Word: brackets
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Dates: during 1950-1959
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...Soviet Authority plus electrification." Since then, five Five-Year Plans have come and gone. Soviet Authority is still supreme, but the electrification of Russia hardly extends beyond the big cities. Last week Lenin's successors announced a sixth Five-Year Plan, the main feature of which was a bracket of atomic power stations with a total capacity of some 2.5 million kilowatts...
...Pennsy and others in need, foundations pay back their founders in many ways. A foundation not only gives its donor an outlet for generosity but saves him much of the annoyance of being solicited by a multitude of charities. It also helps him slide into a lower tax bracket. An individual may deduct up to 20% of his taxable income for payments into a foundation; a corporation may deduct 5%. In some cases, the saving in taxes almost equals the cost of philanthropy. A foundation can also be used, as was the Ford Foundation, to help a family retain control...
Hollywood's sellout to TV last week moved into the multimillion-dollar bracket. Thomas F. O'Neil, president of General Teleradio and new board chairman of RKO Radio Pictures, announced a $15 million deal with C & C Super Corp., which has taken a perpetual lease on 740 RKO features and 1,000 shorts. The features include such old favorites as Gunga Din, Citizen Kane, The Hunchback of Notre Dame, Abe Lincoln in Illinois, Kitty Foyle, Stage Door, Having Wonderful Time, Once Upon a Honeymoon and eight Fred Astaire-Ginger Rogers musicals. All the films in the package...
...case, Butters added, should capital-gains taxes be raised without a compensating cut in high-bracket income taxes, lest investment incentive vanish. On the other hand, if the capital-gains tax were eliminated, New York Stock Exchange Research Director Jonathan Brown estimated that $200 billion in "locked in" capital, i.e., unrealized capital gains, would be liberated for new investment...
Months ago the Texas Board of Insurance Commissioners discovered that six auto-insurance firms were overcharging Texas policyholders by misclassifying them in the highest possible premium bracket...