Word: excessive
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...beginning July 1, most wage earners will find their pay checks lopped by about 20%-17% income tax plus 3% Victory tax." You do not explain, however, that the 20% is assessed not upon the full amount of the pay check, but only upon that part which is in excess of the taxpayer's personal exemptions and an allowance for average deductions. As is indicated in the attached table . . . which extends your figures to show the amount of tax withheld as a percentage of the average wage in each bracket, the rate of withholding, of course, will never reach...
...contracts face renegotiation, the War Department Price Adjustment Board last week showed the razor edge of its scalpel. During the year ended May 1, PAB revealed that contracts totaling $18,500,000,000, held by 1,658 companies, have gone under the knife. Two-thirds were found to have excess profits. From them the U.S. recovered $1,866,000,000 in excess profits, almost two-thirds of it from price reductions on future deliveries...
Gold was an even more ubiquitous policeman in the strictly economic sphere. The main rules governing gold were simple. If a country bought more goods than it sold, it settled for the excess purchases by shipping gold in payment. Since nearly all currencies were convertible into gold as a common denominator, a country that lived beyond its international income soon lost backing for its currency and promptly got into serious internal difficulties, which might even include threats of assassination to its finance minister. The main virtue of the gold standard was that it operated with the impassivity of a natural...
...most interesting thing to slide-rule experts was the way 1942 tax rates tended to equalize corporate earnings. The huge earners were hard put to it to turn extra gross into extra net (in some cases tax reserves were six to seven times as big as net income). But excess-profits tax rates are already so high that a drop in gross earnings almost cancels out in the consequent drop in tax liability...
...miles (v. a previous peak of 20,000), decided to play longer runs in big towns east of the Mississippi (thus raising the gross and cutting expenses) and to plug such money-heavy war communities as Detroit. All the "bloomers" (towns with speculative box-office possibilities) were scratched. Excess baggage went overboard: the whole show now fits into 70 cars, moves in three trains (v. go in four trains last year...