Word: marginalls
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The bubble was created in 1986. To simplify the tax code, the old 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...
Is 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...
Long's redistributionary rhetoric, of course, is much more radical than anything you hear in Washington these days. Proposals for a 10 percent surtax on people with incomes of over $1 million (currently in Rostenkowski's budget plan) or a 50 percent marginal tax on unsaved income over $100,000...
Meanwhile, Darman tried a new tack. He revised his capital-gains proposal, suggesting that the rate be lowered from 19.6% to 15% in the hope of spurring a compromise with the Democrats at around 17% or 18%. The Democrats were willing, but only if Bush agreed to eliminate the "bubble...
First, the sub-headline "Witnesses Say Massacre Sparked After Stone-throwing Incident" implies that the massacre was caused by stone-throwing Palestinians. This renders the extreme provocation by the extremist Jewish group "Temple Mount Faithful" marginal in the issue.