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What is the alternative minimum tax (AMT)? This assessment requires people to calculate the amount of federal tax they owe under both the regular income tax code and a flat-tax option, and then pay the higher amount. Created in 1969--after Congress learned that many wealthy people paid no federal income tax because they took advantage of so many tax shelters and exemptions--the AMT taxes all income at either 26% or 28% and allows few deductions...
...always been confident that I can play at that level when the time comes.”IMPORTANT CALLIf Fitzpatrick does indeed build on his success of last week and embark on a prosperous career with the St. Louis Rams, the folks of St. Louis just might owe Murphy a little bit more thanks than they originally thought.Murphy, who played his college football at Springfield College, called fellow Springfield alum and current Rams quarterback coach, John Ramsdell, in the spring of 2004. “I called John after Fitzpatrick’s junior year and I said...
...dangling from trapezes. If this is the only demand major labels are feeling, what’s to prevent them from dropping everyone but Toby Keith and buying him a longer trapeze and a bigger cowboy hat? Let’s not play elitists once again, but maybe we owe it to the Earth to continue to support bands we care about so that labels continue to sporadically offer them a chance at the big bucks. Abe: Okay, I’ll give you that. It’s important to keep the band economy rolling that we buy special...
...losing streak, its longest of the 2004-05 campaign, which included a 92-55 home loss to BU. Last season’s dramatic finish hasn’t escaped the minds of the Crimson players. “It’s definitely fair to say that we owe them some payback,” said junior center Brian Cusworth, who led all scorers with 18 points in the overtime loss. With six of the eight Wildcats players who saw action in that game returning for tonight’s contest, Harvard will get that chance to return...
...don’t ask, don’t tell” policy, it is about respect for our peers and countrymen. This unprecedented partnership of the Dems and HRC encourages students of differing political beliefs to agree that as U.S. citizens, the least we owe our troops is a humble thank you. Throughout this week, representatives from the Dems and HRC will be tabling in houses to collect donations for an adopted platoon. They will also be handing out yellow ribbons and support your troops pins to the student body. On Wednesday, leaders from both organizations will be conducting...