Word: deductionism
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I have two refugees staying with me for the duration of the war, Mrs. Geoffrey Ennor and her 2½-year-old son Neil from Penzance, England. As you are no doubt aware, the maximum amount of money allowed any one person leaving that country is ?10. At my suggestion...
Last week Advertising & Selling discussed this loophole in the 1940 tax, ran an article by J. K. Lasser, author of Your Income Tax, the annual deduction guide to many a painfully executed Form 1040. Said C. P. A. Lasser: by upping their advertising costs, typical corporations can reduce by 24...
I might suggest that to you I may appear to be pleased by nothing because I am not pleased by the vulgar and superficially picturesque illustrations of the American Scene to which TIME and LIFE have been giving continuous support for several years; and because my article upon which you...
P.S. By the way, did any masked informer point out that as of April 3, 1939, Herman Shumlin was the only Broadway producer advertising in TIME? If so, what deduction was drawn and/or quartered, what brands burned in whose hides?
In San Francisco, Film Comedian Ned Sparks claimed a deduction of $3,000 on his 1934-35 income of $137,380. The money went for a set of false teeth. Explained his lawyer: the teeth actually cost $3,500, but Funnyman Sparks lopped off $500 because he used them outside...