Word: brackets
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...from the first euro passed on, but a series of tax-free thresholds apply to family members, including a €50,000 one for children of the deceased. The value of even a modest two-bedroom apartment in central Paris is enough to push families into a 30% tax bracket (the top rate for them is 40%, for estates valued at over €1.7 million). For nonfamily members and unmarried partners, the situation is even more complicated, with inheritance tax rising as high as 60%. And unlike many other countries, where the tax is levied when assets are handed down...
...author of the huge 2001 best seller The Corrections, a symphony of Midwestern, middle-class mental suffering that conveys depression and anxiety more entertainingly and eloquently than almost any book I've ever read, and which almost instantly made him the premier literary novelist in his age bracket. You might also possibly remember Franzen as the man who rather too honestly expressed his ambivalence over being chosen for Oprah Winfrey's book club, prompting Winfrey to honestly, unambivalently rescind her invitation to come on her show...
...would say, we’ve got a nice base of younger girls who are wearing our clothes in their twenties. You know, girls who dress up and want to be a little more sophisticated. I’d say, our most successful bracket from these trunk shows have probably been women in late thirties, forties, and early-to-mid-fifties...
...start of the decade, the 47 cent tax rate kicked in at an annual income over $A50,000; from this July, the rate will be 45 cents and the income threshold will be above $A150,000 (with only 1 in 50 taxpayers to be in the top bracket). The overall tax mechanics are such that 80% of workers will pay no more than a top marginal rate of 30 cents for every dollar earned...
...government's own figuring, lowering the eligibility limit to annual incomes under $A125,000 would save "less than $100 million." Each year the FTB system grows, as revenue is churned back into middle Australia. Rather than adjusting the tax scales, so that everyone gets a share of so-called "bracket creep," FTB has become a very conspicuous component of family accounting. This financial year, according to the Treasury, 40% of families will receive more in cash benefits than they pay in personal income...