Word: deductively
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...live in squalid shacks with communal latrines and no running water. Fruit and vegetable growers assert that they pay the minimum wage, but the money is often funneled through labor contractors who actually hire the workers. In many cases, these so-called crew chiefs, who are usually immigrants themselves, deduct exorbitant amounts from worker salaries for food, rent and transportation...
Reagan had merely requested speeding up the schedule for depreciation write-offs, but the Democrats approved a measure that would allow some businesses to deduct the cost of new equipment in the year purchases were made, a move designed to encourage investment. They also voted a gradual reduction in the top corporate tax rate from 46% to 34%, very much in line with White House proposals. After the committee votes, one Administration official observed: "If they move toward us any closer, maybe we should just adopt their bill and declare victory...
...launched the Home Oil Transfer (HOT) program, which will allow consumers who have converted from oil to natural gas to donate whatever oil remains in their tanks to the Robert F. Kennedy memorial fund. The consumers will have their oil removed free of charge and will be able to deduct the donation from their income taxes, and the oil will be resold. CEC estimates the funds arising from the resale of the oil from HOT's pilot program in Newton alone will bring in more than half a million dollars...
...property tax 70% higher than the national average. Bay Staters voted drastic relief in the form of Proposition 2½, which will limit a homeowner's property tax to 2.5% of the full market value, reduce the motor vehicle excise tax by 62% and allow renters to deduct 50% of then-annual rent from state income tax. State employees, teachers and labor leaders maintained that "2½" would force the average municipality to cut its budget by 40%, thus crippling public education as well as police and fire protection. The majority of homeowners evidently were swayed by arguments that...
...Giscard d'Estaing's solid victory in 1978 over the Socialist-Communist opposition and grew with his efforts to deregulate industry. It has been stimulated further by the Monory Law, named after Finance Minister René Monory. The statute, which was passed in July 1978, lets people deduct up to $1,200 a year from their taxable income for stock investments, provided that shares are held for at least four years. In contrast, the U.S. Congress in March passed a bill that will increase the maximum individual tax exemption for stock earnings from $100 to only $200, effective...