I was originally supposed to become an engineer but the thought of having to expend my creative energy on things that make practical everyday life even more refined, with a loathsome capital gain as the goal, was unbearable to me.— Albert Einstein
Pioneering Capital Gains quotations
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
State capitalism is about more than emergency government spending, implementation of more intelligent regulation, or a stronger social safety net. It's about state dominance of economic activity for political gain.
The impulse to acquisition, pursuit of gain, of money, of the greatest possible amount of money, has in itself nothing to do with capitalism. This impulse exists and has existed among waiters, physicians, coachmen, artists, prostitutes, dishonest officials, soldiers, nobles, crusaders, gamblers, and beggars.
The key to building wealth is to preserve capital and wait patiently for the right opportunity to make the extraordinary gains.
The most important thing in life is not simply to capitalize on your gains.
Any fool can do that. The important thing is to profit from your losses. That requires intelligence, and makes the difference between a man of sense and a fool.
Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.
Many stock options in the corporate world have worked in exactly that fashion: they have gained in value simply because management retained earnings, not because it did well with the capital in its hands.
For [Karl] Marx what counts is man. He is the root of everything;while for capitalism, the aim are things, profit, and man is only a means to gain them. As an authentically religious individual, Marx could not be other than against "religion".
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.
For the love of gain would reconcile the weaker to the dominion of the stronger, and the possession of capital enabled the more powerful to reduce the smaller cities to subjection.
One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains.
There is safety in small beginnings and there is unlimited capital in the experience gained by growing.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
What the issue here is, you get rid of all the conservative orthodoxy about capital gains, marginal tax rate, supply side economics, you just throw all that out the window, limited government and you just embrace the sheer and raw politics of resentment that have been bubbling the whole time and that`s what you get. You get Donald Trump.
We must end the iniquitous multi-taxing of the same money.
It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.
Legislation to create a new 10 percent tax bracket, reduce the marriage penalty, cut the tax rate on dividends and capital gains, and increase the child tax credit have been essential elements in this economic expansion.
It is not a zero sum game. The simple idea of the gains from trade lies at the heart of the modern and the ancient economy, not the power of capital. There is nothing else to it.
I believe capital gains, for the most part, should be taxed the same way we tax income from hard work, sweat, and toil. And if we do those things, we can be a country that actually can afford debt-free college again.
Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.
Nobody prefers to earn income any more, because that's taxable.
Rich people prefer to make capital gains.
Sustaining innovation is the lifeblood of any enterprise.
It is the time when we capitalize upon, and recover from, all the disruptive change prior. Most of the operating profits in the world come from sustaining innovation. Much of the market capitalization gains, on the other hand, come from disruptive innovations.
While I do not hesitate to applaud certain aspects of the resolution honoring the sacrifices of our courageous soldiers who are risking their lives in Iraq, I cannot be supportive of capitalizing on these very sacrifices for political gain.
If people want capital gains taxed more like the highest rate on income, that's a good discussion. Maybe that's the way to help close the deficit.
One basic myth is that rich people get wealthy by earning income.
But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".
The biggest - one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero.
One of the greatest gains of capitalism is that even the proletarian slave feels like a master. He believes he has the power to change his life. We are propelled by the ideology of the self-made man: we work more, we consume more and in the end we consume ourselves. The consequences are burnout, bulimia and other lifestyle diseases.
The capital gains tax is 15 percent now.
So I sit there in my office and I make a lot of money by capital gains, and I pay 15 percent, and I pay no payroll tax on it.
In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.
The ceiling on taxation of capital gains reflects the national belief that speculation is a more worthwhile way to make a living than work.
Prayer is a practical strategy, the gaining of temporal advantage in the capital markets of Sin and Remission.
If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary's. In fact a very small percentage of people in this country pay a big chunk of the taxes.
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.
The objective of life under capitalism is to capitalize or realize a gain-materially or socially-over your competitors.
You don't need to raise taxes on rich people, because they create capitalization and investment. But you need to tax speculation - meaning capital gains.