Word: complexity
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Dates: during 1980-1989
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...bill reverses a trend that has prevailed since the income tax took effect in March 1913 with a top rate of 7% on incomes above $500,000, a stupendous sum in those days. The rates zigzagged up and their calculations were made more complex until, to meet the revenue needs of World War II, the top rate on the highest incomes was a confiscatory 94%. Among those offended: a movie actor named Ronald Reagan who had just begun to earn big bucks. His anger at discovering that he could keep less than a dime of each additional dollar he earned...
...those documents as their bibles, the two teams sparred across a green felt table for two days as each exhaustively ran down its prepared script. Only in the last hours did the discussions get intense, as each side sought to pin down more precisely what the other side's complex and often ambiguous proposals meant. Explained a senior U.S. official: "We talked a lot about broad concepts of offense and defense, what is related, how it would work...
...more legitimate. The LP catalog has found a place for both the most familiar Beethoven symphonies and the most obscure baroque fugues. For now, classical and pop CDs run to the best-known artists and material. Yet some major classical labels, including RCA, CBS and the giant PolyGram complex (Deutsche Grammophon, Philips and London), have begun issuing their huge catalogs of conventionally recorded...
...remain a credible factor in the year before the 1988 campaign gets under way in earnest, Robertson must broaden his appeal and pull together a staff that can handle the complex logistics of a national campaign. One thing working in his favor is that he is positioned to run well in the South's pod of primaries, caucuses and conventions that will be held in the same week in March of 1988 and will choose perhaps 30% of the delegates to the national conventions. (So is Jackson, who may reap the South's black Democrats the way Robertson may reap...
...Adams was talking about a raid launched against his base last week by a small group of pro-Libyan terrorists who, police believe, arrived by car. Firing 60-mm mortars, rocket-propelled grenades and automatic weapons, the attackers concentrated on well-populated areas, including a beach and a sports complex. Miraculously, casualties were limited to two injured women and a slightly damaged building. Several hours later the Unified Nasserite Organization, a previously unknown group, claimed in Beirut that it had carried out the raid primarily in retaliation for British support of the U.S. bombing of Libya. American F-111 jets...