Word: tax-exempt
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...knickknack-littered desk, he announced to newshawks that he had been making a personal study of the tax returns of 58 people who in 1932 had incomes of $1,000,000 or more per year. These, he declared with a broad grin and an obvious dig at William Randolph Hearst, whose newspapers had taken to calling the tax bill a "soak the thrifty" measure, were 58 of "the thriftiest people in the U. S." By buying tax-exempt Federal, State and Municipal securities they had managed to avoid paying any taxes whatever on 37% of their income...
Since Frenchmen know that thrifty President Franklin Delano Roosevelt has a fat little fortune, they would approve if in marrying off an only daughter he dowered her with 20% of it in tax-exempt bonds. Such was the ratio observed last week by shrewd, earthy, peasant-born Premier Pierre Laval when, like equally plebeian Premier Benito Mussolini, he prepared to marry off his José to a count...
...amendment to the Constitution to put an end to the issuance of tax-exempt securities...
...surprising that in a prolonged depression like the present there should be a revival of talk concerning the financial burden imposed upon the city of Cambridge by the presence of educational institutions with large amounts of tax-exempt property. The proposal that Harvard and M.I.T professors should contribute one-tenth of their salaries towards the cost of city government in lion of taxes upon the property of those institutions was perhaps suggested by the "voluntary" contributions already collected from Cambridge public school-teachers and other city employees. Such a proposal, however, in turn evokes other suggestions. One is that...
...tools of socialization, inheritance and income taxes would be boosted sky-high to break up private fortunes, reduce personal profits, abolish unearned income. Tax-exempt securities would be closed as a refuge for the rich...