Word: a-year
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Salaried taxpayers in the middle and upper brackets took the worst beating. If he took the standard deduction, for example, a $20,000-a-year man with a wife and two children wound up $707.21 in the red-even though $2,975.79 had already been withheld. The smaller the brood, naturally, the more to brood about. While a married man with two children and an income of $7,500 came out $52 ahead, the $7,500-a-year career girl found herself $168.20 in debt to the Government...
Down with Squirrel Guns. Despite last week's headlines, and the FTC's reputation as a very litigious lady, the commission has been trying to reduce its legal assaults. It issued 415 cease-and-desist orders last year-12% fewer than in 1963. Its $28,500-a-year chairman, Paul Rand Dixon, a husky Tennessean, scorns what he calls "the squirrel-gun approach" of suits against individual violators, prefers to lay down ground rules for entire industries...
...elderly, and to displaced or ill-housed families capable of increasing their income in the future. In general, the formula would call for such families to pay 20% of their income for housing-and the Government would make up any necessary difference. Critics might wonder if an $8,000-a-year family really ought to be on a dole, but the President insisted that this section might "prove the most effective instrument of our new housing policy...
...magnet. Its elite law firms typically pick only ten or twelve men a year, work them mercilessly, and pay $7,800 to start. Those who survive may become $35,000-a-year junior partners in ten years. Starting pay is about the same in such cities as Chicago, Atlanta and San Francisco, but rises more slowly. Some Los Angeles law firms are recruiting with promises of $20,000-a-year junior partnerships in three or four years. On Wall Street, brokerage houses pay less than law firms, generally $6,000 for beginners; salaries normally rise about $1,000 a year...
...more than $1,000,000 worth of land, mostly to Chinese investors. Operating on a still larger scale is Miami's General Development Corp., whose chairman is Charles Kellstadt, ex-chief of Sears, Roebuck, and among whose major stockholders is Publisher Gardner Cowles. It reports $4,000,000-a-year sales of Florida realty to investment-minded Europeans and Latin Americans. The firm sometimes charters flights for foreign prospects, who get a $125 discount if they...