Word: deductionism
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Corporations would also pay a 19% rate, rather than their current maximum of 46%. They could deduct the cost of new equipment immediately instead of writing it off over several years. But companies would actually pay more than they do now because they would lose many tax breaks, including the...
Though simple and evenhanded, the Hall-Rabushka plan has at least two features that probably doom it politically. First, it calls for a low 19% tax rate on even the richest of taxpayers. Second, it does away with many tax preferences, like the deduction of mortgage interest, that millions of...
"I want art to look back at me," Surls told an interviewer a few years ago. "If it doesn't you might as well bury it in your backyard." There is a lot of autobiography in Surls' work, but some anguish, too, mingled with self-mockery. Of course...
The shelters have one thing in common: for a relatively small investment, often much of it borrowed, a large tax deduction is generated. Under the 1981 law, most of the write-off can usually be taken in the first year. An investor, for example, might put up $20,000, or...
HOLSTEINS. Dairy cattle graze on some of America's lushest farm land. Investors buy cattle from places like Stookey Hoisteins, Inc., in Leesburg, Ind., which advertises in publications like Wealthbuilding. Then gains start flowing. First, the investment, over a five-year depreciation period, counts as an "off the top...