Word: taxing
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Dates: during 2000-2009
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...membership that includes 50 of the nation's largest patient-advocacy groups, including the American Cancer Society, Easter Seals and the National Kidney Foundation. But its board of directors reads like a Who's Who of top pharmaceutical executives from Amgen, Pfizer, Novartis and Bristol Myers Squibb. Its 2007 tax filings show that almost half its $2.3 million budget came from PhRMA and drug companies...
...wasn't until 1914 that drug use was defined as a crime, under the Harrison Act. To get around states' rights issues, the act used a tax to regulate opium- and coca-derived drugs: it levied a tax on nonmedical uses of the drugs that was much higher than the cost of the drugs themselves, and punished anyone using the drugs without paying the tax. By 1937, 23 states had outlawed marijuana: some to stop former morphine addicts from taking up a new drug, and some as a backlash against newly arrived Mexican immigrants, some of whom brought the drug...
...Public schools are a better deal, of course, but their price tag is growing even faster - up 6% or more. All this in a year where the cost of most everything else (as measured by the Consumer Price Index) actually fell. There is a silver lining: increased aid and tax benefits mean out-of-pocket costs for school are lower than they were five years ago, although only slightly. (Read "Germany's Ph.D. Scandal: Were Degrees Bought...
...pocket costs have drifted down: While tuition and fees have risen by up to 20% since 2004, the average net price of college has dropped. Due to the greater availability of grants, financial assistance and tax benefits, students pay an average of $1,100 less at private schools and $400 at public schools than they did five years ago. (The aid and benefits total $14,400 at private schools, $5,400 at public four-year schools and $3,000 at public two-year schools). In fact, after benefits, an average student at a two-year college or university pays nothing...
...House Speaker Nancy Pelosi said recently that she may support a tax change, called a "loss carryback," that would allow money-losing companies to more quickly get tax refunds. Another provision under consideration would extend tax breaks that would allow companies to quickly write off the costs of new purchases. Though many of these provisions could be acted upon before the end of the year, another stimulus proposal to send more federal money to cash-strapped states in 2011 is likely to be put off another year. The February stimulus bill provided about two years of additional state funding. (Read...