Word: taxingly
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...proposal to slap a 5% tax on wrinkle fillers, Botox shots, breast implants and other elective cosmetic medical procedures as part of President Obama's health care reform package is raising disapproving eyebrows among some groups. A coalition of plastic surgeons, a women's group, medical associations and pharmaceutical makers were distraught when Senate majority leader Harry Reid slipped the so-called Botax levy into the health care bill late last month in hopes of raising $5.8 billion over the next 10 years. The tax would apply to elective but not reconstructive plastic surgery and cosmetic procedures...
Call it the law of unintended consequences: according to a study released Monday by the National Bureau of Economic Research (NBER), tax reforms enacted in the last 30 years have led to messier homes...
...study, conducted by two Ivy League economists, looked at single women who had been coaxed into working outside the home by the Earned Income Tax Credit (EITC) and what activities they had cut back on when they started doing paid work. By examining time-allocation studies from 1975 to 2004, the researchers found that single mothers who joined the workforce reported spending the same amount of time with their children, and only a little less time on leisure activities or sleep. The women made up most of the time - more than two-thirds of it - by doing less work around...
...Mitchell. "There was a perception that these mothers were idle and it would be good to get them to be productive. Our study suggests they have traded one kind of productive activity for another." The EITC encouraged low-income women to enter the paid workforce partly by refunding the tax the women paid on their earnings as well as reducing the payroll tax for employers. When Gelber and Mitchell crunched the time-allocation numbers for single moms, they found that for every hour worked outside the home in response to lower taxes, time spent on housework fell by about...
...Worked for 20 years in the oil and gas industry, most of it at Mosbacher Energy, where she was a software analyst. Also co-owned a bookstore and an income tax company...