Quotes About Income

But the actual arguments advocated by Secretary Mellon had nothing to do with a "trickle-down theory." Mellon pointed out that, under the high income tax rates at the end of the Woodrow Wilson administration in 1921, vast sums of money had been put into tax shelters such as tax-exempt municipal bonds, instead of being invested in the private economy, where this money would create more output, incomes and jobs.[8

Under these escalating wartime income tax rates, the number of people reporting taxable incomes of more than $300,000— a huge sum in the money of that era— declined from well over a thousand in 1916 to fewer than three hundred in 1921. The total amount of taxable income earned by people making over $300,000 declined by more than four-fifths during those years.[11

In other words, it is the amount of money that colleges and universities can get—from tuition, endowment income, donations, etc.—which determines how much their spending or costs will go up, not the other way around, as they represent it to the public. To say that costs are going up is no more than to say that the additional intake is being spent, rather than hoarded. When

To say that merit may be the same is not to say that productivity is the same. Nor can we logically or morally ignore the discrepancy in the relative urgency of those who want their shoes repaired versus those in need of brain surgery. In other words, it is not a question of simply weighing the interest of one income recipient versus the interest of another income recipient, while ignoring the vastly larger number of other people whose well-being depends on what these individuals produce. If

Bajo un sistema de precios, la gente se raciona a sí misma. El racionamiento de recursos a través de los precios limita la cantidad que cada individuo puede tomar de la producción de otros a la productividad que cada individuo ha creado por sí mismo para otros, y que por lo tanto se ha ganado en calidad de ingreso. Los controles de precios, subvenciones y otros sustitutos a la asignación de precios, reducen los incentivos para el autorracionamiento.

You boast of spending a tenth part of your income in charity; may be you should spend the nine tenths so, and done with it.

These experiments tend to find that the benefits of receiving a small loan are quite modest, and temporary. Applying the same rigorous test to other approaches—for example, giving microentrepreneurs small cash payments along with advice from a mentor—finds that the cash-and-mentor scheme is more likely to boost the income from these tiny businesses than providing loans would.14

Take this quiz. Would you rather earn $100,000 in an office where everyone gets paid $100,000, or $80,000 in an office where everyone earns $60,000? Most people choose the latter, preferring an advantage over their peers.

The great management guru Charles Handy says that, as far as money goes, you have to look after yourself. He reckons you may need to do something else as well as your "passion project" to earn money, particularly in the early stages of a new business

Make no mistake, the privatization of prisons is less about unburdening taxpayers than it is about providing bankrupt communities with sources of income and especially about providing corporations with a captured population available for unpaid labor.

The welfare states of continental Europe—what the French call the Etat providence, or providential state—followed yet a third model. Here, the emphasis was primarily on protecting the employed citizen against the ravages of the market economy. It should be noted that 'employed' here is no casual adjective. In France, Italy and West Germany it was the maintenance of jobs and incomes in the face of economic misfortune that preoccupied the welfare state.

life closely track your income: residents of wealthy districts can expect to live longer and better.

high taxation was not regarded in these years as an affront. On the contrary, steep rates of progressive income tax were seen as a consensual device to take excess resources away from the privileged

The more equal a society, the greater the trust. And it is not just a question of income: where people have similar lives and similar prospects, it is likely that what we might call their 'moral outlook' is also shared.

A well paid garbage man smells of success.

In terms of per capita income, the bottom half in America is better off. However, in terms of social progress, the average income of the bottom half of the Chinese people is rising much faster, albeit from a lower starting point.

Most Americans are unaware that the average income of the bottom 50 percent of their population has declined over a thirty-year period.

The most progressive tax years in US history were 1944 and 1945, with a 94% rate applied to any income above $200,000 (the equivalent in 2009 of $2.4 million). Such top rates, often denounced as confiscatory by those who had to pay them, would not drop below 80% for another 20 years. At the end of World War II, many other countries adopted similar and often extreme tax measures. In the UK during the war, the top income tax rate rose to an extraordinarily stunning 99.25%!

was zero in 1914; a year after the end of World War I, it was 50%. Canada introduced income tax in 1917 as a "temporary" measure to finance the war, and then expanded it dramatically during World War II with a flat 20% surtax imposed on all income tax payable by persons other than corporations and the

this midlevel cultural-capital audience is not as far from the average white pop critic as we might have expected. We usually make middling incomes or worse, and while most have university degrees, our expertise is usually more self-taught than PhD-certified, a pattern believed would produce an anxious, fact-hoarding intellectual style in contrast with the relaxed mastery of a fully legitimated cultural elite.

The states of the Deep South, which fought Brown tooth and nail, today all fall in the bottom quartile of state rankings for educational attainment, per capita income, and quality of health.139

The real solution is to improve the incomes of the poor and provide their children with decent education.

There was no description of the years in town, of supplementing farm income with wages, or of the anxiety engendered by poverty.

Disability insurance provides a portion of your income if you can't work because of an illness or non-job-related injury. To me, being over 50 doesn't lessen the need for it. On the contrary, it may increase it. Many people in their fifties are in their peak earning years and building their retirement nest egg. An extended disability at this time of life could completely derail their financial future.