Word: taxed
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...best cover you've run in years--a man we can trust to tell it "like it really is." We little ol' unimportant taxpayers with no tax loopholes are just looking for accountability and transparency in the government, as we were promised and as we expect from the people who serve us. Glenn Beck for TIME's Person of the Year...
...alarm clocks, when they go off, to mention going to the gym. I think there should be limits on when you can sue, a ban on guns not used for hunting, parenting licenses enforced by social-services visits, more obstacles to post-first-trimester abortions and a European-size tax on gasoline. Soda should be sold in containers no bigger than 8 oz. People should pay for their garbage by weight. And their plane tickets...
...welfare. Corporations get it. Farmers get it. Even poor people get it. But no other interest group makes out quite the way homeowners do. They - or we, I should say, for I'm a homeowner too - are at the receiving end of a truly staggering array of subsidies and tax breaks. Putting an exact price tag on all of them is impossible, but the value is clearly in the hundreds of billions of dollars a year...
...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...these accounts amount to much? Munnell found a number of reasons. Some people don't contribute as much as they should - essentially ignoring free money from company matches and tax relief. And, as the original engineers of the 401(k) suspected, the less you earn, the less you are likely or able to contribute. For most employees, the maximum contribution to a 401(k) is $16,000 annually. She found that just 5% of people earning $80,000 to $100,000 maxed out, compared with 30% of those making $100,000 or more...