Word: cents
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...Requiring the cable service to pass on three to four per cent of its gross profit from subscriber fees to a Public Access Corporation separate from the city of Boston. This money would provide equipment and facilities for a public video system, including funds for "neighborhood studios...
...Reserving at least 20 per cent of transmission capability for the Public Access Corporation...
...reduction of the maximum individual tax rate from 70 per cent to 50 per cent. A person in the highest tax bracket now keeps only 30 cents out of every dollar he earns, so if he gives a dollar to Harvard--a non-taxable contribution--he "loses" only that 30 cents...
...reduction of the maximum rate on long-term capital gains taxes from 28 per cent to 20 per cent. If a person buys $1000 in stock that subsequently doubles in value, he may decide to donate the stock to Harvard to avoid paying a capital gains tax and to allow himself a further tax deduction for charitable giving. Under the existing law, the donation of the $2000 in stock "costs" only...
Lawrence B. Lindsey, an associate of Auerbach's at the National Bureau of Economic Research (NBER) and an instructor for the summer version of Economics 10, called the capital gains reductions "particularly dramatic in regard to universities" and estimated that as much as 40 per cent of Harvard's income from private contributions could evaporate...