Word: taxed
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...After his narrow victory, Davis promptly announced an astonishing state budget deficit of $38 billion. This wasn't entirely his fault-the recession had caused capital-gains tax receipts to plummet from $17 billion to $4 billion-but Davis had not been honest about the looming disaster during the campaign, and instant karma got him in the form of Darrell Issa, a millionaire paleo-conservative Congressman who bankrolled the successful recall petition drive...
...Taxes and Tourists In his conversation with TIME, Rudy Giuliani stated he was proud of reducing the hotel-occupancy tax [July 14]. When I was considering a visit to New York City, the thought of paying a tax to stay in a hotel room never crossed my mind, but the fear of being mugged certainly did. Giuliani deserves credit for controlling street crime so visitors can feel safe. As a result, my wife and I visit that great city frequently. By crediting a tax reduction for the increase in tourism, the former mayor is not doing tourists or his record...
...loving relationship should be included in the definition of marriage, then let people marry their pets while we're at it. Then my kitten could qualify for healthcare benefits and I could get better tax breaks. It should be apparent that legalization of gay marriages is more about finances than it is about acknowledgement. Otherwise, why would gay people want to change the way the word marriage is defined? C. Phillips Louisiana...
...reason may be that some of the GOP?s savviest inside players angled hard to stave off the suspension. Conservatives like Grover Norquist, head of Americans for Tax Reform, sent out news releases stating that his group ?Condemns the Attacks on MCI.? Norquist, the leader of a group of rightward thinking activists who meet regularly (sometimes with White House staffers), wrote to at least one senator who was bearing down on MCI and contacted the General Services Administration, the agency that administers federal phone contracts, to plug for the company. Norquist, who blames labor unions and other telecom industry competitors...
Responding to the favorable tax treatment, 96 companies initiated or raised dividends in June--10% more than in June of last year and a 32% jump over the 10-year average for that month. A handful of blue-chip companies, including Bank of America, Citigroup, Colgate-Palmolive, Goldman Sachs and Starwood Hotels, boosted their dividends a whopping 30% or more. Some smaller firms have been even more aggressive. Energy company Kinder Morgan has a volatile dividend history but recently raised its annual payout to $1.60 a share--five times what it paid last year and double its biggest dividend...