Word: coded
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Dates: during 1970-1979
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...American Navy officer, code-named "Ed" by his Soviet contact, slowed his car on New Jersey's Garden State Parkway near Woodbridge. On the side of the road, at a prearranged spot, he nervously dropped an orange juice container stuffed with documents describing the U.S. Navy's top secret method of tracking enemy submarines...
...Wallace proved extraordinarily popular not only in the South but among disaffected whites in the North too. He asked them to "send a message to Washington." He promised to "shake the eye teeth of the . . . pointy-headed bureaucrats." He galloped along shouting "law and order" as a code term for anti-black prejudice, and although he lost the Democrat ic nomination to Lyndon Johnson, he captured 29% to 43% of the vote in the Indiana, Maryland and Wisconsin primaries...
Paying income taxes is a headache at best, but not knowing how much you owe calls for a double gulp of Excedrin. For the second year in a row, 150,000 Americans working abroad face that situation as a result of a 1976 tax code amendment that would sharply increase their taxes. The amendment would add much to the costs of firms doing business abroad and hurt the nation's trade balance by making it harder to sell U.S. goods and services in foreign countries. Businessmen have protested so persuasively that Congress delayed enactment of the amendment...
...only major industrial nation that taxes its citizens who work abroad. They also have to pay taxes to the host countries, and many of these have steeper rates than does the U.S. To alleviate this double burden, the U.S. tax code has long provided two moderate loopholes. First, overseas taxpayers could exempt up to $25,000 annually from U.S. taxes. Second, they could claim a credit for any foreign income taxes paid. The amendment would chop the exemption to no more than $15,000 a year and limit the credits for foreign taxes. It would also tax the excess...
...system. The destruction could be accomplished silently and invisibly-in the name of tax reform. The threat lies in proposals that would reduce, directly and indirectly, the charitable contributions Americans itemize as deductions from taxable income. And there are even those who, with the intent of simplifying the tax code, would eliminate such deductions entirely. With due respect to the reformers, the alarm should be shouted: Our tradition of private giving for public purposes is endangered by some of their good intentions...