Word: deductionism
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That wasn't crass; it was right. Shopping, traveling, gambling (Las Vegas has been losing $30 million a day in revenues) and dining out make perfect Keynesian sense. It's not surprising then that lobbyists are wrapping the flag around breaks for their sector. Last week the "hospitality" industry, billing...
To help curb the confused mess of parental ideals into which children are born, the government needs to start offering optional parenting classes, with tax write-offs or health insurance deductions as an incentive. The earlier parents take them the better; courses during pregnancy could qualify for a hospital bill...
IMPROVING GPAS The company that produces the American College Testing (ACT) exam says the grade-point averages of high schoolers who take the test have increased in each of the last five years, reaching an average of 3.22 in 2001 (out of a possible 4.0), compared to 3.16 in 1997...
Some tax pros have been angling for ways to reset the meter without moving. Philip Holthouse, a partner at the Los Angeles tax firm Holthouse Carlin & Van Trigt, says you can do that by setting up a trust and selling the house to your adult children. Future gains will accrue...
The tax bill isn't all bad. Beginning in 2002, it introduces a generous college-tuition deduction that increases up to $4,000 a year. But that lasts only through 2005. The bill expands the education ira to an annual contribution limit of $2,000, up from just $500, and...