Word: law
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Dates: during 1960-1969
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...Broadway pornocrats have finally run into the law. Che! was shuttered by the police after the second night's performance, and the cast, production staff, director and playwright were charged with "consentual sodomy, public lewdness and obscenity." Should the show never reopen, it would be a boon to untold thousands...
...work has been largely denied to salaried people. Instead, the road to riches twists through the thickets of tax avoidance. As a result, an inordinate number of man hours are spent in figuring out ways to outwit the collector. Because of its sheer intricacy, the tax code is one law that many Americans cannot even obey unaided. Providing such aid has created a flourishing literature of tax-tipstering and a thriving industry for lawyers and accountants, who pocket substantial fees...
Ideally, Congress should scrap the entire unwieldy tax code and start over with a law almost free of exemptions and .with rates as much as one-third lower than those now in force. "Short of a whole new law, Congress might quell much of today's uproar by closing some of the more flagrant routes to tax avoidance, which deprive Treasury of $50 billion a year in potential revenue...
...would have to pay more than 50% of his total income in federal income taxes. Officials of the Nixon Treasury and many reform-minded Congressmen rightly fault that idea as merely papering over today's loopholes. The plan would end none of the questionable favoritism in the present law. Moreover, it would allow the rich to pay something akin to a cheap license fee for the right to go on using loopholes...
...tions for individuals, boosting the amount somewhat above the outdated $600 level enacted 21 years ago; 2) charitable contributions, without the appreciated-property loophole; 3) state and local sales and income taxes but not state gasoline taxes; and 4) business expenses, but with tighter controls against abuses. The current law covers a rather liberal range of activities. Last week, for example, Topless Dancer Marlene Sherman of San Francisco proudly announced that the IRS had agreed to let her deduct the $1,300 cost of a silicone operation that swelled her bustline from 34 inches...