Word: grosse
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Dates: during 1950-1959
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...gold for Wolfson. He and a group of friends bought control of Washington's Capital Transit for $20 a share, have since paid themselves about $30 a share in dividends, much of it from an accumulated surplus. By going after contracts aggressively, Wolfson boosted Merritt-Chapman's gross from $33 million in 1948 to $70 million in 1953. Dividends have gone up even faster, from an average of 51? a share in the four years before Wolfson took over to an average of $1.73 in the four years since. Two stock dividends of 40% and 25% were declared...
Last week the syndicate of amateur prospectors closed a deal, sold out to Australasian Oil Exploration, Ltd. for a reported $562,500 in cash, plus a 20% interest in a new company formed to mine the area, and 5% of the gross proceeds...
West Germany's gross national product has risen phenomenally, from $21 billion in 1950 to an estimated $34 billion today. Profits are high, and many a businessman has made a postwar fortune. But while German output rose 50% in four years, wages have risen only 21%. German trade unions had been persuaded to accept thin pay packets as their contribution to the Fatherland's recovery, having been told that wages had to be kept low in order to regain the export markets. In addition, unemployment, fed by ten million refugees from Communism, made a man think twice before...
HEALTH & CHARITY. Taxpayers may deduct medical expenses in excess of 3% of gross income. The old figure was 5%. A new limitation imposed by the bill is that expenditures for medicines and drugs may be counted as medical expense only to the extent that they exceed 1% of gross income. The tax bill also raises the maximum medical deduction to $2,500 per person and the maximum for any single tax return to $10,000 for married taxpayers or heads of households and $5,000 for single taxpayers or spouses filing separately. The old maximums were $1,250 a person...
...worth of goods a year directly outside his state (v. $500,000 previously), or 2) buy $2,000,000 indirectly (v. $1,000,000), or 3) ship $100,000 worth outside the state (v. $25,000). Companies in some categories are excluded completely if their yearly gross revenues do not reach a certain level (e.g., $500,000 for a newspaper...