Word: roth
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...limits) that make the measure sound more like one of Bill Clinton?s than Newt Gingrich?s. And that?s exactly why maybe ? just maybe ? some of this begging-to-be-vetoed bill might survive the summer. "The fact that it has so many of the earmarks of William Roth?s (R-Del) Senate version means there is some possibility of splitting the difference with Clinton," says TIME White House correspondent Jay Branegan. "But first they?re going to go home and see if they can sell it, and get some leverage from the voters...
...Compromise or confrontation? William Roth?s Senate plan takes small, negotiable bites: Reduce the 15 percent tax bracket to 14 percent and expand that bracket; ease the "marriage penalty," reduce estate taxes and increase contribution limits for IRAs. The House proposal is uncompromising swordplay -- cut the capital-gains tax and slash income taxes, across the board, by 10 percent. "It?s up to the Republican caucus what they want to do now about a final bill," says Branegan. "If they decide to try to attract some Democratic support, it?ll look more like the Roth plan. If they want...
...Onstage you used to look for hot girls in the audience and get your stage manager to bring them backstage. That's so David Lee Roth...
Earlier this year came Melissa Roth's On the Loose, a sort of slapdash anthropology of real-life dating women on both coasts. The book was meant to show that not every woman is marriage hungry, that singledom can amount to a grand old time in its own right. Recent months have also brought three books by conservative social critics, notably Wendy Shalit, arguing that no, professional pursuit and sexual gallivanting aren't good for women at all. In fact, such endeavors leave women flummoxed, dissatisfied and dead--if not in a literal Looking for Mr. Goodbar sense, then...
...ROTH ALERT Taxpayers who converted from a traditional to a Roth IRA last year may need to switch back--and fast. Some people who shifted to the new, tax-free retirement accounts then had the good fortune to earn more than $100,000 in 1998--which means they don't qualify for a Roth. Now, if they don't reverse course and file an amended 1998 return by April 15, their account will be taxed, and they'll also possibly face a 10% penalty for early withdrawal...