Word: taxed
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...decide to buy a fund, just make sure you do so after any capital gains are distributed for the year. There's no need to field that tax bill since you can avoid it by buying shares after gains are paid - usually by the middle of December...
...birth of the "Urban Hermit Financial Emergency Rotgut Poverty Plan": While the rest of his fellow Yale alums enjoyed high-profile jobs and piles of cash ("It was the nineties, dammit, and they were getting rich. Just like everybody else"), MacDonald did his best to shirk responsibility - including his tax-paying duties. After several IRS agents came calling to collect nearly $2,000 in back taxes, MacDonald began to ponder questions like, "In basic animal terms, what does it take for a human being to survive? Maybe I didn't need to swallow up half of the Rolling Rock...
...Mediterranean tuna trade earns millions in tax revenues for Europe and employs thousands of Spanish and Italian fishermen, whose livelihoods have been pummeled by declining stocks in recent years. The specter of further job losses amid a global economic downturn has militated against European officials pressing for sharper cuts in bluefin-fishing. "None of the [fisheries] commissioners want to come back home and say, 'I have saved bluefin tuna but I have ruined my fishing industry'," says Fonteneau, who estimates that fishermen make as much in one month selling high-priced bluefin tuna as they do during an entire year...
Nope, it's the specter of a scary, skeletal, credit-crunched holiday season that has Brits collectively behaving like Scrooges, unmoved by the government's newly unveiled 20 billion pound fiscal stimulus package and a cut in value-added tax. And unless retailers persuade consumers that redemption - for individuals, for businesses and for the wider economy - lies in more generous spending, Britain's downturn threatens to be steep indeed. According to the British Retail Consortium, retail sales account for a fifth of the nation's economy, with the sector responsible for some 8% of GDP and employing 11% of Britain...
...With 77% of CSU's operating budget coming from the state, shrinking tax revenue had already left the school in a $200 million ditch at the start of this academic year. Things got worse on Nov. 6 when California Governor Arnold Schwarzenegger announced an additional $66 million cut. Now university officials say they simply don't have enough resources to serve all the students who want in. "It's not fair to students to admit them to a university and not be able to offer classes, sections and student services that they need and academic advising and help that students...