Word: taxed
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Dates: during 1930-1939
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...primed with Government money. Spending theoreticians like the Federal Reserve's Marriner Eccles would have liked to see the full force of the spending concentrated on industry rather than scattered between producers and consumers and an important Eccles corollary would have been a temporary lifting of the tax burden to help business help itself (see p. 18). At any rate, Federal spending, according to Mr. Roosevelt, who "planned it that way," produced one fairly good business year, 1936. In 1938, more than 11,000,000 men are again out of work and industrial indices are once more...
When Vice President Garner, in his capacity as President of the Senate, is in a mood for quick action, his methods are direct. Last week, as the clerk read each section of the Senate Finance Committee's 371-page, $5,000,000,000 1938 Tax Bill, Mr. Garner glanced down at Committee Chairman Pat Harrison, whacked his gavel on the desk, grunted: "Without objection, amendments agreed to. . . ." Five hours after the bill came up for debate Mr. Garner turned the chair over to Indiana's Minton, with a cheery comment: "We've passed 224 pages...
Representatives Francis X. Coyne dropped a measure in the hopper which would strip Harvard of its tax exemption, the terms of the proposal providing that any educational institution which employs a known Communist or Fascist would become liable for full taxation on its real estate...
...advisory ruling declare that the new faculty man was "known by widespread repute" to hold the political faiths which guide Russia and Italy, and should the University desire to continue his employment in face of such ruling, then, under the provisions of the bill, "all exemptions from payments of taxes . . . shall cense and . . . officers shall proceed to collect taxes on real estate, heretofore tax exempt...
...studio at Roslyn, L. L, paid his life-insurance premiums. When suspicious Internal Revenue agents learned that Reynard Corp.'s only dividend was $20,000 given to President Fox to invest in Florida real estate, they began an investigation which landed Mr. Fox in the Board of Tax Appeals office in New York. Finding that Reynard Corp. had been formed to accumulate earnings instead of distributing them, and was thus liable under a 1918 statute to an additional tax of 50% of its net income, the Board ruled that for 1932, the year in question, Reynard Corp. should have...