Income Quotations | Page 4

Given the massive catastrophe losses absorbed by insurers in nine-months 2005, the increase in income and surplus during the first three quarters of the year is a testament to the underlying financial health of the industry. But we can't afford to lose sight of the fact that, as bad as Hurricanes Katrina and Rita were, insurers and the public remain exposed to far more devastating catastrophes that could strain insurers' ability to fulfill their obligations to policyholders. According to PCS, Hurricane Katrina caused a record $38.1 billion in direct insured losses to property. But catastrophe modeling by AIR Worldwide shows we face the prospect of hurricanes causing more than $100 billion in damage. Even as we applaud insurers' success coping with the catastrophes of 2005, we must do more to assure that insurers and the people they serve will survive when even more devastating storms strike.

Given the massive catastrophe losses absorbed by insurers in 2005, the increase in income during the first three quarters is a testament to the underlying financial health of the industry.

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.

Nigeria has moved into low-middle-income, but their north is very poor, and the health care systems there have broken down.

In low-income countries, getting to a health post is hard. It's very expensive.

In low-income countries, the main problems you have is infectious diseases.

Don’t tax my income, tax my consumption.

I don't know if I can live on my income or not - the government won't let me try it.

Many of us own our trailers, but they aren't movable. We are low-income families, and this is not fair to us.

Many times, certain deductible expenses are overlooked. Be sure to keep track of all of your travel expenses, including transportation, parking fees, ferry fees, tolls, lodging, meals and other incidental expenses. An important point to remember about military differential pay is that while the income is taxable, this pay is not considered wages and is not subject to Social Security and Medicare taxes. So it's important that military taxpayers ensure that their employers treat these earnings correctly.