Word: subtractions
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...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of the first $50-a break for small stockholders-the rule allowing them to subtract 4% of the remaining income was repealed.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 The committee repealed the 4% deduction, but it doubled the $50 exclusion...
After adding up the $5,574,944 in losses, the paper listed nine shows that had so far made $1,254,422 in profits. The Grey Lady's grey matter failed to execute the obvious next step and subtract the second figure from the first...
Take a pretty good college baseball team and subtract the guts of the League's best infield, the League's leading hitter, a player now working in the N.Y. Giants farm system, and a starting pitcher. The result is some thing resembling the 1963 Harvard squad...
...Colombey, the life will be very pleasant." Next day, De Gaulle flew to Paris to tell his Cabinet that France's mandate was strong enough for him to accept. Obviously echoing De Gaulle's view, Premier Georges Pompidou explained that to get the true results, one must subtract from the no votes "the 27% or 28%" that represent the Communists and the extreme rightists, who are antidemocratic as well as anti-Gaullist. Thus, suggested Pompidou, the opposition party leaders were able to poll only about 10% of the vote-an insignificant amount next to the 62% voting...