Word: pays
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Dates: during 1990-1999
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...course, most people get refunds, or have the means to pay Uncle's tab. So if the convenience is worth it, charge away. But if you're cash poor and may be that way for many months, you have better options than running up the nation's already staggering $559 billion credit-card balance...
...charge their tax bills, a move that Congress finally authorized in the Taxpayer Relief Act of 1997. The IRS started a pilot program in January that permits you to charge 1998 federal taxes (and only 1998) on MasterCard, American Express or Discover. You simply phone 1-888-2PAY-TAX or, if you are a Discover-card holder, pay over the Internet via Intuit's TurboTax software...
...credit-card culture it's a route many people will take. Indeed, the number of taxpayers who are going plastic is running ahead of the 75,000 the agency projected this year. But this is one bandwagon you shouldn't hop on quickly. For starters, you'll have to pay the typical 2% or so transaction fee that merchants normally cover when you whip out plastic at the mall. On the average expected federal-tax balance of $2,200, the fee is $49, or 2.2%. (For a complete fee schedule, go to www.usaudiotex.com. On top of that, you'll pay...
...deal directly with the IRS. That's right. The IRS must offer you an installment loan on the taxes due if you meet certain criteria: you owe less than $10,000; have filed a tax return and paid tax in each of the previous five years; and agree to pay off the balance within three years. There are a few other minor conditions, a $43 application fee and annual interest expense of around 7%. There's a monthly late fee too that comes to 6% annually. But all in all it's a better deal than a high-interest credit...
...Star Wars missile shield, some entrepreneurs are sniffing at the scent of new money (beyond the $60 billion spent since President REAGAN unveiled the plan 16 years ago). Out in the Pacific, officials of the Republic of the Marshall Islands are hinting that they expect the Pentagon to pay more for its use of the Kwajalein atoll. Kwajalein's isolation and its shallow, 900-sq.-mi. lagoon have made it an ideal bull's-eye for U.S. missile tests for decades. The Pentagon has access to "Kwaj" through 2001, with a renewal option to 2016. As part of the deal...