Word: sales
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Dates: during 1970-1979
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...cuts-only to homeowners, not the owners of commercial and industrial property, who pay 48% of California property taxes. Heller notes that California homeowners eventually will be paying higher taxes relative to commercial-industrial properties, since private residences change hands more often than factories and office buildings; with each sale, a property may be reassessed and its taxes may rise. Says Heller of the disparity: "An abomination." Weidenbaum counters that "by reducing business costs, Proposition 13 ought to spur business expansion and employment." Sprinkel favors a proposal defeated by California voters in 1973 limiting total state spending to a fixed...
...settlement, while 24% maintain that he has hurt the chances for peace. A majority (55%) are persuaded that the Carter Administration has been equally fair to Israelis and Arabs; 18% feel he has sided too much with Israel; 6% think he has favored the Arabs. But his sale of arms to Israel, Egypt and Saudi Arabia is disapproved by 49%. They believe it jeopardizes peace; 26% feel that it would encourage a settlement...
...that end, the former Vice President has put his 21-room retreat on Seal Harbor, Me., on the market. The down-East house, which has a cantilevered deck over the crashing surf, is up for grabs for a cool $1 million. Sotheby Parke Bernet, the agent for the sale, has already issued the word: "If you have to ask about a mortgage...
Rarely has the political climate changed so totally so fast on an economic issue. Only last fall, all the talk about taxes on capital gains?profits on the sale of assets such as stock, bonds and real estate?centered on prospects for a drastic increase. The Carter Administration drafted a proposal to tax all capital gains at full ordinary-income rates ?which would effectively double the tax in many cases?but eventually sent Congress a recommendation for a much smaller rise. That still worried Representative William Steiger, 40, a baby-faced Wisconsin Republican who has the gung-ho style...
Since some transfers are inevitable, companies are trying to make the moves as painless as possible. Many companies use elaborate relocation services that take care of all arrangements, including the sale of the old house and the purchase of the new one?at no loss to the transferred executive. Raises are generally fattened, particularly if the move is to an unattractive or expensive area such as New York City or Cleveland. State Farm Mutual Automobile Insurance Co. automatically raises the base pay of managers sent to areas where living costs are higher than the national averages. The cost of living...