Word: exempted
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...first 10% of total profits retained; 12% on the next 10%; 17% on the next 20%; 22% on the next 20% ; 27% on the last 40%. Banks, insurance companies, corporations under contract to pay no dividends and corporations under contract to repay indebtedness out of current revenue will be exempt from this undistributed profits...
...Frieda Lawrence, who were exciting but impossible to live with. Once Katherine left Murry for another man with whom she thought she was in love. Murry says he was not jealous, knew she would come back. She did, but their good days together were over. Murry was exempt from conscription because of his physical condition, but he got a job at the War Office, and much of the time he and Katherine lived apart. Finally they were able to marry. Then Katherine had her first lung hemorrhage, and their gloomy reality darkened into a nightmare. Murry gave up hope...
Markets temporarily exempt from registration include ones like the Wheeling, W. Va., the Louisville, Ky. and the Reno, Nev. exchanges. On the Richmond Stock Exchange Virginians dabble in tobaccos, local utilities, Southern bank and insurance shares. The Seattle Stock Exchange is divided between mining issues and Pacific Coast industries like Jantzen Knitting (bathing suits), Carnation Co. (milk) and Alaska Pacific Salmon...
King Edward moreover has two aces in the hole. One is the King's regular Duchy of Lancaster with an income of $425,000 a year. The other is the Prince of Wales's Duchy of Cornwall, which nets some $330,000 a year. Both are exempt from the Civil List contract with the Government, pay their money directly to His Majesty's Keeper of the Privy Purse. It is from these, rather than from the Civil List, that His Majesty will draw his spending money...
...believed that the action was taken because University officials felt that the operation of a commercial enterprise should not be allowed to take place in a tax-exempt building...