Word: taxed
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...recently admitted that his wife had been driving his city-owned car—on a suspended license of her own, no less—when she crashed it before using the city’s tax money for the repairs...
Several professors and economists have called on Mankiw to explain what they see as his changing views on tax cuts from before he began advising President George W. Bush to when he served as Bush’s top economic advisor...
...That's the real trouble: no one has. From its endangered pension system to its emerging young underclass, Japan faces existential challenges, but you wouldn't know that from the tone of the campaigns. Real debates-such as whether to raise the consumption tax to reduce public debt-are postponed until after the election, while the media feeds on the latest political scandal. "It's like the campaign is happening on another planet," says Akihiko Matsutani, a pension expert with GRIPS. "These discussions need to take place...
...supply of shares could push prices down. As far as the authorities are concerned, a bit of a correction is probably welcome. But they don't want a bust. When the Shanghai Composite Index plunged 8.8% in February after analysts warned Beijing was about to impose a capital-gains tax, the government quickly backed off. Stocks resumed their rise, but dangers remain. As tech investors learned in 1999, corrections have a way of becoming something worse-and $52 billion plunked into IPOs can become a lot less in a hurry...
...Crist's conservative predecessor, Jeb Bush, the President's younger brother, championed the former and opposed the latter. Still, the car is king in Florida to a greater degree than it is even in California; and the peninsula is scattered with dead initiatives to curb its use, especially local tax efforts to improve the state's virtually nonexistent public transportation. But Crist, whose optimism is as bright as his tan, isn't worried. "Floridians love their cars, and that's their right," he says. "But I think there may be less of a fight here than we might imagine. There...