Word: deference
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...sale of four-fifths of his San Clemente property to Pals Bebe Rebozo and Robert Abplanalp in 1970, and that his decision not to do so was accepted by the Internal Revenue Service. If he did not pay a tax - and did not, for complicated technical reasons, defer it - the President must have claimed that he realized no profit on the transaction. Yet Nixon managed to keep his house and six acres of choice waterfront land while selling off 80% of his property for 83% of his purchase price. How such a deal could avoid a capital gains tax remained...
There has been little partisan dissension among the staff, mostly because of the cooperative example set by Ervin and Baker. Though staff members are occasionally disappointed with the way a witness is questioned, and often make suggestions of their own, they all must finally defer to the Senators. Staff work is demanding. Senior lawyers interview prospective witnesses, and junior lawyers help out with such questioning when they are not doubling as investigators. Dash, Thompson and Deputy Counsel Rufus Edmisten, who doubles as Ervin's right-hand man on the staff, spend little time on the Washington social scene...
...said the admissions committee did not offer the option to the entire class in order to insure against the possibility that everyone might choose to defer admission...
Sixty per cent of the group chosen decided to enter in the year of their admission while about 40 per cent decided to defer entrance, Simpson said. However, he said that the total number of deferred students amounted to less than 10 percent of all students admitted that year...
Although the admissions committee will no longer promise a deferring student that he will be readmitted, it has in the past turned down very few students who have reapplied for admission after their leaves of absence, Simpson said. He said that "as the present policy stands, students who wish to defer are encouraged...