Word: profitable
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Dates: during 1940-1949
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...Excess Profit. In Portland, Ore., City Commissioner Kenneth Cooper bemoaned the nickel bonus added to his $5,000 salary, complained that it boosted him into a higher income-tax bracket...
...Nationalists retorted that the Communists intended to seize the fund for their party treasury, paying the displaced peasants in depreciated Communist currency and using the profit to buy arms. But the Nanking Government was so anxious to keep the Yellow River project alive that it offered to send a $5 billion down payment by UNRRA courier...
...went right on building shopping centers, erecting housing units around them. During the depression less than 1% of Corrigan's properties were vacant: his low-rent policy kept them filled. Says he: "I spread 'em around, that's the answer. Rather than make a big profit out of one building, I get a little profit out of one building...
...share. As the stock has since been split, 4-for-1, Greenburg could buy 80,000 shares at $1.75 a share. The market value of the stock last week was $7.50. Harry Greenburg could simply sell the 80,000 shares for $600,000 and take his profit...
...warrants were bought before the U.S. Supreme Court had .ruled (in 1945) that the profits on such stock warrants or options were taxable as income, so Greenburg would have to pay only a 25% capital-gains tax. (He had a letter from the Commissioner of Internal Revenue affirming this.) That would net him a profit of $450,000 after taxes...