Word: excessively
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Dates: during 1950-1959
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...bill made scant effort to dry up excess spending power-the biggest source of inflationary pressure-with heavier excise taxes on consumer goods. It provided only a $1.3 billion boost in excise taxes, v, the $3 billion the Treasury had sought. In boosting income taxes, the committee tailored its formula to favor the lower-income groups, although Treasury Secretary John Snyder had said the biggest boost should be made there. The bill...
...Raises both corporate-income taxes and excess-profits taxes by a flat 5%, raises the overall corporate-tax ceiling from 62% of a company's total earnings to 70%, lowers the excess-profits tax's definition of "normal" profits from 85% of the base-period average to 75%. All these are retroactive to last...
...Excess profit tax laws...
...high pressure is useful in determining the process of a projectile penetrating armour plate. The wire industry would also profit if the wire could be pulled in high pressures. Bridgman says that by stretching a wire "under pressure and releasing it at atmospheric pressure, material with strength greatly in excess of that normally possible at atmospheric pressure could be produced...
...trustees have "generally recognized the danger of improperly reaching for income," i.e., buying speculative securities for their high dividend return rather than sounder securities with lower returns. They have further delivered themselves from temptation by arbitrarily paying the college a stated income on endowments (4.2% this year), putting the excess in a reserve to draw on in bad years. Thus, they are less tempted to take flyers in search of high, short-term returns. Treasurer Cabot hopes to add to the reserve, which last year totaled $5,687,009, until it equals one year's investment income (last year...