Word: exempt
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...hear about children's untreated illnesses until it is too late. In the past, states rarely charged parents with child neglect or abuse if religious beliefs were involved. Washington until recently also evaded the problem: in 1974, a federal child protection program required participating states to exempt from prosecution parents who refuse medical treatment for their children on religious grounds...
...more than 500 sided with the press's critics. "For too long now," said one letter writer, "the news media have run helter-skelter past reasonable boundaries of responsible reporting, disrupting the lives and privacy of individuals and jeopardizing the security of this nation." TIME itself was not exempt from the general condemnation ("Shame on you for a cover story devoid of any mention of TIME gaffes and insensitivities"), though some readers praised the magazine for tackling the issue headon...
...disgrace" and charged that Meese was "a key architect" of these policies. Kennedy tried to pinpoint Meese's role in the controversial 1982 Justice Department decision to reverse more than a decade of federal antidiscrimination policy and permit Bob Jones University of Greenville, S.C., to gain tax-exempt status, although the private school had a policy of racial segregation. In the outcry after the turnabout, Reagan claimed unpersuasively that he had merely wanted to make certain that the Internal Revenue Service had the right to withdraw the tax exemption-a power that few legal scholars had ever doubted. Last...
Although holders of zeros receive no cash until their bonds mature, they must still pay annual taxes as the principal and interest grow. Result: tax-exempt investors like pension funds have been the main buyers of the bonds. But consumers are also snapping them up for Individual Retirement Accounts, which allow savers to defer taxes annually on as much as $2,000 of income. With this year's deadline for tax filing approaching, many investors have been finding the bonds a good place to put their cash...
...soon as interest rates for 'AAA' 30-year tax-exempt bonds drop from their current 9.5 percent level to below 9 percent. Harvard may refinance some portion of the $229 million original issue, which paid for the House and science laboratory renovations and major projects at the Business and Medical Schools...