Word: jannings
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Dates: during 1980-1989
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...will be subject to fines of from $250 to $10,000 for each illegal alien they hire; they will also be responsible for checking the birth certificates or passports of prospective workers. The new law grants amnesty to illegal aliens who can show that they entered the country before Jan. 1, 1982, and have lived here continuously since then, a provision that may benefit as many as 8 million people. Congress provided $4 billion to states to help defray increased costs for schools and social services used by newly legalized aliens...
...cheered the tummlers, a Yiddish word for exuberant entertainers. The performers themselves were a nation of immigrants: David Daniel Kaminski, Aaron Chwatt, Jacob Pincus Perelmuth, Morris Miller, Eugene Klass, Joseph Levitch, Milton Berlinger, Joseph Gottlieb. All are better known under their noms de borscht: Danny Kaye, Red Buttons, Jan Peerce, Robert Merrill, Gene Barry, Jerry Lewis, Milton Berle, Joey Bishop...
Another reason for making large purchases before Jan. 1 is that the deductibility of interest charges on consumer loans will gradually be phased out over a four-year period starting in 1987. But consumers and the lending industry have already hit upon an alternative: the home-equity loan, which is secured by a house or condominium. Interest on such loans will remain deductible, within some limits. "You go out and buy a new washer and dryer and still get to deduct the interest because in effect you're paying for it with a home-mortgage loan," says Kinzie, the Chicago...
Many deductions will remain allowable but will save taxpayers less money next year because tax rates will be lower. One such write-off is charitable giving, and many nonprofit groups are urging taxpayers to make donations now rather than waiting until after Jan. 1. Combined Jewish Philanthropies of Greater Boston has notified patrons about the tax advantage in its monthly billings and is getting better-than-usual payments on pledges. Dartmouth College plans to send a two-page tax advisory to 57,000 of its supporters to stimulate pre-1987 donations. Manhattan art appraisers are swamped with requests to evaluate...
...because such items will be treated less liberally next year. That means many consumers will be paying reasonably far in advance for everything from magazine subscriptions to, yes, accountant's fees. Tax advisers have even suggested to their clients that they might want to schedule elective surgery before Jan. 1 because a taxpayer's medical expenses will have to be much higher next year -- 7.5% of gross income, compared with 5% currently -- before any of the costs can be written...