Word: deductionism
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No one can predict with certainty what will occur when 40 Eridani-A moves in front of X, but the distant event will give scientists a rare opportunity to test an equally far-out and still unproven deduction from Albert Einstein's theories of relativity. Instead of simply blocking...
The boom began all right-but it went bust after Singapore's expulsion from the federation last August as a result of racial and political conflicts. Instead of a boom, Singapore now faces such critical problems as widespread unemployment (13.5%), dwindling trade (down 20%), and tense relations with Malaya...
The Internal Revenue Service disallowed the deduction, and Shurbet decided to fight. After 1,700 pages of testimony, he won the first round in a Texas district court. The Government took the case to New Orleans' Fifth Circuit Court of Appeals, claiming that Shurbet had failed to show that...
The Fifth Circuit ruled for Shurbet. Congress, said the court, "intended depletion as a means of allowing an annual deduction to represent the capital exhausted in the taxpayer's business." As a consequence of the decision, the 17,250 landowners in the High Plains region, which stretches along the...
Salaried taxpayers in the middle and upper brackets took the worst beating. If he took the standard deduction, for example, a $20,000-a-year man with a wife and two children wound up $707.21 in the red-even though $2,975.79 had already been withheld. The smaller the brood...