Word: taxingly
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Dates: during 1990-1999
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...only gotten worse for ordinary joes like me since the House and Senate bills were combined. Under the Senate bill sponsored by William Roth (who brought us the laudable Roth IRA), the middle 60 percent of American families, who pay a third of all taxes, would have gotten 33 percent of the tax breaks. Now they?re getting 21 percent. Roth had the top 20 percent of incomes, who pay two-thirds of the taxes, slated for 66 percent; now they?re getting 79 percent of the breaks. Yes, Denny Hastert, the rich pay more taxes than the rest...
...want a tax cut? The Republicans tell me their compromise combo platter, currently ambling toward a White House veto, is just what I?ve been dreaming about at night: a 1 percent reduction in income taxes and less taxes on what I?m saving for retirement. And the slashing of capital gains taxes and the so-called marriage penalty, well, I?m sure they?d come in handy if I had a stock portfolio and a wife (someday!). So what?s not to like...
...First of all, it ain?t that much, not for most of us. Those nice accountants at Deloitte & Touche calculate that a couple with two children under 17 and an income of $50,000 -? that?s about average -- would receive an annual tax cut of $265. One car payment, maybe. As the late, great Chris Farley used to say, whoop-de-freakin...
...countless Clinton speeches about irresponsible "instant gratification" on the Republican side and safe, sane saving for the future by your friends at the White House.) Clinton keeps saying only he can save Medicare and Social Security; the Republicans say they can save the sacred cows and pay for a tax cut, and still keep the debt shrinking and the budget balanced. And here?s where it gets complicated, if not surprising: Both sides are fibbing...
...about the Kremlin ? it hasn?t lost its sense of humor. Just when you thought Russia?s economy was down the toilet, the government on Thursday announced a $51 million budget surplus. Yes, surplus. That bit of statistical good news ? which the government attributes to more efficient tax collection ? happened to coincide, as good news usually does, with decisions by the IMF and other creditors to extend a little leeway on debt repayment. "Different ministries are already quarreling about how real the surplus is because the budget was calculated at a much higher ruble-to-dollar rate," says TIME Moscow...