Word: nonexempt
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Dates: during 1950-1959
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...bend. It ruled that the C. F. Mueller Co. (as reorganized for N.Y.U.'s benefit) was not exempt from paying federal corporation income taxes, owed Uncle Sam $136,438.62 for a four-month period in 1947. Said the court: such an exemption could have "a vicious effect upon nonexempt competitors." Said the Mueller Co.: it would appeal to a higher court...
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