Word: group-in
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Dates: during 1938-1938
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...first basket all corporations earning $25,000 or less were exempted entirely from the undistributed profits tax. The second basket placed a trifling undistributed profits tax (maximum: 4%) on all other corporations- with certain exceptions. One exception was closely-held corporations making more than $75,000. For this group-in the third basket-the surtax and income tax together would work out in most cases at less than the highest effective rate at present: 32.4%. But the third basket would catch relatively few corporations...
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