Quotes About High-income

The rationale for eliminating the alternative minimum tax is that such a backup system should not be necessary if the tax code is fundamentally fair and eliminates all the loopholes that made it possible for high-income taxpayers to escape taxation in the first place.

The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.

President Clinton at one point proposed raising taxes on the rich although it did not appear that it would increase the tax revenues received from them. A substantial proportion of the public said they favored higher taxes on high-income earners even if that did not increase the total taxes such people paid. The effect would not be to help anyone else but merely to pull down the better off.

I can't imagine an argument that says that raising marginal tax rates on high income people, many of whom are business owners, is a recipe for economic growth.

If you're a high-income earner from California or New York with a 50% federal and state ordinary income tax, you're left with closer to 3% on your investment after all these fees and taxes.

How about REITs? David told me he likes "real estate investment trusts that own big central business district office buildings and big regional malls and industrial buildings. They generally throw off a high-income component.

In the high-income English-speaking world, the elderly get treated very well indeed.

Despite their current rhetoric of 'free trade', when it comes to trade negotiations almost all of today's high-income countries—including the UK and the United States—took the opposite route to ensure their own industrial success, opting for tariff protection, industrial subsidies and state-owned enterprises when it was nationally advantageous. And today they still keep tight control over their key traded assets such as intellectual property.

Meanwhile the sluggish GDP growth of recent decades in many high-income countries has infamously been accompanied by widening income inequalities. At the same time, all of these countries' global ecological footprints already far exceed Earth's capacity:

Meanwhile the sluggish GDP growth of recent decades in many high-income countries has infamously been accompanied by widening income inequalities. At the same time, all of these countries' global ecological footprints already far exceed Earth's capacity: it would take four planets for everyone in the world to live as they do in Sweden, Canada and the United States, and five planets for all to live like an Australian or Kuwaiti.

Most millionaires measure their success by their net worth, not by their realized income. For the purposes of wealth building, income doesn't matter that much. Once you're in a high-income bracket, say $100,000 or $200,000 or more, it matters less how much more you make than what you do with what you already have.

Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.