Word: exempts
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...equal weight on virtually all British firms with annual net profits of more than $10,000 per year. It is a supertax. Its intent is to raise the existing average 25% income tax on British firms to 29% in the case of partnerships, 30% in the case of corporations. Exempt from such super-taxing for Rearmament are to be salaried employes, doctors, lawyers, accountants and professional people generally-very few of whom in Britain earn as much as $10,000 per year...
...membership, it was "inadvisable" to admit them because the Association had been founded when there were no women lawyers and it could not have been intended for them. During 45 minutes of debate on the subject last week it was pointed out that the Association might lose its tax-exempt privileges as an educational institution if the exclusion of women continued...
...gallon. On top of that there is a Federal tax of 1? per gallon, making a total direct tax on gasoline sold in Hancock County of 10? or about 100% of its wholesale price. To add insult to injury Mississippi imposes a State sales tax which does not exempt the already heavily taxed gasoline, as is the practice in almost all the States having sales taxes...
...churches own about $4,000,000,000 of the $19,000,000,000 of U. S. tax-exempt property. In every State, either constitutionally or by statute, exemption is granted on property used for religious purposes; in many States church property of all kinds is exempt. Among liberals, this exemption, in effect a subsidy, is an abhorrent reminder of oldtime domination of the State by the Church. Nevertheless, the movement toward taxing churches has made little headway. In fact, the trend ran in the other direction last Nov. 3, when the voters of Colorado amended the State Constitution to permit...
...Ambassadors and Ministers are exempt from the new marriage regulation. All other U. S. foreign servants desiring to marry aliens must henceforth ask permission of the Secretary of State, accompany such application with their proffered resignations. Anyone who marries an alien without the Secretary's permission will be dismissed for insubordination. No person already married to an alien will be permitted to take foreign service entrance examinations...