Taxable Quotes

There's a laundry list of reasons why not to borrow from your 401(k). While the money is on loan, it's not working for you - and if you leave your job, you'll have to pay it back in 60 days or treat it as a taxable withdrawal. ~ Jean Chatzky

deductible, depreciable, and deferrable - are about reducing your taxable income. No investment does that better than real estate, which offers unprecedented tax advantages both while you own it and when you sell it. Millionaire ~ Gary Keller

... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income. ~ Campbell R. McConnell

Death just shouldn't be a taxable event. ~ Dennis Hastert

Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life. ~ William Vickrey

term gains and all short term capital gains are taxable to investors. Please refer to the Taxation - Capital gain for more details. ~ Jigar Patel

Public grazing provides just one dollar out of every $2,500 of taxable income in the West, or 0.04 percent, and just one out of everything 1,400 jobs, or 0.07 percent. On both public and private lands in the eleven Western states, the livestock industry accounts for less than 0.5 percent of all income. ~ Christopher Ketcham

Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts. ~ Michelle Malkin

Wishes, like castles in the air, are inexpensive and not taxable. ~ Thomas Chandler Haliburton

People who buy equity ETF shares in taxable accounts, such as a joint account or trust account, will find their tax bill may be slightly lower at the end of the year than if they had purchased the same amount in a comparable open-end index fund. ~ Richard Ferri

The history of taxation shows that taxes which are inherently excessive are not paid. The high rates inevitably put pressure upon the taxpayer to withdraw his capital from productive business and invest it in tax-exempt securities or to find other lawful methods of avoiding the realization of taxable income. The result is that the sources of taxation are drying up; wealth is failing to carry its share of the tax burden; and capital is being diverted into channels which yield neither revenue to the Government nor profit to the people. ~ Andrew Mellon

At the end of World War II, we had wage and price controls. Under wartime inflationary conditions, many employers found it difficult to recruit employees. To get around the limitations of wage control, many began to offer health care as a fringe benefit to attract workers. As a new benefit, it took some years for the Internal Revenue Service to get around to requiring the cost of the medical care to be included in the reported taxable income of the employees. By the time it did, workers had come to regard nontaxable medical care provided by the employer as a right - or should I say entitlement? They raised such a big political fuss that Congress legislated nontaxable status for employer-provided medical care. ~ Milton Friedman