Word: stockely
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Dates: during 1970-1979
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...interviews with John and Jacqueline Kennedy, Marilyn Monroe, Agnes de Mille, Maria Callas, Sir Thomas Beecham, Humphrey Bogart and Lauren Bacall, he rarely extracts a witticism and never an insight. "Have you opened all your wedding gifts?" he asks the newlywed Kennedys in 1953. He then goes on to stock questions that permit the young Senator to rattle off his policy positions by rote. Murrow's notion of challenging Bogart, Bacall and Monroe is to ask them to name their favorite film roles. He even allows Harpo Marx to make all his responses in mime; the audience, no doubt...
...That did not especially please the six Senators present, half of whom can count their net worth in seven figures.- The most heated exchanges came when Republican Senator Bob Pack wood of Oregon (net worth: $100,000) accused both Blumenthal and Carter of "demagogu-ery." Whereupon Blumenthal, himself a stock-option millionaire from his Bendix Corp. days, retorted, "This isn't demagoguery. It's facts." He added testily: "I'm not running for office, and I don't particularly need this...
Undeniably, a cut in the capital gains tax below the present top rate of 49% would help mainly people in (or above) the 50% tax bracket, who are more likely to own stock and other assets. To be in that lofty bracket, one needs taxable income of about $40,000 or more. But a lot of "average" taxpayers leap into the higher brackets a few times in their lives-when they sell a house, a farm, or the stock that Aunt Tillie left them; or when they collect profit-sharing or stock-purchase funds from their employers. For them...
...family that earns $25,000 a year sells its stock in a dry-cleaning business for a $55,000 capital gain. At present the family's total tax would be $17,655; with Steiger, it would drop to $15,030, a saving...
...cabbie with income of $15,000 a year sells his taxi medallion for a profit of $50,000. He also sells stock for $10,000 more than he paid for it. His tax total now would be $14,420; under Steiger, it would be $3,000 less...