Word: agi
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Dates: during 1980-1989
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...kiloton nuclear warheads. But if the vessel is gone, it has not been forgotten. Since the sinking last Oct. 6, Soviet ships have watched over the site, "maintaining a nearly continuous presence," according to a Pentagon official. Sometimes a Soviet merchant ship keeps the vigil. At other times an AGI (intelligence-gathering vessel) watches over the spot where the sub went under. While the Pentagon says no ship has been on the site for about six weeks, the Soviets are monitoring the area by satellite...
...play this game, begin by assuming that your income will not change, then retrieve your 1985 AGI (adjusted gross income: line 32 on your last 1040). Plug that figure into the first box. In the first part of the game, add back items that were previously deductible to arrive at your probable 1988 AGI. Then subtract the deductions still permitted. This will yield your new taxable income. Multiply that by 15% or 28%. Like any game, this one has both winners and losers...
Charitable Deductible Deductible above Deductible Deductible Contributions 2 % of AGI...
Medical Expenses Deductible above Deductible above Deductible above Deductible above 5% of AGI 5% of AGI 10% of AGI 10% of AGI Indexing...
Category Current Tax Law Treasury Plan Kemp-Kasten Bradley-Gephardt Individual Single 15 brackets from 0% up to $2,800 of 0% up to $2,700 0% up to $3,000 Rates 11% to 50% AGI (adjusted 25% flat rate, with 14% up to $25,000 gross income) 20% exclusion for 26%up to $37,500 15% up to $19,300 earned income 30% over $37,500 25% up to $38,100 35% over...