Word: excessive
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Dates: during 1950-1959
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...laid off must cut his purchases all down the line, thus affecting dozens of industries. On the other hand, a price cut affects only the individual company and possibly its stockholders. However, with corporate profits at close to an all-time high-and the death of the excess-profits tax only six weeks away-many corporations should be able to trim prices without endangering dividends...
...first big company to report, and gave a hint of things to come. Its sales were up 52% (to $292 million), and net soared 172% (to $14 million), as compared with the strike-hampered third quarter of 1952. Said Republic's President Charles M. White: "Without excess-profits taxes, without overtime and with our added productive capacity, Republic Steel should do as well in 1954 as in the current year." Allegheny Ludlum, Youngstown Sheet & Tube and fast-growing Colorado Fuel & Iron (TIME, Oct. 12) all scored net gains of more than...
...cash budget differs from the administrative budget in two ways: 1) it takes no account of the money that the Government transfers from one pocket to another (e.g., the $1 billion in interest paid annually on bonds held by its own agencies), and 2) it counts as income the excess of receipts over outlays for Government obligations such as social security. Because of these differences, the red ink is less in the cash budget than in the administrative budget-which is why politicos tend to slur over their deficits in the administrative budget and talk instead about the cash budget...
...while retaining the voting shares that control the company). But such devices, the book explains, are no longer the sole province of big corporations and rich families; they can be sound business practice for smaller companies or people with relatively modest fortunes. For example, a company in the top excess-profits bracket, which normally gives $500 a year to charity, can set up a $10,000 foundation this year at a net cost, after taxes, of $1,800. The return on the investment at 5% will take care of future charitable requests. But, based on scheduled tax reductions, setting...
...only $1,000,000 twelve years ago by the Cullman family's investment trust, Tobacco & Allied Stocks, Inc. Since Cullman, his brother Howard, chairman of New York's Port Authority, and their relatives own more than 50% of the trust, their net capital gain is in excess...