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Word: buying (lookup in dictionary) (lookup stats)
Dates: during 1960-1969
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Usage:

...increases were so pervasive that not a single component of the Government's price index declined. Transportation rose 4.2%, food 4.5%, apparel 6.6%, medical care 7.2%. By Washington's official reckoning, which probably understates the cost of living in many large cities, it now takes $122 to buy goods and services that a decade ago cost...

Author: /time Magazine | Title: Business: The Economy in 1968: An Expansion That Would Not Quit | 12/27/1968 | See Source »

...STOCK TRADING: Many U.S. investors use secret accounts to play the stock market, cabling or mailing instructions to their Swiss banks to buy and sell securities through brokerage houses in New York. Another trick is to phone a New York broker designated by a Swiss bank and use a code name to place an order. The broker executes the order for the account of the Swiss bank and winds up with no record of the real buyer's identity. Since foreign banks are not taxed at all on trading profits-and at a maximum rate of only...

Author: /time Magazine | Title: Business: How Some Americans Play It | 12/20/1968 | See Source »

...IMPORT-EXPORT: Some U.S. importers minimize the taxes they pay on profits. Every time they buy foreign goods, they use special arrangements to pay excessively high prices. They thus deflate their recorded profits and tax obligations. Meanwhile, the foreign sellers kick back part of the bloated purchase price into the Americans' Swiss bank accounts...

Author: /time Magazine | Title: Business: How Some Americans Play It | 12/20/1968 | See Source »

...REAL ESTATE: To avoid paying income taxes, some American real estate owners hold large sums of cash in numbered Swiss accounts. How can they ever use the money? They have the Swiss bank arrange to "buy" some of their properties with money from their own anonymous accounts. In that way, the money is repatriated to the U.S. One real estate man, for example, "sold" a piece of property for nearly $1,000,000 but did not have to pay taxes on the deal since the property had cost no more than that when he purchased it. There was a further...

Author: /time Magazine | Title: Business: How Some Americans Play It | 12/20/1968 | See Source »

...commercial photographer from Baton Rouge, La., ran into financial difficulties while setting up his business in 1957 and had to defer payment on various accounts. He has since become successful enough to buy-on credit-an airplane for his business, and Dun & Bradstreet rates his borrowing capacity at about $35,000. But three months ago his wife was unable to charge two cans of paint for the family swimming pool because of the eleven-year-old local credit-bureau report...

Author: /time Magazine | Title: Privacy: The Horror Side of Credit | 12/20/1968 | See Source »

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