Word: capped
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Dates: during 2000-2009
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Another of the production's great moments comes when Giugliano, adorably clad in a nightshirt and cap, makes very tidy work of dubbing Don Quixote knight, though he must do it three times in order to get it to Greene's satisfaction...
While just about every taxable estate stands to benefit if the so-called death tax gets buried, the rub of additional capital- gains tax is no trifle. Don't worry. No one's messing with the cap-gains rate: 20% for long-held assets. What's getting deep-sixed is the "step-up" in value of some inherited assets. The step-up may sound arcane, but it's a bedrock of estate planning...
...your parents own $300,000 of Microsoft stock for which they paid just $25,000 some years ago. If they sell while they're alive, they'll get hit with a cap-gains tax totaling $55,000 on their profit of $275,000. If they hold until death, though, their heirs will get the stock at the stepped-up basis of $300,000. They could turn around and sell, and owe no cap-gains tax. This money saver is an overriding motivator for many parents who choose not to sell, possibly forgoing a better end of their life. Under...
Until recently, Dreier and his fellow Republicans had managed to separate the two issues. Cash-rich, labor-hungry Silicon Valley companies have been pushing Congress to make it easier to import programmers and engineers rapidly. To satisfy the Valley, Congress wants to raise the cap on so-called H-1B visas for the second time in two years...
Last month Republicans, Democrats and the White House seemed to be onboard behind the increase. Committees in both houses of Congress passed bills raising the cap by differing amounts. Then the Clinton Administration, eyeing a window of political opportunity, upped the ante last month, proposing also to grant legal status to some illegal aliens. It's about "fairness and equity," says Gene Sperling, director of President Clinton's National Economic Council. Key Democrats quickly adopted the initiative, targeted at immigrants from Central America and Haiti living...