Word: taxed
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...tax on junk foods? A ban on advertising to tots? A national nutrition campaign advising us all to eat less? Could any of this actually happen? In the days when the Marlboro Man was riding high on the airwaves, Brownell points out, no one thought you could ban cigarette ads. "I don't know at what point the country will be so desperate," says Nestle, but she thinks that point is approaching fast. "If you're a family that has kids with Type 2 diabetes, your life is not going to be pretty," she says. "Nobody has a clue...
...your waistline. President Bush earmarked $125 million in his budget for the encouragement of healthy lifestyles. State legislatures and school boards have begun banning snacks and soda from school campuses and vending machines. Several state legislators and Oakland, Calif., Mayor Jerry Brown, among others, have called for a "fat tax" on high-calorie foods. Congress is considering menu-labeling legislation that would force chain restaurants to list fat, sodium and calories for each item...
...several states bar health insurers from charging lower premiums to people who stay fit. That removes the financial incentive for making healthy decisions. Worse, socialized health care makes us troublingly tolerant of government trespasses on our personal freedom. If my neighbor's heart attack shows up on my tax bill, I'm more likely to support state regulation of what he eats--restrictions on what grocery stores can put on their shelves, for example, or what McDonald's can put between its sesame-seed buns...
...effort to diversify liability and attract new investors. In July the Treasury will auction new 20year TIPS and in October will follow up with a five-year note. You can buy TIPS from the Treasury directly (at treasurydirect.gov or through your broker. If possible, keep TIPS in a tax-sheltered account like a 401(k) or IRA. While TIPS are free from state and local taxes, you do get taxed each year at the federal level on semiannual interest payments and gain in principal, even though those amounts are automatically reinvested...
They went off to Iraq to drive trucks for Kellogg Brown & Root (KBR), hoping to score the ultimate jackpot--$80,000 tax-free for a year's work. Most were desperate to pay bills, to fix up houses, to send kids to college. For some, it was a patriotic duty. But in Iraq, wearing just a Kevlar jacket and helmet for safety, they found themselves in trucks with no armor, ferrying fuel to U.S. troops. They wielded hammers and cans of ravioli to defend themselves. And they came home with nightmares...