Word: exempt
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Dates: during 1980-1989
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After World War II, government policy continued to reinforce the saving ethic. In a mirror image of the U.S. system, interest income in Japan is exempt from taxation, while interest payments on loans do not qualify for tax credits. The Japanese have always saved, rather than borrowed, to finance such major purchases as cars or houses...
...Council also approved a nine-month trial run of a "vacancy match" program for rent-controlled housing. The plan would reward landlords who accepted low-income tenants from a Rent Control Board list. In return, the Board would exempt such landlords from the $80-$120 fee they would usually have to pay when applying for an eviction notice or a rent increase...
...trade deficit. Moreover, an expansion of America's paltry savings pool would help reduce U.S. dependence on foreign financing. One proposal for bringing that about: a progressive consumption tax. This kind of levy would work like a national sales tax, but be progressive in the sense that it would exempt necessities (food, housing, medicine, clothing) to avoid putting an undue burden on low-income citizens. Former Arizona Governor Bruce Babbitt, a Democratic presidential contender, contends that a 5% consumption tax could raise $40 billion to $60 billion a year...
Vellucci often claims credit for the fact that both universities give the city payments "in lieu of taxes" based on the value of their tax-exempt properties in the city. Harvard pays about $850,000 each year, and MIT a little less...
...tried to exempt the Craigie Arms apartment building on Mt. Auburn Street from rent control. The structure--since replaced by a modern development--was allowed to run down until its broken intercom system allowed two men to enter an apartment and rape a tenant...