It's good to give seniors more choices and more options, let them choose a plan that's best for them and target assistance to the lowest income people.
Yet, individuals and corporations in Puerto Rico pay no federal income tax.
Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.
There is nothing more demoralizing than a small but adequate income.
Income tax returns are the most imaginative fiction being written today.
The rate of interest acts as a link between income-value and capital-value.
There are few sorrows, however poignant, in which a good income is of no avail.
After the break up of the municipality and the loss of his income my father lost health and spirits.
When there is an income tax, the just man will pay more and the unjust less on the same amount of income.
Social Security makes up a much larger share of total retirement income for unmarried women and minorities than it does for married couples, unmarried men and whites.
I started on an Apple II, which I had bought at the very end of 1978 for half of my annual income. I made $4,500 a year, and I spent half of it on the computer.
According to our Christian ethics, we're supposed to love God, love each other and help take care of the poor. It is immoral to charge somebody making $5,000 an income tax.
Head Start is designed to ensure that all children - regardless of their family's income, race, or ethnic background - are able to enter kindergarten ready to learn.
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
Call me communist, but I think that's something that everyone, regardless of their family's income, has a right to, and I was fortunate enough to have a mother who felt that way as well.
Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.
Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.
Too much of the income gains go to too few people, even though all of the stakeholders worked together to make their companies successful. By failing to put enough income into more hands, the GDP grows slower and consumers manage to meet their needs by incurring high levels of debt.
I would favor three policies: raising the minimum wage to $12, closing the tax loophole where persons only pay a 15% income tax on long term capital gains (tax it at the full tax rate), and institute a progressive tax moving the highest tax rate from 39.6% to 45%. I would favor implementing these three policies in that order, starting with raising the minimum wage, but not stopping there.
The CEO announces that the purpose of the firm is to improve the lives of the customers and the lives of the firm's stakeholders and the quality of the planet. The company will give fair compensation to all the stakeholders and the CEO will not earn more than 20 times the median income of his employees. He will want his employees to rate him, just as he also has to rate them.
People are more comfortable with the familiar. It takes selling a big dream that comes with excellent income possibility to get someone to leave his or her comfort zone.
I make a lot of pots in a year's time and some of them are good and some of them are mediocre and some of them are bad. If they're really bad and I'd be ashamed of them, I throw them out, but if they're mediocre and they'll serve the purpose for which they're designed, that is, a mixing bowl or a soup bowl or a plate or whatever, I sell them. And this income from the sale of these pots permits me to go on and make other pots. It's even more important now that I've quit teaching, because I do not have a teacher's salary to fall back on.
I'd been a psychiatric social worker for 17 years, but within 24 hours after I started the case against studying reading Bible in school by my son, I was fired from my job as a supervisor in the city public welfare department. And I was unable to find another one. So my income was completely cut off.
All decent people live beyond their incomes; those who aren't respectable live beyond other people's; a few gifted individuals manage to do both.
The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.
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