Word: taxed
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...529s are generally a good deal, letting investment earnings grow and be spent, free of federal tax, for undergraduate or graduate tuition, room and board or books and supplies. But with so much money flowing into 529s, the market has been flooded with more than 80 programs. How to select the right one for your needs? Some guidelines...
...LOOK AT YOUR STATE'S PLANS FIRST 529s often give state-tax breaks to residents. A handful of states--Illinois, Pennsylvania, Tennessee--exempt only their own plans from state tax...
...CONSIDER A COVERDELL ACCOUNT TOO It gives the same federal-tax breaks and entry into almost any mutual fund without an added layer of fees, though you can put away only $2,000 a year and wealthy contributors are excluded. --By Barbara Kiviat...
...Europe. Interest rates are the lowest in a half-century, helping businesses finance investment. And there's even some credit due to Chancellor Gerhard Schröder - a leader who has seen precious little of that recently. Schröder's government brought forward a planned €15.5 billion tax cut from 2005 to January 2004; economists expect it will create a "wealth effect" that many assume will stimulate the economy. RWI is forecasting 1.8% economic growth in 2004, with about a third of that increase due to the tax cut. In contrast, this year's gdp is expected...
...After a hidden camera caught President Roh Moo Hyun's personal secretary Yang Gil Seung on June 28 at the Kiss Super Night Club south of Seoul, major newspapers and networks reported that the club's owner, under investigation for tax evasion and pimping, asked Yang to block the police probe. The President was furious?at the media. "The unjust oppression by the press must not be tolerated," he told government officials earlier this month. On Aug. 13, Roh sued South Korea's three biggest dailies for reporting an allegation by an opposition lawmaker that Roh bought land under...