Word: excessive
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Dates: during 1940-1949
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Besides being almost eight times prewar budget size, and nearly as large as Canada's entire national income in 1939, the new $3,900,000,000 bill called for what amounted to compulsory savings for corporations and individuals. Excess-profits taxes were upped from 75% to 100%, with the provision that 20% would be returned after the war, with interest. Similarly, part of the increased income tax on individuals will be recognized as savings and returned. Example: a married man in the $5,000 class, whose present tax is $1,000, will have a total...
Newport's waterworks slapped a lien on the two-million-dollar villa purchased last year by her mother for Torch Singer Gertrude Niesen, demanding $792 for excess water "used" at the villa between January and June. The pipes in the mansion had burst in February and poured out more than a million gallons. The waterworks also asked an $83 advance for the coming year...
...Rejected proposals to pay back to industry after the war 14% of the excess profits collected from it now. The committee also let stand the 94% excess-profits levy denounced as "a danger to the full success of the war production program" (because it gives industry no incentive for greater production) by Donald Nelson, Under Secretaries Patterson and Forrestal, and Admiral Land...
...Chief cause of ulcers is excess production of hydrochloric acid, which erodes the lining of the stomach. (This abnormal flow of acid is usually produced by constant worrying, emotional upsets.) Standard medical treatment for ulcers consists of many small meals of bland, semiliquid foods based on milk & cream. Thus the stomach, frequently filled, has small chance to consume itself, and the ulcer, like other sores, gradually heals. But this treatment, said Dr. Winkelstein, does not go far enough. Between meals the acid continues its destructive work, especially at night, time of greatest acid flow in ulcer patients...
...prices to 15? a lb. (v. 20? in 1937); it has taken on operating contracts for Government-owned plants for only 15% of the profits-and that means for practically nothing at all, after paying up to 94% of that 15% back to the U.S. in excess-profits taxes. But Alcoa kept its leadership in aluminum unchallenged...