Word: deductionism
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> The same proportional increase will apply to standard deductions. Those for single taxpayers will rise from $2,300 to $2,390. For joint returns, the deduction will go from $3,400 to $3,540.
What this parish and its 950 families needed was a parish hall. With a separate facility for bingo, dances, the women's club, the men's club and other functions, the church could get rid of its collapsible chairs and pray from the proper seat of religion, pews...
To this unforgiving apparatus was added the obligatory flap over judging, without which no gymnastics meet would be complete. Like figure skating, gymnastics is a subjective sport: performance is in the eyes of the judges beholding it. National loyalties and geopolitical considerations being what they are, the beholder can cast...
Your roundup of proposed ways of making the federal tax structure fairer and more productive, "Tax Ideas from Flat to VAT," is incomplete. The House Ways and Means Committee has before it my progressive consumption-tax proposal (H.R. 4442). The consumption tax would drastically reduce the number of exclusions, deductions...
Critics of Reaganomics maintain that low-income Americans are now carrying a heavier tax load than they were in the 1970s. One reason: tax breaks that are of greatest value to the poor, including the standard deduction, personal exemptions and the earned income tax credit, have not been increased to...