Word: collectively
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Dates: during 1960-1969
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Businessmen naturally find no fault with the Administration's proposal to reduce corporate taxes from 52% to 47% over three years. They are concerned by the effort to link the cut with a speedup of tax payments by corporations, so that the Treasury can collect all its taxes in the year they are earned. The speedup will make federal budgeting easier and give Government economists a quicker and more dependable reading of the economy. But its immediate effect on major companies, which pay 80% of all corporate taxes, will be a heavier tax burden...
...easiest way to obtain bee venom is to get stung. But the method is plainly neither pleasant nor practical. Scientists anxious to gather the poison usually settle for a more cautious approach. They collect live insects, grab them one at a time with a pair of tweezers, then deftly slice out the venom sac; or else they persuade the stinging insects to discharge their poison through a rubber membrane...
...goods and services, thereby making the economy even slacker. So what is the answer? It is to cut taxes while keeping federal expenditures high. The stimulating effects of tax reduction would increase incomes and profits, eventually making it possible for the Government, even at lower tax rates, to collect enough revenue to balance the budget. "In the end," said Witness Gordon to the committee, "the problem of federal deficits can be solved only in a prosperous and growing economy. It is to this goal that the Administration has directed its tax and expenditure policies...
...race horses. When one of the horses won a $20,000 purse in California, IRS wanted to seize the money. But his lawyer persuaded the agents that if the actor used the money to ship the horse East and enter him in a $100,000 race, the Government might collect a lot more. In effect, IRS bet on the horse. It finished out of the money-and so, for the time being...
...fact that present trading-stamp plans develop "store loyalty" but do nothing for "product loyalty." Carlson, 48, who built Gold Bond into one of the nation's leading trading stamps, had just the solution: let the manufacturers give away stamps too, so that the housewife can collect two sets of stamps-one at the grocery shelf and one at the check-out counter...