Word: one-fourth
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What does it come to? Several economists recently estimated that if Henry's family is in the $3,500-a-year class, Henry coughs up in the form of state and federal taxes, seen and unseen, about $908 a year, or a little over one-fourth of what he makes. In other words, for 13½ weeks of the year, every morning when the alarm clock rings, Henry sighs, gets up, and goes to work just to earn enough money to pay his taxes...
...Over one-fourth of this year's seniors do not have definite occupational plans yet, the survey shows. Law, medicina and manufacturing and production are the most popular choices for those who are fairly sure of their future careers. The placement office found, however, "that most men change their plans at least once before they settle on a course of action...
...when the U.S. Navy used forklift trucks to perform prodigious feats of loading & unloading battle cargo, that U.S. industry woke up to the fact that it had been squandering its manpower by doing most of its lifting by hand. It was paying $9 billion a year, roughly one-fourth of the total U.S. factory payroll, just to pick things up and set them down...
...General Motors Corp.'s net earnings during 1950 were $834 million, 27% more than last year and the highest profit ever reported by any corporation in the world. (G.M. also announced last week that it is now working on more than $3 billion worth of defense orders-nearly one-fourth of the dollar volume of work the Government gave it during all of World War II.') ¶Westinghouse Electric Corp.'s sales went over the one billion mark for the first time (to $1,019,923,051). Net income of $77,922,944 ($5.36 a common share...
...light of day." But the New York Times laid its editorial finger on the most glaring inequity of E.P.T. President Truman had asked for the tax to "recapture excess profits made since the start" of the Korean war. But Snyder's proposal, the Times pointed out, regards one-fourth of pre-Korean profits as "excessive." Snapped the Times: "This should not be called a war profits tax at all, but a tax on the housing, auto and television boom...