Word: wealthiest
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Bush's tax cut will benefit relatively few Americans. Its main components, the elimination of the estate tax and a cut in marginal income tax rates, send the vast majority of the savings to the wealthy. Only the wealthiest 2 percent of estates pay the estate tax, meaning that most Americans will see no benefit at all from this reduction...
...families now pay more in payroll taxes, the 15-percent tax that funds Social Security, than they do in income taxes. Yet Bush's plan gives no relief from the payroll tax. In other words, Bush focuses his plan away from lower- and middle-income individuals and towards the wealthiest 1 percent of Americans, as former Vice President Al Gore '69 noted during the campaign...
...dealer and parked it outside the Capitol, near a dented muffler. Bush gives millionaires "a $46,000 tax cut, more than enough to pay for this Lexus," Daschle said. "But if you're a typical working person, you get $227. And that's enough to buy this muffler." The wealthiest 1 percent of Americans, by his calculations, would reap 43 perent of the Bush tax cut, while families making less than $39,300 would get just 12 percent...
...imbalance, in part, is that the FARC is estimated to earn some $700 million a year from selling protection to the narcotics industry in zones under its control - and that, together with their supplementary income from the hundreds of kidnappings they undertake each year, makes them the wealthiest and best-equipped leftist guerrilla movement in history...
...York Yankees may be "World Champions," but they're not quite a global household name - at least not when compared with mighty Manchester United, the marquee name of British football and the world's wealthiest and most storied soccer team. To close the gap, the Bronx Bombers have signed a deal with the Red Devils that will allow them to package both teams as a bundle to sponsors, broadcasters and merchandisers. TIME business editor Bill Saporito parses the deal...