Word: cash
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Dates: during 1960-1969
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...tripled his fortune since he went to Europe, has settled his $700,000 tax debt to the U.S. Government for $425,000 cash. He gets 75% of his income outside the U.S. market and netted $3,000,000 for 1952's Limelight, not counting U.S. royalties. Royalties roll in steadily from his old films, most of which he owns outright. Like many foreign stars living in Switzerland, he pays the Swiss government a flat and fairly nominal yearly sum, and no additional income taxes. He has never lost his penny-conscious regard for money. In fact, although he lives...
...turned up. Research-heavy Raytheon, which is engaged in an intensive cost-cutting program, increased its earnings 83% to $2,500,000. But once glamorous Texas Instruments, still heavily in semiconductors, slipped 36% to $2,400,000-though the company saw enough promise in its future to declare a cash dividend of 20? a share, its first since...
...Cuba were meeting what he called "conservative targets." The outlook: 4,000,000 tons or less, which, with last year's carryover, will bring Cuba only $336 million, or a bare 53% of sugar earnings in pre-Castro 1957. Even that sum will not be in hard cash, but in high-priced barter goods from the Soviet bloc, which has replaced the U.S. as Cuba's major trading partner...
...revising their rulings on the useful life of each of the myriad varieties of machinery used by U.S. industry. The shorter useful-life rulings will allow businessmen to deduct the purchase price of machinery from their income tax in larger chunks-and hence leave them with more after-tax cash to buy still more machinery. Though other industries are unlikely to get the whopping 40% depreciation speedup already accorded the hard-pressed textile industry (TIME, Oct. 20, 1961), the Administration estimates that faster depreciation and the tax credit together will give U.S. business an additional $2.5 billion to $3 billion...
...effort to raise funds for the project, the HMC has followed the lead of the University and is appealing to the loyalties of Club alumni who now are in a position to contribute cash. The club estimates that basic costs will come to more than $700 for the 32 by 19 foot log structure. By the time furniture, handsome rugs, an outhouse, and other vital accessories are added, the costs will probably reach...