Word: generousity
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...present tax credit of as much as $4,800 enjoyed by parents who pay for care of their children or elderly dependents while the wage earners work would be changed to a deduction. That makes the provision much less generous, since a credit is a straight subtraction from tax due while a deduction is only a reduction in taxable income. A credit of $1,000 reduces a family's tax bill by $1,000. A $1,000 deduction would lower taxes by $150, $250 or $350, depending on whether a family was in the 15%, 25% or 35% tax bracket...
...real estate operators are aghast. The tax changes specifically targeted at their industry, such as the extension of the "at-risk" rule for shelters and new guidelines on what profits qualify for capital-gains treatment, are just the start of their troubles. Like other businesses, they will get less generous deductions for depreciation, and that is an especially important item for them, since their business consists so heavily of dealings in those highly depreciable properties, buildings. Adding up all the ways in which realty taxes will be increased, Chris D'Ambra, a San Francisco insurance broker who has been reducing...
...forty paces. This is a wise choice, for Epstein wields a pen like the most powerful handgun in the world, and in the course of the book, blows several heads clean off. Listen to him describe John Leonard kill a party of eminent essayists, into whose company an over-generous critic placed him. Epstein too is in attendence, but of all contemporary writers I disesteem John Leonard easily heads the lists. I do not want to be of his company. Indeed, at the very mention of the name John Leonard it seemed that Montaigne threw his mantel across his shoulders...
While they generally favored the proposed reduction of tax rates on business, board members attacked other changes in the treatment of corporations. Feldstein, who supports the investment tax credit and generous depreciation allowances now available, called some of the suggested revisions "rather misguided." The Administration's plans to drop the tax credit and tighten the depreciation write-offs, he argued, would discourage companies from building new factories and adding equipment...
...earlier version proposed treating capital gains as ordinary income and thus taxable at up to 35%. Treasury II would retain roughly the current rate for these gains, a maximum of 20% for individuals, and may even phase in more generous treatment later. Business leaders have been fiercely fighting to protect accelerated depreciation, which permits companies to take write-offs for new investments more quickly than those assets depreciate. The new plan will retain some form of speeded depreciation. In addition, the oil and gas lobbies are likely to win the retention of such tax breaks as oil-depletion allowances...