Income Quotes - Page 16

• By the year 1982 the graduated income tax will have practically
  abolished major differences in wealth.

  Irwin Edman

  Years, Differences, Wealth

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• We were giving advice for the single-worst idea to come forward from a group that's been rife with them, it would be this: The idea is this: Let's make the tax code of America better for very rich people; let's give substantial tax relief to the richest people we can find. Forget about the person making $40,000 a year and paying Social Security payroll tax. Forget about all those other people paying income tax; we're here to give tax relief to the richest 2% of America.

  Barney Frank

  Years, Ideas, Payroll Tax

  "Estate Tax Debate". "PBS NewsHour" with Kwame Holman, www.pbs.org. June 08, 2000.

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• When you can identify a specific tax that people don't like, and this is one that was designed for the Rockefellers, for the Carnegies in 1916, to fund World War I, but now it's beginning to hit small business people, real estate holders, a lot of people well down the income scale who just spent a life building assets. Suddenly they get hit with a 40%, 50% tax rate.

  Paul Gigot

  Real, War, People

  Estate Tax Debate, www.pbs.org. June 08, 2000.

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• Medicare is paid for by the American taxpayer. Medicare belongs to you. Medicare is for seniors, who many of them are on fixed income, to lift them out of poverty.

  John F. Kerry

  Senior, Poverty, Taxpayers

  "Bush, Kerry debate domestic policies". John F. Kerry at debate with George W. Bush Arizona State University, www.cnn.com. October 14, 2004.

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• Thirty or forty proprietors, with incomes answering to between one thousand and five thousand a year, would create a much more effectual demand for the necessaries, conveniences, and luxuries of life, than a single proprietor possessing a hundred thousand a year.

  Thomas Malthus

  Years, Luxury, Demand

  Thomas Robert Malthus (1836). “Principles of political economy considered with a view to their practical application”, p.374

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• Make no mistake, the point of cutting the personal income tax and the capital gains cut is to send an unmistakable message to business leaders.

  Bill Richardson

  Mistake, Cutting, Gains

  "New Mexico cuts taxes to stimulate economy". www.upi.com. February 19, 2003.

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• Investing is important, but get debt-free first. That's what frees up your income so you can win.

  Dave Ramsey

  Winning, Debt Free, Important

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• Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.

  Joan Robinson

  Waiting, Rewards, Stockbrokers

  Joan Robinson (1973). “Collected economic papers”

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• What is it to be rich? It is to have an assured income in excess of expenditures, and to have no occasion for anxiety for the morrow. It is to be above the necessity of living from hand to mouth. It is to be able (or to have grounds to insanely suppose one's self to be able) to live outside of God's providence.

  William Batchelder Greene

  Self, Hands, Anxiety

  William Batchelder Greene (1873). “A Letter to the Rev. Henry W. Foote, Minister of King's Chapel, in Vindication of the Poorer Class of the Boston Working-women”, p.6

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• Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had established economics as a scientific discipline cut off from human interests would proliferate. Economic models ... have failed to incorporate any meaningful index of individual benefit other than the original utilitarian one, ... the index of increasing income or an increasing flow of commodities.

  John Carroll

  Meaningful, Cutting, Economic Models

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• As a technologist, I see the trends, and I see that automation inevitably is going to mean fewer and fewer jobs. And if we do not find a way to provide a basic income for people who have no work, or no meaningful work, we’re going to have social unrest that could get people killed. When we have increasing production - year after year after year - some of that needs to be reinvested in society.

  Edward Snowden

  Meaningful, Jobs, Social Unrest

  "Edward Snowden: A 'Nation' Interview". Interview with Katrina vanden Heuvel and Stephen F. Cohen, www.thenation.com. October 28, 2014.

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• By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting.

  Ilana Mercer

  Government, Voting, Unorthodox

  "Life in the Oink Sector". www.wnd.com. September 25, 2009.

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• Waste cannot be accurately told, though we are sensible how destructive it is. Economy, on the one hand, by which a certain income is made to maintain a man genteelly; and waste, on the other, by which on the same income another man lives shabbily, cannot be defined. It is a very nice thing; as one man wears his coat out much sooner than another, we cannot tell how.

  Samuel Johnson

  Nice, Men, Hands

  James Boswell, Samuel Johnson, Edmond Malone (1824). “The life of Samuel Johnson, LL. D., comprehending an account of his studies, and numerous works, in chronological order: a series of his epistolary correspondence and conversations with many eminent persons; and various original pieces of his composition, never before published; the whole exhibiting a view of literature and literary men in Great Britain, for near half a century during which he flourished”, p.254

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

  Kirk Kirkpatrick

  Smart, Pay, Return

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• Last year I had difficulty with my income tax. I tried to take my analyst off as a business deduction. The Government said it was entertainment. We compromised finally and made it a religious contribution.

  Woody Allen

  Religious, Government, Years

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• It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.

  Thomas Hobbes

  People, Economy, Produce

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• A capitalist is someone who derives a substantial share of his income from his equity in producing companies. On this scale the figures are discouraging. Approximately ninety percent of the capital of this country is owned by five or less percent of the American people.

  William F. Buckley, Jr.

  Wisdom, Country, People

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• The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.

  Herbert Hoover

  Wisdom, Party, Men

  Herbert Hoover (1938). “Addresses upon the American road”

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• If capital produces most of the economy's wealth and income is distributed on the basis of productive input, the individual can hardly reach his goal - an affluent level of income - solely by means of his labor.

  Louis O. Kelso

  Wisdom, Mean, Goal

  Louis O. Kelso, Patricia Hetter Kelso (1967). “Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals”, New York : Vintage Books

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• There's nothing wrong with having a 9-to-5 job, but figure out a way to have another stream of income.

  Michelle Singletary

  Jobs, Way, Figures

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• Two-factor economics makes it clear that our economic problem is not what one-factor (labor-centric) thinkers assert: an inequitable distribution of income. It is an inequitable distribution of productive power, from which an unworkable distribution of income results.

  Louis O. Kelso

  Wisdom, Two, Politics

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• A heavy progressive or graduated income tax.

  Karl Marx

  Wisdom, Politics, Communist Manifesto

  BookCaps, Karl Marx, Friedrich Engels (2012). “The Communist Manifesto in Plain and Simple English”, p.84, BookCaps Study Guides

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• We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.

  Margaret Thatcher

  Wisdom, Responsibility, Men

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• The rich believe that they're different and that it is their right to pay a much lower tax rate. The response that you see from people on Wall Street, their dismissal and their almost contempt for the concerns about their culpability in the financial crisis, about the income inequality, shows that they are completely out of touch.

  Robin Wells

  Wall, Believe, People

  Source: www.pbs.org

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• Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.

  Ron Paul

  Government, People, Suffering

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