Word: taxed
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...city. But by the time I hit my teens in the late '70s, New Orleans was hardening, and so was my father's attitude toward it. Crime was rising, white citizens were fleeing, conditions deteriorated in the public schools and hospitals, garbage littered the streets and the economy and tax base were beginning to falter. Our family trips became far less frequent, limited to the pursuit of necessities that couldn't be obtained in suburban shopping malls, medical appointments at the downtown offices of specialists and our annual trek to the Superdome for the Bayou Classic football game. When asked...
...tonight he did not seem likely to either punch the air or appear too pleased with himself. Months of huddling with officials in preparing his 11th Budget had given Costello a pallid face. He looked in need of a decent night's sleep. His head was full of new tax scales, growth projections and spending measures. But ignore the facial puffiness and creases, for his lively eyes told the real story. Here was a happy fellow. The tax-cut man cometh...
...Costello had announced immense tax cuts in the past, such as those worth $A12 billion a year accompanying the introduction of the Goods and Services Tax in July 2000. And there had been modest tax cuts and increased family payments aimed at low earners in recent years. Now it's the turn of the top end-and those who one day aspire to be like them. At the start of the decade, the 47 cent tax rate kicked in at an annual income over $A50,000; from this July, the rate will be 45 cents and the income threshold will...
...Even though there's likely to be another Budget before an election (due in late 2007), the Howard government has decided to cut taxes early and hope that there's even more money to entice voters next time (probably the so-called Battlers, who don't pay any tax when you apply a broad definition). The thinking is that money in the pockets of mortgage belt-families is needed right now. Petrol prices are high (by the standards to which Australians see as their birth right) and are not expected to ease for some time. The Reserve Bank's move...
...does; no one can match his ingenuity in figuring out what to do with it. When Megalogenis describes the rise of the McMansion, for instance, you get acute social observation, street-cred cultural criticism, political nous, personal anecdote, ethnic punditry and a savvy dissection of changes in capital gains tax. There's a sense that Megalogenis-a former Canberra Press Gallery fixture who's never lost touch with the pulse of life in the suburbs-remembers everything and wastes nothing. It shows in his revealing interrogations of the two big-picture fellas...