Word: nettings
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Dates: during 1950-1959
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Wouldn't it be nice if we unfortunate proletarians could take advantage of a tax bonanza such as is enjoyed by millionaire oilmen, i.e., a "depletion allowance which permits them to pocket 27½% of their gross income (up to 50% of their net) before paying a cent of taxes," so that we could live comfortably and, still have something left. But, alas! Someone has to pay those taxes...
Outside Texas, it is generally considered to be in bad taste to make boastful comparisons of personal wealth, but there are other American fortunes that would undoubtedly be greater on an actual net basis than any amount as yet amassed by any individual in Texas. The owners of these fortunes learned long ago that it was wiser to keep the news of their prosperity to themselves...
GENERAL FOODS chalked up its best record in history for the fiscal year ended March 31, 1954: net sales of $783 million and profits of $27.9 million, a 12% gain over...
DEPLETION ALLOWANCE, which allows oilmen to put away 27½% of their gross oil and gas income tax-free (up to 50% of their net), will be continued as is. The Senate Finance Committee voted down a plan to chop the allowance...
...Half Net Enlisting...