Word: offsets
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Without a powerhouse running squad to offset Crimson superiority in the field events, the Elis must be rated solid underdogs in today's contest. Unless Yale receives some stronger performances from already weak relay teams and a depleted middle-distance corps, Harvard should have a fairly easy time with the Elis...
...taxmen had awarded him a total tax deduction of $576,000, which was the value set on the papers by Ralph G. Newman, a noted Chicago rare-book dealer and appraiser. Following established tax practice, Nixon had spread out the write-off, using $482,018 of it to offset income from 1969 through 1972; the remaining $93,982 presumably was to be applied to income in 1973. In all, the papers gift enabled him to avoid $235,000 in income taxes...
Last week California State Controller Houston Flournoy ordered an investigation to find out whether Nixon also owes the state taxes on the capital gain. If so, the state tax could be as much as $7,660, unless offset by legitimate deductions for interest payments or business expenses...
Though the turn-out exceeded usual varsity basketball attendance, it failed to net enough money to offset the cost of officials, gym rental and trophies. Carrington said Saturday that the invitational incurred a $150 debt, but that he is not yet sure how the deficit will be made...
...unexpectedly hard line on the part of Soviet negotiators. By the time Kissinger headed for home-and his wedding (see THE NATION)-he was visibly worried over the diplomatic crevasses that had appeared in place of diplomatic bridges. For Nixon, who counts on strong accomplishments abroad to offset political problems at home, the results could only be disheartening. What was to have been a triumphal presidential trip to a Moscow summit in June to sign a SALT II agreement may now turn into a slugfest to reach any kind of agreement...