Word: excessive
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Dates: during 1940-1949
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...Washington observers, the 4% normal income tax would be upped to 6%-some even said 8%; surtax bases would be lowered from $5,000 to $4,000; middle-bracket surtax rates would be raised; personal exemptions might be lowered again; corporation taxes would be increased from 24 to 30%; excess-profits taxes tightened; nuisance taxes might be raised on liquor, tobacco, theatres, cabarets, gasoline, automobiles, radios...
...President was enormously busy, conferring, planning, driving his vast crew to later hours, harder tasks, heavier responsibilities. He froze Bulgarian credits, signed a bill easing inequities of the 1940 excess-profits-tax law, as early Treasury tax returns showed 58% larger than 1939's; signed a bill providing $375,000,000 to continue WPA until July 1, subjected 16 more critical war materials to export license control; slashed by 55% the Army Engineers' $366,808,925 recommendations for 619 juicy rivers-&-harbors pork-barrel projects. Twice at press conferences he endeavored to quiet fears that labor strikes were...
...average of 1938 and 1939 incomes, adding to this figure one-half the difference between it and the average for 1936 and 1937 (except that the exemption cannot exceed the amount of income for the best base-period year). Beneficiaries: "growth" companies. Some dopesters estimated that Philip Morris' excess-profits credit would be upped from $5,805,975 to $7,435,766, Pepsi-Cola's from...
...Unused excess-profits credits can be carried over for two years by all corporations...
...during December the industry was working at a yearly production rate of 77,496,000 tons. Dunn figures that present U. S. steel capacity can be upped to a "reliable capacity" of 87,576,099 tons, merely by cutting down the closed-for-repairs period by 25% and adding excess capacity not now included in estimates. In addition, present expansion plans will bring "reliable" capacity to 91,124,718 tons by this year's end. Mr. Dunn also figured that if the national income is $80 billions in 1941 and $90 billions in 1942, and if certain measures...