Word: taxed
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...Democrats "will stabilize the economy in the long term." In a letter to Pelosi, he labeled her party's ideas "an irresponsible, business-as-usual approach that has earned this Congress the lowest approval ratings ever recorded in the history of modern polling." An emerging GOP proposal has tax cuts and accelerated energy exploration as its building blocks for economic recovery. Last month, the House approved a $56 billion stimulus that GOP senators blocked. It would have increased unemployment benefits, boosted food stamp payments, and funded work on highways and other infrastructure projects...
Economists can argue over the efficacy of Obama's plans, but they had the advantage of being easily understood in a world full of mysterious catastrophes. Obama proposed tax breaks for businesses that create new jobs, a freeze on foreclosures by banks that participate in the government's rescue program and a public-works fund to rebuild the nation's infrastructure while keeping people employed. He embraced McCain's proposal to suspend the rule that would require retirees to start liquidating their 401(k) holdings at the bottom of the stock-market crash. And he went a step further, proposing...
...blinded by your hatred of final clubs. The Harvard Crimson should have other news besides the tax matters of the A.D. Club,” he said. “We are going to have to go to our lawyers if this continues...
...While college fraternities and social clubs are tax-exempt organizations—the A.D. bills itself as a “members only social club of alumni of Harvard University” on the tax filing—the club rents the first floor of the building to Adidas and must pay taxes on that income...
...most recent year for which the A.D.’s tax filings are publicly available, the club earned $320,000 in revenues from the Adidas store, with almost $60,000 in net income. In 2006, the club lost more than $44,000 on the store...