Word: taxed
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Dates: during 1980-1989
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House Speaker George Keverian '53 (D-Everett) and the House Ways and Means Committee are drafting an $800 million tax package to be introduced later this week, State House leaders said yesterday...
House sources said Keverian is strongly pressuring Democratic party leaders to support the tax package, which includes a state sales tax increase from 5 percent to 6.5 percent, doubling of the capital gains tax from 5 percent to 10 percent and a six-cent increase in the gasoline tax...
...Boston) said the package would be attacked heavily on the House floor but will probably pass because of Keverian's strong influence. Last week, key lawmakers, including Senate President William M. Bulger (D-Boston) and House Majority Leader Charles F. Flaherty (D-Cambridge) said the introduction of a tax hike was inevitable...
...John H. Flood (D-Canton), chair of the Taxation Committee and an outspoken opponent of new taxes, said the speaker did not contact him this weekend about the package. He cautioned that Keverian should not attempt to introduce a new tax package without consulting his committee...
...bought it at Christie's in 1983 for $3.96 million and transferred ownership to the Sydney branch of Chemical Bank. Chemical then leased it back to Bond. Why this maneuver? Because, says a bank source who analyzed the lease after it was issued, Bond had found a tax loophole. Under Australian tax law, you could lease any asset -- say, a tractor -- from its owner and get a tax deduction for all payments of principal and interest, as long as you had no right to the asset at the end of the term. (The law, needless to say, was framed...