Word: bracket
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...past decade the number of dentists climbed 31%, while the country's population rose by less than 10%. Especially hard-hit demographically are the orthodontists. The prime candidates for high-priced teeth straightening are children between 7 and 19. The number of youngsters in this age bracket fell by 4 million. Dentists are quick to point out that fees have barely kept pace with inflation, but the stalled economy has kept people away from the chair...
...work. When he got out of the Army, Reagan was dunned by the Internal Revenue Service for back taxes on his prewar movie salary; and though he never became a top star, by the late 1940s he was making enough money to find himself in the 91% income tax bracket...
Harvard can, perhaps, take solace in the fact that they won as many individual titles as their preppie colleagues from the South. Neither team won any singles championships, and each copped its only bracket win in doubles...
Besides the "A" doubles, the only final round reached by Crimson players was the "C" bracket duos, in which Princeton's Flip Ruben and Steve Feinberg whipped Beren and Harvard Freshman Rob Wheeler...
...each of the next three years-the so-called Kemp-Roth formula. Beginning in the fourth year, tax rates also would be "indexed," i.e., tied to inflation rates so that only a rise in income greater than the rise in prices would push a taxpayer into a higher bracket. Business taxes would be reduced by speeding up the depreciation write-offs that companies could take for modernizing their plant and equipment. Cost to the Treasury: $22 billion in fiscal 1981, which begins Oct. 1; a stunning $192 billion a year by fiscal 1985. Faster growth prompted by the cuts would...