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Income Taxes (Breaks and Burdens) Part I #185643

ABC Evening News for Monday, Apr 12, 1999
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(Studio: Peter Jennings) Syracuse University report on IRS (Internal Revenue Service) cutbacks of audits of the wealthy people and big corporations cited.

(Washington: John Martin) The sports income tax deduction for the rich examined; details given of the case of Bob McNair, who is seeking to buy a pro football team and write off the players' value. [McNAIR - talks about tax write-offs.] [Harvard Law School professor Paul WEILER - says this benefit should be eliminated.] [Stanford economist Roger NOLL, sports business consultant Marc GANIS - comment.]

(Studio: Peter Jennings) Tomorrow's segment previewed.

Reporter(s):
Jennings, Peter;
Martin, John
Duration:
00:03:00

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