Word: bracketeers
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Dates: during 1940-1949
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...Government employe finally won a raise from $2,300 to $2,400 a year, celebrated, then discovered she had been duped by a mirage. The raise put her in a higher withholding-tax bracket, added $96 a year in tax deductions, $5 a year to her retirement-fund payments. Her semimonthly paycheck before the raise: $78.24. After: $78.20. By March the thrill will be gone...
...only upon that part which is in excess of the taxpayer's personal exemptions and an allowance for average deductions. As is indicated in the attached table . . . which extends your figures to show the amount of tax withheld as a percentage of the average wage in each bracket, the rate of withholding, of course, will never reach 20% of the total wages...
Well does every Congressman know that to raise any substantial part of the vast sum which the President demands will probably mean: 1) a heavy sales tax; 2) a stiff increase in the rates on low and middle-bracket incomes; or 3) both. Viewing this grisly prospect in the perspective of next year's elections, Congressmen shuddered...
Slowly the stickmen got their shooting range and the score was augmented with two scores by George Angle, and single points by Nat Bracket, Dink Donahue, Ed Barber, John Rogers, Tom Bridge, and Bill Guild. The Crimson's nets were frequently disturbed by Andover's Johnson, who scored the rest of their goals. He was assisted by midfielder Heckle, but the rest of the team did not show the former's spunk...
...midfield there is even less certainty about quarters. Prominently mentioned are veterans George Angell and Ed Barber, as well as Bracket, Jim Conway, and Dave Thompson, up from last year's Freshman squad. The situation is further complicated, in a pleasant sort of way, by the improvement shown by many of the newcomers to the Varsity, among them Bud Lane, Newt Peabody, and tom Allen...