Word: exemption
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Dates: during 1930-1939
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...present high surtax (up to 75% on $5,000,000) on upper-bracket personal incomes. Coupled with this was a plea to stop issuing tax-exempt securities.* Thus very rich citizens might be influenced to take normal business risks instead of buying Government bonds...
...report recognizes the fact that the English department teaches competition and that students exempt from English A are expected to write clear prose, but the Committee recommends that "every other department should insist that ideas be clearly and correctly expressed before they are accepted are evidence that the student possesses an adequate grasp of the subject...
...statement Mayor Lyons declared that President Conant's communication could be accepted as nothing less than a flat refusal of the request of the City of Cambridge for an annual contribution of $100,000 in place of taxes on tax-exempt property...
...mayor explained that the $100,000 figure was arrived at only after careful consideration by the committee, "having taken the proportion of the total budgets of the fire and police departments, and the valuation of exempt real estate owned by Harvard bears to the total value of real estate in the city...
...even formally discussed, but from the House last week Business received one pleasant surprise. The Ways & Means Committee, preparing to carry out the Treasury's recommended revision of the Security laws, voted not only to freeze the old age insurance tax at 1% until 1943 but also to exempt from payroll taxes (unemployment insurance) all pay over $3,000 a year to any employe. Further, the Committee recommended that States with "adequate" unemployment insurance reserves be allowed to reduce payroll taxes for employers with "favorable" records...