Word: grows
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Dates: during 1990-1999
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That's not all bad. A prosperous economy leads to more personal income, which shoves more taxpayers into higher tax brackets, so they owe more in taxes. Thus the taxpayer burden may grow faster than income, and taxpayers still get ahead. That's the way our progressive tax system works: the more you make, the higher your tax rate. But it is one of the hidden ways taxes are on the rise. Here are some others, and what to do about them...
...20th century medicine did little to increase the natural life-span of healthy humans. The next medical revolution will change that, because genetic engineering has the potential to conquer cancer, grow new blood vessels in the heart, block the growth of blood vessels in tumors, create new organs from stem cells and perhaps even reset the primeval genetic coding that causes cells...
...incredible for some people's taste, however. Once a database like this is assembled, civil rights advocates argue, it is unlikely to be disassembled, and it is only a matter of time before data grow to include not just wrongdoers but also law-abiding citizens. Proponents of DNA testing dismiss this as libertarian alarmism, but experience suggests otherwise...
Mammas, don't let your babies grow up to be cowboys. And while you're at it, don't let them grow up to make movies about cowboys either. Especially ones that place them in a pretty Southwestern light and solemnly invite us to contemplate their tragic inability to cope with the modern world...
...Education IRA, which lets you set aside $500 per child each year, must be funded by year-end. Like the Roth, it allows your money to grow and be withdrawn for college free of tax, but it offers no deduction. You can take as much as a $1,500-per-student credit on 1998 taxes by using the Hope Scholarship and prepaying now for the college spring semester. You can take up to a $1,000 credit per family by using the lifetime learning credit. Each program has income limits and other restrictions...