Word: exempt
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Dates: during 1930-1939
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Following his economy program (TIME, April 14) Publisher Hearst has now tabooed all such ornaments, all "freak" typography. Not even Arthur Brisbane's '"Today" column is exempt. Hearstpapers are expected thus to save $100,000 this year in composing room time, solely through relieving linotype operators of calculating indentations, counting lines...
...Capital net gain from sale of assets held more than two years 1,843,339,590 6.47 Total 20,279,067,787 71.16 Rents and royalties 1,274,900,549 4.47 Interest and investment income 2,061,471,008 7.23 Interest on government obligations not wholly exempt from tax 40,364,568 .14 Dividends on stock of domestic corporations 4,403,153,965 15.45 Fiduciary 440,551,417 1.55 Total 8,220,441,507 28.84 Total income 28,499,509,294 100.00 General deductions 3,874,021,119 13.59 Net income...
Largest refund: Carnegie Steel Co. (U. S. steel subsidiary), $25,847,259. Insurance companies collected some 35 millions from the Treasury as a result of a recent Supreme Court interpretation of income from tax-exempt securities held by such companies...