Word: exempt
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Dates: during 1960-1969
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...Topic A will be taxes. So it was last week in a private Washington, D.C., dining room where ex-Commissioner Mortimer Caplin broke bread with Sheldon Cohen, the man who succeeded him last year. One issue Caplin wanted to talk about was lack of taxes, specifically from the tax-exempt organizations that profit so neatly from their publications...
Hidden Subsidy. In 1950, only 202 publications enjoyed tax-exempt status; today, 700 periodicals, ranging from the National Geographic to Knitted Outerwear Times, are spared taxation. Educational some may be, but what upsets the congressional critics is the fact that a growing number of such publications solicit advertising in direct competition with taxpaying magazines. And since tax exemption effectively enlarges income, it amounts to a hidden subsidy that allows the tax-exempt magazines to cut their prices for ad space...
Harvard and Radcliffe students can pick up forms today that will exempt them from paying the new three per cent sales tax on their textbooks. The ST-8 forms will be available through freshmen proctors and House offices and should be presented at local book...
...last year. The N.F.L. and the American Football League have kissed and made up, which means that Commissioner Pete Rozelle is now free to entertain antitrust suits by impoverished players and would-be franchise owners-while he simultaneously tries to sell Congressman Emanuel Celler on legislation that would exempt pro football from antitrust actions...
...proposed abolishing the peacetime draft and asserted that "no government should be allowed the power to compel its citizens to kill." Even wartime drafts, the resolution contended, should give conscriptees a choice of military service or work in hospitals, conservation, the Peace Corps or "a learning corps," and should exempt "philosophical and political as well as religious" objectors. The convention opposed as "undemocratic" the draft's 2-S classification, which defers students. Another resolution urged the repeal of laws banning the sale of marijuana...