In fact, entitlement spending on programs such as Medicare, Medicaid, and Social Security make up 54% of federal spending, and spending is projected to double within the next decade. Medicare is growing by 9% annually, and Medicaid by 8% annually.
I try to figure my adjusted gross income, but no matter how I figure it, it's still gross.
Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes.
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?
The first thing I have done for the Tejas is that their capacity to annually produce eight aircraft has now been increased to 16. I have doubled it. For which we have given enough support, we have told them that if they need additional space for testing and trials, we are willing to give it.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
If I want to average 32 points a game, I can do that easily. It's just eight, eight, eight, eight. No problem. I can do that anytime. That's not being cocky. That's confidence.
Finally, we will have at our disposal additional revenues from unleashing American energy. The Institute for Energy Research cites a short run figure of as much as $36 billion annually from increased energy production, tremendous amounts of money.
There's just one thing I can't figure out. My income tax!
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.
From when I was 18 I had an eight-album plan and I think I would love to make eight albums.
Work eight hours and sleep eight hours, and make sure that they are not the same eight hours.
It's a shame that the only thing a man can do for eight hours a day is work. He can't eat for eight hours; he can't drink for eight hours; he can't make love for eight hours. The only thing a man can do for eight hours is work.
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.
The collective income of all these people - the bottom half - is less than three percent of global household income, and so there is a grotesque maldistribution of income and wealth.
We've got some great big problems in our world. We have to figure out how to feed 10 billion people. Too many people can't access clean water, quality healthcare, and reasonable education. We have to figure out what to do about climate change, income inequality, and more. Innovators need to rise to the challenge!