Word: receivee
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Dates: during 1960-1969
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Kennedy recommends that deductions for casualty losses be confined to losses exceeding 4% of the taxpayer's adjusted gross income (they can now be deducted in full). Says the President: "There is no reason why truly minor casualties-the inevitable dented fender, for example-should receive special treatment."
¶ SICK PAY. An employee may now exclude from taxable income up to $100 a week in salary paid him while he is sick and unable to work. Said Kennedy: "This sick pay exclusion is clearly unjustifiable. The taxpayer escapes tax on the salary he continues to receive, although his...
The objectionable provision is the one that allows students to receive an Honors degree in General Studies without having declared their candidacy for it at the beginning of the senior year. The stipulation that they do so must be restored, and for two reasons.
"For example, the teamsters who haul cargo to the docks and the sailors who run the ships both have $100-per-month pension programs, with money provided by employers. Even the longshoremen on the West Coast receive $100. But the dock workers who load the cargo onto the ships got...
"Could it be," he asks in his book, The Sane Society, "that the middle-class life of prosperity, while satisfying our material needs, leaves us with a feeling of intense boredom . . . that modern civilization fails to satisfy profound needs in man?" Capitalistic society, Fromm charges, has turned men into robots...