Word: deductionism
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It was billed as the biggest tax rebellion in Massachusetts since the Boston Tea Party. For years, residents paid property levies that were 70% higher than the national average. So, in the wake of California's Proposition 13, Bay State citizens placed their own tax-limitation initiative on November...
It was one of those all too tempting tax dodges. Invest $30,000 in Wyoming coal fields, the pitch went, and use a loophole in the law to take a legitimate $150,000 deduction on Form 1040. Like many tax-shelter schemes, the offer attracted big names with big money...
Less feisty bookmen admit that they are already moving unsold books out of their warehouses at an accelerated pace. Says Viking Treasurer Theodore Flam: "We're talking about a reverse effect on cash flow. We are losing money on our inventory, and we can't afford to. We...
Sagan published his first paper at 22. Its title was an echo from his days with Muller and a sign of his growing interest in exobiology: "Radiation and the Origin of the Gene." A key point was that radiation may have been the trigger for the combination of the first...
>A special deduction to help trim the so-called marriage penalty, a decade-old fluke in the tax tables that requires husbands and wives who both work to pay higher taxes than two unmarried wage earners living together. The change could save couples hundreds of dollars.