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Wisconsin no longer deducts union dues directly from its workers' wages.
But the states do not have first claim on their GDP; the federal government deducts its share through income and corporate taxes, so citizens of those states need to service both their own burden and the federal debt.
And in making these calculations, Mr Malkiel plays fair: he deducts the typical running expense (one-fifth of 1%) charged by an index fund.
As he lists each example, the minister stops in each case to marvel at how the previous rules were allowing Japanese technology to go to waste.Mr Ishihara's favourite example is the spread of a smart card that deducts the fares of railway passengers as they pass through ticket-gates without their needing to insert the card physically into any device.
Synthetic CDOs are built on swaps: the CDO vehicle insures a portfolio of bonds, doles out the premiums to investors and then deducts capital from the riskiest tranches when defaults occur.
Slovenia's government deducts almost 55% from earnings of $100,000.
So Stern Stewart has come up with a measure of overall corporate value, Market Value Added (MVA), which takes the total capital of a firm, including equity, loans and retained earnings, and deducts this from the value of its share capital and debt.
First, it automatically deducts 100% from everyone's wages.
It looks as if Americans used their May rebates to pay off their debts, an action that counts as savings (the savings ratio is a net figure, which deducts net borrowing from the saving figure).
It deducts administrative costs.
The issuing bank deducts the payment from the customer's account at the time of purchase.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com