Search results
Results From The WOW.Com Content Network
In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham Clinton engaged in a series of trades of cattle futures contracts.Her initial $1,000 investment had generated nearly $100,000 (equivalent to $433,241.63 in 2024), [1] when she stopped trading after ten months.
There are different reasons for forming a non-stock, for profit corporation. A corporation created solely to act as nominal owner of some property might not need to have shares of stock because all of the directors or members would have been co-owners. For example, owning a safe deposit box in a corporate name: if the corporation is non-stock, the directors of the corporation are not its ...
The organization's 2013 tax return indicated a 13% drop in total revenue from $8.4 million to $7.3 million. [142] On its 2016 tax return ALEC reported an increase in total revenue from $9.0 million the prior year to $10.3 million. [143]
Underwood's bill, which represented the largest downward revision of the tariff since the Civil War, aggressively cut rates for raw materials, goods deemed to be "necessities," and products produced domestically by trusts, but it retained higher tariff rates for luxury goods. [12] The bill also instituted a tax on personal income above $4,000. [11]
As well the IRS has enacted intermediate sanctions should the members of the organization engage in practices that may excessively benefit any of the organization's members (or officers, directors, etc.) rather than revoking the organization's exempt status (which was the only option available before the adoption of intermediate sanctions) the ...
An ordinary corporation may change to a benefit corporation merely by stating in its approved corporate bylaws that it is a benefit corporation. [ 2 ] A company chooses to become a benefit corporation in order to operate as a traditional for-profit business while simultaneously addressing social, economic, and/or environmental needs. [ 3 ]
IRS location sign at Constitution Avenue, Washington, D.C. The IRS originates from the Commissioner of Internal Revenue, a federal office created in 1862 to assess the nation's first income tax to fund the American Civil War. The temporary measure funded over a fifth of the Union's war expenses before being allowed to expire a decade later.
"Bill Clinton, though highly regarded by other governors, has not previously been tested on the national stage. He has, when pressed, shown a discomfiting tendency to blur truthful clarity. But he, much more than his rivals, manifests qualities of leadership: intellect, years of immersion in government, the capacity to attract first-rate people ...