Word: taxed
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...Raising payroll taxes Bush says he has ruled out a tax hike, but it forms a key part of other proposals. Some would simply raise the payroll tax rate, set at 12.4%, but critics argue that would disproportionately affect working-class and middle-class families. Others, including Peter Diamond of M.I.T. and Peter Orszag of the Brookings Institution, want to raise the ceiling on taxable income. Today only the first $90,000 of income is subject to payroll tax. Such a change would generate more revenue for Social Security but affect only 6% of the work force...
...government gets the billions it needs for its programs. For the White House, having Thomas at odds with the President means not just gaining an opponent but also losing a vital ally, one who in the first Bush term earned the moniker "the Mailman" for helping deliver three tax cuts and the Medicare prescription-drug benefit...
...time President Bush and Congress take their cue from the American people and examine their priorities in spending our tax dollars. We have spent $130 billion on the war in Iraq and only $350 million for tsunami disaster relief. That is shameful...
CHARGED. RICHARD HATCH, 43, charmingly Machiavellian, often naked winner of the first Survivor, CBS's hit reality show; with tax evasion, in which he allegedly failed to report earnings, including his $1 million winnings from the show; in Providence, R.I. Though he could receive 10 years in jail, the U.S. Attorney's office said it would recommend a lesser sentence as part of a deal in which Hatch agreed to plead guilty...
...EXTRADITED. HOLGER PFAHLS, 62, former German Deputy Defense Minister accused of corruption and tax evasion, to Augsburg, Germany; in Paris. Ending five years on the run, Pfahls was returned to Germany after French police captured him in Paris last July. He is accused of accepting $2.59 million in bribes from an arms dealer and funneling the money to the then-ruling Christian Democratic Party. Pfahls, who fought extradition unsuccessfully in the French courts, is believed to have lived in Hong Kong, Jakarta, Madrid and Montreal since the issue of an international arrest warrant...