Word: bracketeers
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...difficult to take; there was something for everybody. Lifting of personal exemptions from $500 to $600 (and an extra $600 for those 65 or over) would take all or much of the sting out of the income tax for low-income families. For 7,400,000 lower-bracket families (up to $2,000 net income) it meant no more income tax at all. For about 55 of every 100 taxpayers-those with more than $2,000 but less than $5,000 net income-it meant reductions of one-half to one-quarter in what the boss withholds for the Government...
Already listed in the ranks of U. S. figure skating judges, Barbara hopes to move up to the top bracket in this field. She is now rated a "low test judge," which qualifies her to pass on the ability of those who are cutting their first figure eights...
Around 41% of Merrill Lynch's customers had incomes of $5,000 or less; 30% made between $5,000 and $10,000, and only 29% were in the upper-income bracket. The biggest group was wage earners (19%). Executives came second (18%), housewives and widows third (16%). (Although Merrill Lynch did not specify, probably much less than 19% of its total business came from wage earners.) Merrill Lynch did not know whether or not its customers had made money. But Merrill Lynch had not done too well itself in 1947. Gross income of $22,377,582 was 24% under...
...syndicate. Last summer he was hired by the New Republic for eight weeks of editorial doctoring, stayed on as managing editor at Straight's request. Johnson started to trim the editorial budget from $420,000 a year to $240,000. Then Straight asked that a group of lower-bracket employees (19, said Johnson) be lopped off. Johnson countered: Why not get rid of some of the more expensive help? The list came down to half a dozen, but Johnson found himself caught in a tug-of-war between Straight and the American Newspaper Guild. Last week, when...
...their new $9.95 sets. Emerson Radio & Phonograph Corp., the largest maker of small sets in the industry, came out with a 1948 list that showed some impressive price cuts. Its cheapest model was down 20% to $16.95; and it hoped to hold on to the middle-bracket market with a combination radio phonograph at $99.95 and a four-tube A.M.-P.M. set at $49.95 (almost a 50% cut from last year...