Word: deductionism
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Surrey said he would prefer to see all tax loopholes removed but accepts the political need to keep exemptions such as the deduction for charitable contributions in the proposed legislation
The docket now facing the Justices is not only the heaviest ever but one of the hottest in recent years. Among the more emotional issues is abortion and whether states or localities may restrict it by requiring, for example, parental consent for minors. The Justices will also rule on the...
Delta helped the drive indirectly by providing fund raisers with a room, some desks, and the use of its teletype equipment for soliciting efforts in behalf of "Project 767." Last week each Delta employee's pay envelope included a pledge card asking for a voluntary salary deduction over the...
Two weeks ago the Senate challenged the so-called three-martini lunch by voting to slice in half the tax deduction for executive dining out. The National Restaurant Association predicted that the measure, which is part of the Senate's proposal to raise $98.4 billion in new revenues over...
The Senate's bill would cut in half the tax deduction that firms can claim on business-related meals in their communities. The measure does not apply to food served in company dining rooms or to meals out of town that are part of a business trip. The Carter...