Word: exemption
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Dates: during 1990-1999
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...that group? Savings bonds still offer a return that's competitive with things like bank CDs, money-market funds, Treasury bills and savings accounts. Better yet, the income is exempt from state and local taxes, and you have control over when you cash in savings bonds...
...away to for-profit companies that team up with or pose as charities. Red flags include handing the car over to someone with no visible ties to the charity, i.e., Joe's Wrecker Service, or being asked to leave the new title blank. Check the group's tax-exempt status on www.irs.ustreas.gov and get a receipt. The IRS is also nailing those who overstate the value of their cars, so keep a photo or mileage record in case the deduction is contested...
...federal and state no-call rules exempt so many callers--nonprofits, political parties, pollsters and certain businesses such as newspapers or Realtors--that Kentucky warns those who join its list that "approximately 95% of callers will still be able to call you." These loopholes also invite companies to team up with or pose as charities. To fight such scams, Arizona requires telemarketers to register with the state or face fines...
...about to shoot up, goes this argument. That's because the time limit set by the 1996 act will soon kick in. It requires that those who have received benefits for five years be cut off from welfare for the rest of their lives. The act allows states to exempt as many as 20% of cases from the five-year limit--but that may not be enough to cover a state's entire hardest-to-place population...
...collection without subjecting the buyer to the kind of criminal background check that a licensed dealer would have to invoke if selling exactly the same gun. This loophole has turned flea markets and gun shows--and the Internet--into Quick Marts for anyone needing an untraceable handgun. Guns remain exempt from consumer-product safety regulations, although those rules apply to toy guns. And penalties for crooked dealers still fail to recognize the societal costs of illegal gun sales. Says David M. Kennedy, a Harvard expert on gun commerce: "You can get more time for selling crack on a street corner...