Word: taxed
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...never said anything like the quote attributed to me. Neither was I "fuming" when I explained to your reporter that I thought Budget Director Stockman undercut his own budgets by taking extreme positions that lacked credibility in the Congress and by letting it be known privately that he thought tax increases were the answer to the deficit. Congress responded by letting budget cuts languish while waiting for the Administration to propose another tax increase. Since 1982 there have been four legislated tax increases (the Tax Equity and Fiscal Responsibility Act, known as TEFRA, which repealed much of the business tax...
...popularity of buyouts has received an added boost from the U.S. tax code, which permits investors to deduct the interest on their debts. That makes heavy borrowing attractive, since debtors can use IOUs as tax shelters and thus charge part of their cost to Uncle Sam. "Our tax laws clearly encourage this kind of activity," says Yale's Malkiel...
Personal income tax brackets are also adjusted for inflation. They will go up 3.7% next year, thus taxing more income at lower rates. The personal exemption will rise from $1,040 to $1,080. The federal income tax for a one-earner couple with two dependents and an adjusted gross income of $33,437 will be $3,501 for 1985 but $3,420 for 1986. STOCK MARKET Amex Puts Out Its Fire...
...modest plan would have little impact. He expects the Japanese growth rate to slip from 4.5% this year to 4% or even 3.5% in 1986, primarily because the country's exports will increase at a slower pace. The government is reluctant to adopt more potent stimulative measures, like large tax cuts, because it wants to keep the Japanese inflation rate, only about 2.5% this year, firmly under control...
...pity. When Threshie became publisher of the Orange County Register in 1979, he inherited a crotchety, shabbily written newspaper content to doze in the shadow of its bigcity neighbor, the Los Angeles Times. Its news columns were infected with the libertarian philosophy of its editorials (public schools were called "tax-supported schools"), and the biggest headlines were saved for crime and sex stories. A sympathetic nod should also have gone to Chris Anderson, whom Threshie picked as the paper's editor in 1980. A onetime disk jockey and former associate managing editor of the Seattle Times, Anderson, then...