Word: sliced
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About 3% of U.S. taxpayers earn $10,000 or more a year. Yet this small slice of the tax economy carries 36% of the nation's income-tax burden (see chart). Some high-salaried executives, C.E.D. suggests, have lost incentive because "what is left after taxes is not worth the effort." The C.E.D. thinks that "high rates of taxes make it more difficult for the individual to accumulate funds for investment, thus penalizing small business, [which] ordinarily can make use of outside financing only at excessive cost . . . The objective of this type of reduction would be to stimulate investment...
...cutting back and holding down federal taxes and expenditures, the Eisenhower Administration has sliced off a slightly smaller cut of the tax pie for the Federal Government. Last week, as state legislatures were completing their 1955 sessions, it was clear that the states are reaching out for a bigger and bigger slice. Said Chicago's Frank Bane, executive director of the Council of State Governments for the past 17 years: "In raising state taxes, there is a more extensive and more concerted drive this year -with more results. The increase this year will be almost twice as extensive...
...Swiss have been hard hit by competition from the German watchmaking industry. Unhampered by rigid price fixing, the Germans have snatched up a fat slice of the Swiss watchmakers' markets in Scandinavia, the Far East and the U.S., with prices as much as 20% lower. On top of that, Swiss watchmakers, whose exports to the U.S. were already dropping, were further hurt by the 50% boost in U.S. tariffs last summer (TIME, Aug. 9). Their exports to the U.S. market dropped from $68 million in 1953 to $51 million in 1954, and are still running down. As a result...
...Crouched like a coiled spring, continually alert to lunge or parry, the fencer can feel tension spreading from his toes to his fingertips. And in the heat of combat, the new gentility sometimes wears thin. Given half a chance, a saberman (who can score points with a thrust or slice anywhere above his opponent's waist) may cut loose and whip his man across the back with a bruising blade. Even a city-bred college boy is seldom happier than on that rare occasion when his button-pointed foil (which scores points only when its point touches the torso...
...used the same revealing piece of wood off and on for 20 years, sometimes broken in a desk, sometimes built into a locked drawer-though once, admittedly, it was widened and made into a bridge over a ravine: the result was nearly neck-breaking. The nearest equivalent to this slice of timber is the distaff which the Greeks put in the hands of the Fates-and man's fate, in the Greek sense, is in fact the essential clue to the mystery of Author Compton-Burnett's long (15) line of novels...