Word: flatly
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Dates: during 1930-1939
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Normal Tax. Personal exemptions of $1,000 for single persons, $2,500 for married couples, $400 for dependents (no change). Normal tax: 4% flat (old law: 4% on the first $4,000 and 8% on larger amounts). This deduction in the normal tax is, however, offset...
...income, with 100% of the gain or loss counting if the asset is held less than one year, 80% if held one to two years, 60% if held two to five years, 40% if held five to ten years, 30% if held over ten years. (Old law: a flat 12% tax on gains.) Capital losses are deductible from capital gains and not more than $2,000 additional from ordinary income. (Old law: no deductions except from capital gains.) Increased revenue...
Corporate Incomes are taxed a flat 31% (no change) but consolidated returns whereby the losses of one subsidiary offset the profits of another will not be permitted except to railroads. Increased revenue...
...there. There may well have been more. No calculation is possible. Did anybody at home ever see 2,000,000 people gathered in one place? It is a stupendous sight. Imagine a great oblong field almost as large as Central Park in New York, but perfectly flat and treeless except for one lone oak. "At the upper end. in three groups of three each were 150 ft. flat frames of bunting ingeniously perforated against the wind force-the national flag in the centre flanked on each side by a swastika banner. In front of these, beside the parade...
...Instructor James H. Glasgow, University of Chicago graduate student, he stared at the stuff, decided it was white coral, sent it to university geologists who confirmed his opinion. Divers were sent to survey Lake Michigan's coral reef. It parallels the shore for 1,500 ft., is flat on top, evidently shaved off by Pleistocene glaciers. Mr. Glasgow ascribed it to the Silurian period-400,000,000 years ago. At that time the U. S. Midwest was covered by a broad bay of the ocean reaching up from what is now Central America, as numberless marine fossils found...