Word: deductionism
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
"That's a tenth [of a point deduction],"newly-minted skating expert Gondalfi said toRotondo.
The problems only begin there, though. Tax experts such as Tom Ochsenschlager, a partner at the accounting firm Grant Thornton, say it would be improper if the Clintons took a deduction in 1980 for any reimbursement of interest paid by McDougal in an earlier year.
The $13,350 that the Clintons deducted in 1980? A tax lawyer whom Lindsay has consulted on Whitewater argues that the party that pays the money is entitled to the deduction, regardless of whether the mortgaged land was conveyed into the Whitewater corporation a year earlier. Not so, counters tax...
But a follow-up study that was published in theJournal four years later, in April of 1990, failedto reproduce Fossel's results. Indeed the study,which was conducted by a team of scientists inNorway, reached exactly the opposite deduction.
Some groups will find no change whatsoever in their income-tax liability. Under current law, an individual earning a total of $44,000 will end up with a taxable income of $37,950 after using the personal exemption and standard deduction. At that level, the IRS will insist on receiving...