Word: cashes
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Dates: during 1990-1999
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...rise in retirement. Withdrawals from tax-deferred accounts get taxed as income. If you'll be retiring soon, new contributions might not have enough time to grow tax-deferred. You might be better served putting new savings into a tax-efficient mutual fund, like an index fund. When you cash that in after one year, you pay the capital-gains rate on your earnings, typically lower than the income-tax rate you pay on IRA withdrawals...
According to tribal police and federal authorities, the smuggling took off several years ago when Canada lowered its cigarette tax. Until then much of the reservation's cash came from buying cheap cigarettes in the States and selling them illegally in Canada. "You could make 600% on a case of cigarettes," says Mohawk Charlie Little Tree. "When that ended, people became the easiest commodity." Little Tree is now facing charges for smuggling aliens; his son is already serving time for the same offense...
...mesmerized into cataloging a menagerie of multiplicative monsters, with trading cards linked to games linked to television shows linked to toys linked to websites linked to candy linked back to where you started--a pestilential Ponzi scheme (see foldout graphic). Smelling profits, America's conglomerates have pokeyed up to cash in. Hasbro paid $325 million to market the toys. The WB network (owned by Time Warner, the parent company of this magazine) swept up exclusive rights to the top-rated animated TV series. Warner released the Pokemon movie (see review above), which opened on Wednesday last week and saw thousands...
Where do you think the money winds up when a gift certificate goes unredeemed? You probably assume that it's a windfall for the store that collected the cash and never had to deliver anything. But that's not supposed to be the case. After a waiting period--usually three to five years--the retailer is supposed to give the unspent money to the state, which is supposed to find the owner and give back the cash...
...moment of the Warhol Effect was back, inspirited by the cash of the swelling Wall Street plutocracy that seemed to live inside the Pop artist's reverie of an endless spree of sensations and spectacles acquired, used up and instantly replaced. This is not to say that work harkening to the spiritual, to quieter introspection, wasn't being done. Such abstract artists as Bill Jensen, Sean Scully and Christopher Wilmarth were making some of their best work, but their belief in the poetic possibilities of doubt were no longer the currency...