Word: deductability
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...Failure to deduct depreciation reserves in arriving at rate base values has permitted the Bell System to earn a return on amounts far in excess of the investment made by the owners." Rates should be based on the "prudent investment" theory espoused by Franklin Roosevelt...
Violation of any "conditions" is sufficient cause for discharge and entitles the company to deduct $15 of pay as a forfeit, the money to go to the employes welfare fund. Furthermore, each employe must be fingerprinted...
...Next morning he was in Hyde Park to inspect a new firebreak in his woods, letting newshawks know that his 560-acre tract adjoining his mother's estate is not a gentleman farmer's operation run at a loss which he can deduct on his income tax return (as suggested by his district's Republican Congressman Hamilton Fish), but a timber operation (cordwood, fence posts, Christmas trees) on which he should realize a small profit. With him on this weekend was Author Emil Ludwig, biographer of the great, whose next subject is Franklin Roosevelt...
Simon's Tax was announced to run retroactively from April 1, 1937 for five years. After taking $10,000 as its profit base, it provides generous exemptions in the brackets up to $60,000. Taxpayers with incomes up to that figure can deduct, in addition to their initial $10,000 exemption, one-fifth of the difference between their profits for the year...
Example: Jones, Ltd. earn $20,000. One-fifth of the difference between that sum and $60,000 is $8,000. So from their $20,000 income, Jones, Ltd. deduct $10,000 plus $8,000 and pay Simple Simon's Super Tax of 5% on $2,000 of profits, over and above their normal...