Word: dividend
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...political dream was a fiscal nightmare. Johnson's plan affected several phases of tax policy, but its heart was a $20 cut for each taxpayer plus a $10 cut for each dependent (except the spouse), balanced against repeal of the Eisenhower Administration's tax credit on stock-dividend income. Johnson maintained that the proposal would add almost $5 billion to U.S. revenue. But Harry Byrd, a better man with tax figures than Lyndon Johnson, said that it would result in a net loss of nearly $600 million. Tax Expert Byrd's conclusion: Johnson's jerry-built...
With his kindly, canny Scots face and fluent speech.Watson was his own best salesman. Carefully he designed new machines to fit each customer's needs, and within a year he was president of CTR: Two years later, the company paid out its first $3 dividend and Watson was on his way. He conjured up so many new ideas that he still holds in his own name more than a dozen patents for machines. Wherever he went, he drove his staff to do more, learn more-above all, to THINK more...
...blandly explained that the income-tax cut would not add a cent to the national deficit since his amendment also proposed to 1) continue the present excise and, corporation-tax rates for two years instead of the one-year extension requested by the Administration, and 2) take away the dividend credit granted by the 83rd Congress to stockholders...
...equilibrium, which is no small feat in the Hearst empire." As general manager of the newspapers, Kern will have a chance to communicate his sense of equilibrium where it is needed most-on the Hearst company's balance sheet. Last week Hearst directors voted to pay no quarterly dividend, though they noted "a distinct improvement in earnings over last year," when nine-month losses ran to more than $1,000,000 (TIME...
Copper Proppers. While its atomic-powered pride, the Nautilus, was undergoing her first diving tests General Dynamics declared a 100% stock dividend, and raised its cash outlay from $1 to $1.10 a quarter: the stock scooted up 14¾ points during the week, to 96⅝. Remington Rand reported a third-quarter net of $5,003,268 v. $3,144,787 a year ago, and its stock jumped 6⅜ points, to 40; giant General Motors reported quarterly net of an estimated $2.50 v. $1.60 m 1953, and near-record earnings of $806 million for the year v. $598 million...