Word: excessively
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Dates: during 1930-1939
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Under the present law's profit & loss provision a taxpayer who lost capital assets in stock or real estate transactions could deduct them from his taxable in come. The House plugged up this escape when it provided that a taxpayer could not deduct losses in excess of his profits within the same year. Example : a speculator loses $90,000 on one stock and gains $10,000 on another. This year he could trim $80,000 loss from his tax return; next year he can trim only $10,000. If his profits are nil, his deductions are nil. The Treasury estimates...
Amusement taxes such as this are intended to strike, not productive activities, but the excess income used for recreation. They are meant to increase the cost of luxuries while leaving money oarmarked for necessities inviolate. This tax, however, will pinch college activities which are now regarded as necessary to the health and welfare of the students. Football is the support of all other college sports, for it is the only one which draws crowds large enough to pay. If the new tax is passed by the Senate, the revenues from football will inevitably decrease. It would be unwise to make...
...Parade (Metro-Goldwyn-Mayer) is an honest and clever adaptation of Upton Sinclair's sloppy tract on Prohibition (TIME, Sept. 28). Without the radicalism of its original, it delineates the evils of drink and shows, without partiality Wet or Dry, that guzzling to excess brings misery. The heroine (Dorothy Jordan) is the daughter of a charming but besotted Southern gentleman (Lewis Stone). His suicide and the inherited alcoholism of her brother are enough to make her drink shy. She has an even better reason. In Manhattan, where she finds her brother drunk in a hotel, she meets a youth...
...installation of pay-phones in all the entries of the new houses would be a partial solution. This could be done with no expense to the students or to the University provided the phones were used in excess of the monthly minimum set by the Telephone company. Extension of the Randolph plan, however, would give the best solution. The connecting of telephones would involve comparatively little expense as there are already telephone wires in all the suites of the new Houses; it is probable that this initial expense would be more than balanced by the increase in the number...
...banking system with State currency issued against cotton and wheat; 3) abolition of ad valorem taxes on homes and farms; 4) maximum income taxes on "excess salaries of corporation managers"; 5) impeachment for Federal judges who abuse the power of jurisdiction; 6) conscription of money as well as men in the next war; 7) full payment of the soldier bonus; 8) coinage of "enough gold and silver to meet normal demands"; 9) tariff reduction. Adopting this platform, delegates loudly declared that "the great battle of 1932 is America against Wall Street, special interests and predatory wealth." Governor Murray loosed...