Word: owing
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Dates: during 2000-2009
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...owe President Rudenstine an enormous debt of gratitude for his initiative and success in mounting the first-ever University-wide campaign at Harvard," Fineberg wrote in an e-mail message...
...have $500,000 in company stock, with a cost basis of $100,000. If you are in the 31% tax bracket and take possession of the stock, you will immediately owe $31,000. But the eventual tax on that $400,000 will be just $80,000 for a total tax bite of $111,000. In an IRA rollover the total bite would be $155,000. And by taking possession, you can later pass the stock on to heirs at a stepped-up basis. Your heirs will pay capital-gains tax on the difference between the cost basis and the market...