Word: tax-exempt
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...proposal is part of a broader plan under which the City would request such payments from all tax-exempt property. Forty-five per cent of Cambridge property currently falls into tax-exempt categories...
Human Error. Until recently, it was impossible to get the figures that tell the rags-to-riches story. But the Tax Reform Act of 1969 required tax-exempt Boys Town to file a public statement of financial position for the first time. Warren Buffett, 41, owner of seven Omaha weekly newspapers that have already won two national awards, last week seized the opportunity to publish the first expose of Boys Town's finances; a six-man team headed by Editor Paul Williams had worked on the project since November. Buffett, a Protestant and self-made millionaire who until...
Shooting Ducks. The tax reformers also take aim at the favorite tax shelters of the rich, treating them like so many shooting-gallery ducks. The oil-depletion allowance would be reduced by 20% or more under both Democratic plans, and municipalities would be encouraged through federal subsidy to issue taxable bonds instead of the now popular tax-exempt variety. There would be new restrictions on tax deductions for farm losses, capital gains and large charitable contributions. Inheritance-tax bills would go up indirectly: estates would have to pay capital-gains taxes on property and securities (for wealthy people, at least...
...covered by any insurance. Though this is not a huge amount, some of the families are under considerable financial strain, If you will help, send to the Kent State-Jackson State Medical Fund, Kent State University, Ken?? Ohio, 44240-an incorporated fund for which contributions are tax-exempt...
...Urban Coalition, Gardner set up a small lobbying operation called the Urban Coalition Action Council. Because the Urban Coalition is a tax-exempt organization, the $200,000 needed each year to run the Action Council had to be borrowed from individuals and corporations as non-deductible tax money, money which is extremely difficult to obtain. As the council grew funding fell away, and Gardner repeatedly had to call on friends for emergency funds. After his experience with the Action Council, Gardner realized that for his present, broader venture, he was going to need a little money from...