Word: exempts
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...Sudbury teacher has challenged Harvard's tax exempt status because of alleged political activity during the October 15 Moratorium...
Daniel A. Greenberg is suing the Boards of Assessors of Cambridge and other Boston communities for improperly granting tax exempt status to Harvard and ten other colleges and universities in the Boston area. The law states that charitable institutions which engage in political activity forfeit their tax exempt status, Greenberg said...
Those with birthdays drawn first will be the first to be inducted; those with birthdays drawn near the bottom of the list will be almost sure of exemption throughout the year. Those classified 1-A and not drafted during the year will drop into a lower-priority pool and will ordinarily be draft-exempt for the rest of their lives...
...over $100 million came from real estate speculation conducted by astute agents after Joe Kennedy had more or less retired from an active business role. Another substantial portion-perhaps $100 million if the managers have followed the rule of thumb applied in allocating other large fortunes-is in tax-exempt securities. The only corporate entity to which the fortune is intimately tied is the family itself. There is no highly visible family business...
...people might turn sincere overnight," Marshall said, musing on the probability of religious revival in America. He joked about pot "licenses" for marijuana acolytes and asked whether the Brotherhood's "temples." like churches, should be tax-exempt...