Word: exemption
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Presidents must report gifts worth more than $250 on annual financial disclosure forms, but staying by invitation at someone's home is exempt...
Although the group cannot officially endorse candidates because of its tax-exempt status, Potvin says the coalition will work to publicize the views of school committee candidates. The group will also target city council andidates, but feels that its family values platform would be better accepted at a school board level, Potvin says...
Reeves introduced discussion on tax-exempt status, saying that properties owned by universities within the city are continuing to grow in number...
...Service, and the substitution of a national sales tax." (He draws cheers.) Lugar wants to eliminate all personal and corporate income taxes, including estate and inheritance taxes, in favor of a 17% national sales tax on goods and services. To prevent the system from being too regressive, he would exempt certain foods and medicine and not tax the first $5,000 worth of purchases. "Every dollar you earn is yours," he says. This is greeted with scattered clapping, but when a gray-haired matron hears him peg the sales tax at 17%, she exclaims, "Lordy...
Loggers take pains to lend a pretense of legality to their ventures, but loopholes and lack of enforcement make it easy to bend the law in ingenious and profitable ways. In the district of Khabarovsk, the government tried to impose environmental controls on logging but allowed officials to exempt concessions smaller than 5,000 acres from strict review. Alexander Kulikov, chairman of the Khabarovsk Wildlife Foundation, says that just before they leave office, local officials hand out dozens of concessions, often to friends and relatives. He says that in the Khor River watershed, a region of about...