Word: caps
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...forbidden - that Al-Khalifa was confined to her house; she contacted Johnson through secret letters. Then last November, when his tour was over, the couple sneaked out of Bahrain on a commercial jet with Al-Khalifa disguised as a Marine, her hair tucked into a New York Yankees baseball cap. They landed in Chicago, only to meet the stateside heavies: the Immigration and Naturalization Service had been alerted by Bahrain and had been requested to send the woman back immediately. Al-Khalifa in turn claimed asylum. If sent home, she said, she would face ostracism, persecution, even death...
...annual budget of $200,000, you haven't seen Pregracke at work. He's tireless. Today he's driving a forklift around his barges, sorting old car seats and lawn ornaments and tractor chassis into separate piles for recycling. All sandy hair and freckles, dressed in a life jacket, cap and khaki shorts and sporting a pair of wraparound dark shades, Pregracke could be a latter-day Huck Finn. His grin is impish, his body compact and coiled. Two lean, tanned young women in similar uniforms--Jennifer Anderson, 26, and Lisa Hoffman, 22--toil alongside him, heaving corroded truck tires...
Another of the production's great moments comes when Giugliano, adorably clad in a nightshirt and cap, makes very tidy work of dubbing Don Quixote knight, though he must do it three times in order to get it to Greene's satisfaction...
While just about every taxable estate stands to benefit if the so-called death tax gets buried, the rub of additional capital- gains tax is no trifle. Don't worry. No one's messing with the cap-gains rate: 20% for long-held assets. What's getting deep-sixed is the "step-up" in value of some inherited assets. The step-up may sound arcane, but it's a bedrock of estate planning...
...your parents own $300,000 of Microsoft stock for which they paid just $25,000 some years ago. If they sell while they're alive, they'll get hit with a cap-gains tax totaling $55,000 on their profit of $275,000. If they hold until death, though, their heirs will get the stock at the stepped-up basis of $300,000. They could turn around and sell, and owe no cap-gains tax. This money saver is an overriding motivator for many parents who choose not to sell, possibly forgoing a better end of their life. Under...