Word: taxed
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...table," said an aide who had heard from both camps. "These guys are going to slaughter each other." What's left of the G.O.P. leadership, already beset by a raft of other political problems, was trying to figure out how to salvage the ambitious legislative agenda of more tax cuts, hurricane help and gas-price relief that they want to carry them to next year's midterm elections--a more difficult challenge with the sidelining of the man who had so determinedly pulled off many of their close victories...
...hurricane laid bare that poverty is abundant in our country. When we have children of our own, will we do what our parents could not? Will we change the tax structures and other policies that under-fund school districts in the poorest areas of the country? Will we allow our kids to be bused in an effort to desegregate our nation’s schools and force education to become everybody’s problem? Asking parents to sacrifice, in effect, the advantage their children currently have is a difficult task, but if we truly believe in equal rights...
Remedies for rural poverty are difficult to come by. Towns and counties often do not have the tax base to create wide- ranging programs and initiatives. Recently, states have been in financial trouble—money is tight, so rural poverty is not at the top of states’ budget priority lists. Some states, including my home state of North Carolina, have even hit rural areas with sales tax increases and funding cuts. In Washington, lawmakers sing their own praises, claiming they are the champions of rural America by passing an occasional agriculture subsidy that does little to help...
They have among the highest tax rates and most generous welfare systems in the developed world, but when it comes to international competitiveness, there's no beating Scandinavian countries. That's the conclusion of this year's annual global competitiveness survey by the World Economic Forum, which ranks countries according to economic dynamism, the quality of public institutions and technological prowess. Finland once again topped the list (ahead of the U.S.), with Sweden in third place, Denmark at No. 4, Iceland No. 7 and Norway No. 9. "There is no evidence that [high tax rates] are undermining the level...
Swensen We found that the after-tax shortfall of actively managed funds compared to an index was 2.8% per year over 20 years. Put another way: your chance of picking a managed fund that will beat an index is less than 1 in 7--and that doesn't factor in sales commissions...