Word: kleine
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Clients are besieging tax advisers with questions about what to buy and what to sell before the end of the year. The stakes are hundreds or even thousands of dollars in tax savings for 1986 alone. Says Alan Klein, a Roslyn, N.Y., dentist and investor: "We're suddenly in a new world...
...Reason: the losses will no longer be deductible against regular income. That has already prompted taxshelter enthusiasts to start urgently searching for new investments. This time, however, taxpayers have begun to evaluate investment schemes from a completely opposite perspective: they will be looking for income instead of losses. Says Klein, the New York dentist: "We have grown up believing that sheltering income against taxation is more important than making money. Now we must adjust to the brave new world in which you keep more of what you make without gimmicks. It's too simple and sensible to be American...
...there, Richie understood that this wasn't a dream at all . . ." The Disgusting Colloquialism: "She drew in a great, hitching breath and hocked a remarkably large looey onto the top of his head." The Brand-Name Maneuver: "Here sits a man with Bass Weejuns on his feet and Calvin Klein underwear to cover his ass." The Comic-Strip Effect: "Whack-whack-whack-whack -- And suddenly it was in his hands, a great living thing that pumped and pulsed against his palms, pushing them back and forth. (nonononononono)." The Burlesque Locution: " 'Good ahfternyoon, deah lady,' Richie said in his best Baron...
There was a light drizzle, but in Italy that is considered good luck for the bride. Only a week after word of their engagement leaked out, Designer Calvin Klein, 43, and Kelly Rector, thirtyish, an assistant in his firm, stitched the knot in a secretive civil ceremony in Rome. Why Rome? "I've never been before," smiled the radiant bride. The couple slipped quietly into the red room of the historic Campidoglio on Capitoline Hill and exchanged vows in front of the councilman for the city police. (The mayor sent his regrets.) Afterward, the pair posed briefly for photographers...
...marks the fifth anniversary of the museum where the Ford Administration's documents are stored -- "in a Dixie cup," according to Paulsen. "It's very exciting here," he said, "if you happen to be a monk." Among those joining the three days of discussions and routines: Art Buchwald, Robert Klein, Mark Russell, Mort Sahl and Chevy Chase, Cartoonists Jeff MacNelly and Berke Breathed, assorted presidential speechwriters and House Speaker Tip O'Neill, who broke a solemn vow against singing in public by serenading Betty Ford with When Irish Eyes Are Smiling. Muttered O'Neill as he shambled off the stage...