Word: taxed
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...ones. But still, according to the Oppenheimer report, "the demand side of the equation is less than impressive." Nearly a third of existing-home sales are currently to first-time homebuyers - a wildly disproportionate amount. What happens to those buyers once the $8,000 first-time homebuyer tax credit evaporates at the end of this year? Even with home prices a steal in many parts of the country, whether demand will hold up - especially with the countervailing force of tighter credit - is a real question mark. (Read: "Home Sales Perk Up, but Expensive Houses Languish...
...charges included conspiracy, securities fraud, investment-adviser fraud, falsification of books, mail fraud, wire fraud, international money-laundering, perjury and federal income tax invasion. Prosecutors are looking for $170 billion in forfeiture from Madoff's former right-hand...
...Conscripts have the right to ask for civilian service in place of military service, but this choice has to be one of a conscientious objector, and is voted upon by committee. Those who are found physically or psychologically unfit for service are required to pay an extra 3 percent tax and perform some other civic service, such as fire department duty...
...cringe, at least a little. The government's record at pay regulation is not encouraging. The wage and price controls of the Nixon era were quickly abandoned as unworkable. A 1993 attempt by Congress and the Clinton Administration to rein in executive pay by not allowing corporations a tax deduction on executive salaries above $1 million turned out to be an object lesson in unintended consequences. Because it exempted performance-based pay, the new limit accelerated an already-in-the-works shift toward using stock options as the main piece of executive compensation. Far from being reined in, executive...
...long as we're talking about ham-handed measures, we might also want to consider the most ham-handed pay regulation of all - progressive income taxes. It cannot be entirely coincidental that the great explosion in executive and Wall Street pay began about the same time that Washington was slashing taxes on the highest earners. The top federal marginal rate plummeted from 70% in 1980 to 28% in 1988. (It's now 35%.) Some CEOs who are critical of the compensation status quo but who don't want government telling them how to pay people point to taxes...