Word: payoff
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Energy exploration investments have become hot tax shelters recently because the decontrol of oil and gas prices has unproved the potential payoff. In 1978 public investors put $670 million into oil and gas ventures. Last year that shot up to almost $1.1 billion. If the energy search is successful, the reward is a pot of gold. If the drilling turns up a dry hole, there is a generous tax write...
Whether the tax shelter is risky or conservative, the one almost certain payoff is an IRS audit of the investor's tax return. The Treasury Department has programmed its computers to watch carefully for people who report large tax shelter write-offs. Warns IRS Commissioner Jerome Kurtz: "Those people investing heavily in abusive tax shelters are looking for trouble with...
...teen-agers whose Pinto was rear-ended in 1978. After a dramatic trial, the giant automaker won. Last week it compensated the parents of the three girls. The total amount: $22,500. In exchange, the families promised not to sue Ford in civil court. The $7,500-a-person payoff is a mere fraction of the million-dollar settlement Ford has agreed to in some of the 50 civil suits involving the ill-fated...
...investors is finite, someone is bound to get burned, sooner or later. By last week, police had arrested 256 pyramid builders, and the craze was showing signs of fading-onlyto rise again in a less expensive form. The player invests $100, the roster contains 16 names, and the payoff is a modest $800. Enough, perhaps, to pay your lawyer if the police join the game...
...earns about $18,000 a year, but the payoff, of course, is that she knows her teaching works. Says she: "Most teachers don't teach for money. They teach for that recognition they see and feel when a student learns something. I think most teachers do a terrific...