Word: refundings
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...offset capital gains, plus as much as $3,000 of ordinary income each year. Suggests Barbara Raasch, a partner at Ernst & Young: "If you have $10,000 of capital gains from mutual funds, look in your portfolio for losses of up to $13,000 and get a tax refund, in essence, by recognizing those losses and selling the security by the end of the year...
That could be expensive politically too. Polls show Davis trailing former Los Angeles Mayor Richard Riordan in next year's gubernatorial election. The Governor is currently renegotiating some of those contracts and petitioning regulators to get power sellers to refund $9 billion...
Robert M. Gee ’02, the chair of the Campus Life Committee who served as coordinator of the council’s shuttles to Yale for the Game, made the suggestion of a refund, which was then approved by the council’s Executive Board...
...said about 35 students are eligible for reimbursement of the $10 cost of the return trip. The council has a list of all persons who purchased its shuttle tickets, and plans to contact House representatives and inform students of the refund over the council’s e-mail list, Gee said. Those who are eligible will then be reimbursed on demand...
Most dubious is the idea of sweetening a repeal of the corporate alternative minimum tax with a refund of the $25 billion that companies have paid since the tax was instituted in 1986. How, precisely, does a retroactive tax cut give an incentive to future investment? Republicans say they are putting productive capacity into the hands of corporations that create jobs. Ford Motor Co. would be the biggest winner, getting a windfall of $2 billion. But as former Clinton Treasury Secretary Robert Rubin told House and Senate leaders last month, "I'm on the board of Ford Motor...