Word: taxing
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Dates: during 1960-1969
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...from 22 to 24, are on call twelve hours a day, and split their earnings with Landlady Richards. "When business is slow," says one girl, "we read a lot. Sometimes we play Scrabble. Every day Beverly leads us in calisthenics." But business is rarely slow, according to federal tax agents, who monitor the books. "It's a real challenge for our agents," says J. C. Muyres, Internal Revenue Service official in Las Vegas. "The houses are cash operations with no set prices. I don't know of any that accept credit cards...
...best movies), she learned as a researcher and Los Angeles correspondent for TIME from 1953 to 1966 to double-check her facts. She now earns nearly $50,000 from the Times and the syndicate, but claims, weepishly, that this only puts her and Husband Doug into a higher tax bracket, so "the column is really an indulgence." Still, she has just indulged herself further by signing to do another column for Motion Picture magazine for an additional $12,000 a year...
...quarter of this year, planned spending dipped by 2½ % and in some industries by as much as 10%. Gainsbrugh believes that the long boom in capital spending will level off through the year, as businessmen face up to a squeeze on profits and repeal of the 7% investment tax credit, and that by early 1970 such outlays may begin to contract. There is a rather general belief that the economy as a whole may slow down more quickly. President Nixon last week predicted that the restraining effects of the surtax extension would begin to appear "within a matter...
Debate over Morality. Nearly five years ago, Frei was elected on a moderate platform that promised to "Chileanize" the country's copper industry, then largely U.S.-owned, and double production to move it from third place to first place in the non-Communist world. His government offered tax cuts in return for production increases and a share of the ownership. Kennecott in 1967 sold Chile 51% of its El Teniente mine and promised a large expansion of operations by 1971. Chile paid the company $80 million and cut its taxes in half-down to 44% of revenues. Chile also...
...year business and provide temporary jobs for scores of students. Together, the three student unions have a fulltime payroll of 1,000, including the hotel managers, who are picked by the elected student councils. Since the wholly student-owned enterprises pay no income tax, they can reinvest heavily in new ventures, chiefly additional low-cost student housing...