Word: taxingly
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Dates: during 1990-1999
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...Roderick Bell, an Ohio state dropout turned businessman, bought two trucks as a tax write-off. Today Bell's firm, Texas American Express, shelters mainly profit. Sales are heading toward $12 million, and 80 freight trucks--whose colors range from salmon to emerald green to pink because employees can pick the shades they please--ply the roads from its modest base in Dallas to the Northeast and the West Coast. Bell is a success--and he has to work harder than ever to stay that...
...1960s Cambridge proposed to tax the property. Harvard resisted initially but then compromised with the city to make "payments in lieu of taxes" (PILOT), voluntary contributions to the city which at the time were "essentially" what the University would have paid were the properties taxed, says James P. Maloney, assistant city manager for finance...
These contributions cannot be quantified monetarily, but University officials say they more than make up for any losses to the city in taxes. They also note that Harvard's tax-exempt status is critical to fulfilling its mission...
Residents also express special concern about long-term development in the area, which places properties like North Hall, 51 Brattle St. and 8 Story St. under the protective mantle of the University's tax exempt status, increasing the burden on area residents...
DENVER: Although Denver businesswoman Carole Ward must have experienced immense satisfaction, she had to know she'd pay a price for telling off IRS agent Paula Dzierzanowski during a 1993 dispute over $324,000 in unpaid income taxes. "Honey, from what I can see of your accounting skills, the country would be better served if you were dishing up chicken-fried steak on some interstate in west Texas, with all the clunky jewelry and big hair," Ward said in the heat of negotiations. Retaliation from the feds was swift and sure: Within weeks, IRS agents posted notices that led locals...