Word: trustfulness
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Dates: during 1990-1999
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With tax-cut fever running high, you may be surprised to learn that two popular estate-planning goodies could disappear as early as this fall. For most it won't matter because the $625,000 lifetime exclusion ($1.25 million if married with a bypass trust) and the ability to give as gifts as much as $10,000 per person per year provide adequate shelter from estate-tax rates that can rise to an onerous 55%. But if the bull market has swelled your estate to $1.5 million or more, consider these tax breaks now--before they vanish...
...think you have to worry about it. For some reason, I trust the pilots...
...officials' earnings. This has been an annual event (as have citizens' disbelieving snickers) since last spring, when, during a seasonal campaign against corruption, Yeltsin decreed that all government officials should declare their incomes and holdings. Intended to increase transparency at the highest levels of power and build public trust, the decree had the opposite effect. Nearly all the declared incomes were absurd. The oil-and-media tycoon BORIS BEREZOVSKY, then deputy secretary of the Security Council, put his net worth at $38,500. And just how transparent is Yeltsin being? Last year he explained that his income was modest (largely...
...spends little time thinking about politics. When pressed about the reforming Premier Zhu Rongji, she says only, "People around me say he will make China stronger." Her real concern is the slump in tourism from Asia's economic crisis. "But tomorrow will be better," she says cheerfully. "I trust in China...
Rumor: Giuliani has secreted himself and a few trusted aides in a $15 billion fortified bunker deep beneath Central Park, defended by a corps of specially trained killer moles, which can spot and, with their frighteningly large incisors, quickly disembowel any enemies of the city attempting to infiltrate the deliberately darkened access tunnel. Fact: The mayor has sensibly proposed building an emergency control center for merely $15 million in the World Trade Center. Should any danger--be it a raid by crazed fundamentalist bioterrorists, a stock-market crash or a strike of rollerblading dog walkers--threaten New York, the mayor...