Word: exceed
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Dates: during 1920-1929
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...Limitation of deductions from gross income for interest paid and for losses of a nonbusiness character to the amount that these items exceed tax exempt income. It was the practice of the very rich to borrow money and invest it in tax exempt securities; thus they could deduct the interest from their net taxable income and also get untaxable profits from their investments. This was made illegal by the Act of 1921. The law is still easily evaded, however, because it is possible for a man to invest his regular income and borrow for his living expenses and other purposes...
...conventions of the Student Volunteer Movement are held every four years. The first one took place in Cleveland in 1891. At that time 51 institutions sent a total of 680 delegates. This year it is expected that the number will exceed 8,000, and will represent over a thousand different institutions all over the world...
...Union will again hold an essay contest with first and second prizes of $100 and $50. The essay, which is not to exceed 2500 words in length, may have for its subject anything which would be suitable for an article which one of the better magazines of the country would accept...
...bonus. Said he: "We can have tax reduction and do justice to the American soldier as well, by treating adjusted compensation [the bonus] as a part of the War cost and funding it through an issue of 50-year bonds. The interest and sinking fund charge should not exceed 80 to 90 millions per annum. This would not prevent a reduction in taxes...
Queen Victoria. Every now and again a biographical play comes along and settles comfortably in the center of the bull's-eye. Then for a space a mass of playwrights whose aspirations exceed their acumen present passing glimpses of every spectacular individual in the terrestrial pageant. Usually the results are terrible. Notable exceptions are Disraeli, Abraham Lincoln, Queen Victoria...