Word: fractionation
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...Families with Dependent Children program (A.F.D.C.), the largest category of relief financed by federal, state and local funds. They require each state to determine the proportion of its children receiving such benefits as of this month and to limit the use of federal money in the future to this fraction. Because the poor bear more children than the affluent, the proportion of needy minors is estimated to be increasing from 4.7% now to 5% in 1970. Therefore states will either have to make eligibility rules more stringent, reduce the load by other means, or produce the funds themselves to support...
...this he pays no income tax, since ABC contends that it legally amounts to expenses and grants of the charitable foundation. The result is that the salary he used to earn and get taxed on is now protected; he pays taxes on only a fraction. When he dies, he leaves no large estate to be taxed; the money is still in the foundation, which has merely lost its most treasured trustee but which can easily replace him with someone else like, say, his son. The obvious attractions of the idea have brought ABC at least 250 members...
...hopeful foundation founder has to do is to satisfy a few state-set requirements, and they are usually not very stringent. Says Patman: "The IRS tries to give the impression that it double-checks all foundation operations. Nothing could be further from the truth. Only a very small fraction are checked in any given year." But IRS is now warning that it has "doubts about the legality" of ABC-type foundations and trusts. "Tax consequences to those who participate could be adverse," since the burden of proof falls on the taxpayer when IRS challenges a claimed deduction...
...gallon a year; the consumption of malt liquors (beer and ale) from about three gallons to more than 16. Indeed, beer, which contains only 4% alcohol, as against 12% for table wines, 20% for fortified wines and 40% to 50% for distilled spirits, accounted for all but a small fraction-13% last year-of the volume of alcoholic beverages consumed...
...rare instances causes mild cases of the disease. They feel that regular vaccination would scare off U.S. and Commonwealth cattle buyers, who spend millions annually to buy pedigreed British stock. The current epidemic makes the argument seem outdated. The government already owes British farmers $35 million-only a fraction of the real value-for the slaughtered herds...