Word: exemptible
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...Exempt...
According to Wisconsin State Law, "property transfered to corporations of this state organized solely for religious, humane, charitable, or educational purposes which shall use said property exclusively for such purposes 'within the state' shall be exempt from the inheritance taxes." This means that Harvard would not come under the usual tax-exempt category. Another clause, however, stipulates that taxes on bequests should not exceed 15% of the amount given to any one beneficiary, leaving approximately $2,000,000 which will eventually be realized by the University. Federal taxation will not effect Mrs. Nieman's grant because of its educational...
...Railroads are exempt from Social Security taxation because of their own pension plan, which is now in the courts...
...price demanded. For this reason the denunciation of private tutoring by the University and the substitution of college-run reviews would probably fail to approach the standards set under the present system. Monopoly has a tendency to deteriorate and there is no reason to expect the University to be exempt from this law. Therefore, the ideal would seem to be a set standard for tutoring, approved by the several faculties and rigidly adhered to by the tutoring bureaus. In this way the danger of unscrupulous or devious methods of obtaining a degree might be minimized and the tutoring schools might...
...which would automatically have raised the wages of proletarian factory workers and other small-salaried employees on a sliding scale in exactly the proportion that French living costs rose-as they are sure to rise-in terms of the devalued or "Blum franc." This attempt by the Communists to exempt the proletariat, in which they have their main following, from the sacrifices other French classes are being asked to bear, brought down on Premier Blum the greatest outburst of Parliamentary wrath in months. Representatives of other classes showed not the least embarrassment in rebuking the presumptuous proletariat, and cheers greeted...