Word: gaines
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When All In The Family's Carroll O'Connor died last month, it was a great loss for TV. And a great gain. In the brutal summer of Fear Factor, America was actually talking about TV, the medium it loves to hate itself for loving. O'Connor's Archie Bunker, the consensus went, helped America make sense of a period of social turmoil in a way no news report ever could. In a way, O'Connor's media wake even outstripped that for Jack Lemmon, who died less than a week later, though TV actors usually land far lower...
...dodge taxes, and the IRS can't touch them. Why? Far from being on the lam, these tax-wise migrants are changing addresses to take advantage of generous tax laws that apply to the sale of a primary residence. Couples can exclude as much as $500,000 of gain ($250,000 for singles) when selling any house they've lived in for at least two of the previous five years. Thanks to a torrid real estate market, tens, maybe hundreds of thousands of upscale homeowners now sit atop such fat gains. If you're one of them, it's decision...
...because they were able to take the full exclusion on each sale. Had they bought for $500,000 and sold eight years later for $1.5 million, they would have the same $1 million profit but could have taken the exclusion just once and owed tax on half the gain. Their bill: $100,000 at the capital-gains rate...
...clients did just that and figures to save a bundle. The client paid about $400,000 for his first house, which roughly doubled in value. He wanted more space but liked his neighborhood and considered building a big addition. But he soon would have been amassing taxable gains in his home. Instead he sold for about $800,000. The gain was tax free, and he used it to build a bigger house on a lot next door. And now he will be able to accumulate an additional $500,000 in capital gains, tax free...
...hospital officials discussed how to gain credibility and support within a medical institution...