Word: taxman
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...Jersey case that involves a 1989 faculty layoff at Piscataway High School. The choice came down to two equally qualified teachers who had equal seniority. Ordinarily, that would have meant a coin toss to decide the loser. Instead the school board dismissed one of them, Sharon Taxman, who is white, arguing that keeping the other, who is black, was essential to diversity--not so much on the staff as a whole, which was 10% black, but just among the business teachers...
Perhaps so, but the high-profile maneuvering has heightened people's determination to beat the taxman and helped provide a boon to accountants. "We have seen a tremendous increase in inquiries on tax-avoidance strategies since the November election," says Vincent Vaccaro, a tax partner for the accounting firm Coopers & Lybrand. "There has been great interest in seeking to accelerate income into 1992, especially for those in the $200,000 bracket and above...
...Taxman...
...need for such records, financial experts say, because they trust leaders such as Sheik Zayed bin Sultan al-Nahayan, the ruler of Abu Dhabi who controls 77% of B.C.C.I., to stand behind their debts and those of their subjects. And they see no need to keep records for the taxman, since the six Arab states in the gulf collect no taxes...
...Fred Goldberg rejected the cash-now plan, calling it "no-good tax policy." But his request to spend an additional $76 million to catch rich tax cheats was pared down to a puny $6 million. Could it be that the President remembers the pain of coughing up to the taxman? He was furious when an IRS audit in 1984 forced him to pay nearly $200,000 in taxes, interest and penalties on the sale of an $843,000 house in Houston. In 1988 George Bush ridiculed Michael Dukakis' plan to catch more tax avoiders and railed against "putting...