--- title: "Meaning & Key Takeaway of: Many people are smart enough to know how…" description: "\"Many people are smart enough to know how to manage themselves out of the estate tax.\" — Gary Cohn" image: "https://sms4smile.com/quotes/i/db7/gary-cohn-18711_enough_many-people-are-smart-enough-to-know-how_1962710.png" --- # Many people are smart enough to know how to manage… ![“Many people are smart enough to know how to manage themselves out of the estate tax.” quote by Gary Cohn](https://sms4smile.com/quotes/i/db7/gary-cohn-18711_enough_many-people-are-smart-enough-to-know-how_1962710.png) [Download](https://sms4smile.com/quotes/i/db7/gary-cohn-18711_enough_many-people-are-smart-enough-to-know-how_1962710.png) [Open image](https://sms4smile.com/quotes/i/db7/gary-cohn-18711_enough_many-people-are-smart-enough-to-know-how_1962710.png) > “Many people are smart enough to know how to manage themselves out of the estate tax.” [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Many can self‑manage to avoid estate taxes through planning and knowledge. **In simple terms:** Smart people can reduce estate taxes. Key Takeaway Learn tax strategies to protect assets. Themes finance tax planning self‑reliance Mood pragmatic concerned Type instructional cautionary When to use this quote - inheritance planning - business succession - personal finance Key Concepts estate law wealth preservation financial literacy Questions to Reflect On - What steps have you taken to protect your estate? - Do you trust professionals for tax advice? A Different Perspective Tax law changes can undermine strategies. ★ ★ ★ ★ ★ No ratings yet [Enough](https://sms4smile.com/quotes/about/enough/) [Estate](https://sms4smile.com/quotes/about/estate/) [Estate tax](https://sms4smile.com/quotes/about/estate-tax/) [How](https://sms4smile.com/quotes/about/how/) [Manage Estate](https://sms4smile.com/quotes/about/manage-estate-3249416/) [People](https://sms4smile.com/quotes/about/people/) [People Smart](https://sms4smile.com/quotes/about/people-smart/) [Smart](https://sms4smile.com/quotes/about/smart/) [Smart Know](https://sms4smile.com/quotes/about/smart-know-618711/) [Tax](https://sms4smile.com/quotes/about/tax/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [Democrats who see virtue in the estate tax are doing the equivalent of aborting future enterprises. They deprive businesses of oxygen with their support…](https://sms4smile.com/quotes/amity-shlaes/democrats-who-see-virtue-in-the-estate-tax-are-doing-the-equivalent/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [If no estate tax is imposed, capital gains taxes can be avoided indefinitely.](https://sms4smile.com/quotes/richard-thaler/if-no-estate-tax-is-imposed-capital-gains-taxes-can-be-avoided/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [I don't like the repeal of the estate tax.](https://sms4smile.com/quotes/stanley-druckenmiller/i-don-t-like-the-repeal-of-the-estate-tax/) [Stanley Druckenmiller](https://sms4smile.com/quotes/author/stanley-druckenmiller/) > [On the estate tax, if you look at the couple of groups who are the biggest advocates for repealing the estate tax, it really…](https://sms4smile.com/quotes/gary-cohn/on-the-estate-tax-if-you-look-at-the-couple-of-groups-who-are-the/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [“There are people who are so smart they know how to manipulate you.”](https://sms4smile.com/quotes/veronica-roth/there-are-people-who-are-so-smart-they-know-how-to-manipulate-you/) [Veronica Roth](https://sms4smile.com/quotes/author/veronica-roth/) > [The estate taxes, on balance, are good. They get people to give money to charity, and they prevent these family dynasties which keep other…](https://sms4smile.com/quotes/michael-bloomberg/the-estate-taxes-on-balance-are-good-they-get-people-to-give-money-to/) [Michael Bloomberg](https://sms4smile.com/quotes/author/michael-bloomberg/) > [“So we call it “the estate tax,” which sounds very adult and respectable and vaguely French Revolution. Nobody really thinks of themselves has owning…](https://sms4smile.com/quotes/andrew-heaton/so-we-call-it-the-estate-tax-which-sounds-very-adult-and-respectable/) [Andrew Heaton](https://sms4smile.com/quotes/author/andrew-heaton/) > [I do not believe that the top rate should be lowered for individuals who are making more than $1 million a year. I don't…](https://sms4smile.com/quotes/susan-collins/i-do-not-believe-that-the-top-rate-should-be-lowered-for-individuals/) [Susan Collins](https://sms4smile.com/quotes/author/susan-collins/) > [“When you get rid of the estate tax,” he said, “you’re basically handing over command of the country’s resources to people who didn’t earn…](https://sms4smile.com/quotes/barack-obama/when-you-get-rid-of-the-estate-tax-he-said-you-re-basically-handing/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Me and my dad are the biggest promoters of an estate tax in the US. It's not a popular position.](https://sms4smile.com/quotes/bill-gates/me-and-my-dad-are-the-biggest-promoters-of-an-estate-tax-in-the-us-it/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [If we completely repealed the estate tax, it would provide an estimated $32 billion tax break for the Walton family - the founders of Wal-Mart.](https://sms4smile.com/quotes/bernie-sanders/if-we-completely-repealed-the-estate-tax-it-would-provide-an/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Gary Cohn doesn't care about the estate tax, I can guarantee you. I can guarantee you.](https://sms4smile.com/quotes/gary-cohn/gary-cohn-doesn-t-care-about-the-estate-tax-i-can-guarantee-you-i-can/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [It is no secret that our tax code is drastically outdated and burdensome to all Americans. Fortunately, more and more people are aware daily…](https://sms4smile.com/quotes/jeff-miller/it-is-no-secret-that-our-tax-code-is-drastically-outdated-and/) [Jeff Miller](https://sms4smile.com/quotes/author/jeff-miller/) > [“If an heir is equal to his money, it serves him; if not, it destroys him.”](https://sms4smile.com/quotes/ayn-rand/if-an-heir-is-equal-to-his-money-it-serves-him-if-not-it-destroys-him/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [We're going to raise the estate tax for wealthy, very wealthy people.](https://sms4smile.com/quotes/lawrence-o-donnell/we-re-going-to-raise-the-estate-tax-for-wealthy-very-wealthy-people/) [Lawrence O'Donnell](https://sms4smile.com/quotes/author/lawrence-o-donnell/) ## More by Gary Cohn > [If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.](https://sms4smile.com/quotes/gary-cohn/if-you-don-t-invest-in-risk-management-it-doesn-t-matter-what/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [Going to school is not really education. It's really who's in front of the classrooms and who's endearing themselves to the kids and who's…](https://sms4smile.com/quotes/gary-cohn/going-to-school-is-not-really-education-it-s-really-who-s-in-front-of/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [On the estate tax, if you look at the couple of groups who are the biggest advocates for repealing the estate tax, it really…](https://sms4smile.com/quotes/gary-cohn/on-the-estate-tax-if-you-look-at-the-couple-of-groups-who-are-the/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [Keep yourself motivated. You've got to be motivated, you've got to wake up every day and understand what that day is about; you've got…](https://sms4smile.com/quotes/gary-cohn/keep-yourself-motivated-you-ve-got-to-be-motivated-you-ve-got-to-wake/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [We no longer have a significant middle class in the US due to Barack Obama's job-killing ban on oil drilling in Zion Park. 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I'm really not upset.](https://sms4smile.com/quotes/gary-cohn/if-someone-s-getting-a-tax-cut-i-m-not-upset-that-they-re-getting-a/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [Every time you get into a new job, new location, you have an amazing opportunity in front of you. You get to play dumb…](https://sms4smile.com/quotes/gary-cohn/every-time-you-get-into-a-new-job-new-location-you-have-an-amazing/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [There is a finite group of major financial players... and overall, the best thing for all of us is to be in an industry…](https://sms4smile.com/quotes/gary-cohn/there-is-a-finite-group-of-major-financial-players-and-overall-the/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [When our economy grows, it is good for the world. When the world economy grows, it is good for the United States.](https://sms4smile.com/quotes/gary-cohn/when-our-economy-grows-it-is-good-for-the-world-when-the-world/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [Education is important. And the difference of the zip code you grow up in or the zip code you are born in and how…](https://sms4smile.com/quotes/gary-cohn/education-is-important-and-the-difference-of-the-zip-code-you-grow-up/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [Upon graduation, believe it or not, I had no job. I had no interviews. I had no prospects. I had no worries. What I…](https://sms4smile.com/quotes/gary-cohn/upon-graduation-believe-it-or-not-i-had-no-job-i-had-no-interviews-i/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [I don't think it's good for anyone to be in the public light - for negative reasons.](https://sms4smile.com/quotes/gary-cohn/i-don-t-think-it-s-good-for-anyone-to-be-in-the-public-light-for/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) > [I've thought about it many times, I really have, because it defined who I am. I wouldn't be where I am today without my…](https://sms4smile.com/quotes/gary-cohn/i-ve-thought-about-it-many-times-i-really-have-because-it-defined-who/) [Gary Cohn](https://sms4smile.com/quotes/author/gary-cohn/) [Explore all 34 Gary Cohn quotes ](https://sms4smile.com/quotes/author/gary-cohn/) ## More Enough quotes > [I guess at it's very core love is connection that just makes so much sense you wonder how you used to live before you…](https://sms4smile.com/quotes/benjamin-stone/i-guess-at-it-s-very-core-love-is-connection-that-just-makes-so-much/) [Benjamin Stone](https://sms4smile.com/quotes/author/benjamin-stone/) > [Failures happen. You can't cry over them. You just take it in your stride because you know that you have done your best... 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I don't need to see it through to the end. When it actually happens,…](https://sms4smile.com/quotes/amy-sedaris/sometimes-it-s-just-enough-for-me-to-have-the-idea-i-don-t-need-to/) [Amy Sedaris](https://sms4smile.com/quotes/author/amy-sedaris/) > [The vast majority of organizations today have more than enough intelligence, experience and knowledge to be successful. What they lack is organizational health.](https://sms4smile.com/quotes/patrick-lencioni/the-vast-majority-of-organizations-today-have-more-than-enough/) [Patrick Lencioni](https://sms4smile.com/quotes/author/patrick-lencioni/) > [I'm an actor, so I'm never going to feel like I've done enough.](https://sms4smile.com/quotes/italia-ricci/i-m-an-actor-so-i-m-never-going-to-feel-like-i-ve-done-enough/) [Italia Ricci](https://sms4smile.com/quotes/author/italia-ricci/) > [I've been to Manchester enough to know it's a real place. It's not Factory Records and the Smiths bicycling around. I get it. It's…](https://sms4smile.com/quotes/james-murphy/i-ve-been-to-manchester-enough-to-know-it-s-a-real-place-it-s-not/) [James Murphy](https://sms4smile.com/quotes/author/james-murphy/) > [Lutherans, whose arguments and mistakes will not be difficult to contest or discover, do not want to attribute any value to works, and they…](https://sms4smile.com/quotes/michael-servetus/lutherans-whose-arguments-and-mistakes-will-not-be-difficult-to/) [Michael Servetus](https://sms4smile.com/quotes/author/michael-servetus/) > [Sam dropped me off. When she was too far away to see me, I started to cry again. Because she was my friend again.…](https://sms4smile.com/quotes/stephen-chbosky/sam-dropped-me-off-when-she-was-too-far-away-to-see-me-i-started-to/) [Stephen Chbosky](https://sms4smile.com/quotes/author/stephen-chbosky/) > [I just worried about my weight. Worried about my appearance and thought I wan't pretty enough to be a pop star. 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