Word: tax-exempt
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...feared. Working together, the union, a citizens' committee and Little had managed to save 1,200 of the jobs. But that did not quiet Tobey. As a one-man senatorial committee, he went after Little where he looked the most vulnerable. He attacked the bewildering hodgepodge of tax-exempt foundations and charitable trusts which hold title to most of the property in Little's $60-million textile empire...
...Taxes should be cut promptly. Incentive capital should be encouraged by permitting everyone to keep at least 50% of his income. At the same time, a 1½% service charge should be levied on big fortunes "embalmed in bank deposits" or in tax-exempt bonds...
...last month, according to the dope, it had earned $6.3 million profit, and expected to earn another $12 million in the last quarter. Furthermore, because of the 1946 losses, up to $19.3 million of this profit would be tax-exempt under the carry-forward provision...
...street (and many an intellectual) has never heard of Lie. In Paris, an unusually well-informed headwaiter exclaimed: "Ah out, isn't he that Swede who presides over U.N., makes $20,000 a year and pays no income tax? Quel veinard (what a lucky guy), I'd like to be tax-exempt myself...
...letter from an Internal Revenue employe which began, in effect: "Now, about that $180 tax. ..." Mrs. Washburn appealed to the U.S. tax court. Last week, nearly five years after she had spent the money, the court agreed that Mrs. Washburn was $180 better off for not particularly liking radio. Because she was not listening to the Pot o' Gold program, she was obviously not participating in the show. Therefore, said the Court, the $900 was clearly not a prize, but a tax-exempt gift...