Word: deductionism
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The next time Hillary dropped in, McDougal asked her about it, and she told him that both she and Blair had been quite successful and that she was looking for some kind of tax shelter. Hillary pressed Jim to see how much in interest payments from Whitewater she could deduct...
McDougal might have added that you can't take a deduction for everything you do pay--only for payments of interest and legitimate business expenses. Yet, in a pattern that would continue, the Clintons deducted $10,131 on their 1978 tax returns, describing it as an itemized interest expense, to...
* Providing American families with a tax deduction for the cost of college tuition.
And so last week the Empire struck back. On Friday 300 Ohio Republicans and more than 500 Illinois Republicans climbed on buses for an overnight ride into Iowa, where they would bang on doors and get out the vote for Dole. Anti--flat tax forces in the real estate and...
She also will amend the Doles' federal income-tax returns to correct a separate mistake: speech income that she should have claimed on her returns. Mrs. Dole gave at least seven speeches, worth $16,000, in 1991-94 to civic groups that erroneously paid her honorariums directly to the Red...