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...thought about Pete last week--he is now a deputy to Karl Rove--and wondered how he felt about the disgraceful wasteland that Bush's social policy has become. (Sadly, Pete didn't answer my call.) The tax cut, for example, is actually a double hit on poor children. In addition to the child tax credit fiasco, there is a potentially devastating impact on tax-free municipal bonds, which are used to finance major construction projects. Cities will have to offer higher interest rates to compete with private bonds now that all dividends are taxed at only 15%. That will...

Author: /time Magazine | Title: Blessed Are the Poor--They Don't Get Tax Cuts | 6/9/2003 | See Source »

...will pound his desk with frustration as he tells you how obscenely sensitive it is: a hunk of metal whirring around at 10,000 r.p.m. that dies if you drop it from 5 ft. The more we store on them--these days, everything from tax records to baby pictures--the more painful their death...

Author: /time Magazine | Title: Fried Your Drive? | 6/9/2003 | See Source »

...Zhou Zhengyi 2002's 11th richest mainlander, according to Forbes magazine, Zhou was the first in Shanghai to own a Ferrari. He and wife Mao Yuping stand accused of loan and stock fraud and tax evasion...

Author: /time Magazine | Title: Living Too Large? | 6/9/2003 | See Source »

...Xiaoqing Detained for tax fraud, the former movie star is now doing time in a detention center...

Author: /time Magazine | Title: Living Too Large? | 6/9/2003 | See Source »

...Zhenghui The former president of a Hong Kong-listed mobile-phone distributor was accused of falsifying tax receipts. Arrested in January for failing to pay almost $25 million in taxes...

Author: /time Magazine | Title: Living Too Large? | 6/9/2003 | See Source »

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