Word: bracket
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Harvard (which finished 1-2 in the competition) opened the tourney with a loss to third-seeded Princeton but bounced back with a win over Dartmouth in the first round of the losers bracket...
...losing to both Babson and BC a year ago, Harvard was knocked down to the losers bracket of the New England Championships, thus making the squad ineligible for NCAA competition...
...Education, whose 30 members include Northwestern, Harvard, Yale and Stanford, provides supplemental $2,000 to $15,000 loans to the same kinds of families. This past March, Stanford for the first time extended low-interest, long-term loan plans to parents in the highest income (more than $250,000) bracket. Though such help for the haves may seem a bit anomalous, tuition experts like Tally Wickstrom, director of financial aids at Purdue, point out that colleges have simply begun to adopt the funding techniques that have long applied to other large consumer investments, like housing. "If I walked into...
...became a torrent in 1982, after Congress extended the program to virtually everyone. Under the current rules, working taxpayers may put as much as $2,000 a year into an IRA and deduct the contribution from gross income when filing their federal tax return. For those in the 50% bracket, it means an immediate saving of $1,000 in taxes for their $2,000 contribution. Savers must eventually pay taxes on the investment, but by the time they reach retirement age, their income is likely to decline and put them in a lower bracket...
...bank sounds paradoxical, yet it makes sense for some people because the interest on the loan is tax deductible. New York City's Chemical Bank, which urges customers to think about an IRA "even if you don't have the money," calculates that a taxpayer in the 35% bracket would pay about $154 in interest on a $2,000 one-year loan but could recover $54 of that by deducting the payment on an itemized federal income tax return. Meanwhile, the customer's IRA, invested at about 9%, will have earned...