Word: taxed
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Dates: during 2000-2009
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There has been a great deal of advocacy of government transparency over the last several months. Citizens are supposed to have access to information on where their tax dollars are going and what the benefits are for the economy. There is , however, no place for people to go to see the entire "portfolio" of US government investments with expectations of what they will yield and when. It is easy to say that predictions for individual companies across such a broad spectrum of industries are impossible. When the Treasury or Fed put capital into individual companies or into the purchase...
...Lowdown: Like Sigmund Freud, Miller sees sex everywhere; all our acquisitions of personal goods, according to Miller, are motivated by the primal desire for procreation, pleasure or both. Though he advocates abolishing income taxes in favor of a "consumption tax" and learning to buy secondhand, he isn't a utopian hippie radical either. "Unlike many malcontents," Miller writes, "I consider the three best inventions of all time to be money, markets and media." But while Miller does his best to avoid sounding too academic (and has an ear for pulled-from-TMZ.com phrases like "insecure, praise-starved flattery-sluts"), his broad, rambling...
...difference concerns taxes. As a nonprofit, Harvard receives tax exemptions, deductions, and privileges that for-profit institutions must forgo. For example, besides innovative investing techniques, Harvard was able to build its endowment from $4.7 billion in 1990 to $37 billion in 2008 because it did not pay taxes on those gains. Relative to businesses, the federal government is subsidizing Harvard’s investment fund...
...nonprofit, Harvard also benefits from tax-deductible donations and a significant amount of federal grant money. Last year, Harvard received $651 million in donations. If donations to Harvard were not tax-deductible, this number would be a small fraction of this total. According to Harvard’s Office of Government, Community, and Public Affairs, Harvard received $535 million in federal grants in fiscal year 2008 that accounted for 82 percent of Harvard’s research revenue. Under the federal stimulus package, federal grants to Harvard are expected to increase considerably. Non-federally funded research is made possible through...
...unemployment will further contribute to the isolation and depression of many of our Boston- area neighborhoods. This is no strategy for times of economic hardship, and it runs contrary to Harvard’s contract with its community to provide education and opportunity to its surroundings in return for tax exemption...