Word: taxed
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Dates: during 1940-1949
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...contributions to churches and charities take an unexpected spurt, said Manhattan's Golden Rule Foundation this week, U.S. giving in 1948 will stand at an alltime low-only 1% of the national income. During the depressed '30s, said the foundation (which bases its reports on income-tax deductions), contributions averaged about...
...fields of programming-better than in the U.S. With only one TV station and some 85,000 sets, Britain is momentarily hamstrung by a shortage of the special glass needed for cathode tubes. British TV carries no advertisements and is dependent for revenue on government subsidies and an annual tax of ?2 on each set owner. Among the programs scheduled are Ascot races, plays such as King Lear (which ran over three hours and was given in two sections on consecutive evenings), symphonies, soccer football games and movies. In British pubs, Britons still prefer darts...
...Mahoney was not convinced. He thought the hearings were merely staged so businessmen could "rationalize why taxes shouldn't be increased." He was in favor of an excess profits tax, and he has a good chance to head the Joint Committee on the Economic Report in the next Congress, a strategic spot from which to push such a tax...
...breeders' woes were echoed by fur retailers. In a season when fur sales should be booming, business was so slow that retail prices were being cut as much as 50%. One big reason for buyer resistance was the 20% federal tax...
Everyone knows that business profits are high. Are they too high? To this short, explosive question, a Senate subcommittee, weighing the pros & cons of an excess profits tax, last week got some long-winded and contradictory answers...