Word: subtractions
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...prior years of giving a bonus, this year's payout would probably be permitted. Companies that seek to raise their bonuses are expected to adhere to the board's 5.5% limit on overall pay increases. Thus, whatever a company adds to its bonuses, it will have to subtract from its increases in wages and benefits in order to stay within the 5.5% limit...
...absolutist interpretation of the First Amendment as protecting all speech, yet he found that the amendment's wording could not be extended to protect such actions as flag or draft-card burning. Last year Black wrote: "I believe the court has no power to add to or subtract from the procedures set forth by the Founders. I shall not at any time surrender my belief that that document itself should be our guide, not our own concept of what is fair, decent and right...
Basically, the tax credit would enable businessmen-as well as doctors, dentists, freelance writers, and all other self-employed persons who buy new equipment-to subtract 10% of their expenditures from their tax bill the first year. Because of the way deductions are calculated in the corporate tax structure, this would be about the same as getting 20% knocked off the price of the equipment. From the second year on, the credit would drop to 5%. Treasury officials estimate that the credit would slice $3 billion from corporate taxes during the first fiscal year, $4 billion the second, and somewhat...
Elliott Gilbert '74 of Thayer Hall said that when his roommate had called the phone company about a long distance call, he was informed that the company would subtract $6.50 from their seven-dollar installation fee which they were charged last fall...
...Connally as an economics expert struck some professionals as odd; the man is simply not known in New York financial circles. Bradbury K. Thurlow, an investment analyst with Wall Street's Hoppin, Watson & Co., said of Connally: "I never knew that he knew how to add and subtract." Several of Connally's predecessors however agreed privately that financial expertise is not a primary prerequisite, so long as Connally retains the Treasury's skillful top technicians or picks other equally competent experts to guide...