--- title: "7 Taxes Year Quotes by 7 authors" description: "Browse 7 Taxes Year quotes by 7 authors. Discover the best Taxes Year sayings and thoughts." image: "https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg" --- > [You, as a wage earner have to pay your taxes every year on your income for that year. So if you have…](https://sms4smile.com/quotes/david-cay-johnston/you-as-a-wage-earner-have-to-pay-your-taxes-every-year-on-your-income/) [David Cay Johnston](https://sms4smile.com/quotes/author/david-cay-johnston/) [Image](https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg) > [I have paid taxes every year, a lot of taxes.](https://sms4smile.com/quotes/mitt-romney/i-have-paid-taxes-every-year-a-lot-of-taxes/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) [Image](https://sms4smile.com/quotes/i/482/mitt-romney-268_inspirational_i-have-paid-taxes-every-year-a-lot-of-ta_1690045.png) > [If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at…](https://sms4smile.com/quotes/charlie-munger/if-you-re-going-to-buy-something-which-compounds-for-30-years-at-15/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) [Image](https://sms4smile.com/quotes/i/913/charlie-munger-458_compounds_if-you-re-going-to-buy-something-which-c_1801712.jpg) > [We ought to thank President Bush. He made it a lot easier for people to do taxes this year. No job, no…](https://sms4smile.com/quotes/jay-leno/we-ought-to-thank-president-bush-he-made-it-a-lot-easier-for-people/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) [Image](https://sms4smile.com/quotes/i/e3e/jay-leno-210_easier_we-ought-to-thank-president-bush-he-made_2284682.png) > [We rule out raising taxes this year.](https://sms4smile.com/quotes/luis-de-guindos/we-rule-out-raising-taxes-this-year/) [Luis de Guindos](https://sms4smile.com/quotes/author/luis-de-guindos/) [Image](https://sms4smile.com/quotes/i/548/luis-de-guindos-52880_raising_we-rule-out-raising-taxes-this-year-2381_2381305.jpg) > [It's tax season. When I woke this morning and realized it was tax season, I said, My God, didn't we just pay…](https://sms4smile.com/quotes/david-letterman/it-s-tax-season-when-i-woke-this-morning-and-realized-it-was-tax/) [David Letterman](https://sms4smile.com/quotes/author/david-letterman/) [Image](https://sms4smile.com/quotes/i/1b5/david-letterman-378_last-year_it-s-tax-season-when-i-woke-this-morning_2673990.jpg) > [I can pinpoint when I started playing professionally very easily, because in 1985, when I was 12, I got a job playing…](https://sms4smile.com/quotes/josh-freese/i-can-pinpoint-when-i-started-playing-professionally-very-easily/) [Josh Freese](https://sms4smile.com/quotes/author/josh-freese/) [Image](https://sms4smile.com/quotes/i/5c5/josh-freese-13074_band_i-can-pinpoint-when-i-started-playing-pr_2883485.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/taxes-year/#itemlist", "name": "Taxes Year Quotes", "numberOfItems": 7, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money you could end up in the top tax bracket. But if you're a corporation you are allowed to reach forward with deferrals for years. Over a 45 to 50 year period, you can balance out the winning years and the losing years in such a way that you pay very little tax, especially considering the time-value of the money.", "creator": { "@type": "Person", "name": "David Cay Johnston" }, "url": "https://sms4smile.com/quotes/david-cay-johnston/you-as-a-wage-earner-have-to-pay-your-taxes-every-year-on-your-income/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg", "contentUrl": "https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg", "url": "https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg", "width": 1080, "height": 1080, "caption": "“You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a…” — David Cay Johnston", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "I have paid taxes every year, a lot of taxes.", "creator": { "@type": "Person", "name": "Mitt Romney" }, "url": "https://sms4smile.com/quotes/mitt-romney/i-have-paid-taxes-every-year-a-lot-of-taxes/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/482/mitt-romney-268_inspirational_i-have-paid-taxes-every-year-a-lot-of-ta_1690045.png", "contentUrl": "https://sms4smile.com/quotes/i/482/mitt-romney-268_inspirational_i-have-paid-taxes-every-year-a-lot-of-ta_1690045.png", "url": "https://sms4smile.com/quotes/i/482/mitt-romney-268_inspirational_i-have-paid-taxes-every-year-a-lot-of-ta_1690045.png", "width": 1080, "height": 1080, "caption": "“I have paid taxes every year, a lot of taxes.” — Mitt Romney", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.", "creator": { "@type": "Person", "name": "Charlie Munger" }, "url": "https://sms4smile.com/quotes/charlie-munger/if-you-re-going-to-buy-something-which-compounds-for-30-years-at-15/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/913/charlie-munger-458_compounds_if-you-re-going-to-buy-something-which-c_1801712.jpg", "contentUrl": "https://sms4smile.com/quotes/i/913/charlie-munger-458_compounds_if-you-re-going-to-buy-something-which-c_1801712.jpg", "url": "https://sms4smile.com/quotes/i/913/charlie-munger-458_compounds_if-you-re-going-to-buy-something-which-c_1801712.jpg", "width": 1080, "height": 1080, "caption": "“If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at…” — Charlie Munger", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "We ought to thank President Bush. He made it a lot easier for people to do taxes this year. No job, no income tax this year.", "creator": { "@type": "Person", "name": "Jay Leno" }, "url": "https://sms4smile.com/quotes/jay-leno/we-ought-to-thank-president-bush-he-made-it-a-lot-easier-for-people/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e3e/jay-leno-210_easier_we-ought-to-thank-president-bush-he-made_2284682.png", "contentUrl": "https://sms4smile.com/quotes/i/e3e/jay-leno-210_easier_we-ought-to-thank-president-bush-he-made_2284682.png", "url": "https://sms4smile.com/quotes/i/e3e/jay-leno-210_easier_we-ought-to-thank-president-bush-he-made_2284682.png", "width": 1080, "height": 1080, "caption": "“We ought to thank President Bush. He made it a lot easier for people to do taxes this year. No job, no…” — Jay Leno", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "We rule out raising taxes this year.", "creator": { "@type": "Person", "name": "Luis de Guindos" }, "url": "https://sms4smile.com/quotes/luis-de-guindos/we-rule-out-raising-taxes-this-year/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/548/luis-de-guindos-52880_raising_we-rule-out-raising-taxes-this-year-2381_2381305.jpg", "contentUrl": "https://sms4smile.com/quotes/i/548/luis-de-guindos-52880_raising_we-rule-out-raising-taxes-this-year-2381_2381305.jpg", "url": "https://sms4smile.com/quotes/i/548/luis-de-guindos-52880_raising_we-rule-out-raising-taxes-this-year-2381_2381305.jpg", "width": 1080, "height": 1080, "caption": "“We rule out raising taxes this year.” — Luis de Guindos", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "It's tax season. When I woke this morning and realized it was tax season, I said, My God, didn't we just pay taxes last year?", "creator": { "@type": "Person", "name": "David Letterman" }, "url": "https://sms4smile.com/quotes/david-letterman/it-s-tax-season-when-i-woke-this-morning-and-realized-it-was-tax/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1b5/david-letterman-378_last-year_it-s-tax-season-when-i-woke-this-morning_2673990.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1b5/david-letterman-378_last-year_it-s-tax-season-when-i-woke-this-morning_2673990.jpg", "url": "https://sms4smile.com/quotes/i/1b5/david-letterman-378_last-year_it-s-tax-season-when-i-woke-this-morning_2673990.jpg", "width": 1080, "height": 1080, "caption": "“It's tax season. When I woke this morning and realized it was tax season, I said, My God, didn't we just pay…” — David Letterman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "I can pinpoint when I started playing professionally very easily, because in 1985, when I was 12, I got a job playing in a Top 40 band out at Disneyland. I had to join the musician's union. I started getting paid to play the drums and having to pay taxes on that money. So I've paid taxes every year since I was 12 from drumming income.", "creator": { "@type": "Person", "name": "Josh Freese" }, "url": "https://sms4smile.com/quotes/josh-freese/i-can-pinpoint-when-i-started-playing-professionally-very-easily/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5c5/josh-freese-13074_band_i-can-pinpoint-when-i-started-playing-pr_2883485.jpg", "contentUrl": "https://sms4smile.com/quotes/i/5c5/josh-freese-13074_band_i-can-pinpoint-when-i-started-playing-pr_2883485.jpg", "url": "https://sms4smile.com/quotes/i/5c5/josh-freese-13074_band_i-can-pinpoint-when-i-started-playing-pr_2883485.jpg", "width": 1080, "height": 1080, "caption": "“I can pinpoint when I started playing professionally very easily, because in 1985, when I was 12, I got a…” — Josh Freese", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/taxes-year/#webpage", "url": "https://sms4smile.com/quotes/about/taxes-year/", "name": "Taxes Year Quotes", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/taxes-year/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/9ad/david-cay-johnston-10155_balance_you-as-a-wage-earner-have-to-pay-your-ta_579119.jpg" }, "description": "Browse 7 Taxes Year quotes by 7 authors. 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