--- title: "Meaning & Key Takeaway of: I think we should have basically the same…" description: "\"I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no looph..." image: "https://sms4smile.com/quotes/i/8d9/jeffrey-r-immelt-13924_antiquated_i-think-we-should-have-basically-the-sam_16652.jpg" --- # I think we should have basically the same tax policy that… ![“I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay…” quote by Jeffrey R. Immelt](https://sms4smile.com/quotes/i/8d9/jeffrey-r-immelt-13924_antiquated_i-think-we-should-have-basically-the-sam_16652.jpg) [Download](https://sms4smile.com/quotes/i/8d9/jeffrey-r-immelt-13924_antiquated_i-think-we-should-have-basically-the-sam_16652.jpg) [Open image](https://sms4smile.com/quotes/i/8d9/jeffrey-r-immelt-13924_antiquated_i-think-we-should-have-basically-the-sam_16652.jpg) > “I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.” [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Advocates a uniform, mid‑20% corporate tax rate without loopholes, arguing the U.S. system is outdated and inequitable. **In simple terms:** Calls for tax simplification and fairness. Key Takeaway Simplify tax code, raise rates, close loopholes. Themes tax policy fiscal fairness comparative economics government reform public finance Mood critical analytical concerned Type policy statement opinion When to use this quote - legislative debate - budget planning - business strategy - public advocacy - international trade negotiations Key Concepts corporate tax tax loopholes policy parity economic efficiency Practical Applications - policy drafting - tax reform advocacy Questions to Reflect On - How would a uniform rate affect investment? - What challenges arise in eliminating loopholes? ★ ★ ★ ★ ★ No ratings yet [Antiquated](https://sms4smile.com/quotes/about/antiquated/) [Antiquated Tax](https://sms4smile.com/quotes/about/antiquated-tax-384109/) [Basically](https://sms4smile.com/quotes/about/basically/) [Basically Tax](https://sms4smile.com/quotes/about/basically-tax-384110/) [Else](https://sms4smile.com/quotes/about/else/) [Everybody](https://sms4smile.com/quotes/about/everybody/) [Everybody else](https://sms4smile.com/quotes/about/everybody-else/) [Germany](https://sms4smile.com/quotes/about/germany/) [Going](https://sms4smile.com/quotes/about/going/) [I think](https://sms4smile.com/quotes/about/i-think/) [Japan](https://sms4smile.com/quotes/about/japan/) [Less](https://sms4smile.com/quotes/about/less/) [Loopholes](https://sms4smile.com/quotes/about/loopholes/) [Means](https://sms4smile.com/quotes/about/means/) [More](https://sms4smile.com/quotes/about/more/) [Most](https://sms4smile.com/quotes/about/most/) [Pay](https://sms4smile.com/quotes/about/pay/) [People](https://sms4smile.com/quotes/about/people/) [Policy](https://sms4smile.com/quotes/about/policy/) [Rate](https://sms4smile.com/quotes/about/rate/) [Same](https://sms4smile.com/quotes/about/same/) [Should](https://sms4smile.com/quotes/about/should/) [Some](https://sms4smile.com/quotes/about/some/) [Some people](https://sms4smile.com/quotes/about/some-people/) [System](https://sms4smile.com/quotes/about/system/) [Tax](https://sms4smile.com/quotes/about/tax/) [Tax Policy](https://sms4smile.com/quotes/about/tax-policy-384111/) [Tax rate](https://sms4smile.com/quotes/about/tax-rate/) [Tax system](https://sms4smile.com/quotes/about/tax-system/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Taxes People](https://sms4smile.com/quotes/about/taxes-people-384108/) [Think](https://sms4smile.com/quotes/about/think/) [Which](https://sms4smile.com/quotes/about/which/) [Zero](https://sms4smile.com/quotes/about/zero/) ## Related quotes > [No idea is so antiquated that it was not once modern. No idea is so modern that it will not someday be antiquated.](https://sms4smile.com/quotes/ellen-glasgow/no-idea-is-so-antiquated-that-it-was-not-once-modern-no-idea-is-so/) [Ellen Glasgow](https://sms4smile.com/quotes/author/ellen-glasgow/) > [I would love an upgrade from the Nielsen box; it feels so antiquated to me.](https://sms4smile.com/quotes/nat-faxon/i-would-love-an-upgrade-from-the-nielsen-box-it-feels-so-antiquated/) [Nat Faxon](https://sms4smile.com/quotes/author/nat-faxon/) > [If I had my way, I wouldn't do annual reviews, if I felt that everybody would be more honest about positive and negative feedback…](https://sms4smile.com/quotes/carol-bartz/if-i-had-my-way-i-wouldn-t-do-annual-reviews-if-i-felt-that-everybody/) [Carol Bartz](https://sms4smile.com/quotes/author/carol-bartz/) > [I have not been in Washington very long, but I've been there long enough to be shocked by how antiquated some of our laws…](https://sms4smile.com/quotes/kirsten-gillibrand/i-have-not-been-in-washington-very-long-but-i-ve-been-there-long/) [Kirsten Gillibrand](https://sms4smile.com/quotes/author/kirsten-gillibrand/) > [“An old dream with a shiny new veneer. It's fascinating, you know, how an obsolete madness is sometimes adopted and stylized in an attempt…](https://sms4smile.com/quotes/thomas-ligotti/an-old-dream-with-a-shiny-new-veneer-it-s-fascinating-you-know-how-an/) [Thomas Ligotti](https://sms4smile.com/quotes/author/thomas-ligotti/) > [If education is always to be conceived along the same antiquated lines of a mere transmission of knowledge, there is little to be hoped…](https://sms4smile.com/quotes/maria-montessori/if-education-is-always-to-be-conceived-along-the-same-antiquated-2/) [Maria Montessori](https://sms4smile.com/quotes/author/maria-montessori/) > [The world of TV debates is antiquated. What looked smart and modern in 1960, with Kennedy versus Nixon, looks quaint and over-rehearsed between Obama…](https://sms4smile.com/quotes/ruzwana-bashir/the-world-of-tv-debates-is-antiquated-what-looked-smart-and-modern-in/) [Ruzwana Bashir](https://sms4smile.com/quotes/author/ruzwana-bashir/) > [Yes, letter writing is antiquated - though there remain a few renegades who still so treasure the luxury of contemplating their lives in letters…](https://sms4smile.com/quotes/joan-frank/yes-letter-writing-is-antiquated-though-there-remain-a-few-renegades/) [Joan Frank](https://sms4smile.com/quotes/author/joan-frank/) > [Well, I'm not trying to get rid of the unions, but I am saying that they appear to be an antiquated concept in today's…](https://sms4smile.com/quotes/jim-demint/well-i-m-not-trying-to-get-rid-of-the-unions-but-i-am-saying-that/) [Jim DeMint](https://sms4smile.com/quotes/author/jim-demint/) > [The danger in a brood mare band is that your mares become antiquated, and you wake up some day and realize that the average…](https://sms4smile.com/quotes/larry-macphail/the-danger-in-a-brood-mare-band-is-that-your-mares-become-antiquated/) [Larry MacPhail](https://sms4smile.com/quotes/author/larry-macphail/) > [We haven't lost romance in the digital age, but we may be neglecting it. In doing so, antiquated art forms are taking on new…](https://sms4smile.com/quotes/ashton-kutcher/we-haven-t-lost-romance-in-the-digital-age-but-we-may-be-neglecting/) [Ashton Kutcher](https://sms4smile.com/quotes/author/ashton-kutcher/) > [Although by 1851 tales of adventure had begun to seem antiquated, they had rendered a large service to the course of literature: they had…](https://sms4smile.com/quotes/carl-clinton-van-doren/although-by-1851-tales-of-adventure-had-begun-to-seem-antiquated-they/) [Carl Clinton Van Doren](https://sms4smile.com/quotes/author/carl-clinton-van-doren/) > [WhatsApp provides phone-number-based messaging, and people asked, 'Isn't that what SMS is?' Yes, but SMS is expensive, antiquated, and what WhatsApp did was modernize…](https://sms4smile.com/quotes/brian-acton/whatsapp-provides-phone-number-based-messaging-and-people-asked-isn-t/) [Brian Acton](https://sms4smile.com/quotes/author/brian-acton/) > [I think being tortured as a virtue is a kind of antiquated sense of what it is to be an artist. It comes out…](https://sms4smile.com/quotes/mary-karr/i-think-being-tortured-as-a-virtue-is-a-kind-of-antiquated-sense-of/) [Mary Karr](https://sms4smile.com/quotes/author/mary-karr/) > [According to Mr. Obama, exceptionalism is so yesterday, an uncool, antiquated and ultimately destructive notion.](https://sms4smile.com/quotes/monica-crowley/according-to-mr-obama-exceptionalism-is-so-yesterday-an-uncool/) [Monica Crowley](https://sms4smile.com/quotes/author/monica-crowley/) ## More by Jeffrey R. Immelt > [I think that if you run a big company, you've got to, four or five times a year, just say, 'Hey team, look, here's…](https://sms4smile.com/quotes/jeffrey-r-immelt/i-think-that-if-you-run-a-big-company-you-ve-got-to-four-or-five/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Business leaders should provide expertise in service of our country. My predecessors at GE have done so, as have leaders of many other great…](https://sms4smile.com/quotes/jeffrey-r-immelt/business-leaders-should-provide-expertise-in-service-of-our-country/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Values can't just be words on a page. To be effective, they must shape action.](https://sms4smile.com/quotes/jeffrey-r-immelt/values-can-t-just-be-words-on-a-page-to-be-effective-they-must-shape/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Surviving a failure gives you more self-confidence. Failures are great learning tools.. but they must be kept to a minimum.](https://sms4smile.com/quotes/jeffrey-r-immelt/surviving-a-failure-gives-you-more-self-confidence-failures-are-great/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [It's the sustained ability to change that really counts.](https://sms4smile.com/quotes/jeffrey-r-immelt/it-s-the-sustained-ability-to-change-that-really-counts/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [GE sells more than 96 percent of its products to the private sector, where America's future must be built. But government can help business…](https://sms4smile.com/quotes/jeffrey-r-immelt/ge-sells-more-than-96-percent-of-its-products-to-the-private-sector/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [People ought to invest in us because they like our company and the way they run it. We still do quarterly earnings guidance, but…](https://sms4smile.com/quotes/jeffrey-r-immelt/people-ought-to-invest-in-us-because-they-like-our-company-and-the/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Work hard with passion and courage. Life is a marathon of contribution. You really must work hard to accomplish something... Find your passion and…](https://sms4smile.com/quotes/jeffrey-r-immelt/work-hard-with-passion-and-courage-life-is-a-marathon-of-contribution/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Live with passion. Live with purpose.](https://sms4smile.com/quotes/jeffrey-r-immelt/live-with-passion-live-with-purpose/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [I do business in 170 countries; none of them is perfect. There is not even one country that I think of, and I am…](https://sms4smile.com/quotes/jeffrey-r-immelt/i-do-business-in-170-countries-none-of-them-is-perfect-there-is-not/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [I think there's a need for somewhat of a mindset change. We need to have a consistent external focus. We've always had the research…](https://sms4smile.com/quotes/jeffrey-r-immelt/i-think-there-s-a-need-for-somewhat-of-a-mindset-change-we-need-to/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [Managing innovation better may be the only way out of the abyss called commodity hell.](https://sms4smile.com/quotes/jeffrey-r-immelt/managing-innovation-better-may-be-the-only-way-out-of-the-abyss/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [You can't delegate growth or customer satisfaction.](https://sms4smile.com/quotes/jeffrey-r-immelt/you-can-t-delegate-growth-or-customer-satisfaction/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [I was never afraid of failure. I realized that I was responsible for my own success and that every day offers a new beginning…](https://sms4smile.com/quotes/jeffrey-r-immelt/i-was-never-afraid-of-failure-i-realized-that-i-was-responsible-for/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) > [I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest…](https://sms4smile.com/quotes/jeffrey-r-immelt/i-have-learned-that-nothing-is-certain-except-for-the-need-to-have/) [Jeffrey R. Immelt](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) [Explore all 48 Jeffrey R. Immelt quotes ](https://sms4smile.com/quotes/author/jeffrey-r-immelt/) ## More Antiquated quotes > [No idea is so antiquated that it was not once modern. No idea is so modern that it will not someday be antiquated.](https://sms4smile.com/quotes/ellen-glasgow/no-idea-is-so-antiquated-that-it-was-not-once-modern-no-idea-is-so/) [Ellen Glasgow](https://sms4smile.com/quotes/author/ellen-glasgow/) > [I think being tortured as a virtue is a kind of antiquated sense of what it is to be an artist. It comes out…](https://sms4smile.com/quotes/mary-karr/i-think-being-tortured-as-a-virtue-is-a-kind-of-antiquated-sense-of/) [Mary Karr](https://sms4smile.com/quotes/author/mary-karr/) > [WhatsApp provides phone-number-based messaging, and people asked, 'Isn't that what SMS is?' Yes, but SMS is expensive, antiquated, and what WhatsApp did was modernize…](https://sms4smile.com/quotes/brian-acton/whatsapp-provides-phone-number-based-messaging-and-people-asked-isn-t/) [Brian Acton](https://sms4smile.com/quotes/author/brian-acton/) > [Although by 1851 tales of adventure had begun to seem antiquated, they had rendered a large service to the course of literature: they had…](https://sms4smile.com/quotes/carl-clinton-van-doren/although-by-1851-tales-of-adventure-had-begun-to-seem-antiquated-they/) [Carl Clinton Van Doren](https://sms4smile.com/quotes/author/carl-clinton-van-doren/) > [We haven't lost romance in the digital age, but we may be neglecting it. In doing so, antiquated art forms are taking on new…](https://sms4smile.com/quotes/ashton-kutcher/we-haven-t-lost-romance-in-the-digital-age-but-we-may-be-neglecting/) [Ashton Kutcher](https://sms4smile.com/quotes/author/ashton-kutcher/) > [The danger in a brood mare band is that your mares become antiquated, and you wake up some day and realize that the average…](https://sms4smile.com/quotes/larry-macphail/the-danger-in-a-brood-mare-band-is-that-your-mares-become-antiquated/) [Larry MacPhail](https://sms4smile.com/quotes/author/larry-macphail/) > [Well, I'm not trying to get rid of the unions, but I am saying that they appear to be an antiquated concept in today's…](https://sms4smile.com/quotes/jim-demint/well-i-m-not-trying-to-get-rid-of-the-unions-but-i-am-saying-that/) [Jim DeMint](https://sms4smile.com/quotes/author/jim-demint/) > [Yes, letter writing is antiquated - though there remain a few renegades who still so treasure the luxury of contemplating their lives in letters…](https://sms4smile.com/quotes/joan-frank/yes-letter-writing-is-antiquated-though-there-remain-a-few-renegades/) [Joan Frank](https://sms4smile.com/quotes/author/joan-frank/) > [The world of TV debates is antiquated. What looked smart and modern in 1960, with Kennedy versus Nixon, looks quaint and over-rehearsed between Obama…](https://sms4smile.com/quotes/ruzwana-bashir/the-world-of-tv-debates-is-antiquated-what-looked-smart-and-modern-in/) [Ruzwana Bashir](https://sms4smile.com/quotes/author/ruzwana-bashir/) > [If education is always to be conceived along the same antiquated lines of a mere transmission of knowledge, there is little to be hoped…](https://sms4smile.com/quotes/maria-montessori/if-education-is-always-to-be-conceived-along-the-same-antiquated-2/) [Maria Montessori](https://sms4smile.com/quotes/author/maria-montessori/) > [“An old dream with a shiny new veneer. It's fascinating, you know, how an obsolete madness is sometimes adopted and stylized in an attempt…](https://sms4smile.com/quotes/thomas-ligotti/an-old-dream-with-a-shiny-new-veneer-it-s-fascinating-you-know-how-an/) [Thomas Ligotti](https://sms4smile.com/quotes/author/thomas-ligotti/) > [I have not been in Washington very long, but I've been there long enough to be shocked by how antiquated some of our laws…](https://sms4smile.com/quotes/kirsten-gillibrand/i-have-not-been-in-washington-very-long-but-i-ve-been-there-long/) [Kirsten Gillibrand](https://sms4smile.com/quotes/author/kirsten-gillibrand/) > [If I had my way, I wouldn't do annual reviews, if I felt that everybody would be more honest about positive and negative feedback…](https://sms4smile.com/quotes/carol-bartz/if-i-had-my-way-i-wouldn-t-do-annual-reviews-if-i-felt-that-everybody/) [Carol Bartz](https://sms4smile.com/quotes/author/carol-bartz/) > [I would love an upgrade from the Nielsen box; it feels so antiquated to me.](https://sms4smile.com/quotes/nat-faxon/i-would-love-an-upgrade-from-the-nielsen-box-it-feels-so-antiquated/) [Nat Faxon](https://sms4smile.com/quotes/author/nat-faxon/) > [According to Mr. Obama, exceptionalism is so yesterday, an uncool, antiquated and ultimately destructive notion.](https://sms4smile.com/quotes/monica-crowley/according-to-mr-obama-exceptionalism-is-so-yesterday-an-uncool/) [Monica Crowley](https://sms4smile.com/quotes/author/monica-crowley/) [Browse all 19 Antiquated quotes ](https://sms4smile.com/quotes/about/antiquated/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. 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