Word: brackets
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Dates: during 1950-1959
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Heavy personal income taxes have loaded big corporations with a new problem: how to have & to hold able executives. So much tax is carved out of upper-bracket incomes that corporations find it almost impossible to give a top man a salary increase that will do him any good. The $100,000-a-year man today keeps $48,100 after taxes; figured in terms of 1939 dollars, his take-home pay is only $26,070.* He works part of every day and full time every other day for the Government. As a result, many men who have piled up pension...
...domestic scene and became frankly political. His politics seemed roughly the politics of Ohio's Robert Taft, but without Taft's political and economic sophistication. He painted a dark picture of the "forgotten man" being crushed by taxes, and advanced the surprising thesis that "the low-income bracket" is bearing most of the taxation. He added: "We compound irresponsibility by seeking to share what liquid wealth we have with others [i.e., in foreign aid] . . . Talk of imminent threat to our national security through the application of external force is pure nonsense." Reverting to his own dismissal from command...
Department - by - department glances show that the prospects for installing even the more expensive Blackmer plan are surprisingly good. A few professors have already offered to bracket one of their courses (giving it in alternate years) in order to devote more time to tutoring. If everyone shows this willingness, most of the problem will be solved...
...January, has since cleared up. Representative Carl Vinson (D-Ga.), chairman of the House Armed Services Committee, said last week that an 18-year-old draft will almost surely not be necessary immediately because the Army should be able to fill its ranks by drawing on the 19-26 bracket. This means that incoming freshman classes would be almost untouched...
Monro noted that most scholarship applicants come from families that live on white collar salaries, the "stickiest" form of income. Annual earnings in this bracket, about $4000 per year, according to Financial Aid Center's statistics, will not keep pace with the rising national price index...