Word: taxing
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...taxable income, less deductions and exemptions. By 1976, this share would grow to 1 % of the country's total taxable income, the level at which it would remain. Each state's share would be calculated through a formula involving population and the proportional share of the federal-tax revenues that the state contributes. The larger the state's proportional contribution to the federal coffers, the larger its return. Localities within the states would be eligible for a portion of the returned revenue, which would be "passed through" the state capitals and on to the city halls. Significantly...
...simple as larceny and as easy as shaking the money tree: a part of the cash profits from six LCN-controlled casinos was simply diverted before the figures were placed in the ledger books. How much cash was spirited away in this manner, eluding both state and federal taxes, no one can say precisely. After the Government became aware of mob influence and forced the gangsters out of most of the casinos in 1966 and 1967?LCN still has interests in two big casinos?revenue reported for tax purposes jumped by more than $50 million a year...
Ostentatious living has gone out as well, despite the fact that even the lowliest members are often millionaires. The Government provides one good reason. If a man spends much more than he shows on his income tax return, the IRS can nail him for tax fraud. Few of the bosses thus claim or openly spend much more than would a moderately successful businessman. The ancient, somewhat puritanical code of the Mafia, which dislikes display, provides another reason for simple style. The late New York boss Vito Genovese, for example, used to drive a two-year-old Ford, spent little more...
...single person - as "abnormal." Smith concedes that such an attitude had its use in the past; it "evolved over millennia to ensure high enough fertility to overcome high mortality." Now, however, medical progress has made that notion obsolete. Smith proposes that the reform start with the elimination of tax advantages for big families...
...While employed as an office manager for a Colorado company that services oil wells, James Stryker embezzled more than $280,000 from the firm. His wife knew nothing about the crime until Stryker committed suicide ten days after the company accused him of the theft. Even so, the U.S. Tax Court has just ordered Mrs. Stryker, who has since remarried, to pay more than $80,000 in back taxes on the embezzled funds. Stryker had not reported any of the income on the couple's joint tax returns. But under the Internal Revenue Code, declared the court, a woman...