Word: excessively
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Dates: during 1950-1959
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Under Naguib's land reform law, landholdings in excess of 200 acres will be taxed five times the present tax rate as of January 1965. Land not voluntarily sold will be taken over gradually with a small compensation paid in government bonds. This land, in turn will be sold to small farmers...
...than a year ago. Already, values were 24% higher than before Korea. Most of the buyers were city folk, looking for a place to farm weekends and to erect a hedge against further inflation. Many of the sellers were estates or farmers overwhelmed by a lush offer far in excess of their property's value as a working enterprise. The one exception: big ranches in the Western grasslands, where steer prices have dipped about 7? a pound, now bring 20% less than a year ago. Farm real estate men like Don W. Reed of Painesville, Ohio thought farm prices...
Taxes. The excess profits tax will probably be allowed to die in June. Excise taxes, long under attack by liquor and other industries, may be lowered where hardship can be proved. The 12% boost in personal income taxes, approved a year ago, may be allowed to expire in December 1953. But businessmen were well aware that the U.S., now running a $10 billion deficit, can only hope for real tax relief if the Republicans find a way to cut waste in military and civilian spending...
...partly to blame for the public's ignorance, the Journal complains, because some of them like to take a nip in cold weather. The ironic truth: alcohol may really do more good in the tropics, by dilating blood vessels and helping the body to get rid of excess heat...
...hard by Congress's big retroactive tax bite which came out of the third quarter in one big chunk. U.S. Steel, for example, set aside an added $26 million in taxes to pay the bill. It was also helped by a $5,000,000 tax credit under the excess-profits law, since this year's actual profits were below last year's. Consequently, Big Steel was able to show a third-quarter increase (92? per share v. 83? in 1951) in spite of the steel strike...