Word: taxingly
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Dates: during 1990-1999
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...slightly lower-than-expected performance of the endowment in 1995 left most of the highest-paid fund managers at the Harvard Management Company, Inc. (HMC) with lower incomes during the 1996 fiscal year, according to federal tax returns...
...Meyer said these savings come at the cost of political expedience, for as non-profit institutions, HMC and Harvard must report the earnings of their top employees when filing tax returns...
...House approval by a 333- 99 vote, dodging last-minute bullets in both the House and Senate and clearing the way for a final vote as early as Thursday. A budget-busting House addendum to boost highway expenditures was rejected, along with a 43 cent increase in cigarette taxes proposed in the Senate to fund health care for the children of the working poor. The White House and GOP leaders lobbied vigorously against the defeated amendments, fearing they would puncture the hard-fought consensus reached after months of negotiations. House Transportation Committee chairman Bud Shuster, a major fan of highway...
...attract high-tech businesses like the one that recently moved in downtown, Integrated Technology Group, which makes software for robotic controls. Gus Comstock, the city's economic development director, sees this as the right kind of business for the future. It is high paying, clean, and does not tax the local infrastructure. "You don't need mammoth loading docks," says Comstock. "You can get $1 million in software in the back...
Martin Feldman, tobacco analyst at Smith Barney, estimates that an additional tax today of 50[cents] a pack would curb cigarette sales by 8%. That would be O.K. with investors, who would gladly accept a smaller revenue stream so long as profits were protected against lawsuits. But any big increase above that starts to make the industry's economics go awry, including its 30% operating margins. I have no idea where the breaking point is but there surely is one. To me, $300 billion is a lot of money, no matter who's paying. If Big Tobacco can afford...