Word: deductables
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...beginning of the academic year, when paying tuition, students need only deduct $20 from their term bills and explain to the billing office the reason for doing so. The office will automically deduct $16.67 of the $20 council fee for you. Then one of Harvard's 10 student billing representatives will take care of the rest, including writing the official letter to Dean Epps's office for the final $3.33 refund...
...card can also carry specific dollar values. Newspapers like the Philadelphia Inquirer are testing $10 cards that would deduct 50 cents each time they are inserted in news racks. No more fumbling for loose change. Telephone companies are issuing cards good for so many minutes of calling time. And a brand-new electronic highway toll system developed by AT&T and Lockheed in Orange County, California, lets drivers pay without stopping. Radio receivers pick up signals from dashboard-mounted cards as vehicles zip through toll lanes. The fees are deducted directly from the drivers' bank accounts. Says Bob Bess...
...fastest-growing charge cards are the ones that automatically deduct money from checking accounts. The amounts riding on such debit-card use could zoom nearly 600% over the next eight years, according to H. Spencer Nilson of the Nilson Report, an Oxnard, California, newsletter that follows this industry.While Visa's credit-card business grew 16% last year, the use of its "CheckCard" debit service jumped 47%, as consumers sought to avoid finance and interest charges...
Auditors may also question whether the Clintons could deduct the interest on the main Whitewater loan from their personal income tax report for interest payments made after September 1979, when the corporation took responsibility for the loan...
...medical bills, but the White House rejected that as impossible to get through Congress. Another idea would have been to tax somebody -- employers, employees or both -- on the medical benefits companies provide to their workers. At present most workers pay no tax on the benefits and the employers deduct the insurance premiums from their taxable profits, an arrangement that is thought to cost the government $75 billion a year. But Clinton determined early that nothing labeled as a large tax increase would fly politically. So his planners were driven to a Rube Goldberg scheme of mechanisms designed to hold down...