Word: exempted
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...mail sent out by these groups "Intended to be read by more than one person," would have to be marked: "Disseminated by ---, a Communist organization." All radio or television programs sponsored by them would have to be similarly identified. Contributions to these groups could not be counted as tax exempt...
...Exempt Real Estate Profit...
Other areas the President thought worth scouting for more revenue: a few tax-exempt educational and charitable organizations which persist in "glaring abuses" of the exemptions, life insurance companies which "have unintentionally been relieved of income taxes since 1946," and short-lived Hollywood corporations de signed to dodge paying big taxes. He wanted to trim corporation income taxes in the bracket between $25,000 and $50,000 a year, proposed a "moderate" tax increase on any profits that jutted beyond the $50,000 level...
...said that Harvard can help American higher education to save its vitality if it will demand that the Navy exempt all NROTC students from the present loyalty test...
...these interferences with free inquiry made in the name of loyalty. It would be pointless, and harmful to military security, for the University to expel its excellent NROTC unit. But the University can help American higher education to save its vitality if it will demand that the Navy exempt all NROTC students from the present loyalty test...