Word: bracket
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...Within the Treasury Department there was talk that the corporate tax rate might be chopped from 52% to 50% or less, that the rate on the first $1,000 of taxable personal income might be cut from 20% to 15%. and the present 91% rate paid by top-bracket taxpayers might be sliced as low as 65%. So vague were the Administration's plans, however, that estimates of the total savings to taxpayers ranged from $2 billion to $5 billion. It will be the first cut in U.S. income taxes since...
Establishing a public market for the agency's shares should also help Papert, Koenig, Lois recruit new executives by offering them stock options (which, for tax reasons, are more appealing to high-bracket executives than a straight salary boost). This is a vital consideration on Madison Avenue, where personnel changes are frequent because the only commodity an advertising agency really has to sell is talent. And at least potentially, a public stock offering has other attractions for advertising firms: it could help raise expansion capital and make it easier for an agency to merge into bigness through stock swaps...
...checking-the dreaded audit. The criteria used for auditing are as closely guarded as the formula for Coca-Cola, vary from year to year to keep the taxpayer off guard. Those who have run into trouble in a previous year almost invariably get a second or third look. Upper bracket incomes get special scrutiny, and if a taxpayer makes more than $25,000 a year, the odds are 1 in 4 that he will be audited...
...taught both Bobby and Ted Kennedy, the Government is toughening up its stand on tax loopholes and tax offenders. Personally, Caplin believes that the Government could garner at least as much money-and make the majority of taxpayers happier-by reducing tax rates to 10% in the lowest bracket and to 65% in the highest bracket while getting rid of most exemptions, and lowering oil-depletion allowances. To make present tax rules more intelligible, the IRS has cut form 1040-the long form used by more than a quarter of the nation's taxpayers-from four pages...
When Iguana opened in late December 1961, Williams proved to be in his best dramatic form since Streetcar, with the debatable exception of Cat. By echoing a strain of gentleness unheard since Menagerie, Iguana served to bracket the whole range of Williams' achievement, a body of work so substantial that it now casts a larger shadow than the man who made it. In that shadow lies a form of theater as well as a series of plays, the theater of Chekhovian sensibility mated with the Freudian irrational unconscious. The champion of the rival Ibsenite theater of social