Word: wipe
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...stockholder would report as income not just his dividends, but his share of the company's total profit; however, he would then get a credit representing his share of the tax that the company had already paid. The net effect of this dazzlingly complex change would be to wipe out all taxes on dividends for a stockholder whose personal income tax bracket is 50% or less. The resulting savings, Simon argues, would be a powerful incentive for individuals in all brackets to spend less and invest more of their incomes, thus supplying the economy with badly needed new capital...
...father to bullets, to a penis, to Klu Klux Kian cross-burning, back to a church, to big artillery, back to mother, now crying, to the president, and so on... The Wind and the Lion is a stop away from this, with its approval of Teddy Rooseveit's lingoistic Wipe-am-out mentality, people going around constantly warning the going around constantly warning the Barbary Pirates (who have kidnapped Candice Bergen) that "the big attack" will have its way. When the Americans finally do arrive and you're supposed to stare at the sheer power of this most powerful...
...gaining," admits Democratic National Chairman Robert Strauss, but he also believes that Ford's policy decisions are wrong. This view is enthusiastically shared by Presidential Candidate Henry Jackson, who is convinced that higher utility costs may soon wipe out the new veneer of good will for Ford. "You're not going to beat him with a more honest, more honorable man," says Strauss. "You're going to beat him on the issues...
...homeowners or even touch the investment tax credit for businesses. But, he points out, under present law wealthy taxpayers count only half their capital gains in calculating their taxable income; Okun would reduce or even eliminate that discount. He also favors tightening up on federal estate taxes, especially to wipe out "the generation-skipping trust, by which Great Grandpa can provide abundantly for his children and grandchildren while ensuring that the estate will elude taxation during their generations...
...same time, the arrival of the worst economic downturn since the 1930s has been particularly hard on working women. Eleanor Holmes Norton, chairman of New York City's Commission on Human Rights, voices a typical concern that "layoffs stemming from the recession could wipe out all the women's gains of the past five years...