Diego Maradona – Player of the Century

Diego Maradona trivia will show that he was born in Buenos Aires in 1960 and is, along with Pele, considered one of the two greatest football (soccer) players of all time. In South America, no sport even comes close to soccer in terms of its overall popularity, and Diego Maradona has been for decades now one of the most important figures in that sport. He was only ten years old when professional scouts started to take notice of him and try to provide him with more opportunities to develop his talent, and a Diego Maradona quiz will show that he was just fifteen years old when he got his first professional playing opportunity with the Argentinos Juniors.

The number of teams that he has played for will likely be an interesting part of Diego Maradona trivia for anyone who has followed his career. After playing for the Argentinos Juniors, he was tranded to the Boca Juniors. He then became the most valuable player to ever be transferred to that date when he was sent to Barcelona. Barcelona was fraught with problems for Maradona though, and it was in Italy, in Napoli that he would have the most success. Other teams included Sevilla, Newells Old Boys, and then returned to the Boca Juniors.

In addition to playing professionally, Maradona would have success playing in the World Cup several times for the Argentinian team. A Diego Maradona quiz will show that he played in four back to back world cups. His team would win the championship in 1986, and would finish in second the cup after that.

Maradona has had a life that was surrounded by much controversy. During several of his professional tenures he has been in and out of trouble; including arrests, for various problems with drugs, most notably a cocaine habit which plagued him for many years. In addition, he is noted for having a temperamental personality and being difficult to get along with. When FIFA held a poll to select the world’s all time greatest “Player of the Century” the first results were voting for Maradona, until FIFA decided to have a panel of experts make the selection, which concluded the award should go to Pele. Maradona raised such a fuss over the ordeal that the decision was eventually made to award each of the two with an award. He became the head coach in Argentina for the national team in 2008.

New Tax Legislation May Save You Money

How much you will save as a result of the new tax law, signed last week by President Bush, depends on many factors. Proponents of the new law say that the provisions will benefit almost all taxpayers. They say that not only will individual taxes be reduced, but economic growth will generate higher tax receipts as income and investments grow.

At the signing ceremony, Bush called the new law, “a victory for the American taxpayers and a lift for the economy.”

Opponents of the new law say that only high-income taxpayers will see any relief. They claim that the economic growth provided by the bill is not proven and that many of the provisions will only add to the deficit.

But how will the bill affect your taxes?

The new tax law has extended the 15% tax rate for long-term capital gains and dividends for two more years. For low-income taxpayers, the rate is 0%. The extended rates are expected to expire at the end of 2010. Then the rates will revert to 20% for long-term gains and top income tax rate for dividends.

The estimated cost of this provision is $50.8 billion over the next 10 years.

Critics say that the reduced rate primarily benefit the wealthy, partly because middle-income taxpayers don’t have as many investments.

The Urban-Brookings Tax policy estimates that a taxpayer with an income between $50,000 and $75,000 would save an average of $58 on his tax bill in 2009, approximately 0.4% of what his total tax liability would have been before the extension. The average tax cut would be $255, which roughly equals 2% of their tax liability. Only 23% of middle-income taxpayers have taxable investments.

The taxpayer with an income in excess of $1 million or more would save an average of $32,111, or 3.3% of the unextended tax liability. The average tax cut received is $39,448, or about 4% of their tax liability. Eighty-one percent of upper income taxpayers have taxable investments.

Many middle income taxpayers will see benefits from the AMT. The new law increases the AMT income exemption levels that were in effect for 2005. The new exemption levels are $42,500 for single filers and $62,550 for joint filers for 2006.

Taxpayers will also be allowed to use all nonrefundable personal credits to offset AMT liability. Most of these credits are usually disallowed under AMT.

It is estimated that an additional 15 million taxpayers will be protected from AMT in 2006. Most of these taxpayers would come from households with incomes between $100,000 and $500,000. The average household savings ranges from $1,074 to $2,838.

The final reconciliation package was designed to remain below a $70 billion spending limit. To achieve this goal, lawmakers added a few revenue raisers to the bill.

The most controversial provision is one that allows all taxpayers, not just those with AGIs of less than $100,000, to convert their traditional IRAs to Roth IRAs starting in 2010. Proponents say it will raise revenue when IRA holders pay taxes in order to make the conversion. It is expected to raise $6.4 billion between now and 2015.