Word: limiteds
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Dates: during 1950-1959
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Actually, there is no limit to the uses of trusts and charitable donations to cut taxes. One Chicago executive in the $100.000 bracket, who wanted to spread his tax credit over a period of years, donated his $25,000 yacht to a university in two sections, half one year, half the next, got a $12,500 deduction each year. But tax lawyers warn that anyone who hopes to save money by giving it away had better read all the fine print in the law since the Internal Revenue Service rates each scheme on its individual merits...
...size of Harvard's Graduate School of Arts and Sciences, according to Dean J. Petersen Elder, depends on the size of the senior faculty in the various departments. Because graduate work involves a much closer professor-student relationship than undergraduate study, there is a strict limit to the number of graduate students any one department can handle...
Grades suggest first that the ideas and facts presented are not in themselves interesting, and second that what is worth knowing about a given subject has definite, readily attained limits. The A symbolizes them, and sets a limit of its own on effort in a course...
College administrators and grad school admissions officers say that they are satisfied with grades as forecasters, though they readily admit that a personal appraisal is superior, when they personally know the candidates for some award. But the idiosyncrasies of far-flung deans limit the wide application of such an approach...
Every bit as careful as Sam, the Speedway management had also tried to play it safe. The limit on piston displacement for engines without superchargers had been lowered from 274.59 to 256.284 cu. in. (the limit for supercharged power plants was 170.856 cu. in.), on the theory that less power would mean less speed. It meant just the opposite. Smaller engines allowed smaller cars. The "bombs" that turned out for the 500 had never been lighter, had never handled so well on the turns. As a result, the first ten to finish all beat the late Bill Vukovich...