Income inequality has gotten worse under President Barack Obama.
If one person is spending all of their income on clothes, travel, hobbies, and entertaining, and one person is saving it, that may not be quite fair if and when you guys split up, depending on what the law is and what you decided to do.
Just saying ‘I want this and I want that’ doesn’t do it. My boys share and share alike in the income that the organization brings in, so that teaches them the lesson: If you work, you can earn some money. That’s how life is; it’s the American way.
The untold secret driving the obstruction to Obama’s economic equality agenda is this: The opposition isn’t really battling Big Government. The opposition is protecting an economic system that’s putting more and more of the earned income out of reach for those aspiring to better themselves.
If there is anyone dependent on your income – parents, children, relatives – you need life insurance.
Here’s the question for my fellow Republicans: Do we want to be the first-ever GOP House majority to raise federal marginal income tax rates?
Every time a woman leaves the workforce because she can’t find or afford childcare, or she can’t work out a flexible arrangement with her boss, or she has no paid maternity leave, her family’s income falls down a notch. Simultaneously, national productivity numbers decline.
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we’re prepared to make a commitment today to bring down our future deficits.
Women now have to put so much attention into their careers, and not many families can pull off a single income.
It is business that generates the jobs, income and taxes that keep a country going.
I was the kind of poor where I knew right away I had less than everyone around me. Our environment, our physical space reflected our income.
On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.
People don’t think music to be a reliable source of income or career, which I will agree, in a way, because Bollywood is a very risky place to be in.
The average mutual fund holding period for equity or fixed income is only about three years. It’s too short.
We must ensure the economy really works for all, to address unconscionable wealth and income disparities that allow access to opportunity for some over others.
No state income tax, no snow, lots of golf courses, and ready-made gated communities make Florida an irresistible place for seniors – the ones who have the income level – to retire.
I never stopped making pictures. There were times when more of my income was coming from other sources, and I had to devote more time to television and movies and records.
It takes as much imagination to create debt as to create income.
If you’re graduating from high school, and you come from a lower income family, you’re effectively given two options. One is get a four-year college degree; two is work at a low-wage job, potentially for the rest of your life. We’ve got to do better on that front. We have to provide more options.
We should get to the business of providing at least one million opportunities each year for young Americans to spend a service year with peers who are different from them – by race, ethnicity, income, politics and religious belief.
Eventually I want to subsidize my income with other creative outlets that are going to not keep me tied to the road so much.
When I became governor, spending actually increased 28 percent my first term. Revenue increased 42 percent my first term without raising anybody’s taxes. We did it because we had more taxpayers with more taxable income. That’s how you get the revenue up. We did that without raising anybody’s taxes.
We are fighting a Labour Party whose avowed enemy is capitalist bosses, whose instinct is to see income as a common pool resource, and whose leading figures find profit morally repugnant.
I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They’re consuming real estate, not investing in it.
Much as I disliked the un-American idea of marrying a lady with a dowry, I must admit that little Mrs. Godfrey’s little private income put everything in a faintly different light.
Ever since I retired from competitive bodybuilding, one of my dreams has been to offer an affordable way for independent gym owners to make a comfortable income and empower them to help the sick and diseased at the same time.
We only want autonomous collaborators that are incentivized to make or break their own income.
Anybody who is familiar with the historical data from the IRS knows that raising income tax rates will likely actually reduce federal revenues.
I left Edinburgh to follow the London punk scene in 1978, singing and playing guitar in various bands. My income was sporadic, so I did anything to eke out some kind of subsistence – laying down slabs, working as a kitchen porter.
If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.
The truth is that relative income is not directly related to happiness. Nonpartisan social-survey data clearly show that the big driver of happiness is earned success: a person’s belief that he has created value in his life or the life of others.
When you compare individuals, rather than countries, you find that education improves both income and the quality of life.
There are many families that want to raise kids on one income, or one income and some part-time work, and instead find themselves pressured, financially and culturally, to keep up with the dual-earning Smith-Joneses next door.
There are thousands and thousands of free programs available for people of any income level.
Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
What I favor is that we have health care access to people that is not income based. We have to have health care that is acceptable and it’s going to come in a number of forms.
I’m still one who says that we can get rid of the Internal Revenue Service if we would pass the fair tax, which is a tax on consumption rather than a tax on people’s income, and move power back where the founders believed it should have been all along.
I know that I pay 48 percent of my income to taxes. You know, I wouldn’t mind so much if it wasn’t going just to export war. If it was actually going to help the people of the United States, I would gladly pay more.
In my work as an actress and an activist, I’ve spent many years working with low income communities and people of color who don’t always have a voice in our political process.
Barack Obama’s enemies are the people who make this country work. Barack Obama’s enemies are those who succeed. Those are the people whose income he wants to redistribute. Those are the people whose income he wants to take, using the power and the force of the federal government to do it.
You have to remember: what are incomes to banks are outgoes to families.
Expenditures rise to meet income.
While tax refunds amount to substantial income for many Americans, current IRS rules do not allow taxpayers to directly deposit their refund into more than one account.
When women earn the money for the family, everyone in the family benefits. We also know that when women have an income, everyone wins because women dedicate 90% of the income to health, education, to food security, to the children, to the family, or to the community, so when women have an income, everybody wins.
The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.
You need a very good financial person to keep you honest, and to keep track of income and outgo.
If you want to leave move money in the hands of poor people, you cannot do it through personal income tax cuts. You have to just give them money.
We know that if you educate a girl, as the saying goes, you educate a nation. That girl will get married later, she will have fewer children, she’s more likely to earn an income, and that income is more likely to be plowed back into the family so that the family benefits.
In the past 40 years, the United States lost more than a million farmers and ranchers. Many of our farmers are aging. Today, only nine percent of family farm income comes from farming, and more and more of our farmers are looking elsewhere for their primary source of income.
When America installs a minimum income, it’s going to be doing it in a very different historical context than Switzerland or Sweden or Germany, or any other country might do it. And we’re doing it in a context where it has the potential, I think, for much better consequences than in those other countries.
Social Security, for example – I’m 43. I’ve paid into the system. You know what? That money has been stolen from me. I know that my parents who are on Social Security – they’ve got to continue to receive it. They’re dependent on it. It is their primary source of income.
