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Directory Results for Revenue Procedure 2004-70 - Insurance Companies; Discounted Estimated Salvage Recoverable. The salvage discount factors are set forth for the 2004 accident year. These factors will be used to compute discounted estimated salvage recoverable to Revenue Procedure 2004-71 - Cost-of-Living Adjustments for 2005. This procedure provides cost-of-living adjustments for the tax rate tables for individuals, estates, and trusts, the standard deduction amounts, the personal exemption, and