Word: taxing
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Dates: during 1960-1969
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...change, but it is only part of the capital's trauma. Washington is now 67% Negro-by far the highest ratio of any major U.S. city-and the slums have expanded as blacks arrived and whites departed for the suburbs. The flight of middle-class residents and their tax revenues has placed increased demands on municipal services for the poor and made them that much less adequate. Hardest hit is the public-school system, which some real estate agents now frankly warn home buyers to avoid...
...angry atheist, may well have more religious fervor than anyone since Cotton Mather. Her fervor is aimed at making sure that reports of God's death are not exaggerated. Spouting the Constitution as Scripture, she has forced the Supreme Court to ban compulsory public-school prayers, threatened the tax exemption on church property, and is currently protesting the astronauts' moonside recitation of Genesis last Christmas Eve. "I'm no eccentric," she said recently. "I'm the leader of a valid movement...
...night patients are not eligible for care under Britain's tax-supported National Health Service...
...DEBENTURES are IOUs used to pay for companies. Like bonds, which they resemble, the debentures offer a fixed rate of return in interest. Usually the principal is repayable 25 years later, in two installments. Under that arrangement, recipients of debentures qualify for the so-called installment-sale tax provisions. If they swap shares in a target company for the conglomerate's deben tures, they pay no capital-gains tax on the deal until they get their money back in 25 years. Debentures are doubly attractive because they are generally convertible into common stock at an above-the-market price...
...cardboard democracy" allowed Communists and Christian Democrats to succeed one another monotonously in the mayor's office. But the real power still rested with the bishop in his diocesan quarters-marble floors, red plush draperies, gold-framed loveseats-and with those few petty officials, from policeman to tax collector, anciently privileged to corruption...