Word: longterm
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...CAPITAL GAINS. Kennedy had asked that the capital gains tax on profits from the sale of assets held for one year or longer be reduced from a maximum of 25% to a maximum of 19.5%. (At present, gains on assets held six months or longer are considered longterm; shorter-term gains are taxed at regular income rates.) The committee decided instead on a new rate of 21% and required that assets be held two years or longer to qualify. The committee turned down a Kennedy request that the amount of an estate that has resulted from appreciation of assets...
Farmers grow too much on too much land. City wage earners have money, free weekends, but nowhere to go. Trying to alleviate these dual problems, the U.S. Department of Agriculture has instituted a program offering family farmers longterm loans up to $60,000 to develop "camping grounds, swimming facilities, tennis courts, riding stables, vacation cottages and lodges, lakes and ponds for boating and fishing, docks, nature trails, picnic grounds and hunting preserves...
...program that Canada adopted last June. This strengthened the Canadian dollar and prompted investors who had previously been taking their money out of Canada to send $600 million north of the border during the third quarter of the year. But the fundamental reasons for the continuing payments deficit are longterm. Among them...
This statute has put teeth into a longterm campaign conducted by the Fair Housing Federation of Boston to help Negro familes move out of ghetto-like neighborhoods and into higher standard, mixed areas...
...peculiar irony that the House's faithless revolt should come just at the time when the Executive branch is beginning to understand the nature of foreign aid. The revolt is especially unexpected because the Congress--even though it rejected Mr. Kennedy's plea for longterm borrowing authority over five years last summer--had appeared to be educating itself to the newish concept of "sustained assistance...