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Word: deductionism (lookup in dictionary) (lookup stats)
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Although corporations, like individuals, can take a tax deduction on their gifts, "nobody makes money on a gift," Peterson says. He feels corporations have the same basic motives for giving that individuals do. While the individual may be concerned with "doing something immortal" for the alma mater, Peterson says that...

Author: By Joanne L. Kenan, | Title: It's Not as Simple as It Looks | 1/17/1977 | See Source »

The Seven-Per-Cent Solution is two stories, neither one sturdy enough to support the weight of a full plot. The first has Holmes strung out on cocaine - his dosage is the pun in the title - and railing crazily against his nemesis, Professor Moriarty (Laurence Olivier). Dr. Watson (Robert Duvall...

Author: /time Magazine | Title: Cinema: Elementary Work | 11/1/1976 | See Source »

Simon was not speaking for the Administration, which ignored his proposal. So, too, did Congress, which generally gives in to special interests when considering major tax reforms. Only last year, for example, organized labor blocked efforts to eliminate the deduction for state gasoline taxes, arguing that it was the workingman...

Author: /time Magazine | Title: THE ISSUES: BATTLING OVER TAX REFORM | 10/4/1976 | See Source »

Early in the campaign, Carter liked the drastic Simon tax reforms. Lately, however, he has voiced more modest goals. Carter apparently has no intention of ending the tax exemption for income from state and municipal bonds, which costs the U.S. Treasury about $4 billion a year. He would also continue...

Author: /time Magazine | Title: THE ISSUES: BATTLING OVER TAX REFORM | 10/4/1976 | See Source »

He once described the home-mortgage-interest deduction as "among the incentives that I would like to do away with." He later suggested that he would replace the deduction with some sort of direct subsidy or incentive to help low-income homeowners.

Author: /time Magazine | Title: THE ISSUES: BATTLING OVER TAX REFORM | 10/4/1976 | See Source »

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