Word: upkeep
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Dates: during 1980-1980
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...sloop tax shelter He paid $40,000 down on the $150,000 vessel last November and then put it out for charter. The sloop must show a profit two years out of five, but in the years when it loses money, the losses, including interest payments, insurance and upkeep, are deductible from Flynn's regular income. The IRS still permits him to use the sloop 10% of the time, and Flynn took an inexpensive eight-day cruise in the U.S. and British Virgin Islands last...
...Congress has allocated $100,000 a year toward its upkeep. But even with a further $220,000 from the Post Foundation, the amount falls far short of the estimated $1 million a year required to keep the place in proper trim. Clearly, this Post serial will be continued...
...past two years, the construction management division has split from the planning office and responsibility for day-to-day upkeep of the University-owned property and buildings has been shifted to Harvard Real Estate...
...foggy memory on some of these points last Friday caused sharp exchanges with Subcommittee Chairman Benjamin Rosenthal. When asked about his total wealth, Bunker Hunt replied in a manner that recalled J.P. Morgan's famous quote that people who have to ask the cost of the annual upkeep of yachts cannot afford them. Said he: "I don't have the figures in my head. People who know how much they're worth aren't usually worth that much...