Kids who live in low income areas face extra challenges and show up at schools that were not designed to meet their extra needs.
Wealth – any income that is at least one hundred dollars more a year than the income of one’s wife’s sister’s husband.
We don’t have a divine right to success. So I agree with a lot of politicians out there when they say, ‘We’ve got serious issues.’ We do: immigration, infrastructure. I think income inequality’s one of them.
The story of Detroit’s bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.
At some point, extra incomes don’t go to sate desires but to attempt to buy status through ‘positional goods’ – like the hottest car on the block. The problem is that there can only be one hottest car on the block.
Turning back the inequality revolution may be difficult. But that would certainly help more families – at almost all income levels – than turning back the gender revolution.
If you’re going to have a free economy, one in which the ordinary citizen can dispose of his own income, you’re going to have people who dispose of it in an anti-social way.
There is a strong need for constructing low income houses in the province, for which the Punjab government has planned a programme of providing houses to low income strata.
At Year Up, our students – low income 18-24 year olds – come to us having already faced substantial obstacles in life. They are not in search of a handout; what they want most of all is the ability to take ownership of their own futures.
As far as income tax payments go, sources vary in their accounts, but a range of studies find that immigrants pay between $90 billion and $140 billion in Federal, State, and local taxes.
Losses from partnerships and limited-liability companies, the entities through which the Trumps report much of their income, do not have to be added back as part of the A.M.T. calculation.
I don’t believe, the president doesn’t believe, that the high income tax cuts work, period. I don’t think the evidence supports that.
I don’t think most people understand that when I wasn’t running for president, I was working. Because I have to earn income. I have three kids in college. And three in school. And I have a little girl that has a lot of special needs. So I’ve got to work for a living. I was working already.
The Princeton economist Alan Krueger has demonstrated that societies with higher levels of income inequality are societies with lower levels of social mobility.
As a kid in the eighties, I didn’t need much disposable income. I went to Catholic school – white shirt, plaid skirt – so fashion choices were limited. But youth finds a way. For me and my schoolmates, neon argyle socks were a crucial barometer of coolness. Hair ribbons, too, and they didn’t come cheap.
Income inequality is worse in towns run by Democrat mayors than in towns run by Republican mayors.
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
A tax is something people pay out of income.
A single woman with a very narrow income must be a ridiculous, disagreeable old maid – the proper sport of boys and girls; but a single woman of good fortune is always respectable, and may be as sensible and pleasant as anybody else.
In many ways, Scotland will benefit more than other parts of the UK when Universal Credit comes in. A larger percentage of people will see an increase in their income through moving into work or taking on more hours.
The minimum wage in Denmark is about twice that of the United States, and people who are totally out of the labor market or unable to care for themselves have a basic income guarantee of about $100 per day.
I was so dedicated to generating income to keep my family housed and clothed and schooled. That mattered to me. And playing good golf mattered to me. The rest of the things, like how my record stacked up against others, never made that much difference.
The rubber industry is of much significance to our countries. For millions of our smallholders, the rubber tree is a tree of life, serving as a crucial source of income for earning a living and raising families.
Remember: If the IRS suspects you haven’t reported income, it can challenge returns from the past six years. So if you are self-employed or have multiple income sources, hold on to six years of files to be absolutely safe.
Among seniors, Social Security is the sole source of income for 26 percent of nonmarried women.
Americans, in general, are ignorant, bigoted, and deeply unhappy with their declining incomes.
I’m one of many who have seen their parents and their friends lose their jobs, lose their income, lose their livelihood because of the European Union.
If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That’s already gone far enough. We shouldn’t let it become more extreme.
I got five kids – I claim three for income tax purposes.
Since Bush has been in office, African-American women have fallen behind in terms of income and wages.
Most elderly are retirees with relatively low incomes. But some may possess assets, and they will be classified as poor. As such, the elderly poverty rate could be overstated.
American businesses and upper incomes pay a larger portion of the federal taxes of our national taxes than any country in the world.
The biggest revenue target is the preferential rate for long-term capital gains, which raises a perennial question: Why should capital income be taxed at a much lower rate than ordinary income? Capital assets are owned overwhelmingly by the rich.
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
In 2009, the ‘New York Times’ ran an analysis on the cost of being a LGBT couple trying to live as a married couple but without the same protections. Over a lifetime, they estimated a couple would spend as much as $467,562 more, and as little as $41,196, with costs running lower the higher your income.
People like me, whose income largely comes from dividends, should pay more taxes. The problem is that taxes aren’t used efficiently.
I’m a capitalist, and I believe that universal basic income is necessary for capitalism to continue.
The less money you owe, the less income you’ll need and the less you’ll have to save for tomorrow.
We need to ban outside income for elected officials. Transparency alone is not enough; it doesn’t solve the problem of creating outside dependencies.
No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised, whether it’s their capital gains tax, their income tax, investment tax, any tax.
Income splitting is not a wise investment for Canadians.
If the World Bank does not alter its shareholding structure to reflect the shifts in global distribution of income and economic power, its role may get marginalised as regional institutions fill the vacuum.
It is true that globalization has fueled greater income inequality. But much of this increase should be welcomed, not condemned. There is nothing inherently bad about inequality. Whether it is bad depends on how it comes about and what it does.
For every day the government is shut down, it should be that we don’t have to pay income tax that day because they’re not working.
Ford’s federal income tax rate was just 2.3 percent in 2009 even though it made $3 billion in profits.
Tins with ringpulls tend to belong to those with slightly more disposable income; look at the Basics and Value ranges next time you are in the supermarket and you will see that they require a tin opener to get into them.
We need smarter, 21st-century budget guardrails that would gradually trim the size of Washington in order to spur private investment, create jobs, and boost the income of hard-working Americans on Main Street.
Obamacare imposed an unprecedented level of regulation and standardization on individual-market health insurance all across America. This has left many consumers in an intolerable predicament – in some cases, having to spend up to a third or even half of their income on premiums and deductibles before insurance kicks in.
I think that Governor Romney operates on the capital gains tax, his investments, what he lives off of instead of doing it off of his income.
The premium tax credit that is in the Obama plan is exactly that – it is a tax credit, and it isn’t cash. It is a discount on the amount that you pay for an individual policy based on your family size and your income.
Income inequity has to be addressed.
My total year’s income from working as hard as I possibly could from writing went from like $30 one year to about $70 the next year. And it made me realize that maybe you couldn’t really pay the rent that way.
