Word: excessive
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would be a fine tax hedge for Foremost, a growth company now beginning to feel the effects of the excess profits...
...were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...
...company is in the excess profits category, this ratio can be as high as 1 to 3. This is a far cry from the time when the law went into effect and corporate taxes took only about 10 percent of net income--a 5 to 1 ratio...
...week Standard Oil (NJ.) made G.M. take a back seat. Jersey Standard's 1951 profits set a new record of $528,500,000 after taxes, up 29%. This, for the first time in six years, put it ahead of G.M., whose 1951 profits, hit by material cutbacks and excess-profits taxes, totaled $506,100,000, v. $834 million the year before...
...building has facilities for all varieties of athletics, but lacks the fancy and expensive training devices found in many college field-houses. Ingenious Harvard athletes, however, have in part managed to make up for this lack of high-powered equipment. When obliged to take off excess weight in order to get in trim, Harvard wrestlers do quite well without a steam room. In the basement of the Indoor Building are steam tunnels so large that a man can easily run around in them--the combination of exercise and steam makes an ideal reducing agent...