Word: taxed
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...about my transporting the robot to Sri Lanka. They decided to detain it in the airport and ordered me to bring a special letter from the Ministry of Defense to reclaim the box. They also told me to bring along enough Sri Lankan money to pay a fine and tax. I agreed to the fine but questioned why I should pay tax on a university prototype with no commercial value. Based on arbitrary criteria, one officer estimated a value of 5,000 rupees for the parts, and another estimated a value of 10,000 rupees. Finally, after some negotiation, they...
...After one week, I went to the airport with the letter given by the Ministry of Defence. I paid a fine and the arbitrarily calculated tax. Interestingly, the cashier did not return my balance. An accompanying air force officer volunteered to get me the balance. Later, I found out that it was standard practice for the cashier to keep the balance for detained items...
Sure, Uncle Sam twists the tax code to favor buying - and to reinforce the notion that owning a house is synonymous with the American Dream. But is it? "Moving up in the world and attaining material and nonmaterial success - that was always the American Dream," says Phelps. "That didn't necessarily mean you owned your house...
...Harvard Law School, from which he graduated in 1978. "At some point, I can't say that I had a disadvantaged background," he says. "After a while, I kind of evolved into having an advantaged background." Following law school, he was hired at Donovan, Leisure as a corporate tax lawyer. (See the top 10 financial collapses...
...Democrats' solution is to move Japan away from a corporate-centric economic model to one that focuses on helping people. They have proposed an expensive array of initiatives: cash handouts to families and farmers, toll-free highways, a higher minimum wage and tax cuts. The estimated bill comes to 16.8 trillion yen ($179 billion) when fully implemented starting in the 2013 fiscal year...