Word: exempted
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...TIME, April 22). The inspiration for his medallions came from coins and cylinder seals which he saw in Greece. To convey the classic feeling, he put his initials and inscriptions in Greek letter on some of the medals-but in "Coffee Pot Greek," like a word inscribed on War Exempt Sons of the Rich which spells out "soft cookies." Sculptor Smith calls himself a humanitarian, regards his medals as a purely personal protest against war, which he resents because it may keep him from his work. "War just isn't right anyhow," says he. It took him three years...
...phrase "21 to 35" had led many a registrant to believe that he would be beyond his local board's supervision, as well as out of the draft, once he passed 36. The fact: all men who were between 21 and 35 on Registration Day, and not otherwise exempt, will be legally liable to call until September 1945. This rule holds true even if a man turned 36 on Oct. 17. Practically, of course, as registrants near 40, their chances of being wanted for the Army will steadily lessen. But youngsters who turn 21 between now and 1945 will...
...began flaunting their bare skin because "Adam had no clothes before he sinned. We have not sinned." They thrived on arrest, seemed to crave martyrdom. They refused to register homesteads, furnish vital statistics, send children to school, although they had promised to do so when entering Canada and were exempt from military service. They protested by ingrained habit long after oppression disappeared. They could not comprehend that Canada was not Tsardom, redcoated Mounties not Cossacks, census-takers not conscription officers, homestead laws not a landlord's tyranny. All Dukhobor benefactors (including Tolstoy) were soon fed up, regretted having burdened...
Under either method, the first $5,000 of excess profits is taxexempt. Small corporations may carry over unused portions of their excess-profits credit from year to year, but large ones (earning over $25,000) may not. Partly exempt are the profits of mining companies, airlines. Scattered through the bill is many another exemption, qualification, abstruse gimmick. Finally, cases of "abnormalities" may be adjudicated by the Treasury's Commissioner of Internal Revenue. Since such "abnormalities" are not defined, the Wall Street Journal foresaw that corporations would pay the tax only under protest. Under such a bill, "abnormalities" will...
...offered a carefully simple substitute bill (along Treasury lines), was turned down. Senator Josh Lee offered an amendment to "draft wealth" through forced loans, was turned down. But most of the debate centred on an irrelevant amendment by Senator Prentiss M. Brown of Michigan. His proposal: to end tax exemption on interest from all future issues of Federal, State and municipal bonds. Senator Brown, a liberal Democrat who is not always a New Dealer, headed a special Senate committee which has been studying the question of tax-exempt bonds all year. Fortnight ago his committee reported, and Brown seized...