Word: nets
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Dates: during 1940-1949
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...surtax rate, provides a 5% overall reduction of the tax besides and thus reduces total individual income-tax payments by $2,644,000,000. But the 36,000,000 citizens who will still pay taxes will still pay vastly more than before the war. The 1946 scale, computed on net income after deductions for expenses, charity, interest...
...Net Single Married Man Income Person Two Children
...railroads, whose profits have been slipping downward for three years, were hard hit. (They report monthly instead of by quarters.) Typical was Pennsylvania Railroad, with net operating income down to $7,000,000 in September v. $9,555,769 the same month last year. Down too were Chesapeake & Ohio, and Illinois Central, along with virtually all of the rest...
Nevertheless, there were bright spots. Up was Shell Union oil with a net income of $8,628.960 v. $8,030.693. Standard Brands was also up. Businessmen were still keeping their fingers crossed. But Wall Streeters guessed that out of every five companies, profits will be down for three...
...ordinary income. A producer can either 1) sell his interest as a stockholder in the corporation; or 2) dissolve the company that made the picture. An example: Independent Producer Lester Cowan, who made Story of G.I. Joe and Tomorrow the World, sold his interest as a stockholder at a net profit of $1,000,000. By paying only a 25% capital-gains tax, he pocketed $750,000 as compared to the mere $100,000 he would have had if he had paid an income...