Word: brackets
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Dates: during 1970-1979
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...unforbidden social prejudice: against the fat. Half-5 ft. 10 in. and 150 Ibs.-surveyed 15,000 executives across the nation and discovered that of those earning $25,000 to $45,000 per year, only 9% were more than 10 Ibs. overweight. In the $10,000 to $20,000 bracket, however, fully 40% were. Half s conclusion: the fat executive is being grossly underpaid and underpromoted. "You should hire on the basis of competency," he urges...
...total income. That is well below not only the charitable practice of tithing (giving 10%) advocated in the Old Testament, but also the current rate among the President's financial peers. According to the most recent statistics of the Internal Revenue Service, others in Nixon's tax bracket made charitable cash donations averaging nearly $11,000 each...
...rich are never more different from everyone else, as F. Scott Fitzgerald should have gone on to observe, than on the hateful ides of April. Most wage earners sweat over piles of canceled checks and interest statements just to worm their income total on Form 1040 backward by one bracket. But no self-respecting zillionaire would be caught within several lines of his real income before it has been vastly shaved by deductions, exemptions and exclusions...
According to a Brookings Institution study frequently cited in this book -an up-to-date and nontechnical work for the general reader-a family with an annual income of $200,000 to $500,000 in 1972 (IRS tax bracket: 50% to 70%) actually paid only 29.6% of it to the Treasury. That is about the same rate that a single person antes up on an income...
...that high income bracket tends to gain the most from this tax loophole," Schmidt agreed...