Word: deductables
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...suggest that students who want to sell books ask about 60 percent of the price they paid for them," Lofchie stated, "and, since there is no profit for us to deduct, we sell them for that price, which often turns out to be almost a third loss than the same book would cost at one of the local stores. In that way, both buyer and seller get an unusually good deal...
...Every time the window washer comes over I wonder if I can deduct the cost as a job expense,” Collins joked, eliciting one of a series of loud chuckles from the audience...
...hall. But get past the reformist posturing, and the proposed new laws add up to half-measures. They would restrict but not eliminate conflicts of interest among accounting firms and stock analysts. With Bush's support, both houses of Congress beat back an amendment that would require companies to deduct from their earnings the cost of stock options given to executives and other employees, as if they were cash or outright grants of stock. That measure was backed by Federal Reserve Chairman Alan Greenspan as well as investor Warren Buffett as essential to remove perverse incentives that today encourage...
...executives would help address the problem. Another good idea is letting shareholders approve every grant of stock options. But it's the kind of compensation--in the form of stock options--and the perverse incentives that come with it that pose the biggest concern. Because most corporations do not deduct the cost of options from their bottom line, CEOs have no reason not to stuff their pockets with options. So far, Bush has declined to address this crucial accounting issue, and Arizona Senator John McCain's attempts to push it were blocked last week. But in an encouraging development, West...
...quite high--in the millions for many. But you must, according to the rules of the fund, subtract all the money you are getting from other sources except charities. A court settlement would not be diminished this way, but this is not a court, Feinberg repeatedly points out. Deduct life insurance, pension, Social Security death benefits and workers' compensation. Now you have the total award the government is offering you for your loss...