Word: jointed
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Dates: during 1990-1999
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This policy of non-policy is the Bush Doctrine. Bush said as much last month in his speech to the joint session of Congress, in which he laid out U.S. objectives in the Persian Gulf and his views on the post-Cold War world order...
...graduated system (in which there were as many as 15 brackets, each subject to a differing marginal rate) was replaced by a new scheme with only two rates: 15% for low-income taxpayers and 28% for everyone else. But achieving that goal required some juggling. For most joint filers, for instance, income below $32,450 is taxed at the 15% rate. To ensure that those who make more kick in 28% on all their income, the government puts a larger bite on the high end of their earnings. So for the same joint filers, the marginal tax rate jumps from...
...that a break for the rich? Not really, most G.O.P. lawmakers insist. Unlike low- and middle-income earners, joint filers with incomes above $162,770 cannot claim personal exemptions. They are also taxed at the full 28% rate even on their income below $32,450. With those considerations factored in, both middle-income and wealthy earners are supposed to wind up paying the same marginal rate of 28% on their earnings over...
...Ways and Means Committee chairman Dan Rostenkowski have proposed to puncture it. They would tax all income over $200,000 at the 33% rate and levy an additional 10% surcharge on income over $1,000,000. Though such hikes would apply to only about 740,000 taxpayers, the congressional joint tax committee reckons the change would bring in $4.2 billion in additional revenue in the current fiscal year and $44.3 billion by 1995. It also has the political appeal of imposing a higher rate on the rich than on the less affluent...
Included in the presentations--made primarily by members of a joint student-faculty space committee--was a discussion of whether the Law School should erect a four-story building in its main quadrangle and whether such a structure should primarily be used to house faculty offices or classrooms displaced by the Langdell renovations...