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  2. Cost basis - Wikipedia

    en.wikipedia.org/wiki/Cost_basis

    Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain /(loss) that equals the amount realized on the sale minus the sold property's basis.

  3. Cabinetry - Wikipedia

    en.wikipedia.org/wiki/Cabinetry

    A cabinet is a case or cupboard with shelves or drawers for storing or displaying items. Some cabinets are stand alone while others are built in to a wall or are attached to it like a medicine cabinet. Cabinets are typically made of wood (solid or with veneers or artificial surfaces), coated steel (common for medicine cabinets), or synthetic ...

  4. MACRS - Wikipedia

    en.wikipedia.org/wiki/MACRS

    7. Cost or other basis* $10,000 8. Business/investment use: 100% 9. Multiply line 7 by line 8: $10,000 10. Total claimed for section 179 deduction and other items-0- 11. Subtract line 10 from line 9. This is your tentative basis for depreciation: $10,000 12. Multiply line 11 by .50 if the 50% special depreciation allowance applies.

  5. Hoosier cabinet - Wikipedia

    en.wikipedia.org/wiki/Hoosier_cabinet

    During its peak years, the company produced nearly 700 cabinets per day, and was the largest manufacturer of kitchen cabinets in the United States. [42] Free–standing kitchen cabinets began declining in popularity by 1930, and Hoosier Manufacturing responded by making kitchen cabinets that were meant to be built-in to the home.

  6. Prisoners of Profit - The Huffington Post

    projects.huffingtonpost.com/projects/prisoners...

    The company has capitalized on budgetary strains across the country as governments embrace privatization in pursuit of cost savings. Nearly 40 percent of the nation’s juvenile delinquents are today committed to private facilities, according to the most recent federal data from 2011, up from about 33 percent twelve years earlier.

  7. Stepped-up basis - Wikipedia

    en.wikipedia.org/wiki/Stepped-up_basis

    A stepped-up basis can be higher than the before-death cost basis, which is the benefactor's purchase price for the asset, adjusted for improvements or losses. Because taxable capital-gain income is the selling price minus the basis, a high stepped-up basis can greatly reduce the beneficiary's taxable capital-gain income if the beneficiary ...

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