Word: taxed
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...course, there are trade-offs either way. As a renter, you don't pay transaction costs, property taxes, insurance and maintenance. But you also miss out on a tax deduction for mortgage interest and property tax--often a substantial amount. Then there is the mother of all arguments for buying: building equity. Last year 25 out of 50 states plus the District of Columbia saw double-digit appreciation in house prices. That's a heck of a return. But it's also backward-looking. If interest rates rise, the housing market will almost certainly slow. And in that case...
CONVICTED. MIKHAIL KHODORKOVSKY, 41, former chief of Russian oil giant Yukos, who became the country's wealthiest oligarch after the collapse of the Soviet Union; on charges including tax evasion and fraud; ending a nearly yearlong trial that critics claimed was part of a politically motivated campaign by the Kremlin to deter the billionaire from financing opposition to Vladimir Putin; in Moscow. Khodorkovsky, whose dwindled fortune was once estimated at $15 billion, was sentenced to nine years in jail...
...Increase in the amount of state taxes collected in 2004, compared with 2003-the biggest increase since 2000, prompting states to consider tax cuts and spending hikes...
That’s basically what has been happening at Harvard over the last four years. Mass. Hall measures such as the Allston “tax,” which raids school and departmental endowments to create a pool of money for building across the river, have challenged departmental autonomy. Mass. Hall’s moves to unify alumni databases and direct incoming funds to the parts of the University it sees fit will decrease fundraising independent of the central administration. And authority within the administration has also been centralized, as when Dean of the Faculty of Arts...
...family friend of McCall Smith, offers a preview of future plot twists. "Anyone who has read about a place gets a lot more out of seeing it," says Race. "People always say, 'Oh, now I'm going to have to reread that part.'" Tour One costs $75 (plus tax); Tour Two $125 (plus tax...