A Quote by Will Rogers
The high income tax come pretty near passing in the Senate. Only lacked about six votes. So it won't be long now. Well, there is millions and millions that are not making it, that would be glad to give up 99 per cent if you would let 'em earn a hundred thousand or more.
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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.
Wouldn't anyone want to take a job in a professional sport in one of the biggest sports in the world and only give 50, 60 per cent and earn millions of dollars? I think everybody would take that.
Millions and millions of people don't pay an income tax, because they don't earn enough to pay on one, but you pay a land tax whether it ever did or ever will earn you a penny. You should pay on things that you buy outside of bare necessities. I think this sales tax is the best tax we have had in years.
A universal basic income means not only that millions of people would receive unconditional cash payments, but also that millions of people would have to cough up thousands more in taxes to fund it. This will make basic income politically a harder sell.
I kind of liked the method of the seventies where they would throw a little bit of money at a hundred different groups - not millions of dollars per group, but, you know, a few thousand. Throw them in the studio, and if five of those groups came out with a hit record it would be money well spent.
I tried hard not to think about the scope or scale of making a record that would be heard by millions and millions of people. I did a pretty good job of tuning that out.
Our royalty statement has been minimal and menial. Really. We don't collect more than a per cent of a per cent of a per cent of a per cent of a per cent of a per cent of a per cent. We get maybe the seventh of 1 percent.
The tax that was supposed to soak the rich has instead soaked America. The beneficiary of the income tax has not been the poor, but big government. The income tax has given us a government bureaucracy that outnumbers the manufacturing work force. It has created welfare dependencies that have entrapped millions of Americans in an underclass that is forced to live a sordid existence of trading votes for government handouts.
What do nations care about the cost of war, if by spending a few hundred millions in steel and gunpowder they can gain a thousand millions in diamonds and cocoa?
If one in twenty does not seem high enough odds, we may, if we prefer it, draw the line at one in fifty (the 2 per cent. point), or one in a hundred (the 1 per cent. point). Personally, the writer prefers to set a low standard of significance at the 5 per cent. point, and ignore entirely all results which fail to reach this level. A scientific fact should be regarded as experimentally established only if a properly designed experiment rarely fails to give this level of significance.
The core problem is that the world is full of people who would like to take 99 per cent of the information that's on the Internet, and eliminate 1 per cent. Everyone has their own thing they don't like.
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
We need to be protecting American citizens who are here, out of work, and hurting today-minorities, Blacks and Whites and all colors and races that are hurting today with high unemployment, but we seem to be more focused on how we can ram through this Senate a bill that would legalize millions and create an even more robust guest worker program. There are not enough jobs now. Give me a break.
The people of the Southern States now own near five millions of these negroes, and they are worth to them near three millions of dollars.
We've been prepared to make the arguments for lowering corporation tax, which is all about encouraging risk takers, encouraging entrepreneurs, and I observe that for the vast majority of the Labour government we had a top rate of 40 per cent income tax. It's now higher, and I think we should look to get to a simpler, lower tax system.
People now have been conditioned to believe they should only buy one song at a time, that nobody can make an entire record that would merit you paying, you know, $7, $8, $10 when CDs in the '90s were $18, $19 and people bought millions and millions and millions of them.
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