Word: exempted
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...Internal Revenue Service will request new financial data from 400 colleges and universities—potentially including Harvard—in an effort to further study the financial practices of the tax-exempt schools, the agency announced this week...
...This questionnaire is overdue. Colleges and universities should be much more transparent about their activities, just as tax-exempt hospitals are being asked to do,” Grassley said. “They need to show they’re making good use of the tax exemption and other federal subsidies they receive...
...government can and should encourage buyers to head back into the real-estate market by announcing that people who buy a home during the next year will be exempt from federal income tax if and when they later resell that home for a profit. Driven by the profit motive - and tax-free profit at that - real estate investors and others would soon begin snapping up short sales, foreclosures and any other bargains they could find. Unsold housing inventories and mortgage foreclosures would decline, and the housing market would be on its way to recovery. Good old-fashioned capitalism would again...
...Arizona Preaching Politics Calling it "Pulpit Freedom Sunday," 33 pastors in 22 states risked their churches' tax-exempt status by delivering sermons on Sept. 28 about presidential candidates John McCain and Barack Obama. Organized by Arizona's Alliance Defense Fund, the campaign protests a 1954 federal law that forbids pastors from endorsing politicians during worship. A church-state separation group immediately filed complaints with...
...federal government can and should encourage buyers to head back into the real estate market by announcing that people who buy a home during the next year will be exempt from federal income tax if and when they later resell that home for a profit. Driven by the profit motive--and tax-free profit at that--real estate investors and others would soon begin snapping up short sales, foreclosures and any other bargains they could find. Unsold housing inventories and mortgage foreclosures would decline, and the housing market would be on its way to recovery. Good old-fashioned capitalism would...