Word: profitable
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Moreover, the big automobile manufacturers would have had to turn over to the Government most of the profits they might have made on the cars banned by the quota agreement. G.M., with an estimated excess-profits exemption of $180,700,000, earned $236,388,227 last year before excess-profits tax deductions. Chrysler, with an exemption of $32,500,000, earned $44,802,279 last year. Since all earnings of $500,000 or more above the exemption are already subject to a 50% excess-profits tax after paying the maximum 24% regular corporation levy may be taxed still more heavily...
Loudest protest against the price-freezing order came from Elroy J. Kulas of Otis Steel, who said the labor upping would cost his company $1,200,000, almost twice its last year's $717,000 profit. But even pro-steel sources pointed out that more than half of the wage increase, for the industry as a whole, will come out of the Government's pocket rather than out of the steel mills'. Reason: the corporation and excess-profits taxes which now take 62% of all earnings of $500,000 or more over the base exemption (and will...
...would be only $23,560,000 after allowing for tax savings; to Bethlehem (gross cost: $18,000,000), $6,840,000; to Republic (gross cost: $10,000,000), $3,800,000. Proof of how steel earnings are mounting under present capacity operations, and how big a slice the excess-profits tax is taking, was contained in Republic's first-quarter report. It showed a net profit of $8,189,967 (highest in history for a March quarter), but the Federal tax allowance was $8,025,000, or slightly more than the entire 1940 Federal tax bill...
...Army, was urged by President Roosevelt in 1939. Existing steel companies say it would cost more to make steel on the Coast than to ship it from Chicago. But Kaiser thinks his setup, with no obsolete equipment to carry and with cheap gas and power, could actually make a profit at reduced prices just as his cement plant has cleaned up on bargain rates...
...down to 400, and dwindling fast. Finances, however, were not affected, since "men who have voluntarily given up their College work have already settled their tuition bills, and there is no rebate due them." Although there has been no official statement to that effect, the University actually made a profit from the war, since officials did not use up the funds provided by the government to run the miscellaneous military bureaus...