Quotes about Income

Many persons, as they begin to prosper, immediately expand their ideas and commence expending for luxuries, until in a short time their expenses swallow up their income, and they become ruined in their ridiculous attempts to keep up appearances, and make a "sensation.

An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

It is wonderful to think how men of very large estates not only spend their yearly income, but are often actually in want of money. It is clear, they have not value for what they spend.

The actual capital value of your brains may be determined by the amount of income you can produce (by marketing your services). A fair estimate of the capital value of your services maybe made by multiplying your annual income by sixteen and two-thirds, as it is reasonable to estimate that your annual income represents six percent of your capital value. Money rents for 6% per annum.

If you have the IMAGINATION, and seek a more profitable outlet for your personal services, this suggestion may be the stimulus for which you have been searching. The IDEA is capable of yielding an income far greater than that of the average doctor, lawyer, or engineer whose education required several years in college.

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.

In time of this grave national danger, when all excess income should go to win the war, no American citizen ought to have a net income, after he has paid his taxes, of more than $25,000 a year.

I know nothing more important to inculcate into the minds of young people than the wisdom, the honor, and the blessed comfort of living within their income.

When ideas hang out with influence, income will always emerge.

You can make a lot of money from a book, but that is done by using a book as a marketing tool.

I pay tax, and I pay federal tax, too. But I have a write-off, a lot of it's depreciation, which is a wonderful charge. I love depreciation.

If people want capital gains taxed more like the highest rate on income, that's a good discussion. Maybe that's the way to help close the deficit.