1:09:01
The point is that this hospital
is the landlord for those buildings...
1:09:06
and instead of tearing them down...
1:09:08
and building some imperialistic extensions
of the medical establishment...
1:09:12
this hospital ought to be rebuilding
those tenements...
1:09:15
- give those people decent housing.
- Please.
1:09:21
You know, I hallucinated last night.
1:09:26
I hallucinated there was an Indian
doing a war dance in here.
1:09:31
You weren't hallucinating, Mr. Mead.
1:09:34
- There was an Indian in here last night.
- There was?
1:09:38
Okay. Down to the Operating Room.
1:09:52
Dr. Norris said about half an hour.
1:09:54
- Okay. Coming up fine.
- Half an hour.
1:09:58
- Hold him right there.
- Miss Shirley...
1:10:00
it's just an ovarian cyst.
1:10:02
Okay. Go up to Holly 6...
1:10:06
on the double. Go.
1:10:10
Who is that? Is that Mangafranni?
1:10:13
Yeah. Number 3.
1:10:16
Good morning, Doctor.
1:10:22
It's legal for a doctor
to incorporate in New York, isn't it?
1:10:25
Since last September.
1:10:27
If they'd had that when I was your age,
I'd have put away a couple of million.
1:10:31
It gives you a variety of deferral devices.
1:10:33
Profit sharing, for example.
1:10:35
Let's say you pick yourself
an October 31 fiscal.
1:10:39
You declare a bonus payable in '71.
1:10:42
An accrued item payable
to a principal shareholder must be paid...
1:10:46
within two and a half months after the year
end, to get the deduction in the prior year.
1:10:50
But your corporation doesn't pay that tax...
1:10:53
because we've eliminated
the taxable income with the bonus.
1:10:57
With two taxable entities,
you can bury a lot of expenses.