Word: deductionism
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Maybe the President would have given up his precious tapes much more generously had we only offered him an additional tax deduction for them.
For many of the nation's 90 million workers and their employers who contribute to Social Security this clause all but guarantees an ever-expanding tax outlay every year. Middle-and upper-income workers will begin paying for the latest boost in January, when the base on which the...
Nor is Nixon unique in affixing a price tag to his papers and taking a tax deduction. Platoons of onetime Government officials have turned over papers to historical societies and university libraries. Senator Hubert Humphrey donated more than 2,700 boxes of materials to the Minnesota Historical Society, and took...
The elimination of this incentive has seriously cut the flow of historical documents. Yale University Archivist Herman Kahn complains: "People are sitting on their papers in the hope that the law will be changed." Except for those donated in a spirit of patriotism or altruism, it seems, many historical documents...
The biggest deduction will come from the capital spending of nationalized industries ($600 million). The other major cuts include roads and transport ($490 million), defense ($395 million), health services ($277 million) and education ($240 million). The new budget clearly spelled the end of Heath's hoped for 3.5% economic...