Word: deductionism
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Fully half of Dawson's pay--about $24 an hour plus overtime--goes directly, by payroll deduction, into Ford's employee stock-purchase program. Since he began buying Ford stock in 1956, it has returned 13.7% a year on average, outpacing the S&P 500.
By deduction, he wrote, the decision to terminate pregnancy was not with in the legitimate sphere of governmental action, concluding, "A right of personal privacy...is broad enough to encompass a woman's decision whether or not to terminate her pregnancy."
Alternative minimum tax. Designed to afflict only the superrich, this monster increasingly soaks the middle class. More than 1 million taxpayers will owe it this year, and 9 million by 2008--including many earning considerably less than $100,000 a year. Little more than a decade ago, fewer than 100...
No, the sheet inspectors are on both sides. In fact, you could argue that Flynt and Scaife are just Democratic and Republican versions of the same person: neither is troubled by scruples, but the Republican, like those Republicans we saw on the House Judiciary Committee, is tidier and seems to...
If you're in the midst of refinancing your mortgage a second time, get it done before year-end. Any points you paid on the earlier refinancing become immediately tax deductible. If you refinanced into a bigger mortgage and used the difference for a home improvement, you can take an...