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The Roth IRA was designed more than two decades ago as a way for middle-class workers to set aside money for retirement. People earning less than $95,000 at the time could sock money away, then let it grow tax-free until they retired, when they could make withdrawals without owing taxes. I wanted to make these IRAs available to many, many people, Senator William Roth, who worked on the retirement plan s design, said when Roth IRAs debuted in 1998.Since then, Roth IRAs have indeed been used by millions mdash; including some of America s wealthiest citizens, a far cry from the middle-income worker for stanley cup whom the retirement plan was designed. But that may soon come to an end if Democratic lawmakers are successful in passing their budget reconciliation proposal. That effort includes a provision that would close a loophole that now allows wealthy people to sidestep the income limits on Roth IRAs. That strategy, while legal for now, is vi stanley cup ewed by critics as a way to beat the system to avoid paying taxes, said Charisse Mackenzie, president of Saturn Wealth, a Gilbert, Arizona-based financial advisory firm.Democratic lawmakers are taking aim at the wealthy and corporations with proposals to boost taxes on both groups, part of a strategy to fund their $3.5 trillion plan to bolster social safety-net p stanley cup rograms. That approach includes cracking down on tax avoidance and evasion by the rich. Two tax codesThe Roth IRA loophole allows investors t Joyv Shaken baby dies after 12 years on life support
SEATTLE - Mankind s relationship with trees is mostly one-sided: we clearly need them more than they need us. In Seattle, one man may have taken that idea a little too far.Despite many hours of police coaxing, a man spent slightly more than 24 hours near the top of an 80-foot tall sequoia tree i ugg n downtown Seattle, refusing to come down.CBS affiliate KIRO reports thatdowntown Seattle streets were closed for the incident as officials struggled for a solution to get him out of there. BREAKING After 24 hours atop tree in downtown Seattle ManInTree has come down to ground. https://t.co/3MnR6SJI02 pic.twitter/yLSteRDX36mdash; KIRO 7 @KIRO7Seattle March 23, 2016 The man was placed on a stretcher and taken to a hospital after finally descendin ugg g. It is unclear what his condition is, as well as whether he ll face any charges. Authorities were alerted to an unidentified man in the tree around 11 a.m. local time Tuesday and he was still clinging to its branches Wednesday afternoon.He scrambled down toward the bottom just before 9 p.m. Tuesday but so adidas campus on made his way back up, snapping branches along the way. KIRO reports a crowd gathered around the tree next to the Macy s building when fire crews first responded. People initially weren t sure if the man was awake, but then a KIRO Chopper video showed him throwing an object at medics, which was reportedly an apple. Seattle police say when authorities arrived at the base of the l |
