Word: taxingly
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Dates: during 1990-1999
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...relying on us." While it's unusual to meet techies who can even name a presidential candidate, it's rarer still to find people actively campaigning for a Republican. But the Valley's new rich are realizing their political clout, and Bush has gone after their pocketbook issues, like tax cuts and tort reform. It's working: though he has spent only two days in the Valley, Bush has raised more than $2 million there...
...time loser--inheriting an empty canister just as the campus cops show up. A similar fate awaits many mutual-fund investors this year. Redemptions from stock funds are running at the highest level in a decade, and those who stay put could wind up holding a big tax liability--essentially having been handed that spent fire extinguisher. Here's how it works. Mutual funds pay no income or capital-gains taxes so long as they pass on the gains and resulting tax liabilities to shareholders once a year, usually in November or December. Most investors never take a fund...
...money held in tax-deferred accounts like a 401(k), this isn't a big deal. But more than half of all stock-fund assets are in taxable accounts, where the annual distribution is a long-standing sore point. Fund managers can minimize the hit by cutting down on trades, but with this year's heavy redemptions, even tax-conscious managers can't avoid a deadly double whammy...
Part 1 of the whammy: heavy redemptions often force a fund manager to sell stocks and book gains that would otherwise be avoided, just so they can pay departing investors. Part 2: fewer remain to share the tax liability...
...POOR WON'T NOTICE Key supporter: TEXAS REPUBLICAN DICK ARMEY How it works: Cut from welfare and housing block grants, or delay paying poor working families billions in earned-income tax credits until next fiscal year. Small hitch: They'll notice...