Word: shelterer
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...questions about Donovan, as Smith abandons a tax shelter...
More damaging is Smith's use of two questionable oil and gas tax shelters to reduce his income tax obligations. One of them, involving a $16,500 his claiming a $66,000 deduction on his 1981 income tax-an amount only $3,000 short of his annual Government salary. The second $16,500 investment was made early this year and could allow Smith to claim a $33,000 deduction. Deductions so large relative to the investment, especially when made at year's end, have been disallowed by the Internal Revenue Service. Although no one has charged Smith with...
Perhaps the most surrealistic vision of how to cope with a nuclear war is offered by Mark Hacker, a graduate student in architecture at Princeton University. He has designed the ultimate fallout shelter: an underground city, complete with apartments and trolley cars, for 30,000 people. The metropolis would be 300 ft. to 500 ft. underground and be able to survive any nuclear blast, save for, possibly, a direct hit. Once residents entered the city, however, the exits would be sealed, and they would never again return to the earth's surface. Robert Kingsbury take note...
...ground. José Eduardo González, 47, raised his six children on the plantation, and he is distraught about being forced to move. Like many of the farmers, he admits that living conditions were sometimes better under the old oligarchical system in which the landowner doled out food, shelter and medicine as he saw fit. But González still favors the land reform program. Says he: "We all have more dignity...
...this point. They suggest applying the flat rate only to incomes above a certain level, perhaps $10,000. As a result, the poor would still pay low taxes. The well-to-do, on the other hand, might wind up paying more because they could no longer benefit from tax-shelter schemes. Moreover, a flat tax would sharply reduce cheating through fraudulent deductions...