Word: exemption
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...settlement freeze, and he won strong domestic political backing for insisting on "natural growth" construction in existing settlements. Mitchell's visit aims to finalize an agreement on this issue that both sides can live with - the Israelis want to complete some 2,500 housing units already under construction and exempt East Jerusalem from the freeze. (Read about Israeli settlers vs. the Palestinians...
...still relatively low compared to that in other states. Massachusetts first implemented a sales tax of 3 percent in 1966 and raised it to 5 percent in 1976, where it has remained since. Various essential goods, including clothing that costs less than $175 and unprepared food products, are exempt from sales...
...percent and keep the extra revenue. A 5 percent gross receipts tax will also be exacted on satellite TV providers' receipts from subscriptions, and local hotel taxes will increase by 2 percent. Sales tax will now also apply to alcohol purchased from retail stores, which had previously been exempt...
...letter, Smith wrote that the global economic downturn forced FAS to reexamine all of its spending, including the compensation costs that make up nearly half of the School's operating budget. He said that previous cost-cutting measures such as the early retirement program, salary freezes for faculty and exempt staff, limitations on new hiring, and offers of reduced hours did not achieve the necessary budget reductions...
Then there is the financing issue. The federal government has done a lot to try to keep interest rates low - like buying up mortgaged-backed securities from Fannie Mae and Freddie Mac - but loans over a certain size are often exempt. The rates on "jumbo" loans (generally those that run about $417,000) have historically been about .25 percentage points higher than on regular mortgages. That spread jumped all the way up to 180 basis points last fall, according to data-tracker HSH Associates - but has since settled down to about 100. Still, that's a big added expense. Plus...