Quotes About Income

The money most people save is after-tax money." For a person to save $10, the real dollar amount earned was $20 because it is ordinary income or 50-percent money. On top of that, the interest that you earn on your savings is also subject to higher taxes.

Workers work hard enough to not be red, and owners pay just enough so that workers won't quit.

Today the biggest losers are the poor and middle class, the people who work for money and save money.

Riqueza libre de impuestos.

Why not buy a property that makes you money every month and get a tax break every month.

A corporation is merely a legal document that creates a legal body without a soul. Using it, the wealth of the rich was once again protected. It was popular because the income-tax rate of a corporation is less than the individual income-tax rates. In addition, certain expenses could be paid by a corporation with pre-tax dollars.

For example, if you have a million dollars in savings, earning $20,000 from 2-percent taxable interest rate, and you earn more than $65,000 as a single person or $110,000 as a couple a year, that $20,000 will be taxed at approximately 30 percent, leaving you an effective return from your million dollars of about $14,000. That equates to an effective return of 1.4 percent before inflation.

As soon as the owner moved, my friend put the house up for rent. After all expenses were paid, including the mortgage, he put about $125 in his pocket each month.

The rich don't work for money." As long as a person works for money, they will pay taxes.

If a young couple would put more money into their asset column early on, their later years would be easier. Their assets would have grown and would be available to help cover expenses. All too often, a house only serves as a vehicle for incurring a home-equity loan to pay for mounting expenses.

Es sólo que yo me pago primero a mí mismo. Incluso antes de pagarle al gobierno.

Passive income, in most cases, is income derived from real estate investments. Portfolio income is income derived from paper assets such as stocks and bonds. Portfolio income is the income that makes Bill Gates the richest man in the world, not earned income.

Es sólo que yo me pago primero a mí mismo. Incluso antes de pagarle al gobierno. Mi columna de activos es más importante que el gobierno.

Taxes are highest on earned income. The least-taxed income is passive income.

When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

but for most Americans, their highest tax is Social Security.

An asset is something that puts money in my pocket whether I work or not. A liability is something that takes money out of my pocket.

Why the Middle Class Struggle The middle class finds itself in a constant state of financial struggle. Their primary income is through their salary. As their wages increase, so do their taxes. Their expenses tend to increase in proportion to their salary increase: hence, the phrase "the Rat Race." They treat their home as their primary asset, instead of investing in income-producing assets.

The number-one expense for most people is taxes. Many people think it's income tax, but for most Americans, their highest tax is Social Security. As an employee, it appears as if the Social Security tax combined with the Medicare tax rate is roughly 7.5 percent, but it's really 15 percent since the employer must match the Social Security amount. In essence, it is money the employer can't pay you.

As an employee, it appears as if the Social Security tax combined with the Medicare tax rate is roughly 7.5 percent, but it's really 15 percent since the employer must match the Social Security amount.

The rich know that savings are only used to create more money, not to pay bills.

wealth measures how much money your money is making and, therefore, your financial survivability.

you should understand the difference between an asset and a liability. When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.

What kind of income do I want for my tomorrows?