Enhance Your Quote Experience
Enjoy ad-free browsing, unlimited collections, and advanced search features with Premium.
[A]ssuming that all the... interest on the federal debt is paid, just from the individual income tax, all the income taxes that you pay from January … - David Cay Johnston
" "[A]ssuming that all the... interest on the federal debt is paid, just from the individual income tax, all the income taxes that you pay from January through the end of April, just go to pay interest on the national debt; and since 86% of federal tax revenues come from labor (and 14% from capital); that means that we explicitly have a policy now to tax labor [in order] to transfer [that revenue] to [privately held] capital.
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
Works in ChatGPT, Claude, or Any AI
Add semantic quote search to your AI assistant via MCP. One command setup.
Loading...