Quotes About Finance

The big gorilla of homeowner tax breaks is the deduction for mortgage interest, which reduces income tax revenues by about $100 billion each year. That is, this one tax deduction costs more than the budgets of the departments of Agriculture, Commerce, Energy, the Interior, and the Treasury combined.

Only the richest smidgen of the population had to file a return, and even for them the top tax rate was just 7%.

anybody buying a qualified plug-in electric car—the list of approved vehicles includes sleek, sporty cars like the $105,000 Tesla Model S P85D and the $138,000 BMW i8—can subtract up to $7,500 from the income tax he or she owes Uncle Sam.

In the 1960s, the corporate tax brought in about 33% of U.S. tax revenues. Today, the same tax provides less than 9% of revenues; that means individual taxpayers have to take up the slack and pay more.

The income tax burden, he says, should fall more heavily on those who make their money on financial dealing; he says the U.S. system, in which the tax on capital gains is much lower than the tax on wages and salaries, is simply upside-down and thus counterproductive for dealing with the growth of inequality.

It's classic: Congress decides to reduce the complexity of our tax code by making it even more complex.

By the mid-1980s, the tax code allowed depletion or depreciation allowances that cut taxes for cement companies, Christmas tree farms, apple orchards, gravel pits, railroad cars, rubber importers, cattle growers, and many, many more. There was even a depreciation allowance for human beings; professional sports teams were allowed to write off their players as "depreciable assets" as they slowed down with age.

What had been the Internal Revenue Code of 1954 became the Internal Revenue Code of 1986, which it still is today.

the number one most serious problem facing American taxpayers. That problem is the complexity of the tax code.

The shortest route to top quartile performance is to be in the bottom quartile of expenses. —Jack Bogle

Here is the crux of the strategy: Instead of hiring an expert, or spending a lot of time trying to decide which stocks or actively managed funds are likely to be top performers, just invest in index funds and forget about it!

There is a crucially important difference about playing the game of investing compared to virtually any other activity. Most of us have no chance of being as good as the average in any pursuit where others practice and hone skills for many, many hours. But we can be as good as the average investor in the stock market with no practice at all. Jeremy Siegel, Professor of Finance, Wharton School, University of Pennsylvania, and author of Stocks for the Long Run

Wall Street wants you to believe they are there to make money for you, but their true purpose is to make money from you.

The rule is simple: Place your most tax-inefficient funds into your tax-deferred accounts, then put what's left into your taxable account.

Let's assume a child is born today. For the next 65 years, she or her parents will deposit a certain amount into a stock mutual fund that pays an average annual return of 10 percent. How much do you think they need to deposit each day in order for her to have $1 million at age 65? Five dollars? Ten Dollars? In fact, a daily deposit of only 54 cents compounds to more than $1 million in 65 years. It really helps to start early.

Obviously, at a minimum, you have to check your portfolio as frequently as you've decided to rebalance.

Vanguard Total Stock Market Index.

We all know how the size of sums of money appears to vary in a remarkable way according as they are being paid in or paid out.

Spurs became the first football club to have a listing on the Stock Exchange. The flotation, which raised £3.8 million, was over-subscribed by three-and-a-half times.

You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.

I'm an introspective guy when there's money in it.

There doesn't seem to be a relationship between budget and comedy. In fact, it might be inverse.

With every new corporate inversion, the tax burden increases on the rest of us to pay what these corporations don't.

That's why I be so careful with my money and always try to invest. I see people who have it all and then lose it.