Word: exempt
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MITCHELL: Yes, everyone who supports single-rate tax reform also supports a generous family-based personal exemption, which creates effective progressivity without sacrificing the principle of treating all taxpayers equally. But there is a trade-off. The more income you exempt from taxes for lower-income and lower-middle-income people, the higher your rate has to be--or the more revenue you are going to take away from the government...
Lurie said approving the grant might cost the council its tax-exempt status, a claim which Chopra and several other council members dismissed as baseless...
...lights barreling toward his Humvee, he held fire. A gentle press of his thumb on the red rubber trigger of his Mark 19 automatic grenade launcher could have incinerated the incoming vehicle. But the 20 year-old army private held off. "Emergency vehicles," he says, "are supposed to be exempt...
According to city officials, Harvard’s tax-exempt status deprives the city of Cambridge more than $30 million in foregone property-tax income each year. One hundred ninety acres of Harvard property go untaxed. But Harvard’s PILOT only requires a $1.5 million annual payment to the city and—if not renegotiated—is locked in for the next seven years...
...order to take a property off the tax rolls, it needs to be clear that the property is used for non-profit, tax-exempt use,” Power said. “I’m not aware of any examples when that’s not the case...