Quotes & Sayings About Income

Outdoors, we knew, was the real terror of life. The threat of being outdoors surfaced frequently in those days. Every possibility of excess was curtailed with it. If somebody ate too much, he could end up outdoors. If somebody used too much coal, he could end up outdoors. People could gamble themselves outdoors, drink themselves outdoors. Sometimes mothers put their sons outdoors, and when that happened, regardless of what the son had done, all sympathy was with him. He was outdoors, and his own flesh had done it. To be put outdoors by a landlord was one thing - unfortunate, but an aspect of life over which you had no control, since you could not control your income. But to be slack enough to put oneself outdoors, or heartless enough to put one's own kin outdoors - that was criminal. — Toni Morrison

If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five. — Jim Rohn

The gross domestic product (GDP) was created in the 1930s to measure the value of the sum total of economic goods and services generated over a single year. The problem with the index is that it counts negative as well as positive economic activity. If a country invests large sums of money in armaments, builds prisons, expands police security, and has to clean up polluted environments and the like, it's included in the GDP. Simon Kuznets, an American who invented the GDP measurement tool, pointed out early on that "[t]he welfare of a nation can . . . scarcely be inferred from a measurement of national income."28 Later in life, Kuznets became even more emphatic about the drawbacks of relying on the GDP as a gauge of economic prosperity. He warned that "[d]istinctions must be kept in mind between quantity and quality of growth . . . . Goals for 'more' growth should specify more growth of what and for what."29 — Jeremy Rifkin

I'm 40 years old. What I have seen my whole life is widening income inequality. — Robert Reich

no mathematical formula or econometric estimate can tell us exactly what tax rate ought to be applied to what level of income. Only collective deliberation and democratic experimentation can do that. — Thomas Piketty

Open immigration can't exist with a strong social safety net; if you're going to assure healthcare and a decent income to everyone, you can't make that offer global — Paul Krugman

When the topic is growing income inequality, it's hard to prettify an imbalance between the rich and everybody else, so instead, conservatives try to argue that it doesn't exist. — Timothy Noah

It should feel genuinely good to earn income from your blog - you should be driven by a healthy ambition to succeed. If your blog provides genuine value, you fully deserve to earn income from it. — Steve Pavlina

I deem it the duty of every man to devote a certain portion of his income for charitable purposes; and that it is his further duty to see it so applied and to do the most good for which it is capable. — Thomas Jefferson

I've got people handling the media. I employ at the moment two people. No-one is paying income tax on the money they use to employ people. — Ken Livingstone

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. — Eric Hobsbawm

The places where poor children face the worst odds include some - but not all - of the nation's largest urban areas, like Atlanta; Chicago; Los Angeles; Milwaukee; Orlando, West Palm Beach and Tampa in Florida; Austin, Tex.; the Bronx; and the parts of Manhattan with low-income neighborhoods. — Anonymous

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

The Founding Fathers realized that "the power to tax is the power to destroy," which is why they did not give the Federal government the power to impose an income tax. Needless to say, the Founders would be horrified to know that Americans today give more than a third of their income to the Federal government. — Ron Paul

In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization. — Noam Chomsky

In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations. — Virgil Goode

In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption. — Ben Bernanke

The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries. — Joseph Stiglitz

A large income will not give you happiness, but a blissful heart will. — Debasish Mridha

Whether you are a low-income elderly woman living at the end of a dirt road in Vermont or a wealthy CEO living on Park Avenue, you get your mail six days a week. And you pay for this service at a cost far less than anywhere else in the industrialized world. — Bernie Sanders

The average American household's income declined for a second year in a row, the data from the Bureau of Labor Statistics show, down 0.9 percent to $64,432. The wealthiest fifth of Americans were an exception: Their incomes increased by 0.9 percent. Among the poorest fifth, incomes fell 3.5 percent. Taking taxes into account, — Anonymous

The best way for the Government to maintain its credit is to pay as it goes-not by resorting to loans, but by keeping out of debt-through an adequate income secured by a system of taxation, external or internal, or both. — William McKinley

Pity the man who inherits a million and isn't a millionaire. Here's what would be pitiful, if your income grew and you didn't. — Jim Rohn

Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment. — Henry Hazlitt

It is not making better people of others that management is about. It's about making a better person of self. Income, power, and titles have nothing to do with that. — Dee Hock

The potential for Home Star to create jobs is proven and real. In Vermont, our statewide energy efficiency utility, Efficiency Vermont, created more than 430 jobs in 2007 and 2008, generating more than $40 million in income. — Peter Welch

Well, we lost a lot of our independence already. We are dependent on China for credit. We are dependent on Middle Eastern countries for energy supplies. And many Americans are dependent on the government for their income, health care, education of their children, food stamps. — Jim DeMint

I'm at a point where I don't have to wait for the income from the record to survive, so I'm in a comfortable zone, but I'll make rap records as long as I feel I have something to rap about. — Ice-T

You're entitled to Medicaid regardless of your income. Don't worry about your health care. — Max Baucus

I'm still one who says that we can get rid of the Internal Revenue Service if we would pass the fair tax, which is a tax on consumption rather than a tax on people's income, and move power back where the founders believed it should have been all along. — Mike Huckabee

I believe that people of my income group should pay more, and I explained why, but that won't necessarily lift overall wage levels. — William J. Clinton

Chance plays a powerful role in every life - our brains and personalities are just chemical soup, after all; a few drops here or there matter enormously - but consequences often become more serious as income levels go down. — Mohsin Hamid

Americans today spend less on food, as a percentage of disposable income (10%), than any other industrialized nation... meaning that we could afford to spend more on food if we chose to. — Michael Pollan

My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income ... passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties. — Robert Kiyosaki

With an operating profit margin topping 40 percent, Fanuc makes 25 percent more income per employee than Goldman Sachs, — Anonymous

In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth. — Thomas Piketty

When people retire, their income drops much more sharply than their consumption. As a result, they stop saving and start drawing down the assets they've acquired during their high-saving years. That could start to put upward pressure on interest rates and downward pressure on stock prices. — Greg Ip

When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income. — Michael Hudson

When the left party in a system severs its bonds to working people - when it dedicates itself to the concerns of a particular slice of high-achieving affluent people - issues of work and income inequality will inevitably fade from its list of concerns. — Thomas Frank

Bad business should be done without guilt if it is a source of income. — Michael Bassey Johnson

Religion to be true must satisfy what may be termed humanitarian economics, that is, where the income and the expenditure balance each other. — Mahatma Gandhi

By the end of his presidency - and the sixteen-year run of Dixie dominance in Washington - income inequality and the concentration of wealth in the federation had reached the highest levels in its history, exceeding even the Gilded Age and Great Depression. In 2007 the richest tenth of Americans accounted for half of all income, while the richest 1 percent had seen their share nearly triple since 1994.8 — Colin Woodard

People are important too, however, and what a terrible impact a total ban on hunting would have on the rural economy, which is still reeling from the after-effects of foot and mouth disease. With average net farm income having fallen to 5,200 per farm in England and 4,100 in Wales, it seems an act of spiteful vandalism to destroy literally thousands of jobs in deeply rural areas, when it is simply not necessary to do so and where no meaningful alternative employment exists. — Ann Winterton

Lesson to would-be fame seekers: It's not really a new world when it comes to celebrity. There are no shortcuts. It's still talent, perseverance and hard work. Even the speed and reach of the Net can't create lasting value and income overnight. — Sarah Lacy

Exhibit 6.2 Cost of $1,000 in Monthly Lifetime Annuity Income, Starting at Age 65 Year Male Female 2004 $157,432 $167,818 2005 $157,255 $167,817 2006 $151,700 $161,363 2007 $151,524 $160,966 2008 $147,953 $155,843 2009 $156,500 $165,502 2010 $170,116 $178,410 2011 $174,828 $182,952 2012 $187,008 $195,216 2013 $183,728 $191,571 Average $163,804 $172,746 Source: CANNEX Financial Exchanges for non-COLA-adjusted qualified annuity income with a 10-year guarantee for California. — Moshe A. Milevsky

I have a simple plan to solve the economic crisis. Give every American a $100 credit to the dog track of their choice. I have found the puppies to be a reliable source of income with a consistent rate of return. — Willie Geist

During the years I was on the board of directors of the National Organization for Women [chapter] in New York City, the most resistant audiences I ever faced in the process of doing corporate workshops on equality in the workplace were not male executives they were the wives of male executives. As long as her income came from her husband, she was not feeling generous when affirmative action let another woman have a head start vying for her husband's (her) income. — Warren Farrell

We cannot afford to lose the Medicaid funding for low-income women. — Kay Bailey Hutchison

Until we embrace our mutual brokenness, our work with low-income people is likely to do more harm than good. I sometimes unintentionally reduce poor people to objects that I use to fulfill my own need to accomplish something. I am not okay, and you are not okay. But Jesus can fix us both. — Steve Corbett

Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country. — Andrew Lloyd Webber

I just filled out my income tax forms. Who says you can't get killed by a blank? — Milton Berle

A heavy or progressive or graduated income tax is necessary for the proper development of Communism. — Karl Marx

We would report the exact details of her letter to her modiste, but we fear you would be overcome. Suffice to say, the money outlaid upon hats rivals the annual income of a large estate or small country; We fail to see why one small woman needs so many hats. She is unlikely to be concealing additional heads upon her person. — Cassandra Clare

Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth. — Robert Kiyosaki

My roots were pretty far removed from high income. It's interesting to be back there at the level of income I have now, at this stage in my life. — Morgan Freeman

If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young. — Friedrich August Von Hayek

A homeless man once told me that dancing to rap music is the cultural equivalent of masturbating, and I'd sort of fell the same way about playing John Madden Football immediately after filing my income tax: It's fun, but - somehow - vaguely pathetic. — Chuck Klosterman

Our children, Edward, Agnes, and little Mary, promise well; their education, for the time being, is chiefly committed to me; and they shall want no good thing that a mother's care can give.
Our modest income is amply sufficient for our requirements; and by practising the economy we learnt in harder times, and never attempting to imitate our richer neighbours, we manage not only to enjoy comfort and contentment ourselves, but to have every year something to lay by for our children, and something to give to those who need it.
And now I think I have said sufficient. — Anne Bronte

The public psychology of going into debt for gain passes through several more or less distinct phases: (a) the lure of big prospective dividends or gains in income in the remote future; (b) the hope of selling at a profit, and realizing a capital gain in the immediate future; (c) the vogue of reckless promotions, taking advantage of the habituation of the public to great expectations; (d) the development of downright fraud, imposing on a public which had grown credulous and gullible. — Irving Fisher

In contrast to what many people in Britain and the United States believe, the true figures on growth (as best one can judge from official national accounts data) show that Britain and the United States have not grown any more rapidly since 1980 than Germany, France, Japan, Denmark, or Sweden. In other words, the reduction of top marginal income tax rates and the rise of top incomes do not seem to have stimulated productivity (contrary to the predictions of supply-side theory) or at any rate did not stimulate productivity enough to be statistically detectable at the macro level. — Thomas Piketty

People try to live within their income so they can afford to pay taxes to a government that can't live within its income. — Robert Half

There are people who enjoy the life in England but don't pay a penny in tax, whereas my footballers pay more than half their income in tax. — Gordon Taylor

Poverty is not only about income poverty, it is about the deprivation of economic and social rights, insecurity, discrimination, exclusion and powerlessness. That is why human rights must not be ignored but given even greater prominence in times of economic crisis. — Irene Khan

Rich people are so eccentric, and I don't think people really realize. Especially by the turn of the century, they were living like rappers, and there was no income tax. They are some of the most fascinating people, and I am endlessly fascinated. — Riki Lindhome

The latest Congressional Budget Office figures show that the top 1 percent of income earners in the United States paid 39 percent of federal income taxes while earning 18 percent of pretax income and the top 5 percent of income earners paid 61 percent of federal income taxes while earning 31 percent of pretax income. Indeed, the top 40 percent of income earners paid 99.4 percent of federal income taxes. The bottom 40 percent of income earners paid no federal income tax and received 3.8 percent from the tax system. And the middle 20 percent of income earners pay only 4.4 percent of federal income taxes.3 — Mark R. Levin

Most of us have not heard about Master Limited Partnerships. These special financing arrangements allow oil and gas investors to avoid paying certain corporate income taxes, but are not available to clean energy businesses. — Bernie Sanders

In addition, when they talked as if city people lived by different values, they were not emphasizing abortion, or gay marriage, or the things that are typically pointed to as the cultural issues that divide lower-income whites from the Democratic Party. Instead, the values they talked about were intertwined with economic concerns. — Katherine J. Cramer

Marriage is not mainly about prospering economically; it is mainly about displaying the covenant-keeping love between Christ and his church. Knowing Christ is more important than making a living. Treasuring Christ is more important than bearing children. Being united to Christ by faith is a greater source of marital success than perfect sex and double-income prosperity. — John Piper

Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system. — James Traficant

Income tax rules also made borrowing against a home's equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also be deducted, although interest on credit card debt or other debt was not deductible. Therefore it often paid anyone with any other kind of debt to pay off that debt with a home equity loan, whose interest would be deductible for income tax purposes. More and more people began to do this during the housing boom. In 2003, home equity loans totaled $593 billion. Such loans soared during the housing boom, nearly doubling to $1.13 trillion in 2007. — Thomas Sowell

I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen. — Thomas Piketty

More and more lower-middle-income families either live their lives in debt or leave the city altogether. The boom is strictly at the penthouse level. — George Steiner

Yes, there is a burden of financial insecurity. I don't think you find it in mood. Income is correlated with life satisfaction, so maybe you do find it in life satisfaction. You don't find it in mood, and I think it is very important. — Daniel Kahneman

I will never support any tax increase on middle-income earners, ever ... If you're not going to eliminate loopholes and exemptions, then I wouldn't support lowering rates. — Adam Hasner

An unearned income encourages self-pity in those already prone to it. The — Margaret Atwood

Let's abolish the IRS, let's eliminate income tax, let's eliminate corporate tax, let's balance the federal budget, and if we need a tax, it can be one federal consumption tax. — Gary Johnson

Let me respond with a few points, the first being that all immigrants pay taxes, income taxes, property taxes, sales taxes, gasoline taxes, cigarette taxes, every tax when they make a purchase. — Luis Gutierrez

What sense would it make to classify a man as handicapped because he is in a wheelchair today, if he is expected to be walking again in a month, and competing in track meets before the year is out? Yet Americans are generally given 'class' labels on the basis of their transient location in the income stream. If most Americans do not stay in the same broad income bracket for even a decade, their repeatedly changing 'class' makes class itself a nebulous concept. Yet the intelligentsia are habituated, if not addicted, to seeing the world in class terms. — Thomas Sowell

It was not that low-income renters didn't know their rights. They just knew those rights would cost them. — Matthew Desmond

Bitcoin is getting there but it's not there yet. When it gets there, expect governments to panic and society to be reshaped into something where governments cannot rely on taxing income nor wealth for running their operations. — Rick Falkvinge

showed that even with the considerable increase in the average level of education over the course of the twentieth century, earned income inequality did not decrease. Qualification levels shifted upward: a high school diploma now represents what a grade school certificate used to mean, a college degree what a high school diploma used to stand for, and so on. — Thomas Piketty

While many have been left behind by Part D, there is a clear winner: the drug industry. Independent analysts predict that Part D will increase drug industry profits by $139 billion over the next eight years. Glaxo-SmithKline's second-quarter net income already jumped 14 percent, and other leading drug companies also have benefited. — Louise Slaughter

In our experience at Safeway, we're confident that we can actually improve the quality of health care while taking costs down and using the savings to help finance coverage of low-income people who are clearly going to need help to pay for insurance. — Steven Burd

Cities that tend of have better schools for middle-income families, they tend to have much better prospects for kids moving up in the income distribution. — Raj Chetty

Look, this island is an attempt to re-create a natural environment from the past. To make an isolated world where extinct creatures roam freely. Correct?" "Yes." "But from my point of view, such an undertaking is impossible. The mathematics are so self-evident that they don't need to be calculated. It's rather like my asking you whether, on a billion dollars in income, you had to pay tax. You wouldn't need to pull out your calculator to check. You'd know tax was owed. And, similarly, I know overwhelmingly that one cannot successfully duplicate nature in this way, or hope to isolate it. — Michael Crichton

Friendship lives on its income, love devours its capital. — Arsene Houssaye

It is a man's world at the top, at the bottom, and in between. Men are in the catbird seat as far as income, opportunity, status, and power are concerned. This is the way it always has been and, as far as men are concerned, it is the way it always should be. — Joyce Brothers

Our focus should be on making the most of our own lives, regardless of whether we start at the bottom or the top- not on envying the advantages and achievements of others. — Yaron Brook

Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them. — Ludwig Von Mises

The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her saving in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation, or pays no income taxes during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leave her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 120 percent income tax, but doesn't seem to notice that 5 percent inflation is the economic equivalent. — Warren Buffett

Social Security Disability Plans: This segment of Social Security is different from the more common retirement benefit payout. Two programs are available: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Both programs have stringent eligibility requirements. — Michele Tagliati

If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder. — William Greider

The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people. — Andrew Mellon

Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty. — Grace Napolitano

First, if you're so good they can't ignore you, you can negotiate a premium for your services. And second, an excellent way to boost your income is to generate multiple income streams. — Laura Shin

At a rate of 3 percent inflation, the buying power of unprotected income plunges by half over a 20-year period. — Jonathan Peterson

For there to be an expense, there must be income somewhere else — Robert Kiyosaki

You can't live a positive life with a negative mind and if you have a positive outcome you have a positive income and just to have more positivity and just to kind of laugh it off. — Miley Cyrus

Middle-income countries are the biggest users of GMOs. Places like Brazil. — Bill Gates

When your outgo exceeds your income, the upshot may be your downfall. — Paul Harvey