Word: taxingly
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Dates: during 1970-1979
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...permanent grounding, McDonnell Douglas would not only be sued by airlines that have paid a total of about $10 billion for DC-10s but would also have to write off the plane's $574 million of unrecovered development costs, more than triple last year's after-tax earnings...
...Harvey Sloane, the articulate and capable former mayor of Louisville. Outgoing Governor Julian Carroll, whose administration has been tainted by scandal, was backing his former commerce commissioner, Terry McBrayer. Spunky Lieutenant Governor Thelma Stovall had strengthened her own candidacy by calling a special legislative session to consider tax cuts. As the pack turned into the home stretch, the mud started to fly. Governor Carroll took to the stump to attack Brown, once a close friend, whom he accused of refusing to release his income tax returns in order to conceal his gambling debts. Even Colonel Sanders let it be known...
...tax-exemption question is just as sticky. Cambridge plays host not only to Harvard, but also to the Massachusetts Institute of Technology (MIT) and a number of smaller schools--as a result 52 per cent of Cambridge land is tax-exempt. Meanwhile, Cambridge provides the universities with public services--water, fire protection, sewers and the rest. In return, Harvard makes payments in-lieu-of-taxes. They increased the amount paid to the city each year in 1979, but tenant lawyer Sullivan estimates that Harvard still pays only about 25 per cent of what it would in taxes. "Harvard recently...
...goes on to rationalize Harvard's failure to include value judgments in making its purchasing decision. But he has acknowledged the crucial point that the University does support the status quo with its money. As Donald Woods points out, "Every dollar invested in South Africa yields tax revenue for the apartheid government to reinforce its police-state apparatus. And every dollar earned by Harvard from investment in South Africa derives from the repression of the black majority there...
...from 1946 to 1977 and senior research fellow at Stanford's Hoover Institute since 1977. He writes an economic column for Newsweek. An ardent supporter of free enterprise, Friedman believes that many government welfare and antipoverty programs do more harm than good, and he especially disapproves of manipulating government tax and expenditure rates to stabilize the economy. A firm believer in limiting the role of government, Friedman has called for the abandonment of federal regulatory agencies, the public school system, occupational and professional licensing boards and the Social Security system. His books include Capitalism and Freedom...