Word: maximum
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Dates: during 1990-1999
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...rainbow coalition of white, black, Latin American, African, Caribbean and Asian criminals who are deluging the ghettos (and the rest of America) with drugs is motivated by greed, not genocide. They seek to extract maximum profits from their sordid business -- and if some of their customers fatally overdose themselves or are gunned down in turf battles between dealers, so be it. Whatever the drug pushers' goal may be, blacks could thwart them by the simple expedient of refusing to use drugs. The question is whether they will be self-interested enough to reject deluded genocide theories and face...
...discovered an unpleasant surprise: their take-home is less than it was in December. Reason: that line on the check stub labeled FICA, better known as Social Security, is taking a bigger bite than ever. A wage earner making $51,300 or more this year will pay the maximum $3,924 in Social Security taxes -- $320, or nearly 9%, more than...
...fact, 3 out of 4 Americans now pay less in federal income taxes than in Social Security taxes (including their employers' matching contributions, which indirectly come out of workers' pay). Since a 1983 "reform" of Social Security, both the tax rate and the maximum income subject to tax have risen rapidly, ostensibly to set aside a fund for future retirees. For most wage earners, these rising FICA deductions have gobbled up more money than was saved by Ronald Reagan's popular cuts in income taxes. Since 1980, total federal tax collections remain virtually unchanged at 19% of national income...
...Social Security levy is scrambling Washington's political alignments. Democratic Senator Daniel Patrick Moynihan, a New York liberal, proposes to roll back the Social Security tax from the current 7.65% to 6.55% over the next two years, a plan that would save $600 for workers paying the maximum amount. Moynihan would return the retirement system to a pay-as-you-go basis rather than piling up surpluses ($52 billion in 1989) that are diverted to finance other Government programs and cover up the full size of the federal deficit...
...drug industry, have lofted from an average of $55 million for each new medication in the 1970s to $125 million today. Regulatory agencies like the U.S. Food and Drug Administration can take up to seven years to approve a drug application. That shrinks to 14 years the maximum amount of time in which a company can recoup its investment before its patent on a new substance runs out, and thereby pressures the firm to hike the price...