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.
Every good citizen should be willing to devote a brief time during some one day in the year, when necessary, to the making up of a listing of his income for taxes to contribute to his Government, not the scriptural tithe, but a small percentage of his net profits.
In real estate, many investors love triple net leases. With NNN's investors receive income without the expenses of taxes, repairs and insurance. The tenant covers these costs.
It is an inconvenience, being located in a city where taxes are ludicrously high, where you pay twice your annual income to rent an apartment that could easily be carried on a commercial airline flight.
Meeting writers is always so disappointing. I got over wanting to meet live writers quite a long time ago. There is this terrific book that has changed your life, and then you meet the author, and he has shifty eyes and funny shoes and he won't talk about anything except the injustice of the United States income tax structure toward people with fluctuating income, or how to breed Black Angus cows, or something.
Stars didn't have to worry as they were on long term contracts and were able to enjoy their vacations without worrying about tomorrow. Few had financial worries due to large incomes and little taxes.
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.
Yes, there are lots of individual exceptions. But no one has ever done a study about voting intention without ascertaining that the biggest determining factor is your income and your wealth.
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.
But look what we have built low-income projects that become worse centers of delinquency, vandalism and general social hopelessness than the slums they were supposed to replace. Cultural centers that are unable to support a good bookstore. Civic centers that are avoided by everyone but bums. Promenades that go from no place to nowhere and have no promenaders. Expressways that eviscerate great cities. This is not the rebuilding of cities. This is the sacking of cities.
I wouldn't wish the eighties on anyone, it was the time when all that was rotten bubbled to the surface. If you were not at the receiving end of this mayhem you could be unaware of it. It was possible to live through the decade preoccupied by the mortgage and the pence you saved on your income tax. It was also possible for those of us who saw what was happening to turn our eyes in a different direction; but what, in another decade, had been a trip to the clap clinic was now a trip to the mortuary.
My wife's income allowed me to do what I really loved. I realized that women's liberation is men's liberation, too.
My mother stopped working when she had my brother. She was a full time mom until I started getting heavily into ice skating lessons, and it got to the point where they really needed my mom to earn an income.
Instead of rising rapidly in the beginning and flattening out later, the earnings curves of most those who eventually become millionaires was the reverse; their income increased slowly, if at all, for many years. And then after two to three decades, it suddenly went through the roof.
True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.
Since the traditional recorded-music business models have drastically changed, there is truly diminished income derived from recorded music by artists - both current and catalog. The touring industry has become much more important as a majority revenue stream and the ancillary fan experiences and promotions that may be derived from it.
How much money you get, depends on lots of extraneous things. It depends on how good you are at turning poetry into a marketable product, which is something it was never supposed to be. That's why many people suppose that the better the poet you are the lower your income should be, and that's probably true.
I could, I think, quite easily have gone to Oxford. I got four good A levels, but my father's income was such that I wouldn't have got a grant, and he wouldn't let me go to university, and that was the end of it.
In a system where the cost of care is hidden by taxes levied on your income, property, and business activities, it is no wonder why so many Americans rely on Medicaid to pay their long term care.
If you're going to grow the economy, if people are going to have more income, you have to have stability in the marketplace.
Why is it that half of the households in America pay zero income tax? We need some real tax reform.
Did you know that they introduced the 15 percent flat tax on individual and corporate income in Iraq? Something that some politicians very much wanted to push in the United States without success but in Iraq they do it.
In income tax, there is no case for amnesty.
Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.
Once again, the Republicans in the Senate have rejected an increase in the minimum wage. They support tax breaks for multi-millionaires, but they oppose helping the working poor to earn a decent income.
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