Word: taxingly
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Dates: during 1990-1999
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WASHINGTON: Millions of middle-class Americans could end up paying more to Uncle Sam in the next 10 years, thanks to an obscure provision of the tax code known as the Alternative Minimum Tax. Families of four with incomes of $58,300 in 1996 tax dollars will be hardest hit. Ironically, the AMT was designed to close loopholes for the very rich. What can you do about it? Money Daily reports that lawmakers decided not to tackle the worsening situation because the media and taxpayer groups have not been vocal about it. So you may want to stop browsing...
...trying to broaden its appeal beyond its Republican Party base, and is testing a shift from the right to the center with today's announcement of a more "moderate" moral platform. But TIME's Richard Ostling is cautious about reading too much into the agenda ? which focuses on tax cuts, economic "empowerment zones" and religious freedom for all ? because the Coalition's new leadership is still trying to figure out whether moving to the center will harmonize a polarized electorate. "There is a very serious social divide between people who are religiously engaged and people who don't care about...
...Wall Street acquaintance I'll call Martin J. Kashfleau, whose life sometimes seems dominated by what he refers to as "tax implications," has worried all summer about how he can take advantage of more than just the capital-gains provision of the tax-reduction package. So far, he's worked out a plan to adopt both his Aunt Hilda and the gardener as a way of getting the full tax credit for children, but he's terribly concerned about whether the way the law is written makes it more sensible for him to stay alive for another 10 years, until...
DIED. NORMAN B. TURE, 73, evangelist of supply-side economics and considered the principal architect of Reagan's 1981 tax cut, the largest in U.S. history; of pancreatic cancer; in Alexandria...
...Department has enlisted none other than bad-boy actor CHARLIE SHEEN to lend encouragement in a series of public-service ads at its www.heroes.net Website. "Are you the next hero?" asks Sheen, whose unheroic scrapes with the law have included serving as a prosecution witness in the HEIDI FLEISS tax-evasion case (Sheen admitted spending more than $50,000 on "sexual services" arranged by Fleiss) as well as making a more recent court appearance in which he pleaded no contest to charges he attacked his former girlfriend...