Word: deductability
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...Morgan loaned him $20,000. Stevens, in accordance with usual banking practice, assigned to Morgan (as collateral for the loan) the whole lot of 5,000 carbines and agreed that the check from the Government should be made out in Morgan's favor so that he could deduct from it his advances and turn over the balance to Stevens. Thirty-eight days after making the loan Morgan received the Government's payment for 2,500 rifled Hall carbines at $22 apiece. He repaid himself the $20,000 with interest, commission, costs of rifling, packing, insurance, etc., and after...
Confusing moral which uplifted youngsters might deduct from this camel's tale was: Never be bumptious but never fail to be bumptious when you ought to be. Chances seemed even that many a young reader, stifling a yawn and an out-of-step feeling that Author Boyle's camel was not only a dromedary but an allegory, and too consciously cute, would leave the book where their less jaded elders would be sure to find and enjoy...
...provision to carry over net business losses and deduct them from business profits of future years. "A business with alternating profit and loss now pays higher taxes over a period of years than does a business with stable profits although the average income of the two firms may be equal...
Last week, as a "final offer," the operators' spokesmen proposed not only to continue checking off (i. e., collecting) the dues of Lewis miners, but to deduct an equal amount from nonmembers' paychecks as well and hand it over to the union. In addition, they would promise to deal only with the Lewis union in so far as the Wagner Act permits. John Lewis pondered it, finally agreed with his own lawyers that it was probably illegal...
...article claims you can deduct alimony monies that you pay from your gross earnings...