Earned Income Quotes

The more the state gives to its citizens, the less they have to earn. That is the basic concept of the welfare state - you receive almost everything you need without having to earn any of it. About half of Americans now pay no federal income tax - but they receive all government benefits just as if they had paid for, i.e., earned them.

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.

We like to think that people have to work for their money.

If people work for me over the years, I expect them to be paid what they're owed, but I don't expect them to be paid more than they earn.

In the political language of today, people who want to keep what they have earned are said to be greedy, while those who wish to take their earnings from them and give it to others (who will vote for them in return) show compassion.

Tax expenditures for middle- and working-class Americans - like the earned income tax credit - aren't thought of as loopholes; they're just thought of as benefits.

Most of them benefit businesses, things like research and development tax credits. But people will also benefit, too, from things like - the earned income tax credit and the child tax credit have been made permanent. They predominantly help lower-income families.

A substantial extension of public ownership is an essential pre-requisite of greater equality of earned income

The answers to feeding hungry children is not fewer dollars to feed hungry children, it's to do more. It is to raise the minimum wage. It is to increase, not dismantle, the earned income tax credit. It is to make college more affordable for more middle class families, not more expensive. These are the things that grow our middle class.

If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.

As the wealthiest nation on Earth, we have made a commitment to provide health care for those over 65. In order to pay for this, each of us should contribute the same, flat percentage of our earned income.

Giving alms is only a virtuous deed when you give money that you yourself worked to get.

Unless they have disabilities to cope with, no family should get more from living on benefits than the average family gets from going out to work. No more open-ended chequebook.

Here we have in New York Mr. Aster with an income of millions derived from real estate, … and we have along side of him a poor man receiving $1000 a year. What is the discrimination of the law in that case? It is altogether against the poor man—Everything that he consumes we tax, and yet we are afraid to tax the income of Mr. Astor. Is there any justice to it? Why, sir, the income tax is the only one that tends to equalize the burdens between rich and poor.

There's a lot to be said for expanding the Earned Income Tax Credit.

Low-wage individuals barely get anything. I think we have to reward work, and I do think that we need to bump up the earned income tax credit to help low-wage workers.

Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.

Those who make money off of money get a better deal in the Tax Code than those who make money from hard work.

No man should receive a dollar unless that dollar has been fairly earned.

I've never been able to feel that there is anything undignified about making your living by the sweat of your brow.

No one has ever taken a serious stab at reducing fraud and cheating in Social Security, Medicare, food stamps, earned income tax credits, and so on. Trump will.

Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.

As Americans, we realize that there is no taxpayer money that wasn't first earned through the sweat and toil of one of our citizens.

I was involved in the 'reformicon' effort in 2013-2014, which was explicitly, 'We can't just Xerox Reagan.' In the spirit of Reagan, actually, we could rethink things - maybe we need to think more about job-training programs, earned income tax credit, adjust the tax code.