Word: profitted
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Dates: during 1980-1989
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...asked, "Where are the losses?" The federal banking agents pointed out that Lincoln was "flying blind on all of their different loans and investments," that there was no underwriting on most loans, that the bank's practices "violated the law, regulations and common sense" and that a $49 million profit reported for 1986 was a result of bookkeeping trickery...
There is nothing magical or unique about capital gains. A special break for this particular form of investment profit distorts the free market in two ways. First, it prejudices the economy in favor of certain kinds of investment. Those who say we need to encourage entrepreneurs or long-term investors with this break (which actually would reserve few of its benefits for those charmed circles) are saying the Government can outguess the market about which investments will pay off. If a risky or long-term investment makes more sense than keeping money in a savings account, the market will reward...
...dividends, which are taxed every year. An ideal free-market tax system would leave an investor indifferent between, say, a savings account paying 10% a year and a stock expected to rise 10% a year. But tax-free compounding means that, for a top- bracket taxpayer the after-tax profit on the stock will be 45% bigger after 20 years...
...commission on the tickets they sell. After paying for the dance's expenses, R & R Enterprises--the name Vanech and de la Cierra have adopted as the event's sponsors--will donate half of the remaining money to the students in Beijing and will keep the other half as profit, Vanech said...
...SelecTronics company of Minneapolis. The SelecTronics Bible, also priced at $299, will contain the New International Version that is favored by conservative Evangelicals. Why the scramble to break into the microchip-Bible market? According to II Timothy 3: 16, "All Scripture is given by inspiration of God and is profitable" for believers. Obviously, computer companies are also hoping to turn a profit from Holy Writ...