Word: exempt
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Dates: during 1920-1929
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...reduction in the number of individuals in the country actually having excess of $300,000 a year, or in the total actual net income for such individuals, but that individuals actually enjoying such income have, by various methods of reducing net income under the law (including investment in tax-exempt securities), translated themselves from the upper to the lower surtax classes, and in some cases probably avoided the payment of income taxes altogether. In this way the surtaxes are gradually defeating their own purpose and the high rates are becoming ineffective because of the steady disappearance of the taxable incomes...
...tendency to become unproductive of revenue, is not confined to the very highest surtax rates. The tendency is characteristic of all the surtax classes where the rate is high enough to induce evasion of the burden by investment in tax-exempt securities and availing of other methods of avoiding payment of the higher rates. The following table, which, while not official, is compiled from the official Statistics of Income published by the Bureau of Internal Revenue, shows clearly the dwindling of taxable incomes of $100,000 a year or more, and the tax derived from them. *Percent *Percent *Percent...
...Lady Astor was successful in defeating an amendment to her anti-liquor bill, which aims at preventing the sale of intoxicants to people under the age of 18. The amendment, which was defeated by 30 to 17 votes, was to exempt beer from the scope of the bill. A second amendment to limit conviction to those people who "knowingly" sold drink to youngsters was carried. During debate Mr. J. H. Thomas (Labor), acting as Chairman of Committee, demurred against the constant interruptions and pointed out the retarding effect they had on the progress of the bill. Lieutenant-Colonel Archer-Shee...
This University appears to be still exempt. For a time the "Gadfly" gave promise of action: but it much-heralded appearance was more suggestive of a butterfly or moth. Yet there is no telling what secret ammunition may have been brought in; already there are rumors that a more penetrating criticism, from the same source, is about to be let loose. The game of setting up little tin gods and clay-footed idols to knock over is not particularly dangerous, and it has a certain virtue in putting the small players in trim for larger struggles. To undergraduate onlookers...
Alexandro Finta de Arba, sculptor and director of all sculpture exhibits at the Pan-American Exposition at Rio de Janeiro, had to prove to immigration authorities at Ellis Island that he actually was an artist in order to gain admission to this country. Artists are exempt from immigration quotas, and as a result there have been a horde of impromptu "artists" on all arriving steamships. Signer de Arba proved his status by cablegrams from Rio de Janeiro-not by demonstrating his skill upon the spot...