Word: exceeding
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...Middle-class and lower-income families would have to pay tax on many types of income that now escape federal levies. Unemployment compensation, workmen's compensation for injuries, and miners' black-lung benefits would be fully taxable, while at present, unemployment payments are taxable only to families whose income exceeds $18,000 a year and the other two types not at all. Employees would have to include in taxable income $120 a year of medical-insurance premiums paid by their bosses if single, $300 if married and filing joint returns. Of particular concern to the middle class, individuals would have...
...contributions could be deducted in most cases in full, but only if a taxpayer itemizes expenses; present law allows a deduction of as much as $300 next year, even if the taxpayer has no other itemized deductions. Medical expenses would continue to be deductible to the extent that they exceed 5% of gross income...
...million in penalties assessed against General Electric, for example, amounts to less than eight hours' worth of profits for the company. Daniel Fischel, director of the economics program at the University of Chicago law school, points out that the gains a company reaps from violating the law sometimes exceed the penalties, making it the most economically efficient thing...
...local taxes, including the property tax. Treasury I had proposed that workers must consider as taxable income various fringe benefits, such as health and life insurance; Treasury II will probably recommend that most such benefits escape taxation. Contributions to charities will remain deductible, but probably only if they exceed 1% of an individual's adjusted gross income...
...varying combinations of spending cuts in about 100 meetings with shifting coalitions of Senators. But the voting lineup kept coming out the same. Faced with almost unanimous Democratic opposition, Dole needed every Republican vote. But ten to twelve Republicans adamantly refused to approve any military increase that would exceed the inflation rate...