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First of all, I did hear what the Speaker of the House had to say, and I would note that if there is one fact that should not be in dispute it ought to be this: The President, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals.
WHITEHOUSE: Press Briefing by Press Secretary Jay Carney,
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And as long as I've invoked the name of Mack Sennett, I should also note that everyone having their reasons is a maxim most famously enunciated by Jean Renoir, who might have recognized his own spaciousness of spirit in the film's generosity toward its conflicting and conflicted characters.
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However, taxpayers should note that Code Sec. 1411 is to follow normal income tax rules (i.e. rules that a tax lawyer or accountant might refer to as tax rules under chapter one of the Internal Revenue Code), so for ease of calculation, what is exempted from the regular income tax, such as tax-exempted mutual bonds, are also excluded from the NII sum.
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In closing, I should note that none of these studies of social mood and markets is precise, but they do demonstrate how our mood influences our decision-making, and that not all choices we make are made mathematically a familiar concept to students of behavioral finance.
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