Word: taxexempt
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Dates: during 1950-1959
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...Internal Revenue Service took a second look at nudist societies, whose dues have hitherto been taxexempt. It decided that they belong in the category of "social, athletic or sporting" clubs. As such, 20% of their dues must be paid in taxes...
...however, the Russians took a more conciliatory tone, and asked the State Department to intercede with local authorities about the $14,000 in annual taxes they were paying on Killenworth. Since Soviet U.N. Chieftain Jacob Malik was to use the mansion henceforth, couldn't the place be declared taxexempt...
...lure the middle-class money into "buying bonds (and thus prove his case), Tucker designed an issue with advantages unheard of in the U.S. The bonds were made wholly taxexempt, given an absolute government guarantee. They could be used at face value in paying taxes, and were acceptable (at 90% of face value) as collateral for Central Reserve Bank loans...