But under the current law, no interest starts to build up until they graduate.
Under the current law, special prosecutors have an unlimited budget to hire aides and investigate their targets.
Under the current law, approved in 1992, the very manufacturers the FDA is supposed to scrutinize pay the salaries of drug reviewers.
Consequently the Super Committee could not raise marginal tax rates on the top two percent in the name of deficit reduction under the current law baseline.
The message of the decision from Napolitano is clear, new elections under the current electoral law are not optimal given the economic crisis and the perceived fragility of the markets.
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This is one vote that can be postponed anyway--under the current screwy law, the estate tax is gradually cut, disappears entirely in 2010 and then springs back to life in 2011 in its pre-2001 incarnation.
Here's the key: Under current law, the limited partnership interests are valued for gift and estate tax purposes at what a hypothetical, unrelated buyer would pay for them.
Grubert and Altshuler figure the rate on investment in a low-tax country would rise to a negative 4.4 percent under the per-country version, far higher than the negative 24 percent under current law.
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The problem: Under current law, resale of securitized leases is prohibited meaning the instruments are totally illiquid.
The problem: Under current law, resale of securitized leases is prohibited -- meaning the instruments are totally illiquid.
Under current law the estate tax shrinks slowly through 2009, dies in 2010, then is resurrected in 2011.
Under the current version of its law, the European Commission is taxing the fully trip of any airline that crosses EU airspace.
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And it would be on top of all the tax rate increases already scheduled to go into effect next year under current law, with the Obamacare taxes becoming effective, and the Bush tax cuts scheduled to expire.
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The debt would be 76% of GDP in 2020 under current law, which assumes the Bush tax cuts would expire and deep across-the-board spending cuts would take effect at year end.
Rolando Panchana, an assembly member for Alianza Pais and one of the bill's main backers, says the current law, passed in 1975 under the military rule of General Guillermo Rodriguez Lara, is restrictive and undemocratic.
These plans cannot possibly be enacted into law under the current power configuration in Washington.
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Under current law, the Court believes the IRS has no power to regulate preparers on its own.
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Under current law, the top federal bracket for dividend income is set to triple next year to 44.6%.
Under current law, the state pension age will rise to 66 for both men and women between 2018 and 2020.
Under current law, the Bush tax cuts were set to expire, and all of those taxes were going to go up anyway!
One example: Under current law, the Interior Department has only 30 days to review an exploration plan submitted by an oil company.
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Under current law, the highest tax rate in the US in 2013 will be 40.5% (39.6% assuming the Bush tax cuts are not extended plus 0.9% Medicare surtax on high earners).
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Under current law, the federal government can confiscate any property that it suspects of being used in the commission of a crime, even if the owner turns out to be completely innocent.
Under current law, the federal government and states share in revenues received from mineral production on federal lands, including oil, natural gas and any other minerals that are mined in a given state.
Under current law, the cuts must be fully implemented by the end of the fiscal year on Sept. 30, and they are broadly split between the Pentagon budget and spending on other federal government departments and programs.
All of the above Obama tax rate increases going into effect in 2013 under current law are on top of virtually the highest corporate tax rate in the industrialized world, at nearly 40% counting state income taxes, which leaves American companies uncompetitive in the global economy.
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Those tax increases, moreover, would come on top of all the tax increases Obama has already enacted under current law for 2013, which major media institutions as well as most of the public are unaware.
Under current state law, the only cases Oklahoma sends to the federal system are people who have been forcibly committed.
Workers who choose the personal accounts are backed by a federal guarantee that they will receive at least as much as promised by Social Security under current law, maintaining the social safety net of the current program.
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The payroll-tax cut has only been extended for two months, ensuring that the rest of the year will be punctuated with fiscal skirmishes, even as nothing is done to deal with America's medium-term fiscal mess, or to smooth the huge tax hikes and spending cuts that loom at the end of 2012 under current law.
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