Word: brackets
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Dates: during 1960-1969
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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...
...Distillers Co., which made Distaval under license from its West German originators. It awarded David $49,920 and Richard $30,720. (At the request of Mr. Justice Hinchcliffe, the family surnames were not published.) Hinchcliffe explained that he had tried the cases together because David represented the most serious bracket of deformities and Richard the middle range...
...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...