Warren Buffett: Paying Income Tax

Posted by admin on Saturday, November 12, 2022

Meaning of Warren Buffett Money Quote: saying those paying taxes are not taxed on capital gains, dividends. Warren Buffett said:
 

 

“We’re paying maybe 25 percent of the income tax, but the payroll tax is over a third of the receipts of the federal government. And they don’t take that from me on capital gains. They don’t take that from me on dividends” — Warren Buffett

 

Warren Buffett is referring to how capital gains and dividends are taxed at lower rates than regular income for most taxpayers. When someone sells an investment like stocks or real estate for more than they paid, the profit or “capital gain” is taxed. However, the capital gains tax rate is typically lower than the rate for ordinary income.

Dividends from stock investments are also usually taxed at a lower rate than regular wages or self-employment income. By pointing this out, Buffett is suggesting that the tax system favors investment income over earned income through work.

Alicia Keys: Friend on Payroll

Posted by admin on Friday, January 25, 2019

Alicia Keys Money Quote saying when someone is paid to be by your side, you can’t call them a friend. Alicia Keys said:
 

 

“But ain’t got a friend that’s not on the payroll” — Alicia Keys

 

 

In this Alicia Keys quote, she seems to be commenting on how fame and success in the entertainment industry can potentially impact relationships and trust. Some key points:

• Keys notes that she doesn’t have any friends who are not getting paid/on her payroll in some way.
• This implies that as a rich and famous musician, it may be difficult for her to know if people genuinely like her for who she is, or because of what she can offer them career-wise or financially.
• She lacks close companions who are simply friends with no ulterior motives or incentives, since most people in her inner circle are receiving some compensation.
• Keys’ quote conveys a sense of loneliness and wariness that comes with not being sure if relationships form naturally or are motivated by her celebrity/wealth status.

Overall, the quote suggests Keys has found it challenging to maintain authentic, uncompensated friendships outside of professional relationships as a successful artist, due to issues of trust that can arise from the influences of money and fame on people’s behaviors.