Word: exempted
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...Total tax-exempt securities in the hands of non-Governmental owners aggregated $50,522,000,000 on June 30, 1937, paid interest of $1,554,000,000. (Another $15,126,000,000 with interest of $397,000,000 was held by Government bureaus, sinking funds, Reserve banks...
...report by the Treasury Department totting up the volume and type of present wholly tax-exempt securities in private hands showed that 53% of them were State and municipal issues. Other significant facts of the report...
...bigger the individual income, the bigger the percentage of that income likely to be derived from tax-exempt securities. Tax-exempt interest accounted for less than 2% of the incomes of $5,000 to $10,000, 10.2% of incomes over...
...exempt total in non-Government hands, $22,555,000,000 issued by Federal agencies and the U. S. Government is only partially taxexempt. Of the $27,967,000,000 which is wholly taxexempt, $14,854,000,000 (53%) were state or municipal issues...
...York City's Fusionist Mayor Fiorello H. LaGuardia was given: 1) permission to exempt from the city's constitutional debt limit a new bond issue up to $315,000,000 for a unified city-owned subway system; 2) a Home Rule provision restricting the power of the legislature to interfere in city affairs by passing "emergency laws...