Word: excessive
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Dates: during 1940-1949
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...headed south, landed an hour later at Washington (275 miles), where Navy pilots flew it, found it good. Of Vought-Sikorsky's new F4U, built on contract to Navy specifications, Secretary of the Navy Knox had proudly announced that it had a high speed in excess of 400 m.p.h. Tough, seasoned Rear Admiral Jack Towers, the Navy's veteran flying air chief, had said to newsmen: "I believe this to be the fastest airplane in the U. S. today." One newsman, remembering glowing reports of 450-m.p.h. speeds by other U. S. fighting aircraft, asked how come...
...cooled job had ever been slicked before. An old flying adage is that "there is no substitute for soup," i.e., horsepower. In soup the new radials were ahead of the Allison by close to 2-to-1, even when the Allison was putting out its full power. Excess power means not only more speed, but better climb, higher service ceiling, more ability to lug the heavy armament load needed in modern fighters...
Burdened with a lot of weight that Army pursuit ships do not need-catapult and arresting gear, a beefed-up tail for carrier service, flotation gear-the Vought-Sikorsky F4U still has a cruising radius of more than 1,000 miles, a service ceiling in excess of 30,000 feet. Fitted with the new 2,000-h.p. engine - in place of the 1,850-h.p. that now drives it-it will have still better performance...
...annual deduction guide to many a painfully executed Form 1040. Said C. P. A. Lasser: by upping their advertising costs, typical corporations can reduce by 24% to 60% the size of their tax payments next March. Sample: a firm netting $50,000, of which $25,000 is in the "excess" brackets, would (using the "average-earnings" option) owe $14,312 in taxes. By spending an extra $25,000 for advertising, this firm could reduce its tax bill to $4,152 (the normal tax on $25,000 income). Profits, of course, would also be reduced; the tax saving is merely...
...When the Excess Profits Tax was passed last month (TIME, Oct. 14), many a corporation president thought of calling his advertising manager to ask him whether he wanted a bigger piece of the budget. Reason: advertising, by Treasury standards, is a legitimate business expense; why not put the money into advertising rather than hand it over to the Government? During World War I's excess profits tax, many a luxurious good-will campaign was so prompted...