Word: taxed
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Equally attractive is Kerry’s stance on domestic and economic issues. While the Karl Roves will surely try to paint Kerry as a ‘tax-and-spend liberal,’ his record in the Senate, and his plan for a tax policy that keeps costs low for working families, shows that he understands the pressures that face America’s middle class more than any other candidate in the race. Repealing Bush’s tax cuts for the wealthiest Americans is a necessary and progressive step towards fiscal responsibility; keeping them in place...
...were alarmed by Bush's juggernaut, they were appalled at the Washington Democrats, who just lay down in front of it. Ted Kennedy compromised on school testing to help pass Bush's education bill, only to see the promised extra funding disappear. Rather than try to block the Bush tax cuts, Democrats focused on reducing their size. Just as Republicans could not stop Clinton from appropriating fiscal responsibility and crime fighting as Democratic issues, Democrats could not stop Bush from claiming victory on prescription drugs, immigration and the Homeland Security Department--a department that was first proposed by Democrats...
...from one variable annuity to another. The firm denies the allegation, but sales of variable annuities--mutual funds with insurance contracts--have been eyed by regulators for years. One reason: high fees, often north of 2% of assets annually. Before you buy, experts say, you should fund less costly tax-advantaged accounts, such as 401(k)s. Ask about surrender charges, which can run up to 7% for cashing out early. And make sure you need the features you're paying for. --By Barbara Kiviat
...DRINK LIQUIDS Just because it's winter doesn't mean you don't sweat--or breathe out a lot of moisture. If you're outdoors for more than an hour, take water or a sports drink with you. Avoid caffeine which, besides being a diuretic, will tax your already stressed-out cardiovascular systemand alcohol, which opens up the blood vessels in your limbs, causing you to lose heat from your core...
This shift could start any day. Clearly, by April investors will realize what a sweet deal dividends are. Roughly $3.7 trillion of the S&P 500's $10.3 trillion market value is held by individuals in taxable accounts. These shareholders will reap tax savings of $13.6 billion this year. Some, and maybe even much, of that windfall will be reinvested in dividend-paying stocks. Meanwhile, the sheer size of the savings--it equals the total amount of child-credit checks the government issued last summer to stimulate the economy--will call attention to dividends...