Word: excessively
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Dates: during 1930-1939
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...ever have approved Jim Farley's own company books if he had tried to balance them as he did the Post Office's. No comfortable legal fiction could relieve U. S. taxpayers from making up the very real $52,000,000 which the Post Office last year spent in excess of its receipts. As for their Chief's claim to the greatest surplus but one in postal history, even Post Office officials admitted that his budget could not be fairly compared to those before...
...Back of most of these extras was more than a burst of Christmas cheer. It was acute corporate fear of the tax collector. Under the Revenue Act the Federal Government may lay a penalty up to 35% on the net income of a corporation which accumulates surpluses in excess of what the Government believes it "reasonably" needs. Month ago the Treasury Department launched a drive to collect such penalties from some 100 U. S. corporations (TIME, Oct. 29). The Treasury Department found itself in a morass of legal tangles arising from the difficulty of deciding what needs are ''reasonable...
Judge Grubb did not declare TVA unconstitutional but he did raise a major constitutional question which first he and later the Supreme Court will have to answer. Citing the enumerated powers of Congress he declared: "If the program of the Tennessee Valley Authority involves only the salvaging of excess or unused electric power, produced in aid of its operations in improving the navigation of the Tennessee River, or in relation to its operations at the Wilson Dam, or the Nitrate plants, there located for the National defense, or for the benefit of lands owned by it in the government reservations...
Only rich Germans with yearly incomes in excess of 100,000 marks ($40,000) are barred from the new bounty. Offspring will be counted as "children" good for income tax purposes until they reach...
Ostensibly a free-for-all between independent distributors and the major companies over the differential between branded and unbranded fuel, the contest was touched off by the flood of oil produced in excess of state quotas. By last week the only apparent check to price-slashing was a clause in the Oil Code limiting cuts to no more than one every 24 hours. Retail prices were off from...