Word: brackets
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...loan to buy a new automobile many years ago when interest rates were low. Well, that man used that automobile as a getaway car in several armed robberies. But I'm happy to say that our current high interest rates make automobiles unaffordable to a man in his income bracket...
...robbery was the biggest in the history of a nation famous for high-bracket heists.* By comparison, in the 1963 Great Train Robbery-Britain's most notorious caper and until recently the richest-thieves escaped with a relatively modest $7.3 million in bank notes from the Glasgow-London Royal Mail train near Mentmore, England. This year, however, the records have been falling fast. On Easter Monday, a team of masked men invaded the Security Express depot in London and made off with an estimated $10.5 million in cash receipts. Two months later, five armed men, three of them disguised...
...singles bracket, Harvard's top freshman prospect, Bill Stanley, trounced first-seeded Ted Farnsworth of Princeton before losing in the finals to Yale's Martin Wostenholme in three sets...
...doubles, Harvard's Larry Scott and Dave Clark lost in the semifinals to Yale's top pair, the eventual champs, 5-7, 6-4, 6-1. In B doubles, Beckman and Stanley lost to a pair from Brown in the second round, while in the C bracket, the netmen were more successful as Rob Loud and Darryl Laddin pulled out an exciting three-set victory against Princeton...
...entitlement" programs, such as pensions, welfare and veterans' benefits, would be held down to a figure three percentage points below the rise in the Consumer Price Index. Thus if prices rose, say, 5%, spending on these programs would be increased only 2%. Similarly, the indexing of income tax brackets scheduled to take effect in 1985 would be modified. Under present law, if prices rise 5%, a taxpayer's income would have to rise more than 5% before he was pushed into a higher tax bracket. Under the bipartisan bills even a 2% increase would cause many...