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...Cool New World Your article "biochips for everyone!", on computer microchips that can be implanted in humans, set off alarm bells [Nov. 14]. While each chip contains a personal ID number that could be scanned like a bar code and provide needed medical data, there is a serious danger. The government or anyone smart enough to hack a security system could end up using biochips to track a person's movements and activities. Should biochips become commonly used, people might then be forced to have them implanted. And if that happened, anyone who did not have a biochip could...
What is the alternative minimum tax (AMT)? This assessment requires people to calculate the amount of federal tax they owe under both the regular income tax code and a flat-tax option, and then pay the higher amount. Created in 1969--after Congress learned that many wealthy people paid no federal income tax because they took advantage of so many tax shelters and exemptions--the AMT taxes all income at either 26% or 28% and allows few deductions...
...many people will have to pay it this year? About 3.5 million households, 57% of which earn between $200,000 and $500,000, according to the nonpartisan Tax Policy Center. Their tax bills will be an average of $4,599 more than they would be using the regular tax code...
...many people will be subject to it in the future? Some19 million families by 2007, including 64% of households earning $100,000 to $200,000. The AMT is not adjusted for inflation, and recent cuts have lowered rates under the traditional tax code, making many middle-class people subject...
...goal of user satisfaction. Rachel Somodi Kansas City, Missouri, U.S. The Cool New World Your article "Biochips For Everyone!", on computer microchips that can be implanted in humans, set off alarm bells [Nov. 14]. While each chip contains a personal ID number that could be scanned like a bar code and provide needed medical data, there is a serious danger. The government or anyone smart enough to hack a security system could end up using biochips to track a person's movements and activities. People might then be forced to have them implanted. And if that happened, anyone...