A Quote by Paul Ryan
Here`s the problem with the tax code. You send your money to Washington and then a few have a special carve out for your business, for your industry, if you do something Washington approves of, then they`ll let you keep some of your money back.
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This is his solution: He said all we need to do is take your tax dollars, send them to Washington, have Washington take out its cut, having Washington then send it back to the states, have the states then go out and hire public employees. Does that make sense to you? Is that how to get the economy moving?
You can go raise the money outside of the industry, and then what you're doing is fighting with your money to get back into the industry, or for them to use your money instead of their own. So, you got to figure out how to do it within the flow of the industry.
Senior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.
Keep your money in the first place. Let`s make our companies competitive and let`s make good business decisions dominate their decision making, not what`s good for Washington carve outs.
Your generosity is reflected in what you do with your own money, not in what you do with other people's money. If I give a lot of money to charity, then I am generous. If you give a smaller fraction of your money to charity, then you are less generous. But if you want to tax me in order to give my money to charity, that does not make you generous.
You want to keep more of the money you earn? I'm afraid that's very selfish. We shall want to tax that away. You want to own shares in your firm? We can't have that. The state has to own your firm. You want to choose where to send your children to school? That's very divisive. You'll send your child where we tell you.
The idea of money being something physical is almost entirely a fiction. Sure, you can go to your ATM and pull out cash. And you can feel cash in your back pocket and have some tangible comfort there - but in reality, the majority of your money is a number on a screen.
If you can clean up the cesspool of the tax code and give us a pro-growth tax code, that is how you grow the economy. That`s how you take power and money out of Washington and give it back to the people and we are so excited. We have a president [Donald Trump] that is here to work with us in doing that.
I put my own money up when I have a vision and believe in something. If you want a company to put money into something, then most of the time, they want to water your project down. When it's your money, it's your vision from the beginning to the end result.
Keep in mind that you don't need to be addicted to money in order to acquire it. You can prefer to have money; you will then be able to enjoy whatever money you receive, but your happiness will not be contingent on the size of your bank account.
Sending money to Washington to have it administered and sent back is like getting a blood transfusion from your right arm to your left arm with a leaky valve.
Money comes and goes. I'm thankful I have money. I'm trying to save up more. I would like more money. But it's not happiness. If you're a millionaire and hate your family, hate your friends and your life, then what is the point? You're just a person with a lot of money and power who is not happy.
A lot of people want to start a business, and they're like, 'I wanna start a business, give me some money to invest.' Where is your business plan? Are you investing money yourself into your own business? How is this going to work? People think that they can just come to you with an idea and have money.
You have phantom income each year. No money is being put in your pocket, but you have to take some money out of your pocket to pay Uncle Sam because the tax is paid based on accretion.
Fill your bowl to the brim and it will spill. Keep sharpening your knife and it will blunt. Chase after money and security and your heart will never unclench. Care about people's approval and you will be their prisoner. Do your work, then step back. The only path to serenity.
Good money management alone isn't going to increase your edge at all. If your system isn't any good, you're still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.
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