Word: exemption
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Dates: during 1990-1999
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Hardly anyone noticed when former House Speaker Newt Gingrich received a vindication of sorts this week. The Internal Revenue Service concluded that the tax-exempt Progress and Freedom Foundation had not broken any tax laws when it helped sponsor a Gingrich college course. The course, as you've probably forgotten, was at the center of the ethics controversy that resulted in a $300,000 fine against Gingrich...
...common in the Arab world, the law in Jordan winks at honor killers. If a man catches his wife or a close female relative in the act of adultery and kills her, he is exempt from punishment. If the situation only suggests illicit sex, he's entitled to a reduced sentence. In such cases, jail terms range from a few months to a few years. Sirhan served six months...
...most recent round of core reform exempt varsity athletes from the History A and B cores...
...That's a 6.1% hike, a rate that is roughly double the pay increase most wage earners will see. For anyone whose income exceeds that higher level, it means an extra $260.40 a year owed to the feds. Tip: earnings stashed in a flexible-spending account at work are exempt from FICA withholding. In a two-earner household, it may pay for the lower earner to fund the account...
...would be very small potatoes compared to federal penalties. The Justice Department is now looking into possible extortion and tax and wire fraud by Salt Lake City Olympic Committee officials. Making a federal case out of the scandal will mean showing that organizers broke the law by using tax-exempt money to buy the gifts or to finance scholarships for relatives of IOC members...