Word: taxing
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Dates: during 1980-1989
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...expensive question for the Reagans now is whether she broke any of the IRS's little rules. Tax agents have looked at thousands of official White House photos to find out what the First Lady wore and when she wore...
...part of its required audit of the Reagans' taxes during their White House years, the IRS's Los Angeles field office is considering information provided by M. Chris Blazakis, former executive vice president for James Galanos, one of the designers who provided Mrs. Reagan dresses on a need-to-wear basis. Under the tax laws, a celebrity receives income for high-visibility use of a product in an amount equal to the value of that product. The defense that some of the dresses were loans, not gifts, or that they are no longer worth very much once they have been...
...coke smugglers can accomplish this feat because they have plenty of help. They rely on a booming money-laundering industry that serves a clientele ranging from tax-avoiding corporations to the Iranscam schemers. The system depends on the collaboration, or often just the negligence, of bankers and other moneymen who can use electronic-funds networks and the secrecy laws of tax havens to shuffle assets with alacrity. The very institutions that could do the most to stop money laundering have the least incentive to do so. According to police and launderers, the basic fee for recycling money of dubious origin...
...Reagan tax breaks weighted in favor of the rich, the cuts in social welfare programs, the statistics on the growing inequality of income distribution in the U.S. and the routine tales of Wall Street corruption defined, for many Americans, the ethos of the 1980s...
...then-Senator Gary Hart proposed a bill to limit the tax deduction for business meals and entertainment by 30 percent and use the added revenue to restore Reagan's cuts in the school lunch program. Hart could only find two co-sponsors in the entire Senate...