Word: taxes
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Dates: during 1940-1949
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...Thanks to federal tax credits, the company was still able to show a small profit...
Holidays for Shut-Ins. The House seemed as muscle-bound as the Senate. In its major spurt of activity it passed and sent to the Senate a bill to continue sugar controls until next November. Then it slumped back to await consideration of the long overdue tax bill, modified in committee by the G.O.P. leadership. The 20% across-the-board reduction was flattened out; the proposed cuts now range from 30% for net incomes less than $1,000 to 10½% for those over...
...laws, including the white-primary bill, which Hummon had got the legislature to pass. When it was rumored that M. E. might veto the white-primary bill, the word got to the legislature. At week's end, the legislators quietly adjourned the session without passing the 3% sales-tax bill that would pay for M. E.'s road, hospital, education and old-age benefit program. A new legislature would not convene until after the general election...
...waterfront didn't know quite what to make of all this heavenly refurbishing. Brother True Knowledge refused to accept pay checks made out to Charley Ross. He signed True Knowledge on his union card, income-tax returns and his waterfront pass, but refused to have his name legally changed, on the ground that he had not existed before his rebirth. But since longshoremen were badly needed during the war years. True Knowledge went on working despite the cries of pay clerks, wharf guards and union officials...
...reason for this strange state of affairs is that the empty Copacabana apartments, like many others in the great modern buildings that line Rio's beaches and stalk its hillsides (TIME, Feb. 25, 1946), are owned by speculators who have no intention of becoming landlords. Tax laws are on the side of the speculator. The only real-estate tax an owner pays is 10% on rental value, established after an apartment is completed-and a stepladder in an entrance hall is evidence enough that the building is not yet done...