code is a priority mainly for people who make enough money to want to avoid paying taxes, and who make their money by means unorthodox enough to make avoiding taxes possible and desirable.

Michael Grimm never met a tax he didn't lie to evade.

There isn't a rich man in your vast city who doesn't perjure himself every year before the tax board. They are all caked with perjury, many layers thick. Iron-clad, so to speak. If there is one that isn't, I desire to acquire him for my museum, and will pay Dinosaur rates.

The difference between tax avoidance and tax evasion is the thickness of a prison wall.

People who prepare false or fraudulent tax returns risk criminal prosecution and, upon conviction, substantial time in jail.

When, as an individual, you are not paying taxes, it is evasion. As a corporate, it is legal shrewdness or tax engineering.

Not surprisingly, extensive effort in Britain and America goes into finding tax shelter. the system is "efficient" for the shelter industry, not for the economy.

The result of offshore tax evasion is a disproportionate tax burden on law-abiding citizens and fewer resources available for public spending or tax cuts.

I'm not gonna give the British Government the joy of keeping taxing me. They don't tax art. And all my cars are just a collection of art.

You know what? I've never paid taxes in my life. I'm probably going to go to jail.

If a lobbyist sets up shop, or a lawyer, in which they're receiving income through what is something like a tax loophole so that it's not counting as corporate income, that is what this is counting as a small business.

I don't want the IRS banging down my door.

Maybe you know it but it's not so easy to finance movies in total. And the reason I am able to do these kind of movies is I have a tax shelter fund in Germany, and if you invest in a movie in Germany you get basically fifty percent back from the government.

From what little is known of Mr. Trump's tax returns, he used losses to offset virtually all of his taxable income for years by generating something called net operating loss carry-overs.