Word: brackets
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Dates: during 1980-1989
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...undertow of agony tugs at the facts. That road, praised as "a monument to the ghetto's vitality," leads to a cemetery where more than 43,000 inmates, many of them children, will end their stay. Potato peels are a prized dinner item. Notes of suicides bracket a "highly successful symphony concert at the House of Culture...
...gilt-edged world of horse racing, Socialist moves have cut two ways. At first the punitive new 75% top-bracket income tax rate accelerated a flight of French thoroughbreds to the U.S. and Ireland. But since then the racing fraternity has been gratified by thoroughly Socialist interventions: the government sank a $2 million subsidy into buying 80% of a prized French stud named the Wonder to keep him in France...
...Citizens for Tax Justice, a Washington public interest group, attacked the Wall Street Journal editorial. Two factors, they say, accounted for the shift in the tax burden, both of which had nothing to do with supply-side economics. First, inflation pushed many people into the $50,000-and-up bracket. Second, 1982 was a recession year, and unemployment reduced the earning power and taxes paid by low-and middle-income groups. Says Barry Bosworth, a senior fellow of the Brookings Institution in Washington: "If you looked at other recession years, you'd see the same phenomenon. It has little...
...Jersey, are pushing a less radical tax-simplification strategy. Their plan would set three rates: 14% on individual incomes up to $25,000; 26% on amounts ranging from $25,001 to $37,500; and 30% above that level. About 80% of taxpayers would be in the 14% bracket. The Bradley-Gephardt plan eliminates many loopholes, but keeps such popular tax breaks as deductions for mortgage interest and charitable donations...
...negotiations are, "extremely important because they set the foundation of the union," said Bracket...