Word: generously
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Dates: during 1930-1939
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Simon's Tax was announced to run retroactively from April 1, 1937 for five years. After taking $10,000 as its profit base, it provides generous exemptions in the brackets up to $60,000. Taxpayers with incomes up to that figure can deduct, in addition to their initial $10,000 exemption, one-fifth of the difference between their profits for the year...
Last month she invited the dancer, now Roberta Jonay to dance at the Press Party in the White House (TIME, June 7). Result: Miss Jonay got a job in the floor show at Washington's Shoreham. Ever-generous Mrs. Roosevelt insisted that her friend stay on under her great roof, sleeping in the Rose Room, taking her meals with the family, traveling out Connecticut Ave. every evening in a White House limousine to do her 15-minute turn at the Shoreham. Last week Roberta Jonay, bound for Broadway, was as morally certain of landing a good...
...permission to offer its own preferred stock in exchange for Steam preferred. There seemed no reason why the plan would not be approved. But the Public Service Commission, in a report dated last month but not released until last week, held that Consolidated's offer was far too generous. Among other criticisms the Commission pointed out that until last year Steam allowed only 1% annually for depreciation, an amount "entirely inadequate, with the result that past earnings have been overstated." What course Consolidated would now take, Consolidated did not reveal. Meantime the Stock Exchange launched an investigation to find...
...Alexander Grant died last month. His will was probated last week. Under its terms Ramsay MacDonald will receive for the rest of his life the income from $200,000, about $7,500 a year. To Ramsay MacDonald this windfall is happily not so all-important financially as loyal, generous Sir Alexander had thought it would be. By an act of Parliament, passed after the will was made, Mr. MacDonald is entitled to a pension of $10,000 a year as a onetime Prime Minister. Moreover, because fortnight ago he decided to stay in the House of Commons rather than accept...
...twelve years of operation the Fund has enrolled nearly 19,000 contributors, and a total well in excess of one and one-half million dollars. The total subscription so far for the 1937 Fund is $90,164. Generous individual gifts are not asked, but the Fund is anxious chiefly to enroll as large a number of donors as possible...