Word: deductionism
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There may be nothing more American than the home-mortgage deduction, which came into being in 1913--two years before the New York Yankees wore pinstripes. This deduction has helped make the American Dream affordable and has contributed to a run-up in the homeownership rate to 69% from 44...
Bush officials are literally going back and reading his campaign speeches. Aides say they have a "back-to-basics" strategy focusing on such traditional Republican issues as spending restraint. As part of the search for a fresh agenda, groups of Bush aides are working on new immigration and tax-reform...
But one logical offshoot of this initiative must be kept in mind. As access to academic literature is made easier, it is likely that American universities—and by deduction American industries—will no longer enjoy an obvious advantage of access when compared to other countries. As...
The reminiscing began. ?Yeah,? claimed one BLOHARD, ?I was at the ?78 playoff game,? (That gave him points, even though the game featured every BLOHARD?s darkest nightmare). ?I went to that entire last series against Toronto? (more points). ?No,? said another, ?I honestly was not at Game Six of...
Of course, there are trade-offs either way. As a renter, you don't pay transaction costs, property taxes, insurance and maintenance. But you also miss out on a tax deduction for mortgage interest and property tax--often a substantial amount. Then there is the mother of all arguments for...