Word: taxexempt
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Boston currently relies almost solely on funds raised from city property, of which some 50 percent is tax exempt, for revenues. Because colleges and universities are taxexempt institutions. Boston, which has a relatively high percentage of educational institutions, is prevented from collecting a considerable...
...activity is writing kaimyo, posthumous names (example: "Heroic disciple to Buddha residing in ravine full of sunshine and nightingales"), without which deceased Buddhists cannot reach "the better world." A kaimyo can cost between $650 and $1,300; prices for more lavish names reach several million dollars. The fees are taxexempt. Many priests, however, have also turned entrepreneur, running lots, wedding halls and real estate agencies. Although priestly income is taxed at a top rate of 20%, vs. 43.3% for corporations, the bureau charges have been engaging in loose bookkeeping...
...discourage takeovers by disqualifying from normal tax deductions any interest on loans to finance mergers. He would replace the personal income tax with a consumption tax to enlarge the pool of capital for investment. Under this scheme, all earnings that individuals save or invest, rather than spend, would be taxexempt...
...Rudrananda Ashram has been waiting since August for Cambridge to pass the group's petition for taxexempt status. The city, however, will not act until it decides later this week whether to appeal the ruling in the Cambridge Buddhist Association case, City Solicitor Russell Higley said yesterday...
...soon as the Ashram bought the house it applied to Cambridge for taxexempt status as a religious organization. The city turned it down, saying only the group is "not eligible," Fabrizio said...