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...much will you have to pay in higher taxes to finance Social Security benefits for the Baby Boom generation? If you think this is an unimportant question for a 20-year-old Harvard student, think again. Without any changes, Social Security benefits are projected to exceed payroll tax revenues by approximately $160 trillion from now until 2075. To maintain the exiting system, our generation will have to bear a tremendous burden in the form of higher taxes during our working years and reduced benefits in our retirement years. In fact, economists estimate payroll taxes may have to rise at least...
...lives in prison. In fact, if convicted of killing five and injuring 10, they are likely be out of prison at age 18. In Arkansas children under 14 cannot be tried as adults, and juveniles face a maximum sentence described by state law as "indeterminate," which means not to exceed their 21st birthday. And, says Gerry Glynn, law professor at the University of Arkansas at Little Rock, "most children are released at age 18 because the state does not have the facilities to hold them longer." (The Justice Department is looking into whether federal charges can be brought against both...
...total number of inductees from each class year cannot exceed 10 percent of the graduating class, as dictated by the national organization's rules...
...this year is to make sure, where possible, that you don't exceed income limits placed on things like the new Roth IRA and child tax credit. You will also want to pay close attention to the investments you have in taxable and tax-deferred accounts. The lower capital-gains tax rate, which came into play in '97, remains a major planning point going forward...
...whether to cut production, but how to ensure that the 11 member states and such non-member producers as Norway, Russia and Mexico stick to their agreed cutbacks totaling 1.5 million barrels. Analysts are skeptical over whether Russia, Venezuela, Nigeria and others will avoid the temptation to exceed their new production quotas, which would quickly unravel the agreement -- and even the oil cartel itself. After all, it?s not as if renegades face the prospect of having their legs broken or anything...