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...Buffett advise on economic development lends intellectual ballast to the campaign. But it did little to reassure conservative Republicans, whose votes could well be split by other candidates in the race. Buffett has donated primarily to Democrats--including Hillary Clinton--in the past and has criticized President Bush's tax cuts as a handout for the rich. In an interview with the Wall Street Journal last week, Buffett committed nothing short of heresy by suggesting that California's property taxes, rolled back under 1978's iconic Proposition 13, should be higher...

Author: /time Magazine | Title: Arnie's Army: Now He Must Prove He Has Ideas | 8/25/2003 | See Source »

...what, precisely, would Schwarzenomics look like? Those who have talked to the actor say he has assured them that he adamantly opposes tax hikes. Economist Art Laffer--famous for a cocktail-napkin scribbling that became the basis for supply-side economics--is one of those whose advice the actor has sought. Laffer says Schwarzenegger told him, "I am the tax terminator." Although Laffer, a flat-tax advocate, has not formally joined the team, he may be asked to develop ideas for long-term tax reform. Others being consulted include former presidential candidate Steve Forbes and Michael Boskin, the Stanford University...

Author: /time Magazine | Title: Arnie's Army: Now He Must Prove He Has Ideas | 8/25/2003 | See Source »

...Amount of federal tax paid in the past two years by Arianna Huffington, political commentator and California gubernatorial candidate who frequently rails against corporate "fat cats...

Author: /time Magazine | Title: Numbers: Aug. 25, 2003 | 8/25/2003 | See Source »

Want to take advantage of the lower tax rate on stock dividends but don't know what stocks to buy? Mutual-fund firms have created a batch of new funds focused on dividend-paying companies. Fund tracker Morningstar Inc. estimates that a dozen or so such funds, among them Schwab Dividend Equity Fund and Waddell & Reed Advisors Dividend Income Fund, either recently opened or are set to open. These so-called equity income funds, which pay returns to investors through both dividends and (it is hoped) share-price appreciation, have been around for years, although the investment style was eclipsed...

Author: /time Magazine | Title: Money: Cashing In On The Dividend-Tax Cut | 8/25/2003 | See Source »

Angel investors are essentially venture capitalists--their investment will either pay off big in the long run or lead to the kind of tax deduction no one ever wants (as in flop). The main difference is that angel investors provide seed money, usually on the basis of a business plan. Venture capitalists have provided such funding in the past but are now so large that they will not get involved until an operation is up and running and seeking to get to the next level...

Author: /time Magazine | Title: Investing: How to Be an Angel | 8/25/2003 | See Source »

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