Word: netted
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These figures however do not show the real cost of running the Government on a post-Recovery basis because they include large Relief expenditures. Eliminating Relief costs, charging the Government with only the net cost of Social Security (see below) and allowing for no debt retirement, the expenses of the Government for fiscal 1938 come to about...
...revenue, however, $775,000,000 will be raised by Social Security taxes. Subtracting this sum the Government's net income for the post-Recovery era will be $6,519,000,000 compared to a typical $4,000,000,000 in pre-Depression times. This increase of 62% is not due to customs collections which remain below pre-Depression levels. As Depression brought new functions of government it also brought new taxes. Biggest of them are liquor taxes, $644,000,000; manufacturers' excises $449,000,000; miscellaneous nuisance taxes, $83,000,000. But the biggest increase expected...
...Social Security Plan is virtually a separate business, like the Post Office. In the budget the revenues of the Post Office do not appear, and of its expenditures only $30,000,000, its net deficit. On the same basis Social Security taxes are not really Government revenues, and the only real Social Security expense is the system's net deficit, $61,174,000 for 1938. However there is one big difference between selling annuities and letter-carrying: Social Security payments will be far smaller than its tax collections for many years. In 1938 collections will exceed actual payments...
...crux of the matter is that the normal undergraduate is lazy and if, for one reason or another, he can afford to let the tutoring school do his work for him, he probably will. As long as the net educational result is the same in either case, he should by all means be allowed this opportunity. Most of those utilizing the schools are probably not affected one way or the other, but a certain percentage of the college is entirely dependent on them. These men fail to take advantage of the opportunities offered them and abuse the freedom which should...
Approximately five hundred Freshmen are caught annually in the net of English A. Aside from its questionable merits, the fact that it does not count towards a degree makes it a distasteful dose of medicine. The hope is held out that if a student gets an A at mid-years, he may drop the subject. The small number of students, about 12 a year, that can obtain this exemption indicates the severity of the requirement, which should be lowered to a full...