Word: bracket
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Everyone who indulged in putting together a bracket this week for America's favorite office pool should be familiar with the concept that it is very difficult to beat a good team three times in the same season...
McCain proposes to spend the Social Security surplus to shore up Social Security and Medicare. He wants to extend the 15 percent tax bracket to include 25 million more Americans...
...increasing the standard deduction for two-earner households and raising the payments to married couples under the Earned Income Tax Credit, a worthy program that supports the working poor. However, the bill would also move many well-off married couples from the 28-percent to the 15-percent tax bracket, regardless of whether they were affected by the marriage penalty or not. As a result, according to the research group Citizens for Tax Justice, the plan would give almost two-thirds of its ten-year, $182 billion largess to families with incomes over $75,000 a year...
...have $500,000 in company stock, with a cost basis of $100,000. If you are in the 31% tax bracket and take possession of the stock, you will immediately owe $31,000. But the eventual tax on that $400,000 will be just $80,000 for a total tax bite of $111,000. In an IRA rollover the total bite would be $155,000. And by taking possession, you can later pass the stock on to heirs at a stepped-up basis. Your heirs will pay capital-gains tax on the difference between the cost basis and the market...
...mail, an audio and video CD drive (but no DVD player) and spillproof wireless keyboard. The $500 unit, due out in March, only works with the company's own $20-per-month Internet service--a drawback for those already online with another service. Designed specifically for the kitchen--a bracket, sold separately, makes it a space saver--the iCEBOX can do something few other info appliances can: connect to closed-circuit cameras for monitoring the back porch or the baby's room while you slave away at that stove...