Quotes About Income

Some feel that it is fair for those with incomes under a certain dollar amount not to pay any federal tax. They say that these people are too poor and it would be a great burden to require them to contribute to the common pot. While I appreciate their compassion, serious problems arise when a person who pays nothing has the right to vote and determine what other people are paying.

But now some people say, "Well that's not fair because it doesn't hurt the guy who made $10 billion dollars as much as the guy who made $10." Where does it say you have to hurt the guy? He's just put a billion dollars in the pot. We don't need to hurt him.

Between federal, state, local, sales, and real estate taxes, more than half of my income goes to pay taxes. Since that is the case, you might say that I work for the government. This is certainly not the kind of situation that was envisioned by the founding fathers.

personas que tienen unos ingresos fijos en términos monetarios sufrirán cuando el coste de la vida aumente

Dividend Record. One of the most persuasive tests of high quality is an uninterrupted record of dividend payments going back over many years. We think that a record of continuous dividend payments for the last 20 years or more is an important plus factor in the company's quality rating. Indeed the defensive investor might be justified in limiting his purchases to those meeting this test.

Here are some quick considerations for the intelligent investor: Is the "net pension benefit" more than 5% of the company's net income? (If so, would you still be comfortable with the company's other earnings if those pension gains went away in future years?) Is the assumed "long-term rate of return on plan assets" reasonable? (As of 2003, anything above 6.5% is implausible, while a rising rate is downright delusional.)

In the previous four quarters, Yahoo! had racked up $433 million in revenues and $34.9 million in net income. So Yahoo!'s stock was now priced at 263 times revenues and 3,264 times earnings. (Remember that a P/E ratio much above 25 made Graham grimace!)5

Hence if the investor was in a maximum tax bracket higher than 30% he would have a net saving after taxes by choosing the municipal bonds; the opposite, if his maximum tax was less than 30%.

Thus, in strict logic, all investment-grade preferred stocks should be bought by corporations, just as all tax-exempt bonds should be bought by investors who pay income tax.

No intelligent investor, no matter how starved for yield, would ever buy a stock for its dividend income alone; the company and its businesses must be solid, and its stock price must be reasonable.

Each company should have a long record of continuous dividend payments. (All the issues in the Dow Jones Industrial Average met this dividend requirement in 1971.) To be specific on this point we would suggest the requirement of continuous dividend payments beginning at least in 1950.

An offering of New Housing issues in July 1971 yielded as high as 5.8%, free from both Federal and state taxes, while an issue of (taxable) New Community debentures sold in September

Take the five stocks in the Dow Jones Industrial Average with the lowest stock prices and highest dividend yields. Discard the one with the lowest price. Put 40% of your money in the stock with the second-lowest price. Put 20% in each of the three remaining stocks. One year later, sort the Dow the same way and reset the portfolio according to steps 1 through 4. Repeat until wealthy.

makes money, for we shall need money

Taxes, as I was to learn, were the best source of wealth for men who did not want to work

We love our habits more than our income, often more than our life.

One capability every business is expected to have is the capability to make money. It requires a certain kind of discipline, a certain kind of mindset.

A safety net for the poor indeed requires some level of income redistribution.

There was a deficit between what I was earning and what my family needed to live off. I was resigned to the fact that, while I may do the odd night, I was going to have to get a proper job.

I'm really sick of the 'one percent' that is taking all the money from this country, draining the middle class, making it nonexistent.

Fashion was more of a sideline for me. I did it for the money.

I'm fortunate in having journalism as a sideline to pay the bills, and I essentially do it in order to take as long as I want with books.

My only regret is that I signed away the world rights and in America they've been far and away my most successful books, but I never saw a cent from any of it.

If we were starting from scratch, there's no question a simple retail consumption tax with protections for those with lower incomes would drive the economy the best and be the simplest to administer.