Word: taxingly
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Dates: during 1970-1979
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...Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb the pace of business?and inflation?by limiting the supply of money, banks were able to circumvent this tightening by obtaining Eurodollars. The 8% reserve requirement will discourage this...
Teichner Associations Incorporated (TAI) is recruiting college students from Harvard and other Boston colleges to distribute questionnaires for WNAC-TV (channel 7) at 35 polling sites November 6 during the Boston mayoral elections. Each student poller will receive $50 tax-free...
Milne said MIT plans to build an office park there similar to the one in Tech Square, although financial considerations have delayed development. "Our general notion is to develop that property for tax-producing, job-producing purposes," he said. "I was elected president of the Cambridge Chamber of Commerce, so the business community must think well of the school...
...raise would a worker have to get to keep up with inflation after federal, state and city income taxes take their bite? Certainly price rises and tax rates vary from one part of the country to another; but the following figures, prepared by the Ernst & Whinney accounting firm, show how big a boost three families, each consisting of four people and living in New York City, must be given to keep them even with the national inflation rate of 13%. In all three cases, both spouses are assumed to be working, each earning half the family income...
Raise needed to increase after-tax income...