Word: offseting
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...Watergate Hotel; of lung cancer; in McLean, Va. Palladin mentored a generation of celebrated New York City chefs, such as Daniel Boulud, Christian Delouvrier and Drew Nieporent, but never struck it rich. When his cancer was diagnosed last year, chefs and diners across the country chipped in to offset his medical bills...
...where folks can forget about shopping and little Jimmy’s bad grades and get lost with a neurotic Russell Crowe, or Gandalf, Frodo and some pesky rings. This year will prove no different—audiences have the same variety of Oscar hopefuls and escapist blockbusters to offset their burning desire to drown yuletide angst with too much eggnog. The following are some of the standouts for this season...
...yellow sheets of paper, the type from the old machines upstairs so uneven you had to notice the way the letters made themselves. Doing paste-up with an X-acto knife that more than once sliced my finger open, smearing blood onto the layout sheet. Swiping down the dripping offset plates so they could be loaded onto the cylinders. Scrambling to scoop the fresh-newsprint-smelling pages as they swarmed off new, and then gathering them into bunches that you grasped loosely and tapped folded-edge down, so that they slid together cleanly in thick blocks and the newsprint rubbed...
First, you should consider taking as much as $3,000 in capital losses--the maximum amount you can use to offset ordinary income. If you're in the 27.5% tax bracket, this move can save you $825--or more if your state offers deductions...
Next you should consider taking losses this year that you can use to offset future capital gains. Afraid to sell for fear the stock or fund will come roaring back? You can always record the loss and then buy back the same security 31 days later without violating the irs's "wash-sale" rule. You can also sell a security from your taxable account and then immediately purchase the same security in your tax-sheltered IRA or 401(k) account, says Martin Nissenbaum, Ernst & Young's national director of personal income tax planning...