Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...selfishness to blame? In truth, the 1988 legislation was badly flawed, albeit well-intentioned. Reflecting the read-my-lips era, Congress mistakenly insisted that catastrophic insurance had to be self-financing, with none of the subsidy coming from general tax revenues. Small wonder that the most prosperous Medicare recipients, largely protected by private health insurance, rebelled against being singled out to aid the less fortunate. That responsibility should rest with all taxpayers. Despite the phony fixation on fiscal gimmicks, broad-based taxation remains the fairest way to fund federal programs. It is a principle that Congress and the White House...
...likely to spend time behind bars. Potter had earlier meted out a tough eight years in prison and a $200,000 fine to former Bakker aide Richard Dortch, even though Dortch testified for the prosecution. Two other staffers who provided evidence drew draconian prison terms for tax evasion...
...great savers, squirreling away 15% of income, much of it in government securities. Fully 97% of the national debt is funded domestically, and nearly two-thirds of the negotiable state debt is in the hands of individuals. This mode of saving doubtless owes something to exchange controls and preferential tax treatment, but Italians have been willing buyers of state paper, thus absorbing the burgeoning debt. In this situation, rises in interest rates have the perverse effect of stimulating consumption by putting more money into people's pockets. Moreover, another part of the government's deficit spending directly helps private business...
Benign as the experience has been so far in this fiscal wonderland, the present Italian government is determined to blow the whistle. Prime Minister Giulio Andreotti has framed a budget strategy that aims at balancing the books by 1993 through a combination of tax increases and spending cuts. Similar targets have been set and missed before, but this time a new sense of urgency comes from the danger that Italians may start sending their savings abroad when capital movements in the European Community are freed next year. Bank of Italy Governor Carlo Ciampi warns that "a change in the handling...
...intellect and his senses. There is no straining for effect; moments reveal their natural poetry. How, for example, does one know the time to pack up a family picnic and head for home? "When it was too dark to tell red wine from white." When Gage describes the bread tax that early immigrants levied to support their new churches, one can taste the crust. His father's humiliations are palpable. So is his pride when his son receives an award from John F. Kennedy at the White House...