Word: subtractions
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Dates: during 1960-1969
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Senator Abraham D. Ribicoff (D-Conn.) introduced the amendment to the $6 billion tax bill. It would allow anyone paying a student's college tuition to subtract as much as $325 from the taxes he would otherwise...
...decades. "Financial and accounting operations will be revolutionized by electronic information networks. Personal checks, and even currency and coin, will be delegated to a few rural areas or museums. When you buy a necktie or a house, your thumb print in front of the little machine will identify you, subtract from your account and put it into the seller's account, all through electrical signals and not by today's funny little pieces of paper with written or printed hieroglyphics. The data will be assembled according"to rules, the government will take its cut in taxes...
...Martians. Only a slippered leg or two revealed that they were real live dancers, panoplied in fantastic dress by Surrealist Kurt Seligmann. But it was natural that Seligmann would design costumes for diversion. His art always cloaked anatomy in fanciful clothes. In costume design or painting, he could easily subtract the dancer from the dance (see opposite page...
...bill, will no longer be allowed to deduct state and local gas, cigarette and liquor taxes. Although stockholders will be allowed to exclude the first $100 of dividend income from taxable income instead of the first $50-a break for small stockholders-the rule allowing them to subtract 4% of the remaining income was repealed. Tax exemptions will not be permitted for the first 30 days of sick pay or the first $100 of casualty losses. The executive with stock options-under which he is entitled to buy his company's shares at a specified price, often considerably below...
...STOCK DIVIDENDS. Kennedy asked repeal of provisions that now allow a stockholder 1) to exclude from taxable income the first $50 of dividends received in a year, and 2) to subtract 4% of dividends beyond that amount directly from his tax bill. The committee repealed the 4% deduction, but it doubled the $50 exclusion...