Word: lumping
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Dates: during 1950-1959
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...annuitant had recovered the cost taxfree, the entire payment became taxable. Persons already receiving annuity payments may convert to the new formula, but in computing the exemption, they will have to deduct from the original cost the amount already recovered taxfree. Another change helps the taxpayer who receives a lump-sum payment under an annuity contract: he can compute his tax as if the sum had been paid in three equal installments in that year and the two preceding years. This same privilege will apply to taxable lump-sum payments under endowment or life-insurance contracts...
...millions of them, have died as bravely before-and not long before. The defense and fall of Dienbienphu raised a lump in the world's throat not because the quality of courage displayed there was unique but because Dienbienphu was set apart, catching the eye and the heart by contrast. It was geographically isolated. It was a pitched battle, one of the few in a shapeless, sceneless guerrilla war. Tactically, the defense was conducted with a coherent resolution of command; from inside Dienbienphu there came from first to last not a sign of hesitation or doubt about what...
Britain's Princess Margaret laid aside her mink coat, put on a white overall and helmet, descended a quarter-mile into a coal mine near Nottingham. Chipping off a lump of coal with a pickax, she said: "I'll have to get this mounted!" When a cutting machine wafted some coal dust into her mouth, the miners beamed as the princess cried, "It tastes delicious...
...their praise. Kerr, a quiet-spoken man, feels it will take some time before he can be objective, as a critic, about the play he directed. "Right now," he says, "I'm being a deliberate schizophrenic." Jean is more exuberant. "Walter," she says fondly, "is just naturally a lump...
...happened to make a remark to President Griswold: "Look, Princeton has its Jefferson. Why don't we have Franklin at Yale?" Griswold promptly began consulting with the Yale University Press, then started raising the money. Most of the $600,000 which the project will cost came in one lump from TIME Inc. on behalf of LIFE, the Philosophical Society contributing the balance. After that, Griswold and Roberts decided to go ahead...