Posts Tagged ‘randy Thurman’

Randy Thurman: Penny After Taxes

Posted by admin on Friday, January 6, 2023

Meaning of Randy Thurman Money Quote: saying one cent used to be worth twice as much before it is taxed. Randy Thurman said:

 
A penny saved is worth two pennies earned . . . after taxes Quote
 

“A penny saved is worth two pennies earned . . . after taxes” — Randy Thurman

 

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This quote from Randy Thurman suggests that saving money is more valuable than earning money after taxes are taken out. It implies that a penny that is saved retains its full value of one penny, while earning two pennies through work or other means results in less than two pennies actually being kept once taxes are paid.

The quote highlights how putting money away in savings can be more worthwhile financially than earning additional money that will be partially lost to taxation. Saving a single penny of income keeps the full penny’s worth, while earning more may not translate to keeping more after accounting for taxes owed on those earnings.

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