Word: dividend
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...Ending "double taxation" of dividends. At present, a corporation pays tax on its profits, and then a stockholder pays tax on the portion of the remaining profit that he receives in dividends. The simplest way of ending this process would be to exempt from corporate taxes the portion of a company's profits that are paid out in dividends. However, the tax-reform team also is studying various proposals for integrating corporate and individual taxes. A stockholder, like a member of a partnership, would include in his taxable income his proportionate share of the company's profits. Several...
...carmine-lipped girls with padded shoulders, the hokey production number with the star swiveling down an immense abstract staircase-they're all here. But why? Half the time Scorsese is sending them up, and the other half trying to cash them in at face value for a dividend of unearned nostalgia...
...making what he was a year ago. Where he had drawn $150,000 in salary and severance pay from his bank and picked up another $20,000 in consulting fees, he now earns $57,500 as OMB director. He may continue to get about $150,000 in dividend income and perhaps another $125,000 in capital gains, which would bring his income to an estimated $335,000. But that is at least $35,000 short of his 1977 interest obligations alone...
...Herr Fix-It of German industry. Two weeks ago, Schmücker, 56, reported that in 1976 the company had cleared a profit of $425 million, which, with tax credits, is more than enough to wipe out its losses of the previous two years, and that it is resuming dividend payments, which were suspended after 1973. And last week Schmücker journeyed to Pennsylvania to check on the development of a new plant that will begin turning out the Rabbit early next year-making Volkswagen the only foreign manufacturer to build cars...
...they were producing a sticky substance called colanic acid that held them together in the absence of their normal outer coat. By manipulating still another of the microbe's genes, Curtiss and Pereira deprived the bug of its ability to make colanic acid. That change provided an unexpected dividend; it also made the already sickly microbe extremely sensitive to ultraviolet light. Any exposure to sunlight would kill...