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Tenured Professors' Retirement Payments Taxable

By Brendan Pierson (November 5, 2007, 12:00 AM EST) -- Overturning an earlier ruling by a district court and choosing between two conflicting precedents, an appellate court ruled Friday that early retirement payments made by the University of Pittsburgh to tenured professors could be taxed by the U.S. government under the Federal Insurance Contribution Act....

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