Word: bracket
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...since former President Ronald W. Reagan has had the courage to openly make this argument the centerpiece of an economic agenda. It doesn't sit well with our egalitarian sensibilities. But it's true: those citizens whose incomes place them above the lowest marginal tax bracket are doubly penalized. First, they pay a greater amount than low-income Americans simply because they earn more money. This disparity would be true even under a flat tax. But we do not have a flat tax, and therein lies the second penalty. The financially fortunate pay a higher percentage on each dollar above...
...House has sweetened Bush's plan even further, making the initial drop in the lowest bracket (from 15 percent to 12 percent) retroactive to Jan. 1, 2001. That bracket drops to 10 percent in 2006. The rest of the plan would gradually shrink the current five income tax rates of 15 percent, 28 percent, 31 percent, 36 percent and 39.6 percent to four - 10 percent, 15 percent, 25 percent and 33 percent...
...Abraham and Patterson, junior David Barry put together his finest string of squash this season. Placed in the lower tier, Barry was not eligible for a national championship but nevertheless played his heart out en route to a birth, and near victory, in the final round of the Malloy bracket...
Harvard's James Bullock also played sound squash after being eliminated from the main draw. The Jamaican coasted through the consolation bracket and eliminated Williams' Parth Doshi to capture the Consolation II title...
...Crimson women featured several outstanding individual performances. Sophomore Emily Katz, a seventh-place finisher in the NCAAs last year, was one of two female foilists to qualify for yesterday's individual competition. Katz barely made it into yesterday's bracket, picking up the final qualifying spot in Group A, but went on to take third place overall in the foil...