Word: bracketeers
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...modeling fees ($2,400 per week) put her in a tax bracket where she can scarcely make a shilling more, so Lesley Hornby, 20, is quitting her lucrative fashion career for the uncertainty of the cinema. Director Ken Russell (Women in Love), who will do her first flick, says: "She'll be the greatest thing to hit the screen since Monroe." "It's got to be something nice," insists the 91-lb. cockney sprite best known as Twiggy. "I couldn't do a big sexy role...
Some tax breaks for businesses were also modified. The bill calls for a repeal of the 7% business investment tax credit, a reduction from 27½% to 22% of the oil depletion allowance, and increased taxes on high-bracket capital gains. The bill puts a 4% tax on the investment income of foundations-a compromise between a stiff House bill and a nominal Senate measure...
...Laugh-In restaurants, Fickle-Finger-of-Fate sandwiches." The dropouts are no slouches in the cleaning-up department, of course. They draw anywhere from $3,000 to $7,500 for guest appearances, which, coupled with hefty incomes from television commercials, put some of their salaries into the six-figure bracket...
...commentators and self-appointed analysts" (Agnew's words) shape the presentation of the news each evening? As in any business, their rise depends on intelligence, talent and merit. But TV is not just business; it is show business. Top commentators are in the $200,000-a-year bracket because they draw audiences. Thus, even though Agnew calls them "unelected," TV newscasters and commentators are more elected than any other newsmen in America. Every night the viewer votes with his channel selector; the Nielsen rating company tabulates the results. Just now, CBS's Walter Cronkite is ahead of Huntley...
...shelter around cattle, which can be bought with help from a loan, then depreciated over eight years and sold for capital gains. The sales manager put $40,000 into a herd, of which $30,000 was borrowed from U.S. Trust. For investors in the 50%-plus tax bracket, the tax savings from this kind of investment can often repay the loan within the first year...