Word: exempt
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Dates: during 1960-1969
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...crowded that by 1980 there will be only 18 inches of main road for every car. (However the government announced last week that it has approved an 80-mile bridle path across the Sussex downs.) The tax system of Britain blatantly favors the gambler, speculator (whose capital gains are exempt) and expense-account swashbuckler...
...aged at least 18 (no top limit), with warm, steady characters and almost any useful skill. They will get four to six weeks' training at colleges and universities, serve for one year without pay, get mustering-out pay of about $900. Though draft-deferred, they will not be exempt from later military service. As Interior Secretary Stewart Udall recently put it: "We seek a new harvest of idealism that we have let lie fallow here at home...
...rich?those with very large assets?do not actually pay the confiscatory top rates. The rich can arrange matters so that the money rolls in to them in forms that are partly or entirely sheltered from income tax, such as capital gains, royalties from oil properties, interest from tax-exempt municipal bonds. In 1961 a total of 306 U.S. taxpayers filed returns showing an adjusted gross income of $1,000,000 or more. Their adjusted gross income added up to $611,273,000, their total income tax to $280,525,000, or an average of about...
Quicker than he might have thought, Holden is going to be challenged to put up or shove off. Under new, tax regulations effective Jan. 1, 1963, U.S. citizens living abroad will no longer be totally exempt from taxation on money earned overseas. Actually a maximum of $35,000 can still be clear, but that's all. Holden will probably stick by his loyalty to Switzerland anyway. Where else could he have George Sanders, Gregory Peck, Charlie Chaplin, Yul Brynner. Mel Ferrer, Audrey Hepburn, Elizabeth Taylor, Richard Burton, Stewart Granger, Gina Lollobrigida, Peter Ustinov, Noel Coward, David Niven, Jack Palance...
...reserved the right to accept or reject any of the bids for the now tax-exempt land, and it seems very unlikely that Roche's client will be awarded the sale. The City Council will support whichever will bring the greatest amount of revenue to Cambridge, but MTA officials apear more interested in the feasability of the various proposals and the immediacy of payment...