Word: portions
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Dates: during 1990-1999
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...Companies can form FSCs in 32 countries designated by Congress--among them Jamaica and Barbados--or in a U.S. possession like the Virgin Islands. The company then funnels its exports (or, more accurately, the paperwork for its exports) through its offshore FSC. Presto: no federal income taxes on a portion of those export profits...
...subsidies. Over the years, taxpayers have funded the vast infrastructure that provides the water--dams, reservoirs, canals, locks, pumping stations, hydroelectric turbines, such as Washington State's massive Columbia Basin Project. The Federal Government picks up the tab, then bills farmers a sum equal to only a small portion of the actual cost of construction. Then it gives them 40 to 50 years to pay off their share--interest free. Estimates of the total irrigation subsidy since 1902 range from $18 billion to more than $75 billion, with most of that coming in the past decade...
...billion in 1997. During the same period, profits shot up 228%, from $2.5 billion to $8.2 billion, while the company's income tax payments to the U.S. Treasury rose a modest 27%, from $1.1 billion to $1.4 billion. In the process, GE pared the U.S. portion of its income tax bill from 84% to 52%. At the same time, GE's income tax payments to foreign governments shot up 550%, from $200 million to $1.3 billion...
...Board's solution: leave a certain chunk of a family's assets out of the picture when calculating how much money they can afford to give up. The size of this portion is custom-tailored for a given family, based on the number of children and their ages...
Knowing that this chunk is exempt from consideration should inspire families to save, though Hudson adds families are supposed to save for a portion of the college cost...