Word: reformer
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...distribution from your IRA, you pay income tax on the entire amount. So any dividends paid into an IRA would ultimately become taxable. Yet in a taxable account, dividends would be tax free. Got that? Well there's more, and it makes a mockery of the notion that tax reform makes things simpler...
...Obstacle Course A British conference on reform of the Palestinian Authority went ahead in London, though Palestinian representatives had to join in from Ramallah and Gaza via video phone. Israeli Prime Minister Ariel Sharon refused to allow them to travel in the wake of a suicide bombing in Tel Aviv. Palestinians accepted the need for reforms to pave the way to a democratic state and promised to present a draft constitution that would include an elected Prime Minister - a move to sideline President Yasser Arafat...
...distribution from your IRA, you pay income tax on the entire amount. So any dividends paid into an IRA would ultimately become taxable. Yet in a taxable account, dividends would be tax free. Got that? Well there's more, and it makes a mockery of the notion that tax reform makes things simpler...
...Republicans selected Frist as their new majority leader on Dec. 23, hoping the surgeon could reattach "compassionate" to "conservatism." George W. Bush, who nudged Lott out and Frist in, has similar expectations. But the President also wants to move quickly on tax cuts and Republican-oriented Medicare reform. And Frist is the least experienced Senator ever to assume the majority leader...
This is not a hard problem to fix. Tort reform is not rocket science. A reasonable bill passed the House of Representatives just last year but died in the Senate, where the trial-lawyer lobby rules. The elements of a fix are simple: no limit on plaintiffs' lost earnings or other costs, a reasonable cap on pain and suffering ($250,000 in the House bill), a similar cap on punitive damages, serious penalties for frivolous lawsuits...