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Word: pretax (lookup in dictionary) (lookup stats)
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...high executives) because they can offer employees free skiing and sometimes free room and board. Still, they have payrolls the size of small telephone books-and for every job there are ten eager applicants, many of them temporary college dropouts looking for a fling on the slopes. The average pretax profit margin for the nation's ski areas last year was about 4% on revenues, or less than their owners would enjoy if they put their money in savings accounts...

Author: /time Magazine | Title: Skiing:The New Lure of a Supersport | 12/25/1972 | See Source »

...manager of each was made responsible for its success. The profitable liquor distributorships were taken from Canada Dry and put under a new company, Somerset Importers, Ltd. Mahoney sold off most of the uneconomical bottling plants to franchisers; turning around from a loss four years ago, Canada Dry had pretax profits of more than $9,000,000 in fiscal...

Author: /time Magazine | Title: EXECUTIVES: Mahoney's New Line | 12/18/1972 | See Source »

...terms, the consensus prediction works out to about a 9.5% G.N.P. rise, of which 5.8% to 6.2% will consist of real growth of production rather than merely price boosts. This should lead to more money-in pay, profits, sales, commissions-for nearly everyone. Grove projects a 13% gain in pretax profits next year; Eckstein says 16% after taxes...

Author: /time Magazine | Title: TIME'S BOARD OF ECONOMISTS: Forecast: Even Better in '73 | 10/2/1972 | See Source »

...Puzo. Thanks to fine scripting, directing and acting, the picture stunned both critics and commoners (TIME, March 13). Only eight weeks after release, it has grossed nearly $50 million.* By the end of G. & W.'s fiscal year in July, The Godfather is expected to show a pretax profit of $10 million. According to industry experts, the movie may eventually earn $80 million in profits for G. & W. At the same time, G. & W. has another smash, Love Story, that will bring in an additional $16 million this fiscal year. Other promising films are in the works: a sequel...

Author: /time Magazine | Title: CONGLOMERATES: Godfatfier's Godfather | 5/15/1972 | See Source »

...fact, for each of the past three years, ITT's total paid and deferred taxes in the U.S. and Canada came to 20% to 25% of its pretax profits, or about half of the official 48% tax rate on U.S. corporate incomes. Like individual taxpayers, corporations can effectively reduce the official rate by using certain benefits on their tax bill; these include capital gains, which are taxed at a preferential rate, and investment credits, which an expansionist firm like ITT would be certain to use to the fullest...

Author: /time Magazine | Title: TAXES: ITT'S Small Contribution | 4/17/1972 | See Source »

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