Word: exempt
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Dates: during 2000-2009
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...much as 4% of the nation's wealth - and over half of them are from somewhere else. According to the latest Forbes list of the world's billionaires, 17 of Britain's 41 billionaires are foreigners. They're drawn to the country in part by a tax break that exempts anyone born outside Britain from paying a 40% income tax on their overseas earnings. Few countries are as generous toward their foreign rich, and figures from the Treasury show that the number of people claiming tax-exempt status in the 2005-06 tax year was 114,000, almost double what...
Yale said it will exempt the first $200,000 of family assets—including home equity—from the assessment of need, but home equity beyond $200,000 would be included in the assessment...
...rival for more than a decade. In response to the ballooning size of university coffers, some legislators have sought to require that educational institutions spend at least 5 percent of their endowment annually. “The donations to those endowments and the endowments themselves are all tax-exempt,” said Sen. Charles E. Grassley (R-Iowa), who has championed the 5 percent mandate, in a statement Monday. “American taxpayers are subsidizing that tax-exemption, and they deserve public benefit in return.” Yale previously targeted an endowment payout rate of 5.25 percent...
...additional permanent staff seems like a worthy investment. No one attends Harvard to be coddled, and disabled students don’t want to hear the mantra, “take four classes, just take four easier classes.” Unlike other schools, like Yale, Harvard does not exempt its disabled students from any graduation requirements, and disabled undergraduates understand that four years here will be a challenge. Despite this challenge, they are entitled to a level playing field, and Harvard should do its best—which currently means doing more—to ensure they receive...
...anonymous mailings includes a seven-year-old news article about a church that lost its tax-exempt status after paying for a newspaper ad that criticized former President Bill Clinton. Another mailing warns church leaders against "campaigning" for a candidate, before announcing in capital letters: "IT WILL LAND YOU IN THE SLAMMER!" The letter, which is signed by "Concerned Christian," then suggests that churches should avoid even more anodyne political involvement. "With Sen. Grassley holding hearings on exactly this issue in Washington DC, we can't be to careful!!!!" it states, with a notable misspelling. Hollinger said the letters were...