Word: refundability
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...This list included by no means all mistakes made in tax payments for 1927 and before. The Treasury Department's refund list is an annual publication. Last year, 287,000 persons and corporations received $174,120,177. Each year's list is compiled from audits by the Revenue Bureau and from decisions of the courts or the Federal Board of Tax Appeals...
...This refund represents ten per-cent on all cash purchases and eight per-cent on charge accounts of the 8600 members of the Society-last year. The total amount, which is $8,000 more than last year's dividends, will be distributed beginning at 9 o'clock this morning, upon presentation of a 1926-27 membership ticket or this year's bursar's card...
...Passed an amendment to the Deficiency Bill (for refunds of improperly collected taxes) prohibiting any payment of tax refund in excess of $50,000 without the O. K. of the Comptroller General. The point: to make it harder for "the rich" to get refunds, as Comptroller General McCarl is notoriously swamped with work...
Long Talk. By mid-January long distance telephone service will be in commission between Manhattan and London (3,500 miles) over a combination of land lines and wireless waves. The cost will be $25 a minute, with a refund in case static blurs the conversation. Since transatlantic cable rates are 22c a word, this means that the person who can distinctly speak more than 115 words a minute will save money by the new way. But he must talk with a low, steady tone, else his voice will be blurred when carried across the chain of hair-adjusted transmitting machines...
Heard that the Republican members of the Ways and Means Committee had unanimously voted against the acceptance of the Administration's tax refund proposal and had rejected the Democratic plan for a permanent tax reduction...