Turner said the bill was not designed to cut off any double dipping that occurred in the past.
Perry's double dipping only came to light when he ran for president and faced much tougher federal disclosure rules that require candidates to reveal retirement income.
This is the double entitlement or double dipping
But efforts to ban the practice of double dipping
, or even require disclosure of it, went nowhere this year in the Texas Legislature.
Originally enacted as part of the Tax Reform Act of 1986, section 1503(d) was intended to prevent a single economic loss from being used to reduce the tax on two separate items of income, one of which is subject to current tax in a foreign country but not the United States and the other of which is taxed in the United States but not in the foreign jurisdiction (the so-called double dipping
The FSLIC's promise of tax deductions, then, opened the door to double dipping
by buyers of troubled thrifts.
Thanks to our Double Dipping
policy, HHonors members earn both free nights and free flights.