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Significantly, none of the Bush accounts include mandatory withdrawals or income limits. Democrats have spent most of the past few weeks complaining about that last point--Bush's plan is mighty juicy for the affluent. A single person could sock away nearly $30,000 annually, and a couple twice as much. Add two kids with LSAs in their names and contributions from parents or grandparents, and you're sheltering more than $70,000 a year from future taxes...

Author: /time Magazine | Title: This Piggy Has Wings | 2/24/2003 | See Source »

...island in 1963. The 1974 division occurred when the Turkish army, in response to a Greece-backed coup, invaded and occupied roughly one-third of Cyprus along its northern shore. The result: the "green line" that separates the formerly thriving but now-underdeveloped Turkish northern part from the comparatively affluent Greek southern part. The U.N. plan calls for the Greek and Turkish regions of Cyprus to be reunited as a confederation of two states, joined loosely by a central government but with both regions maintaining separate administrations. The arrangement would be overseen by troops from Greece and Turkey. Some critics...

Author: /time Magazine | Title: Will He or Won't He? | 2/23/2003 | See Source »

...support jobs, not combat jobs," says a Pentagon report released after Rangel introduced his bill last month. An earlier Defense Department report acknowledges that new recruits come "primarily" from middle-and lower-income families. Says Rangel: "All Americans should be prepared to share the sacrifices of war"--even affluent ones. --By Douglas Waller

Author: /time Magazine | Title: This Man Wants You! | 2/17/2003 | See Source »

Another rhetorical device that gets under my skin—“whopping.” I always know some outrage against the more affluent among us will follow. As in “the top 50% [of all wage earners] pay a whopping 96.09% of all income taxes.” (Later on we learn that this top 50% also happens to earn [a whopping?] 87.01% of all income, so we aren’t quite as ready to hit the barricades...

Author: By Andree Pages, CRIMSON STAFF WRITER | Title: Rich Must Pay More To Defend Their Assets | 2/10/2003 | See Source »

...would reduce taxes by $674 billion over 10 years, half of which will come from an elimination of taxes on stock dividends. While predominately wealthy stock shareholders will receive a hefty tax break, the President turned his back on important social programs for the nation’s less affluent citizens. Reductions were made to Justice Department programs on juvenile delinquency, and money for public housing programs was cut. Over time, government-financed child care and children’s health insurance would be reduced. Bush also plans to alter Medicaid coverage so that many poor people, including some...

Author: By The CRIMSON Staff, | Title: The Real 'Fuzzy Math' | 2/10/2003 | See Source »

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