Word: taxed
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Dates: during 1930-1939
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...purposes of economy and efficiency, the President could coordinate, reorganize or segregate any of the 100-odd Government agencies which he found superfluous, badly integrated or overlapping. This did not include quasi-judicial bodies like the Board of Tax Appeals, Federal Trade Commission, National Labor Relations Board, as the Brownlow Committee had originally suggested. Though he could reshuffle agencies, the President could not create any new ones unless they were to serve functions already authorized by Congress. Changes could be voted down by Congress within a 60-day limit, but if Congress disapproved, a Presidential veto of the disapproval could...
Died. John Wing Prentiss, 62, investment banker, one of the senior partners of Hornblower & Weeks; of heart disease; in Manhattan. Influential in much automobile financing (Dodge, General Motors, Hudson), he told the Board of Tax Appeals in 1927 that he had thrice offered Henry Ford $1,000,000,000 for Ford Motors. He died the day after the New York Stock Exchange adopted its new constitution, which he helped draft...
From Philip Nicholas, drafter of the much debated Sales Tax now before the Massachusetts House, came strong opposition to Representative Foley's proposed service charge on University property in the Phillips Brooks House last night...
Lady Luck, the Federal income tax, and the Irish Hospitals Sweepstakes did not combine in astronomical figures for any member of the University who was doing his bit for charity, but five persons under the name of "The Harvard Syndicate" are each $100 richer today...
According to Statistics of Income for 1934, 404,610 corporations, 98% of those filing income tax returns, had assets of less than $5,000,000 and 386,000 had assets of less than $1,000,000. Between July 1933 and September 1936 SEC received 483 security registration statements from small companies. Their total requirements amounted to $273,000,000, an average of $565,000 apiece. In only one in four cases was more than 50% of the amount registered actually sold. In 163 cases no securities were sold at all. It seemed apparent to Mr. Vass that small business...