Income Return Quotes & Sayings

Many of the Abbott disciplines trace back to 1968, when it hired a remarkable financial officer named Bernard H. Semler. Semler did not see his job as a traditional financial controller or accountant. Rather, he set out to invent mechanisms that would drive cultural change. He created a whole new framework of accounting that he called Responsibility Accounting, wherein every item of cost, income, and investment would be clearly identified with a single individual responsible for that item.4 The idea, radical for the 1960s, was to create a system wherein every Abbott manager in every type of job was responsible for his or her return on investment, with the same rigor that an investor holds an entrepreneur responsible. There would be no hiding behind traditional accounting allocations, no slopping funds about to cover up ineffective management, no opportunities for finger-pointing. — James C. Collins

Just as no one is morally required to answer a robber truthfully when he asks if there are any valuables in one's house, so no one can be morally required to answer truthfully similar questions asked by the State, e.g., when filling out income tax returns. — Murray Rothbard

If we functionally define a capitalist household as one that receives at least half of the annual income it spends on consumption in the form of return on invested capital, less than 1 percent of United States households are capitalists. — Louis O. Kelso

Good customers are an asset which, when wellmanaged and served, will return a handsome lifetime income stream for the company. — Philip Kotler

If the Lord had meant us to pay income taxes, he'd have made us smart enough to prepare the return. — Kirk Kirkpatrick

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

The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale. — Arthur C. Clarke

I know everybody's income and what everybody earns,
And I carefully compare it with the income-tax returns — W.S. Gilbert

History lesson, folks: The tax system we have today - the one we've come to know and love - began ninety-four years ago as a (drum roll, please) flat tax! The monstrosity you see today is a flat tax on income after nearly a century of very imperfect evolution. At first, only a very small percentage of Americans were asked to pay income tax. In fact, that's how they sold it to us - as a tax on the rich!
Well, that all changed with World War II. The cost of the war effort led to an expansion of those who paid federal income taxes - and we were off to the races. The tax code was flattened again, if you will, in 1986. Since that time it has been amended 16,000 times. We now have more than 67,000 pages of statutes and regulations - which helps explain why, last year, nearly two-thirds of all tax filers had to seek professional help with their tax return. — Neal Boortz

And to you taxpayers out there, let me say this: Make sure you file your tax return on time! And remember that, even though income taxes can be a 'pain in the neck,' the folks at the IRS are regular people just like you, except that they can destroy your life — Dave Barry

As it turns out, people who cut their work hours often take a smaller hit financially than they expect. That is because spending less time on the job means spending less money on the things that allow us to work: transport, parking, eating out, coffee, convenience food, childcare, laundry, retail therapy. A smaller income also translates into a smaller tax bill. In one Canadian study, some workers who took a pay cut in return for shorter hours actually ended up with more money in the bank at the end of the month. — Carl Honore

If we cannot return to fiscal integrity because the public prefers profusion and prodigality over balanced budgets, we cannot escape paying the price, which is ever lower incomes and standards of living for all. — Hans F. Sennholz

The main attraction of a generous NIT is that it could resolve an impasse. As matters stand, every element of limited government now faces a blanket objection: But what about poor people? An NIT could take poverty off the table by giving every adult an income above the poverty line. Doing so is probably the single most important step in getting the nation to think seriously about restoring limited government. The left has always claimed it wanted to end material poverty. A generous NIT would do that. Is the left willing to give up the apparatus of the welfare state in return? But — Charles Murray

If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here. — Milton Friedman

A huge segment of the country has always felt overtaxed. In 1938, when taxes were roughly 17% of income, a 'Fortune' survey found that nearly half of all Americans thought they paid too much relative to what they got in return. — Nina Easton

Gold belongs only in the portfolios of fearmongers and speculators. If you own gold in your portfolio, expect to not get paid an income, pay higher taxes on your returns, take a more volatile ride than the stock market, and get a long-term return lower than bonds. — Peter Mallouk

Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life. — William Vickrey

The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. The estimated dividend income received by the Thomson family in 1995 from its 72% ownership share of the Thomson Corporation and its 22% ownership share of the Hudson's Bay Company was $310 million. — Jim Stanford

Reasonable taxes for this purpose need not hurt production much. The kind of government services then supplied in return, which among other things safeguard production itself, more than compensate for this. But the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. — Henry Hazlitt

When the rate of return on capital significantly exceeds the growth rate of the economy (as it did through much of history until the nineteenth century and as is likely to be the case again in the twenty-first century), then it logically follows that inherited wealth grows faster than output and income. People — Thomas Piketty

To be sure, the cost of managing capital and of "formal" financial intermediation (that is, the investment advice and portfolio management services provided by a bank or official financial institution or real estate agency or managing partner) is obviously taken into account and deducted from the income on capital in calculating the average rate of return (as presented here). But this is not the case with "informal" financial intermediation: every investor spends time - in some cases a lot of time - managing his own portfolio and affairs and determining which investments are likely to be the most profitable. This effort can in certain cases be compared to genuine entrepreneurial labor or to a form of business activity. — Thomas Piketty

The theory of government I was taught says that government provides benefits, primarily security, to the entire population. In return we pay taxes. But lately the government has been a distributor of special privileges, taking money from some and giving it to others. America is now about evenly split between those who pay income taxes and those who consume them. — John Stossel

When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based. — Thomas Piketty

I do wish, however, that Ms. Olson would give me some credit for the progress I've already made. In 1944, I filed my first 1040, reporting my income as a thirteen-year-old newspaper carrier. The return covered three pages. After I claimed the appropriate business deductions, such as $35 for a bicycle, my tax bill was $7. I sent my check to the Treasury and it - without comment - promptly cashed it. We lived in peace. — Warren Buffett

It was the American middle class. No one's house cost more than two or three year's salary, and I doubt the spread in annual wages (except for the osteopath) exceeded more than five thousand dollars. And other than the doctor (who made house calls), the store managers, the minister, the salesman, and the banker, everyone belonged to a union. That meant they worked a forty-hour week, had the entire weekend off (plus two to four weeks' paid vacation in the summer), comprehensive medical benefits, and job security. In return for all that, the country became the most productive in the world and in our little neighborhood it meant your furnace was always working, your kids could be dropped off at the neighbors without notice, you could run next door anytime to borrow a half-dozen eggs, and the doors to all the homes were never locked
because who would need to steal anything if they already had all that they needed? — Michael Moore

I don't like the income tax. Every time we talk about these taxes we get around to the idea of 'from each according to his capacity and to each according to his needs'. That's socialism. It's written into the Communist Manifesto. Maybe we ought to see that every person who gets a tax return receives a copy of the Communist Manifesto with it so he can see what's happening to him. — T. Coleman Andrews

An army environment is very protected, a walled city kind of environment, where everybody has the same income, you have the same birthday parties, you are given return gifts - everything is the same. Everybody is moving up at the same pace. — Nimrat Kaur

Return from existence to nonexistence. You are seeking the Lord and you belong to him. Nonexistence is a place of income; flee it not. This existence of more and less is a place of expenditure. — Rumi

The Ancient Treatise to Become Rich. 'Becoming rich needs a simple skill Save one-sixth of the income you earn Turn it into capital through your will For without capital there is no return Ensure that you create multiple sources of Income Live off the returns and your life will reach its prime Destruction of wealth comes with recognisable symptoms Protect it by doing the right things that fits the — Khun S. Kumar

When my mother makes out her income tax return every year, under occupation she writes, eroding my daughter's self-esteem. — Robin Roberts

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