Word: netting
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Dates: during 1970-1979
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...O.P.M. (other people's money), reports that the nation's millionaire population, helped along by inflation, has in the past decade been growing at an average annual rate of 14%. Today, the company calculates, precisely 519,834 Americans-or about one in every 424 citizens-have a net worth of $1 million or more. In 1972, by contrast, the Government count of millionaires was "only...
...moving to Sunbelt states to enjoy their riches. Skilled professionals in fields such as neurosurgery and the law now make enough in fees to enable them to enter the millionaire class rather rapidly. In addition, top corporate executives are fairly often able to pile up a seven-figure net worth over the years...
Last year Data Resources had a net income of $3.1 million, up 23 per cent from the year before...
...helper and, like an artilleryman ram-rodding home a shell, nudges the chicken's tail feathers and plunges it into flight. Beneath the launching platform is a triangular corral, several hundred feet long, fashioned with snow fences. In it waits a squad of small boys cradling large fish nets. As each chicken takes flight squawking in protest and spraying feathers, a boy dashes along its trajectory to net the flyer at its point of touchdown with the skill of an Izaak Walton landing a plump trout...
...budget reduces the highest income tax rates (for those earning a net income of more than $50,000) from 83% to 60%; the standard rate will drop from 33% to 30%. Personal exemptions will be raised, effectively severing 1.3 million more Britons from the tax rolls. To replace the estimated $9.5 billion in lost revenues from the reduced income tax, the budget calls for an increase in the value-added tax (VAT), a national sales levy that is applied to all but essential goods and services. VAT rates, which vary from 8% to 12.5%, will move up to 15%. That...