Word: brackets
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...capital gains (i.e., profits made from the sale of anything from a house or business to stocks and bonds) was first imposed in 1922, set at 12½% for gains held two years. Before that, such gains had been taxed as regular income (top bracket: 70%). Thus the principle was recognized that a gain in capital, which might take years to make, should not be taxed at the same rates as yearly income. If it were, then the man who had spent years building up his business and, in effect, deferring his capital gain from it, would be in such...
...addition to spreading more information, brokers are going to have to do some leg work to get new customers. In the upper-income bracket ($10,000 and over) 65% of the people who have never owned stock reported that they had never been in contact with a broker, and half the adult population does not even know where to find a broker...
...plan to exempt all college expenses looks very helpful," Raymond F. Howes of the Council said, "but this plan encourages student extravagance, costs the government a great deal, and affords most of the relief to upper income bracket parents who don't need it while doing little or nothing for the people who really feel the pinch...
...league, Otis Dewan of Dunster and Michael Pizitz of Adams are the leading houses' scorers. Kirkland's representative in the sharp-shooting bracket are Harold Sadowsky and George McGarrity, who trail Dewan and Pizitz by only a few points. Pizitz and McGarrity also top the league in single game highs...
Lower income bracket students would not gain much directly, however, for they can claim the 30 percent credit only on the part of their tuition not covered by scholarship...