Word: pensioned
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Dates: during 1970-1979
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...other main group of women who depend largely on Government-administered funds are single or widowed females over 65. Half of them-nearly 4,000,000-have less than $1,889 a year to live on, and the Social Security system quite openly discriminates against them. The pension is based on earned income, and "mere" housewives earn nothing during their years of work. Widows are entitled to survivors' benefits, but these are generally lower than a wage earner's pension. And a commercially employed woman generally earns less than a man. Thus all widowed or single women over...
Particularly for people who earn more than the Lundmark family, income taxes are as steeply progressive as Everest. On a salary of $10,000 a Swede pays 43% of his income in national, local and old-age pension taxes. On $20,000 he pays 53%, and on $40,000 his combined levy is a brutal 63%. Loopholes are almost nonexistent, and deductions are rare. Corporate income taxes, which average 53%, are less severe because, unlike individuals, companies can deduct from their national tax the amount they pay in local taxes. Even so, Sweden's leading business magazine, Veckans...
...take a potential profit quickly and move on to some other deal, would have a very difficult time trying to get rid of his option. If the Chicago Board of Trade is indeed able to provide a daily market for stock options, big volume traders like mutual funds, pension funds and insurance company portfolio managers are expected to be its major customers...
...Italian law stipulates that the widow of a Prime Minister gets a 50% higher pension than the widow of an ordinary Minister. So one 81-year-old woman is suing the government for a raise in her pension from $258.40 to $387.60 a month. After all, Husband Benito Mussolini was Italy's Fascist Prime Minister from 1922 to 1943 (he was eventually shot by anti-Fascist partisans and then hung by his heels alongside his mistress). When Italian newspapers questioned whether the dictator's widow really deserved more money-plus the return of three Mussolini farms that...
Such advice would have been more firmly grounded if the report had named the agencies within churches that handle the portfolios, rather than merely the denominations involved. Investments are often made by lay moneymen through such boards as church pension funds, which are independent of church programmers...