Word: brackets
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CAPITAL IDEA While legislators mull over President Bush's income tax proposal, 1997's capital-gains cut is still kicking in. Taxpayers with gains in the 15% bracket--that's single filers whose taxable income in 2001 falls under $27,050, and couples under $45,200--will now be required to pay an 8% tax on any investments sold after five years--a two point drop. People in the 28% and higher brackets will eventually see a similar drop, to 18% from 20%, but only on investments bought after Jan. 1, 2001, and held for at least five years...
With the loss, the Crimson (23-9) fell out of contention early and was reduced to playing losers' bracket games for the remainder of the weekend...
...defense can duplicate that feat, Harvard will likely advance to the second round of the winner's bracket...
...many other Love Story-esque stories--stories that cross that ignored and unspoken line of economic inequality--exist within our Harvard bubble? How many of us have close friends not only of another religion, race or ethnicity than our own, but who also hail from a different tax bracket...
...Crimson's second half woes, the selection committee showed Harvard a great deal of respect by awarding it as favorable a bracket position as it did. Not only does the Crimson have home-field advantage...