Word: netted
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...jury: Did it not appear that Citizen Mellon had claimed a fake loss of $5,678,000 on Pittsburgh Coal Co. stock and of $402,000 on Western Public Service Co.? That his gross income was $9,213,000 and not $6,759,000 as reported? That his net income was $7,767,000 instead of $5,553,000? That he should have paid an income tax of $1,364,000 instead of $648,000? That he had "unlawfully, willfully, knowingly, feloniously and fraudulently attempted to defeat and evade an income tax upon his net income for the calendar year...
Left. By Writer Ringgold Wilmer ("Ring") Lardner: a net estate valued at $192,927.63; to his widow, Mrs. Ellis Abbott Lardner...
...predict a reversal in the major upward swing which started not with New Deal but on July 8, 1932. Yet the steel industry last week was operating at 60% of capacity-highest level since September 1930. April cigaret-production set an all-time record. American Telephone & Telegraph reported a net gain of 156,000 telephones in use for the first four months of the year against a net loss of 340,000 in the same period of last year. International Harvester reported its business for the five months through April amounted to $38,400,000 against...
Surtaxes which begin at 4% on net income (after personal exemptions) of more than $4,000 and grade up to 59% on incomes over $1,000,000. (Old law: surtaxes began at 1% on net income exceeding $6,000 and graded up to 55% on incomes over $1,000,000.) Effect of these changes is to boost taxes on income from dividends which are exempt from the normal tax but not from surtaxes. The surtax brackets are arranged to scale up more steeply so that men with incomes between $25,000 and $1,000,000 will pay more. Increased revenue...
...fortune of the man who had intimately affected the destinies of John Pierpont Morgan, James Jerome Hill, Andrew Carnegie and many a lesser light was estimated as high as $500,000,000. Last week the State Transfer Tax Bureau appraised it at $73,209,683 net as of the date of his death. But if it had all been dumped on last week's market, it would have fetched less than $53,000,000.* To get their hands on it, the Baker heirs had to pay a State and Federal estate tax of $13,000,000. George F. Baker...