Word: taxing
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Dates: during 1960-1969
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...among the more astonishing and hopeful facts of human history. (In 1900, about 90% of our population was poor; in 1920--50%; in 90% 1930--34%; in 1968-15%). You will cry that 15% is outrageous. Agreed. The question is: How best abolish it? (A negative income tax makes more sense than anything your colleagues propose...
Rather than suggesting such a ridiculous posture, (not my best,) I was, at that hour, attempting to resolve several matters of conscience regarding my 1968 federal income tax return with an unsympathetic accountant...
Twice, the accounting board has retreated from attempts to require more conservative bookkeeping treatment of the 7% tax credit to which companies are entitled on purchases of machinery. The board wanted to force businessmen to spread that credit over the life of the machinery instead of taking it entirely in the year of purchase. About 80% of U.S. companies use the latter method; for some, it provides the difference between profit and loss...
...shakedown period convinced Editor Clay Felker that his best hope for attracting the educated, high-income reader lay in appealing to the city dweller's basic self-interest. The "how to" article became a staple, from "Taking Advantage of Tax Shelters" to "How to Eat Cheaply at High-Priced Restaurants." Says Felker: "We as journalists looked too long and too lovingly at the hippies, yippies, protesters and rock groups. They are no longer, to use the clichéé, relevant. What is relevant is that you can go broke on $80,000 a year, that...
...which is not normally ideological although the Burgess polarities have been roughly characterized as Cavalier and Roundhead. Yet Burgess's prose never seems plodding despite his spiritual preoccupations. In any case, he is the kind of man who could write a light review of a heavy British Treasury tax form. Should he do so in the future, it will have to be written from Valetta. Anthony Burgess has transplanted himself from tax-heavy Britain to Malta. This move is part of what the British deplore as the Brain Drain. Where Burgess is concerned, both the brain and the drain...