A Quote by Warren Buffett
If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
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If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich. If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball. [...] And everybody thinks they're going to leave at two minutes to 12.
Donald Trump has broken his first promise [to release taxes]. Second he stood on this stage last week and when Hillary said you haven't been paying taxes, he said, that makes me smart. So it's smart not to pay for our military. It's smart not to pay for veterans, it's smart not to pay for teachers and I guess all of us who do pay for those things I guess we're stupid.
I spent money, and I kept thinking, 'I get one more movie and I'll wipe these bills out,' but that movie never came. That black pride, I said, 'Man, I'm going to hang in there, I'm going to pay these bills.' So you owe a million dollars. 'I can pay that.' OK, fines, fees, now you owe two and a half million. 'But I didn't do nothin'!'
Eventually we have to "settle up" and pay the price for our ethical violations. Just remember the old line that says, "You can pay me now . . . or you can pay me later." Often you can buy some time, but when you "pay later" you'll probably have to pay more.
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.
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.
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
Here lies a she sun, and a he moon there; She gives the best light to his sphere; Or each is both, and all, and so They unto one another nothing owe; And yet they do, but are So just and rich in that coin which they pay, That neither would, nor needs forbear, nor stay; Neither desires to be spared nor to spare. They quickly pay their debt, and then Take no acquittances, but pay again; They pay, they give, they lend, and so let fall No such occasion to be liberal. More truth, more courage in these two do shine, Than all thy turtles have and sparrows, Valentine.
I think money is pretty straightforward. Get some money in; pay off what you owe, the rest is yours.
The Universe operates on a basic principle of economics: everything has its
cost. We pay to create our future, we pay for the mistakes of the past. We
pay for every change we make . . . and we pay just as dearly if we refuse to
change.
Basic US economics tells us that back-of-the-house workers are very unlikely to get more pay overall. The fact that workers are in those jobs means employers are already paying them what they need to pay them to get them in the current environment. If employers do share some tips with them, it will likely be offset by a reduction in their base pay.
We owe something to the government to grow up in this great country. I'm tired of hearing people in the private sector talk like they don't owe the government anything. We do. This is a great country because we all pay into it. It's about time we all pay into it. ... If we paid the same amount of taxes we paid when Bill Clinton was president, I would be a happy guy, and the budget would be closer to balanced. You cannot give away money, whether you give it to rich or poor people. That's what George Bush did -- excuse me, trillions of dollars. You can't do that.
Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do.
By the standards of honest, if unorthodox, accounting, government workers don't pay taxes, but are paid out of taxes. In other words, they pay taxes out of money confiscated from taxpayers, who, in turn, pay taxes twice: on their own income and on the income of members of the bureaucracy. At the very least, this should disqualify state workers from voting.
Rich people don't pay taxes? Of course they pay taxes - they pay tons in taxes. They pay for everyone else who doesn't pay taxes.
I pay people very, very well - probably more than I have to. But that costs me less money in the long run because I'm not having to constantly train somebody. I pay them enough that they don't go seeking a higher scale at the next restaurant.
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