Word: taxed
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...earned capital in the campaign, political capital, and now I intend to spend it,” said President George W. Bush last week after he won his second term. Since his tight victory last Tuesday, he has set out a domestic policy agenda that includes rewriting the tax code and privatizing social security—issues that were not paraded as the centerpiece of his campaign. Although Bush won by a margin of 3 million popular votes, his re-election was in a large part due to the huge turnout among evangelical Christians who were brought to the polls...
...entirely clear how Bush intends to change the tax code, as he did not talk about this extensively on the campaign trail. According to his advisers, he will appoint a bipartisan commission by the end of the year to explore ideas such as a single-rate flat tax and a national sales tax. It is worrisome that one of the first issues that Bush has began talking about after winning the election is one to which he gave so little attention during his campaign...
...feels that he has a mandate to pursue highly controversial issues that were not fully discussed at the national level. People voted overwhelmingly for Bush because he seemed to have strong moral convictions and a tough stance on terror, not because they necessarily agreed with his positions on the tax code and social security. These issues were marginalized during the campaigns and the debates, which focused on health care, education, the war on terror, social issues and Iraq. Bush must reach across party lines and begin bridging the gap between the left and the right before he begins implementing what...
...lesson for investors--even conservative income investors--is clear. By grounding your portfolio in dividend-paying stocks, over time you can enjoy the same regular payments that coupon-clipping bonds deliver with the dramatic upside of potential capital appreciation. The kicker: with most dividends now taxed at just 15%, many investors can get better after-tax returns from stocks than from bond yields, which continue to be taxed at personal-income rates as high as 35%. The number of firms paying dividends--376 of the S&P 500--has risen for the second year in a row after more than...
...runner's high? Davis pays his U.S. factory workers an average wage of $12 an hour, plus benefits, compared with 40 an hour for a worker in mainland China, where 76% of U.S. athletic footwear originates. The tax breaks Congress just passed for U.S. companies to keep manufacturing jobs at home amount to chump change given that gap. Overall, the U.S. footwear industry has shed nearly 200,000 jobs since the early 1970s, leaving fewer than 21,000. More to the point: What teenager clamoring for Air Jordans really cares where the shoe is stitched...