Word: deductionism
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> The temporary $200 exclusion ($400 for couples) on savings-account interest and dividends would be made permanent, and the $1,500 a year deduction for money deposited in an Individual Retirement Account (I.R.A.) would be raised to $2,000.
The search for the yacht went badly. Neither the Navy nor the Customs Service could find what the White House was looking for. The President's men had their eye briefly on John Wayne's old converted minesweeper, but the price was $2 million; the President had been...
Pechman warned that the Reagan tax cut program in fiscal 1984 would take away $150 billion in revenues from the Government, leaving no room for savings incentives or such other popular proposals as elimination of the marriage penalty, lowering the top tax bracket from 70% to 50% on unearned income...
Agnew will appeal the verdict. Even if he loses, he will not suffer too much financially. Should he have to repay the $248,735 to Maryland, Agnew, who now lives in Palm Springs, Calif., presumably could claim the full amount as a federal tax deduction against the high income he...
Like Sherlock Holmes' deduction from the dog that did not bark in the night, an Administration is sometimes marked by an appointment that was not made. One example last week was that of current Federal Trade Commissioner