Word: household
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...millions of Americans who hire even occasional household help, the rules that tripped up Zoe Baird can be the laws from hell. The requirement that immigrants have U.S. working papers is just part of the problem. The real burden for people hiring anyone, from nannies and baby-sitters to once-a-week household help, for more than $50 in a three-month period is the taxes and the blizzard of paperwork that also come through the door. So stringent are the legal requirements that the Internal Revenue Service estimates that no more than one-quarter of American families with household...
...acknowledges that the red tape has got out of hand. Former IRS Commissioner Fred Goldberg called in 1991 for a single federal form to replace the five documents that are required. And instead of having to write out separate checks, he said, families with household help should be able to pay the taxes through their own withholding schedules or estimated-tax payments. But while Goldberg predicted that such changes would "result in a significant improvement in voluntary compliance," the proposals have languished in Congress...
...Baird, Attorney General-designate of all things, had employed two undocumented Peruvian aliens as household workers and failed to pay Social Security taxes on their salaries. To her credit, Baird disclosed this to Clinton before her appointment and to the FBI during its investigation. Her husband Paul Gewirtz, a Yale law professor, blamed the mess on bad legal advice, and the couple paid nearly $16,000 in taxes, penalties and interest...
...Clinton household, Bill was the four-year-old who witnessed his drunken stepfather fire a shot at him and his mother. But Bill, who is 10 years older than his half brother, was also the son who got the chance to play hero. In a now famous confrontation, the 14-year-old Bill told his stepfather, "Daddy, you cannot hit Mother anymore," and the beating stopped. Roger's childhood is filled instead with memories of helplessness -- of having his older brother's arm constantly around him, of being rescued from the house by a brother who took him everywhere, even...
...1970s and '80s, the stock- market surge of the '80s and lucrative pensions, Social Security payments and a high savings rate, older Americans as a group have amassed a nest egg that New York University economist Edward Wolff values at $5.3 trillion -- an average of $258,000 for each household headed by a person over 64. Those assets mean an unprecedented windfall for many otherwise struggling younger Americans. The money is already flowing fast: the share of total household net worth derived from inheritances and family gifts jumped from 47% in 1962 to 71% in 1989, according to Wolff. "This...