Word: taxed
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...what happens to the owner then? There are tax breaks for historic properties, but Schave admits, "It could potentially cramp his style." The owner, meanwhile, is not talking. When contacted, he got flustered and said, in an Eastern European accent, "I am sorry. I'm not at liberty to discuss anything about De Longpre." Former publisher Martin, who called Bukowski "the most widely recognized and important author ever born and raised in Los Angeles," hopes the property can be saved. He explains, "I don't know if they're going to be able to save this property, but I think...
Although Harvard’s coffers seem to be overflowing this year, as the endowment approaches $35 billion, a new bill proposed by Rep. Sander Levin, D-Mich., may allow the cache to accumulate even faster. The bill would allow tax-exempt organizations—a category that includes university endowments—to invest directly in U.S. hedge funds while retaining their freedom from Internal Revenue Service dues on leveraged investments. “[Universities] are currently taxed as though they are leveraging, when it’s actually the hedge fund’s strategy...
...fringe libertarians, but it seems to me that there are ways to encourage volunteerism without the dubious help of state and federal governments. Significant growth of volunteerism and the proliferation of nonprofit start-ups are good signs that people have already found avenues for service without burdensome bureaucracy or tax-funded carrots. Even if a national-service system ends up costing only the relative pittance Stengel cited, the cost would be in addition to those of the Iraq war and federal prisons, not in their stead. Whether through conscription, graduation requirements or bonds funded by income or corporate taxes...
...that would be easy to predict, but I think quite wrong. Sarkozy got elected running on an explicit platform of major change and praise for hard work, discipline, tax cuts and even the United States. His victory suggests that the French are more open to change than conventional wisdom held. Moreover, Sarkozy is blessed - in part due to his own cleverness in co-opting the most popular Socialists - with a hopelessly divided and demoralized opposition, unlikely to be able to challenge him anytime soon. And for all the rhetoric about making a "clean break" with the past, an image reinforced...
...story demonstrated that what Rove cited as high points of the Bush Administration are mostly reactions to 9/11, exclusively or in part. How Rove can identify the Iraq war as a high point beggars belief. One of the few proactive accomplishments he considered successful was the multibillion-dollar tax break for his very rich friends. Some high point. It is clear that Rove is the main inflator of the bubble in which Bush continues to reside. Neil Russell, Hong Kong...