Word: deductionism
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One currently favored gimmick involves buying, at wholesale prices, box-loads of Bibles for $5 each. After holding them for one year, the investor donates the books Jo charity and takes a tax deduction of $20 for each Bible, the value set by the original owner. Another shelter under attack...
For the inflation-squeezed executive who cannot keep up with the sartorially splendid Jones in the next office, it is a dream come true. Top-of-the-rung men's or women's $500 suits for a modest monthly charge, eligible for trade-in when lapels narrow or...
The juiced comedian turns out to have been a nasty little sod, so there are plenty of interesting people with good reason to do him ill. As usual, Charles, who can never keep a good deduction to himself, wrongly accuses several people of the crime. This makes good fun, since...
The expenses for such grassroots lobbying are not deductible under the Internal Revenue Service (IRS) tax code. Yet Rosenthal found "widespread misunderstanding of and noncompliance with the grassroots lobbying provision of our tax laws" as well as evidence of lax IRS enforcement. For example, one major insurance company ran an...
In his second relativity paper, the final report published in 1905, Einstein used relativity's mathematics as well as ideas from his photoelectric paper to make a historic deduction: if a body gives off an amount of energy (E) in the form of light, its mass will be reduced by...