Word: taxed
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...past 25 years, the black middle class has grown exponentially in the South--which is another reason black voters no longer need ministers to put up stained-glass voting instructions. Black churches have also turned down their political megaphones since they saw that the Christian Coalition lost its tax-exempt status in 1999 as a result of its political activities. In any case, younger African Americans are less likely to be in church--and less likely to automatically vote Democratic. "Older voters view it as a sacred responsibility to vote. They're closer to the civil-rights movement," says Democratic...
...care and others almost none, why some can afford college but for others it has been priced out of reach, and why the wage gap between rich and poor has started growing again. In 1992 the 400 individuals and families with the highest income in the U.S., according to tax returns filed with the IRS, received on average $12.3 million in "salaries and wages."By 2000, the latest year available, that figure had more than doubled, to $29 million...
...produced in foreign countries with minimal FDA oversight and then shipped to the U.S. In 2002 pharmaceutical imports to the U.S. totaled $40.7 billion, a nearly fivefold increase from $8.7 billion in 1995. Seventeen of the 20 largest drug companies worldwide now make drugs in Ireland, largely because of tax incentives. Pfizer's Lipitor for cholesterol, the largest-selling drug in the world, is made in Ireland. So too is Viagra, for erectile dysfunction. AstraZeneca's Nexium, for heartburn and acid reflux, comes from Sweden, France and other countries. TAP Pharmaceutical Products' Prevacid, another brand prescribed for heartburn and acid...
Partly because of extraordinarily generous tax breaks but mostly because of high prices guaranteed by Congress, the U.S. pharmaceutical industry, year in and year out, ranks as the country's richest. Pfizer, which for 2002 reported profits of $9.1 billion on revenue of $32.4 billion, earned a return on revenue of 28%, a rate more than twice that of General Electric, nine times that of Wal-Mart and 31 times that of General Motors. To be sure, the pharmaceutical industry insists it needs the higher prices to pay its hefty research and development tab. (The industry spends tens of millions...
...each--the most money the channel had ever spent on a series. The only reason VH1 could afford it was that the station hired Canadian animators and a Canadian supporting actor, which brought in Canadian government funding in what may be the most wasteful use of Canadian tax dollars since the country went bilingual...