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Depending on the decision of the tournament committee, which will meet by telephone hook-up sometime Sunday, Harvard may have already secured itself a spot in the eight-team NCAA bracket. Four ECAC teams will be selected, but not necessary the four--Clarkson. New Hampshire, Northeastern and Harvard--that play at the Garden Friday. Three times, the committee has decided that a team which lost in the quarterfinal round deserved a shot at the championship, and all three times that team--Boston University twice and Wisconsin (last year)--has gone on to win the national title. It is conceivable...
...becoming staggering. One index of interest rates on such municipal bonds shows them averaging around 13%, almost exactly double the rate in 1979. That is a truly astonishing rate, because the interest on these bonds is exempt from federal income taxes; for a buyer in the 50% tax bracket, a 13% municipal-bond yield is equivalent to a 26% yield on a corporate bond. Moreover, states and cities are incurring these costs at a time when the recession is crimping tax receipts and the Reagan Administration's budget-cutting efforts are curbing the flow of federal grants...
Even if you thought you'd heard all the firsts in Crimson tennis last year-find Ivy championship in ten years, first BCAC championship and NCAA bid since c. 1900, find All-American (Howard Sands) ever--the squad produced another one on its journey through the ITCAs consolation bracket. After dismissing Southern IIIinois--Edwardsville 6-2 to advance to the semifinals, Harvard edged Wichita State 5-3 for its first ever victory over a nationally-ranked team. Beren and Rob Loud keyed the win against the fifteenth-ranked Shockers, coming from way back to capture the decisive doubles match...
Created by Congress in 1974, I.R.A.s allow wage earners to put aside a portion of their income into special accounts, where the money earns interest tax-free until it is withdrawn during retirement years. At that time, in most cases, a person's income, and thus his tax bracket, has gone down. Besides regular bank deposits, the I.R.A. money can be invested in stocks, bonds and a host of other ventures...
Some taxpayers can get a break by giving charitable donations before the end of the year. A person in the 70% bracket can save an extra $200 on his 1981 taxes for every $1,000 in charitable contributions made in 1981 instead of in 1982, when the top marginal income tax rate is set to drop...