Before 2010, higher-income taxpayers were subject to a phase-out rule that curtailed deductions for personal and dependent exemptions. That rule was gone for 2010, 2011 and 2012 but is back for 2013 and beyond. Also back is the phase-out of itemized deductions for high earners.
Bernard Gotfryd/ Getty Images. In 1943, naval engineer Richard James was trying to develop a spring that would support and stabilize sensitive equipment on ships. When one of the springs accidentally fell off a shelf, it continued moving, and James got the idea for a toy. His wife Betty came up with the name, and when the Slinky made its debut in late 1945, James sold 400 of the bouncy toys in 90 minutes. Today, more than 250 million Slinkys have been sold worldwide.
However, prior to the invention of the Rubikâs Cube, an earlier attempt at a 2x2x2 rotational cube was invented by Larry Nichols in 1970, who later attempted to sue the Rubikâs Cubeâs licensee, Ideal Toy Corp., in 1984 for patent infringement.he Rubikâs Cube has finally hit its mid-life crisis as it reaches its 40th anniversary this year. Invented in 1974 by Hungarian sculptor and architecture professor Erno Rubik, the Rubikâs cube has challenged and frustrated countless numbers of players who have ever picked up the 3-D toy puzzle.