Word: earners
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...been forced to become two-earner families, and are still being hit with the triple whammies of higher Social Security, inflation pushing them into higher income-tax brackets, and those property taxes. They feel put upon." Commenting on Proposition 13, Florida's Democratic Congressman Sam Gibbons declared: "It's one of the healthiest things that's happened in a long time. I thought California was the most overbloated state government I'd ever seen, and the Federal Government is overstuffed and can stand a lot of trimming down...
...exceptional handful did spectacularly well in 1977, even though their raises were not much. The nation's biggest executive earner was Henry Ford II, chairman of Ford Motor Co. Last week the company announced that his salary and bonus edged up 2%, to $992,000. In all, General Motors Chairman Thomas Murphy earned $975,000, an increase of 2.6% over the year before. Mobil Chairman Rawleigh Warner Jr. got $725,000, up 4% from 1976. (For some other high executive moneymakers, see listing...
Reader Torey Stanley of Oneida, Tenn., calls Social Security "truly a farce" [Nov. 28] and reports that he was denied benefits after an accident at age 22 because he "had not worked the past five out of twelve years." A wage earner disabled at 22 who meets all other requirements needs as few as six calendar quarter-years of work out of the past twelve to be insured, not five years...
Toffler's theories about the disaffection of many members of modern society would infuriate any Marxist. The problem with society today, Toffler says, has little to do with the separation of the wage-earner form the fruits of his labor or the inability of modern man to realize himself through his work activity (alienation). Quite to the contrary, Marx was making his own biased psychological presuppositions when he decided that man could never be a happy cog in the industrial machine, even if he were well-greased. Toffler attributes modern man's problems to natural difficulties in adapting...
...least another year before the reforms can be transformed into law. Touching any provision of the tax code hits a raw nerve-and not always a selfish one. Treating capital gains as ordinary income, for example, would penalize not only the very rich but also the middle-income salary earner trying to build up an estate for his children through investing in common stocks or real estate. Also, the elimination of the capital gains break might do more to restrict the flow of funds available for much-needed business expansion than the more generous investment tax credits, and new break...