Word: brackets
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...devised a simplified income-tax table which has already saved the Government $95,199 and is expected to save $250,000 annually, was rewarded with a $675 cash prize, less $121.50 tax, which added enough to his year's income to throw him into a higher tax bracket...
...right." Whether correct or not, it is true that much of Dudley's efforts to organize teams is aimed at supplementing the negative spirit of opposition with a positive drive for taking part. Last year the Center was unable to field teams in golf, fencing, or the squash "A" bracket. Part of the trouble was the expense of green fees, and inexperience with the sports. But the biggest limitation was the unwillingness of most students to add the time burden of playing and practicing for a team to the hours spent commuting. As a result, Dudley finished in the cellar...
...devised a simplified income-tax table which has already saved the Government $95,199 and is expected to save $250,000 annually, was rewarded with a $675 cash prize, less $121.50 tax, which added enough to his year's income to throw him into a higher tax bracket...
...definitely object to the imposition of such a fee," Bender stated. "It would cut down our applications just where we don't want it to. It would tend to discourage the boy in the lower income bracket from applying. But we have to balance this consideration against the need of saving say $40,000 a year which could be plowed into other worthwhile needs...
...yearly income bracket, for example, one $600 exemption should make a difference of $133. In the $5000 brackets, the difference could be $140 or more. $130 to $150 seems like a small amount; but it can often be a huge sum for families in the below $5000 income bracket who are trying to help their sons through college...