Word: profitted
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Dates: during 1980-1989
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...result, a host of non-profit, voluntary Arab organizations have been formed in recent years to provide such diverse social services as public libraries, scholarships for students, health care, assistance to the aged, day-care centers, and sports groups...
Second, most capital gains are never taxed at all! There is no tax when the owner dies before the asset is sold. The profit on inherited property is measured only from the moment it was inherited. This is a huge loophole, costing the Government more than $5 billion a year in lost revenue...
...current tax system discriminates against capital gains in one way: it ignores inflation. If a stock has doubled during a time when the general price level has also doubled, the real profit is zero, but you'll pay a capital- gains tax anyway when you sell. Of course, the same is true of interest -- an 8% return on a money-market fund at a time of 5% inflation is really only 3% -- but no one is proposing to do anything about that. Furthermore, no one is proposing to limit the deduction for interest paid. In a world with no taxes...
...stock market gyrated in recent weeks, the swings have been fueled by the widespread use of program trading. In this computerized practice, speculators trade stocks and stock-index futures simultaneously to profit from minute differences in prices. But program trading incited a Wall Street revolt last week as the Dow Jones industrial average plunged 92.42 points to 2596.72. Faced with pressure from investors, the firms Bear, Stearns and Morgan Stanley said they will halt the use of index arbitrage, the most popular form of the | strategy. A third firm, PaineWebber, scrapped all forms of program trading...
...while there was massed clucking over the size of Reagan's fee and Ford's continued service on corporate boards, the Communist world was declaring the profit motive holy writ. Not let a retired President participate in capitalism and make a noble buck? That would be a sort of excommunication from America...