Word: refundable
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Dates: during 1960-1969
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While filling out his own federal tax return before he turned to the job of supervising the scrutiny of 67 million others, Internal Revenue Commissioner Sheldon S. Cohen had a happy experience. Sheldon Cohen, tax collector, it turned out, owed Sheldon Cohen, tax payer, a $43 refund. Under the rates introduced last year, Collector Cohen will also owe rebates to many another tax payer this year, and the thought makes Government economists almost rapturous. They figure that all the returned money will help start the U.S. consumer spending again, and thereby get the economy out of its present stall...
Competition will not alter the Charter Flights' present financial status, since they are a non-profit organization, charging only for administrative fees. This year Charter Flights will refund an average of six to eight dollars to passengers who travelled on "profitable" flights last summer...
Harvard will refund money to students who were left out in the cold at the beginning of this term because of the shortage of University housing...
Comptroller Carl W. Janke said the University will probably make the refund by either cash or check, as soon as paper work is completed. Janke has requested that House secretaries submit to him the names of floaters eligible for the refund...
This is the first time Harvard has returned any part of its room charge. Although there has always been some overcrowding during the first few weeks of school, never before have there been enough students inconvenienced to warrant a refund, Watson said...