Word: assetsâ
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...turned out that David had borrowed $165,328 from the Calhoun bank between 1968 and 1972. He had also overdrawn two checking accounts there by a total of $73,401. David's wife said she had no idea where all that money had gone. But David did have other assets???stocks and other securities worth an undisclosed amount?that were being held at the Calhoun bank. Before his death, David told friends that these assets, as well as assets of other family members, were handled by Bert Lance himself...
...world is such that the rich?those with very large assets???do not actually pay the confiscatory top rates. The rich can arrange matters so that the money rolls in to them in forms that are partly or entirely sheltered from income tax, such as capital gains, royalties from oil properties, interest from tax-exempt municipal bonds. In 1961 a total of 306 U.S. taxpayers filed returns showing an adjusted gross income of $1,000,000 or more. Their adjusted gross income added up to $611,273,000, their total income tax to $280,525,000, or an average...
Straws show which way the wind blows. But when a strawstack is an indicator it tells tales of a wind that is blowing near hurricane strength. Last week 37 banks in Minnesota, North and South Dakota and Montana,?37 banks with over $350.000,000 of assets???were the strawstack at which the Northwest cocked an admiring eye. For the 3 7 banks were united in a great bank chain, headed by the First National banks of St. Paul and Minneapolis...
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