Word: taxed
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...need to cut the rate of growth of those programs," Bolten said. No amount of tax increases or spending cuts in the regular budget would be enough to cover the looming costs of baby-boomer retirees, he said. "Medicare must be put on a path toward a more market-oriented system," Bolten said. "We're ultimately going to have to look at whether the system needs to be more means-tested," referring to differences in benefits depending on income...
When Reagan and President George H.W. Bush saw their deficits spinning out of control, they both raised taxes. But this President has adamantly refused to rescind any of his tax cuts. He wants to make permanent many cuts that are due to expire--such as the estate tax and the 15% rate on capital gains...
Democrats and many economists feel that that's a guarantee of more deficits. But Bush insists that failure to extend tax cuts--which he calls a tax increase--won't cure the deficit because it will slow down a fragile economy. "In my judgment," Bush told a crowd of business people at a moving-van lot in northern Virginia last week, "the best way to solve the deficit is to grow the economy--not run up your taxes." But the reality is that with the help of his tax cuts, Bush has already piled on more than a trillion dollars...
CLOSED. The independent-counsel investigation into possible tax violations by HENRY CISNEROS, 58, Housing and Urban Development Secretary under President Clinton; after 10 years, making it the longest independent-counsel probe in U.S. history; in Washington. Begun after Cisneros' ex-mistress alleged he had lied to the FBI about money he had given her, the inquiry continued even though Cisneros pleaded guilty in 1999 to the misdemeanor of making false statements to the bureau. It finally ended with the release of David Barrett's 474-page report, in which the prosecutor says a cover-up by Clinton-era officials prevented...
...basic case is this: 529s let you invest money without having Uncle Sam reach in each year and tax your earnings. Thanks to the magic of compounding, a yearly investment of $3,000 that grows, say, 7% annually, to $38,632 after 10 years, could grow tax free to $44,351, according to Robert Matricardi at T. Rowe Price. (You also don't get taxed when you spend the money, though that little bonus will run out at the end of 2010 unless Congress extends...