Word: bitefuls
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...havens are investments that enable people to generate paper losses to write off against their regular income, thus shielding the investor's cash from the full bite of the IRS. A person making $100,000 a year, for example, might sink $30,000 in a tax shelter that would lower his taxable income in the first year to perhaps $85,000. Since at least half of the $30,000 would have gone to the IRS had it not been sheltered, the investor really gets his investment at half price. And it usually continues to generate write-offs for several...
...duty Red Devil paratroopers and two choppers were standing by. The Devils jumped into the restaurant's car park, where they were met by chefs in running shoes, who sprinted with the birds to preheated ovens. The cost: at least $10,000. Elapsed time between bag and bite: 3 hr. 14 min. To its chagrin, London's Ritz Hotel was beaten out when a Scottish fog grounded its grouse shuttle, a World War II Lysander aircraft...
...sluggish spenders because inflation and taxes are taking away such a large hunk of their incomes. The after-inflation real hourly earnings of Americans dropped by 5.6% during the first three months of 1980, the eighth straight quarter that price rises had got the better of paychecks. The tax bite is getting bigger too. Just when the economy is expected to start picking up, a $12.4 billion increase in Social Security taxes will take effect in January. This will raise the amount paid by a family of four earning $25,000 a year by $130 next year...
...benefited the models." Says Casablancas, who speaks in often unprintable terms about the vendetta: "What gets me is the permanent, ever present nastiness of Eileen Ford. She is Machiavellian and Byzantine. She is like a snake with seven heads: cut off six and she still has one left to bite...
...trade names of antiunion J.P. Stevens products) and how to spur recalls of cars. Explains Dowie: "We want to get readers angry and make them do something. We're pamphleteers." Staff members talk easily of "fascist oligarchies" and "revolutionary weapons," but their bark is more ideological than their bite. "I don't want to live in a society without good restaurants or a choice of health care," says Dowie...