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::.Salon.com article entitled: Ground Zero.::
...small grants handed out to 9/11 victims, such as the $37,000 payment to the owner of a hair salon located inside the World Trade Center, are not tax free. She says the IRS's after-the-fact decision to tax the grants came as a surprise to New York's congressional delegation.
Maloney has written to the president, the secretary of the treasury and the speaker of the House; and she has tried, unsuccessfully, to introduce an amendment in the Republican House to get rid of what she claims is an unfair tax that has cost recipients $265 million. "I find it hypocritical for this administration to call for permanent tax cuts, yet they've finally found one tax they like -- taxing grants to victims of 9/11."
In the meantime, those 1 percenters of the country can revel in their tax-free dividends & capital gains that are double, triple & quadruple the amount received by the hair salon owner.
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