As taxpayers we gave one of Warren Buffet's companies, in 2006, an interest-free loan of $665 million dollars, and he only has to pay half of it back… - David Cay Johnston
" "As taxpayers we gave one of Warren Buffet's companies, in 2006, an interest-free loan of $665 million dollars, and he only has to pay half of it back 28 years from now. ...Imagine ...you bought a house in 1980 at the price in 1980. Up until now you haven't made any payments on the house, and this year you have to pay half in the... dollars you agreed to back then, no adjustment for inflation. Do you think that alone might make you a wealthy man?
English
Collect this quote
About David Cay Johnston
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
Also Known As
Birth Name:
David Cay Boyle Johnston
Alternative Names:
DC Report
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by David Cay Johnston
[A] lot of what I've been writing about in Free Lunch and... Perfectly Legal and the 13 years of stories I've been doing in The New York Times are about... a growing disconnect between our political and cultural mythology, and how the economy actually works. ...[A]ll societies have to operate from myths. You have to have a shorthand for your culture, but ours is getting disconnected from reality.
After the Sixteenth Amendment... the federal government... enacted a regime to tax incomes, gifts and estates... with the explicit promise that the basic means of sustaining life would not be taxed. The original tax regime applied only to the economic elite, to... "surplus" incomes. ...[I]ncome from capital was taxed more heavily ...in the belief that it was morally offensive to take more from money earned by the sweat of one's brow ...
Loading...