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Word: deductionism (lookup in dictionary) (lookup stats)
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Of course, the common citizen often benefits from various "special interest" breaks (for example, a deduction for home mortgages or state and local taxes). One man's loophole is another man's socially useful allowance, and one's man's lobbyist is another man's righteous advocate. Nonetheless, the voices...

Author: /time Magazine | Title: Peddling Influence | 3/3/1986 | See Source »

At the first disciplinary hearing, Kennedy's clients were found guilty and sentenced to departmental segregation and a loss of good-time, or the deduction of up to 12.5 days per month of the total prison sentence for good behavior. Kennedy appealed to the Commissioner of Corrections, and the sanctions...

Author: By Elizabeth Buckley, | Title: Law Students Provide Legal Aid for Inmates | 1/17/1986 | See Source »

The day before Rostenkowski decided to interrupt the tax-reform deliberations, he saw that the package was in danger of unraveling. The Ways and Means Committee rejected proposals by Reagan and Rostenkowski and voted to allow taxpayers who do not itemize deductions to continue to write off donations to charity...

Author: /time Magazine | Title: Slow Fade: Tax reform dies away | 10/28/1985 | See Source »

* and the elimination or cutback of virtually every tax deduction, including those for state and local taxes.

Author: NO WRITER ATTRIBUTED | Title: Tax Reform: What it Means | 9/26/1985 | See Source »

A family of five in Greenwich, Conn., with an income of $120,000. They are paying $7,249 in state and local taxes plus $28,000 in interest on a mortgage and various loans. In order to pay for one child's college education, they are selling some stock. The...

Author: /time Magazine | Title: The Changing Government Tax Bite | 6/10/1985 | See Source »

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