Word: bracketeers
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...else? For someone who makes a million bucks a year to pay an extra $50,000 in taxes, or someone who earns $200,000 to pay an extra $5,000 -- well, when you compare that with life in Somalia, or even life in America until 1980, when the top bracket was 70% -- it's just not worth crying over. (Adding higher brackets would also make it easier to justify a much needed capital-gains break -- a 0% tax, but on new investments in newly issued stock only...
...back to Cambridge for practice, two days off for Christmas and then off to California for the winter break's highlight: the Cable Car Classic in Santa Clara on December 29-30. Harvard plays Santa Clara in the opening round. Alabama and Rhode Island will meet in the other bracket...
...accountants. "We have seen a tremendous increase in inquiries on tax-avoidance strategies since the November election," says Vincent Vaccaro, a tax partner for the accounting firm Coopers & Lybrand. "There has been great interest in seeking to accelerate income into 1992, especially for those in the $200,000 bracket and above...
...tournament bracket may favor Harvard. The first round matches the Crimson against Slippery Rock. The Rock is traditionally the most powerful team in the East (it embarrassed Harvard 13-0 last year), but it has shown a few cracks this season...
Perot takes direct aim at the wealthy and the upper middle class by increasing a host of income taxes. His proposals range from raising the top bracket to limiting interest deductions on home mortgages. Economists call such tax hikes "progressive" because they increase the burden on those with the ability to pay. And some well-heeled executives say they would go along with the program. Declares Dan Cotter, chief executive of the True Value hardware store chain: "If someone came into the presidency and said, 'I need x amount of increased taxes for the next two years...