Word: taxed
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...Senate's call for Social Security cuts after all, should the House fail to come up with some other realistic savings in domestic spending. And even from his sickbed, the President continued to insist that he is unalterably opposed to one solution that could break the impasse: a tax increase...
...that any of this history occupies the forefront of Agnew's mind at the moment. These days he is steaming over the IRS, which refuses to give him a tax deduction on those films of Hiroshima. Here is what happened after he cut the deal with Groves...
...that they'd wind up behind some stuffed owl. Then Glenn Campbell of the Hoover Institution [of War, Revolution and Peace at Stanford University] wanted 'em, so I gave 'em to him. A few months later, I got an appraisal from Sotheby's for a deduction on my income tax. Well, since then I've been fighting the IRS. This Wednesday we're having a hearing. Seems they sent the films to Ray Hackie's Film Service. And Ray Hackie's Film Service said the films are worthless. Said they'd been taken with a hand-held camera. There...
...their tabulation, the 26 major-league teams lost $43 million in 1984 and could have a deficit of about $100 million in 1988. Nonsense, say the players, who accuse owners of using legal but oddball accounting methods to create paper losses. New owners, in particular, mark down profits for tax purposes by taking depreciation allowances that are supposed to account for the declining value of their players. In addition, the clubs often count long-term deferred compensation to players as a current expense. George Steinbrenner, owner of the New York Yankees, admits that only a small portion of his team...
...nice day." And London's Daily Mail marked the occasion by proclaiming, "The loudly checked leisure suit and dime-store cigar make a welcome return to the city." Ten thousand American lawyers, and nearly as many spouses, children and friends, were on the town in London, assembled in tax-deductible (maybe) pomp and plenitude for the 107th meeting of the American Bar Association...