Word: tax-exempt
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...climbs the income ladder, he gradually diversifies his holdings.' First come stocks, then real estate investments. When he reaches the top income bracket, a man moves heavily into tax-exempt bonds to avoid heavy federal income taxes; 70% of the $100,000-plus group owned bonds v. only 20% of the $25,000 group...
...more willing to lend it on the increasing value of his education." Under USAF's plan, a student may borrow up to $4,000 from any bank in the organization's expanding network. While regular bank loans can cost up to 8% in true interest, nonprofit, tax-exempt USAF can secure loans repayable at as little as 5% and in no case more than 6% simple interest. And the student does not have to begin repaying the loan until five months after graduation...
...Italian Renaissance buildings huddled on a sweeping, 500-acre campus, Emory has 4,200 students, one-third of them women. Graduate students set the pace, and sports are played down, giving Emory a bookish sobriety. Last fall it beat down in the courts a Georgia law threatening its tax-exempt status if it integrated. This fall it expects to enroll half a dozen Negroes, including Hamilton Holmes, the University of Georgia's first male Negro graduate, who will become Emory's first Negro medical student...
...tax status of married student housing has never been litigated in Massachusetts courts, but University officials pointed out that the burden of proving the tax-exempt status of such facilities will fall on MIT, not Harvard...
Harvard officials have already made the same offer to Cambridge, if the City declares married student housing in Cambridge tax-exempt...