Word: taxed
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Dates: during 1950-1959
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...appearing in Bridge on the River Kwai, William Holden agreed to 10% of the gross, but for tax reasons wanted it paid to him at the rate of only $50,000 a year. The picture has already made so much money (between $20 and $30 million) that Holden's share now stands at between $2,000,000 and $3,000,000. Not only will it take 40-year-old Holden at least 40 years to get the last of his money, but Columbia can in the meantime invest it and make well over $50,000 a year, thus...
Governor Furcolo's budget calling for a three per cent state sales tax is "ill-considered and a garish violation of the first plank of the Democratic party platform," Arnold M. Soloway, assistant professor of Economics, declared yesterday...
Soloway defended a revised state tax program that he prepared two years ago for the state Americans for Democratic Action, of which he is vice-president. The ADA is promoting Soloway's program again this year as a means of increasing tax revenue...
Both Soloway and the ADA drew heavy criticism from a prominent union official yesterday, regarding their influence upon labor policy, after the State Labor Council also came out against Furcolo's tax program...
...four point program set forth by Soloway suggests eliminating deductions for federal tax payments. It also recommends lowering personal exemptions, taxing rental incomes, and improving collection procedures...