Word: taxed
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...Works Out of an 18.5% payroll tax, shared by employees and employers, 2.5 percentage points are diverted to private accounts. Workers have 633 funds to choose from, including a default for people who don't indicate a preference. Withdrawals can begin...
...Works Essentially a mandatory national savings program, the Central Provident Fund uses a hefty payroll tax, 33%, to fund retirement, medical expenses, education and housing. Workers can withdraw retirement savings at 55 after they have saved a certain amount. They can draw against the other accounts as they wish...
...mogul Russell Simmons, one of America's foremost arbiters of cool, has dabbled in records and clothing, comedy and cell phones. So, what's next for rap's first large-scale entrepreneur? Taxes, naturally. Simmons, ceo of the sprawling Rush Communications hip-hop empire, has partnered with Intuit, owner of the TurboTax software program, to launch TTrefund.com a website geared toward tax filers ages 18 to 24. The TurboTax system guides young e-filers through the intimidating tax terrain and lets them deposit any refund directly into a checking account or Rush Card, a Simmons-branded prepaid Visa debit card...
...impressed. Airbus has got ahead, the company contends, because of unfair advantages--those launch-aid loans, to the tune of some $15 billion over the past 30 years. Airbus' retort: it will give up its state support if Boeing--the U.S.'s second largest defense contractor--forgoes its tax breaks and R&D support. In fiscal 2003, the E.U. estimates, total U.S. government support for Boeing R&D was $2.74 billion, representing 11.9% of the company's profits. That argument has stung Boeing, especially since it is involved in investigations of illegal or unethical behavior in its relationship with...
...Harvard researchers showed that the price of cigarettes in New York is comparable to prices in other states and that tobacco tax revenue since the introduction of RIP cigarettes has remained about constant...