Word: taxed
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...second-semester unit on fiscal policy includes seven workbook readings analyzing whether the benefits of tax cuts as a stimulus to the economy outweigh the drawbacks of the budget deficits that tax cuts cause. Of the seven articles, three are by Feldstein and only one argues directly against tax cuts...
Harvard’s wealth and sizable endowment have often generated considerable resentment among city residents and politicians, who say that since Harvard’s property is largely tax-exempt, the University benefits from Cambridge’s public services without giving adequately in return...
Last year Harvard paid the city $4.5 million for its taxable properties as well as a voluntary $1.7 million payment in lieu of taxes—(PILOT)—to compensate for its tax-exempt property...
...came a month after the city reached its first formal PILOT agreement with MIT. MIT increased its voluntary payment to $1.5 million with a 2.5 percent annual increase for the next 40 years. MIT also agreed to restrict the amount of its commercial property that can be converted to tax-exempt...
...Money should not be the issue. We provide all kinds of services to Harvard’s tax-exempt property and there’s a cost,” Galluccio says. “If we could have an intelligent conversation with folks about the subject, there would not be an ongoing debate...