Word: deduction
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Dates: during 1940-1949
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...these, the authorities may throw a smoke screen around a suspected landing place, then intensively search nearby homes and fields. "Illegals" who are caught are herded into a concentration camp. The Jewish Agency for Palestine, recognized as spokesman for world Jewry, negotiates for their release. Usually the British deduct the "illegals" from the regular quota for immigrants (1,500 a month), before freeing them...
...President, I go further than Bermuda. I think we ought to take Bimini and Nassau, only about 50 miles off the coast of Florida. ... We should not only take the islands which belong to the British there, but we should discuss the appraised value of those islands and deduct their value from what Great Britain owes us as a result of World War I and World...
...Deductions. The third factor in advertising's transition was indirect Government pressure. Any firm is entitled to tax-deduct, as a business expense, any reasonable amount of advertising expenditure. In the Treasury Department's hands is the power to say what amount is "reasonable." Businesses with no civilian goods to sell in wartime knew the Treasury would fix an unsentimental eye on large amounts of money spent to advertise products no longer being produced. And businesses still making civilian products also knew that the Treasury, aware of inflation, would look down its nose at advertising urging people...
...fourth for single persons to one-half for a married man with five children-is regarded as forced savings to be refunded after the war. But this "postwar" rebate can be used at any time to buy war bonds, pay off old debts or meet insurance premiums. The method: deduct it from income taxes due in March, 1944. Since most taxpayers are buying war bonds or paying for insurance, they can thus regard the post-war refund as an advance payment on next year's income...
...Treasury made no proposals at all as to lumber. As far as mines (and oil wells) are concerned, the Treasury has never suggested that they should not be allowed to deduct the actual depletion sustained on the cost of the properties. The Treasury has sought to eliminate the present unsound, unfair and insidious allowance for depletion on the basis of a percentage of the gross income...