Word: deduction
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Dates: during 1940-1949
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...years. He kept a horse, too, and it followed him like a big dog. But it was the cows that stirred up the Government. The Bureau of Internal Revenue ruled that Warrington must pay income tax on his milk & butter money, but it wouldn't let him deduct the expense of feeding the cows...
...Joseph Bennett, 26, a Navy veteran working as an investment analyst in Wall Street, and William Arrowsmith, 23, a 1948 Rhodes scholar, have been two years launching Hudson Review. As a nonprofit literary venture, they got $6,600 in working capital from friends (who hoped to deduct the contributions from taxes), and for a mailing address used the Manhattan home of Morgan's father, Sapolio Soapmaker John Williams Morgan...
...require employers to deduct union dues from any envelopes unless the workers agree...
Farmer Hans Schweiger explained his position last week: "My farm will yield 6,000 marks this year, from which I'll have to deduct 500 for taxes, 500 for the blacksmith, and 1,000 for seed and fertilizer. That leaves me 4,000. A pair of shoes for my wife costs me 800. I consider myself lucky when some city fellow brings me a few nails or machinery to trade in for bread and potatoes." Said Farmer Friedrich Sticht grimly: "Before the farmers starve, every single city dweller will starve first...
...York, officials at the International Beauty Show figured that the U.S. woman's face depreciates at an $85-a-year clip, reasoned that she should be able to deduct facial repair costs from her income...