Word: pretax
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...Number of years it would take Hillary to pay back the difference on a Senator's salary, assuming she donated her entire pretax paycheck...
There's a lot more wrong with Japan's economy than its banks: Toshiba and Hitachi, two of the electronic giants that drove the country's postwar industrial boom, on Monday posted massive losses. Toshiba's $53.6 million pretax loss in the first half of fiscal '98 compared with a $212 million profit for the same period last year; Hitachi lost $1.04 billion compared with a $204 million profit in the equivalent period last year. "These companies will bleed as long as demand at home and in Asia remains weak," says TIME senior business reporter Bernard Baumohl. And therein lies...
...fortunate bunch, all men, ranging in age from twentysomething to fiftysomething, opted for an upfront lump sum of $161.5 million rather than the jackpot total spread out in payments over 25 years. That entitles each of them to $12.4 million pretax dollars--or the equivalent of a try-harder-next-year Christmas bonus for high-level bankers at Goldman Sachs. All the Lucky 13 remained anonymous, except John Jarrell, a 34-year-old father of three, who told reporters that one of his first purchases will be a Harley-Davidson for his wife that will match...
...Roth is, of course, the now familiar IRA that allows savers to contribute aftertax money, which grows tax free and can be withdrawn tax free in retirement. Traditional IRAs are funded with pretax money that grows tax deferred but is subject to tax upon withdrawal. Here are three key corrections in the bill that relate to the Roth...
...into a Prada empire of 120 shops around the world. Last year the firm opened 27 flagship stores and 13 in-store boutiques. This year it is planning 15 Prada stores (in such places as Chicago and Taipei) and five Miu Miu shops. According to Bertelli, Prada had a pretax profit of $130.1 million on revenues of $674 million last year. This year he expects $150 million on sales of $824 million--tidy numbers for a family firm...