Word: trust
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Dates: during 1950-1959
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There are dozens of other perfectly legal ways to save money by giving it away. One of the fastest growing is the short-term or temporary trust for both charitable and personal use. Theoretically, upper-bracket taxpayers can use it to cut their taxes from 87% to as little as 20%; it also works effectively for people with incomes as small as $10,000 annually. The wise taxpayer merely turns over part of his investments with their income to his child for his education or to an aged relative, for support for a minimum of ten years...
Temporary trusts can also be used to cut taxes by giving money to charity, are especially valuable for people with fluctuating incomes who want to lower their tax bracket in good years, but regain the funds at a later date. The taxpayer can set up a trust for a church, educational organization or hospital for as short a period as two years, deduct the income from his return, then take back both his securities and the income at the end of the trust period. The benefits are so big that organizations have been formed in Cleveland, New York, Chicago...
...years 1953-56. He had turned Cleveland's M. A. Hanna Co. from a money-losing ($2,000,000 a year) mining potpourri into a business giant with holdings worth $25 million. He could be counted upon to administer Treasury as a business-with a public trust-instead of a political plaything. Midwesterner Humphrey was a proud conservative who believed-and went far toward proving- that individual initiative could best thrive with a minimum of Government interference. It was most advisedly that Ike once called Humphrey "my best appointment...
...meets four times a year in a conference room with one wall lined with photographs of their predecessors and themselves. Between meetings the trustees study reams of reports and documents sent them by the foundation, more than earn their $5,000 a year. "We've got a tremendous trust," says Trustee Donald K. David, former dean of the Harvard business school. "You really learn what being a trustee means...
Therefore, argue Morrison and Gold, conditions in earthly laboratories may be too special to trust. Gravitation might act differently if more antimatter were around. A sample of antimatter, for instance, might retain its inertial mass but be repelled instead of attracted by the earth's gravitational field. Its weight would be less than nothing; it would actually tend to lift itself. In an "anti-galaxy," a bit of ordinary matter would be repelled in the same...