Word: earn
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Dates: during 1970-1979
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...House bill trims individual income taxes by $10.5 billion, mainly through the device of widening the brackets so that people will not move so quick ly into higher ones when they earn more money; it thus softens the impact of inflation on taxes. Other elements...
...Landess, 38, a psychotherapist, and his wife, Marcia McBroom, 28, an actress and model, live in Manhattan and between them earn $80,000. But, Ira contends, they are still struggling to keep their heads above water. Says he: "We have no exorbitant expenses, but it is not easy to save." Perhaps so, but they rent a two-bedroom penthouse at $616 a month, take lots of taxis, go on frequent overseas vacations, eat in gourmet restaurants and have a housekeeper who helps look after their baby. Ira believes that "you can make do with one income, but you get accustomed...
...John and Betty Jacobs, both 31, have a combined income of about $75,000 a year as attorneys for two Chicago law firms. They earn far more than their parents, whom they now help support. But they have little savings, and last year borrowed to pay their taxes. They live in a comfortable home on the affluent North Shore, for which they paid $67,000 in 1975. Even with debts from their college days, they manage to vacation in Paris and San Francisco. "We are able to be self-indulgent," says Betty. "I don't worry...
...Slay, 30, and Fay Dunson, 27, have been married only 18 months and, without going on an austerity budget, they have already saved $11,000 toward a down payment on a house. Both work for Xerox near Los Angeles, and they jointly earn $48,000. They take frequent "little jaunts" to San Diego, San Francisco and Las Vegas and a longer holiday in the East once a year. Recently, they bought a new second car; they rent an expensive two-bedroom duplex complete with spiral staircase and a swimming pool for residents of the complex. "Fay is the fiscal conservative...
...social lives; children must be postponed or reared by proxy, and there can be conflicts over moving to take better jobs. That is why quite a few of the new elite feel like Van MacNair, 34, a Washington tennis shops manager. He insists that he would like to earn enough to give his wife Gretchen, 31, a chance not to work; but Gretchen, who works for a mortgage group, maintains that "a couple like us cannot get by without two incomes...