Word: cente
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Dates: during 1990-1999
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...used them to get a duplicate card. That somebody ran up a $3,000 bill, but the nice lady from the fraud division of the credit-card company took care of it with steely digital dispatch. (I filed a short report over the phone. I never lost a cent...
...their fair share of the Social Security tax. That tax is levied--at a current rate of 6.2%--on only the first $65,400 of income, so those who earn more pay much less than 6.2% of their total earnings. The working poor pay the full 6.2% on every cent of their meager wages. And this is a merciless tax--no exemptions, no deductions, no credits. (One exception in the new tax bill: the working poor will get the $500-a-child credit. Big deal.) Taxing the poor to give to the rich throws Robin Hood into reverse...
...impose a compulsory 10% income tax on their members. Tithes are collected locally, with much of the money passed on informally to local lay leaders at Sunday services. "By Monday," says Elbert Peck, editor of Sunstone, an independent Mormon magazine, the church authorities in Salt Lake City "know every cent that's been collected and have made sure the money is deposited in banks." There is a lot to deposit. Last year $5.2 billion in tithes flowed into Salt Lake City, $4.9 billion of which came from American Mormons. By contrast, the Evangelical Lutheran Church in America, with a comparable...
WASHINGTON, D.C.: The Senate Finance Committee approved a broad sweeping tax bill, including a 20 cent hike in cigarette taxes to finance health insurance for poor children. The bill, which aims to produce a net tax cut of $85 billion over five years, will go to the Senate floor next week. Other provisions of the bill retained the $500-per-child tax credit and some $32 billion in education tax incentives. But even though the bill is much more Clinton-friendly than the harsher House version, it is likely to face opposition from the Administration for not providing enough...
...existing stores, turned negative for six consecutive quarters through the third quarter of 1996, an unheard-of reversal for a company that lives on growth. Greenberg had to improve McDonald's value equation fast. "The question is, What do you do about that? Lower prices a couple of cents on everything, or go on TV and talk about 55[cent] meals?" He called the media department and got out the price...