Word: householder
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Dates: during 2000-2009
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...Total and luxury goods maker LVMH. Nearly everyone feels the pinch; the national statistics institute predicts that household purchasing power will be virtually stagnant in the first half of this year. Meanwhile, it's unclear where the government will find the extra €1.6 billion to fund the public-sector raise - new Finance Minister Thierry Breton last week downgraded official forecasts of economic growth this year, from 2.5% to nearer 2%. A Bad Day At The Bourses Is the boom off in Central Europe's stock markets? After posting record gains in recent months, bourses across the region stumbled last...
...fact, most of the rich don't pay it. You can be liable for the AMT's extra bite with a household income as low as $75,000, and you are more vulnerable the more kids you have. Hardest hit are the upper middle class: households earning $200,000 to $500,000 a year. More than half in this range pay the AMT, while only one-quarter of households earning over $1 million each year...
Critics argue that the AMT is hitting the wrong people, ensnaring more and more middle-class families. Although just 2% of families with two or more children and household earnings of $75,000 to $100,000 a year pay the higher tax today, within five years virtually all such families will pay it--and the AMT will have moved further down the income bracket to some earning as little as $50,000 a year, projects the Tax Policy Center, a nonpartisan research group whose estimates are widely accepted. Put another way: 3 million taxpayers will fall victim...
...times more likely to encounter a wealthy student than a poor student at an Ivy League or Ivy-imitating college.” The figure should have a chilling effect on any reader who still thinks meritocracy allows all walks of life an equal shot at success. The average household income of a Harvard student soars into the six-digit range. We’re as representative of the national mosaic as Congress...
Time to clear some more mantle-space in the Grumet-Morris household...