Word: deductionism
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In New York, for example, the standard gives a landlord 81/2 per cent on fair market value and allows a two per, cent deduction for depreciation as an expense. This is lower than even the lowest limit of the Cronin standard.
THE NOVEMBER Action Committee celebrates its second anniversary with a gala charity ball at the Ritz-Carlton to benefit the wives and families of prisoners-of-war in North Dakota. The theme of the fete is "Tell It to Bismarck." To charges that NAC has copped out, leader Michael Ansara...
"After deduction for miscalculation and wastage in the Pentagon and corruption and pilferage in Southeast Asia," the prospectus says, the Company expects to raise a net of $50 billion from the American people this year. The proceeds will go partly for "payments and benefits to certain government officers in Viet...
In the monotonous routine of the road, a break is as welcome to the trucker as it is to any family of tourists jammed into their station wagon. Gregory shifted down and pulled into the Dixie Truckers Home at McLean, a huge truck stop even for the big roads of...
After her tax accountant, one Norman Egenberg, was indicted on charges of bribing IRS agents, the U.S. income tax records of Italian Diva Renata Tebaldi became public property. A deduction labeled "claque" in the 1964 and 1965 returns cast doubts on the spontaneity of some of the opera star'...