Word: deductionism
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Dates: during 1990-1999
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The University is watching the budget reconciliation bill as well with the hopes of making favorable changes to the proposed tax deduction for gifts of appreciated property.
In the end, the deductibility debate will not be decided by facts and revenues, for at its core are the more peppery issues of politics and fairness that have long made the "three-martini lunch" a hot topic. "A businessman often needs a congenial atmosphere away from the office in...
Clinton's plan not only raises the top corporate tax rate to 36%, but also restores much of the fiscal macrame that enriches lawyers and tax accountants. The real estate industry, a staunch Clinton ally, makes out very nicely. A proposal to limit the mortgage-interest deduction for upper-income...
That's what Mary Grigsby learned as she waited on tables for the corporate executives, lawyers and politicians who frequent the club. She watched them carefully keep track of their receipts so they could write off their cocktails and meals as a "business expense," subsidized by average taxpayers who enjoy...
The ruling was handed down in the case of Dr. Nader Soliman, a self-employed anesthesiologist who spent 10 to 15 hours a week working out of the spare bedroom of his home in McLean, Virginia. Soliman also worked a total of 30 to 35 hours each week in three...