Word: grosse
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Dates: during 1950-1959
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...stuck when they spend $25 or more for a pair of shoes that will last only a few months, it is not easy for manufacturers to get rich on the deal. I. Miller, one of the leading makers of expensive women's shoes, makes a mere 4% gross profit on its sales-far less than super-efficient General Motors makes on autos...
...most outstandingly decrepit item is the French tax system. Frenchmen pay taxes (33% of their gross national product, compared with 27% in the U.S.), but the tax load falls unfairly on consumers. An industrial worker with two children, earning $1.000 a year, pays 15% income tax (in the U.S. he would pay nothing). On the other hand, two million French farm families, one-third of the population, pay next to nothing. Politicians dare not anger them. Farm income is calculated on the basis of land values last assessed in 1908. Since then, prices have jumped 170 times...
...gross national product, total of all goods and services, reached a record annual rate of $372.4 billion for the second quarter, up $9.6 billion from the first quarter. Spending for personal consumption also rose, from $227.7 billion to $230.4 billion...
...Government also can help. Tax law revisions, allowing greater flexibility in writing off wear & tear, would encourage the installation of new equipment. An increase in the annual depletion allowance, now only 10% of the annual gross, would put coal on a more even footing with the oilmen, who are allowed...
...about one-third. But the truckers do not come off as well when an axle-weight or weight-distance figure, better measures of highway wear & tear, are used. A New York tax organization estimates that on an average, the man who drives a four-door Plymouth with a gross weight of 3,450 Ibs. pays 34.64? worth of gas taxes and fees to move his car over 100 miles of open road. Yet the owner of a truck with a gross weight of 60,000 Ibs. pays only 12.49? to move his truck the same distance, while doing far more...