Word: deductible
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Dates: during 1970-1979
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Federal policy, reaffirmed by Congress in 1938, allows a donor to deduct from his taxable income the value of appreciation on a security given to a nonprofit institution...
...previous years. Harvard has aided the Fund's collection by allowing professors to deduct contributions from their monthly paychecks. This year, for the first time, Bok's appeal gave professors the opportunity to specify charities other than the United Fund: Barker, Pettigrew and other professors will likely do just that...
...previous years Harvard University has aided the United Fund collections by allowing professors to deduct a certain sum from their monthly pay checks to be sent to the United Fund as a contribution. This year, for the first time, Bok's letter gave the professors the opportunity is specify charities other than the United Fund...
...were elected he would close $22 billion dollars worth of tax loopholes which now exist. In his rhetoric, McGovern also tries to portray himself as a friend of the little man. In speech after speech McGovern says that "there is no reason why a Wall Street banker can deduct his $20 martini luncheon and the average working guy in this country can't deduct the cost of his bologna sandwich...
...property taxes for the elderly only. Administration officials hint that they have in mind some other tax reforms that would encourage investment; these changes look like the opposite of McGovern's. Commerce Secretary Peter Peterson talks of cutting capital gains taxes. The idea is to allow investors to deduct certain sums representing the extent to which the real value of the gain has been reduced by inflation...