Word: deductionism
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Some rules for getting maximum tax deductions from gifts: ¶ Capital assets that have gone up in value should be given directly. The donor thus pays no tax on the capital gain, and he can take an income-tax deduction for the full value of the gift. ¶ Capital assets...
According to the State Department announcement, "the Board is authorized, without questioning the validity of the convictions and sentences, to make recommendations to the competent United States authorities for the termination or deduction of sentences or for the parole of persons convicted by the war crimes tribunals."
"Buy stocks the same way you buy gasoline for your car-by the dollar's worth." With this slogan, Rochester's H. (for Henry) Dean Quinby Jr., 55, has sold $6,580,000 worth of stock to members of his "Quinby Plan." Last week Quinby's plan...
One sound way of doing this is use of the "declining balance" method. This would allow a big deduction, perhaps half of the cost, in the first few years' use of new equipment when the rate of obsolescence is greatest. Thus, with the biggest cost of equipment written off...
I am in favor of the extension of the full Veterans' program, including bonus, to the men and women serving in the Korean War. I favor a State income tax deduction for persons supporting elderly relatives and educating dependent children. I favor a Public Crime Commission to investigate corruption in...