Word: writes
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...much of his life, Updike lived in rural Massachusetts with his second wife; he leaves behind four children. He continued to write novels up until this past fall, when he published his last, The Widows of Eastwick, a sequel to his famous Witches of Eastwick from 1984. By then he was living in a world that had transformed and transformed again; from a rooftop in Brooklyn, Updike, with his own twinkly eye, watched the Twin Towers fall, an experience that inspired his novel Terrorist, which focused on a young Arab American. (See the top 10 longest sequel gaps...
Robert Burns was born 250 years ago, on January 25, 1759, in Alloway, Scotland. His father was a tenant farmer and his mother never learned to write, but Burns read voraciously and managed to secure a fairly thorough education. His family had very little money - when his father died, he left the family bankrupt - which inspired the egalitarian, anti-authority themes that would appear in Burns' future works...
...beginning of the bill, the authors write: "Since 2001, as worker productivity went up, 96% of the income growth in this country went to the wealthiest 10% of society. While they were benefiting from record high worker productivity, the remaining 90% of Americans were struggling to sustain their standard of living. They sustained it by borrowing ... and borrowing ... and borrowing, and when they couldn't borrow anymore, the bottom fell...
There's a catch in write-offs, however. Because of his high income, Geithner will most likely run afoul of the dreaded alternative minimum tax (AMT). Among other things, the AMT applies to people who would be able to use deductions to reduce a large portion of their federal income tax. The idea of the AMT is to make sure wealthier types pay their fair share. State income taxes and property taxes are federal-income-tax deductions. And since Geithner pays nearly $45,000 in those two taxes, he most certainly would be caught by the AMT. When...
...costs, and Geithner is probably looking at an investment loss of more than $300,000. He can use that to lower the taxes he may have to pay against long-term stock-market gains, if he is lucky enough to have any of those. But don't try to write the house off against regular income, Tim. If you do, the Senate might want to talk to you about...