Word: netted
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Then and there, politics being what it is, a change in the U. S. tax laws became inevitable. The public was in no mood to see anyone as rich as Mr. Morgan escape paying income taxes, even in years when he had no net income. Into the Recovery Act a few days later were hastily jammed provisions limiting the tax deductions a man might take because of capital losses...
...Instead of the present graduated normal tax of 4% up to $4,000 and 8% thereafter, one flat 4% normal tax. To compensate for this reduction surtaxes would be upped approximately 4% throughout the scale. Result: to increase by 4% the tax on income from dividends. Persons with net incomes up to $6,000 would pay exactly the same tax as under the present law. Personal exemptions, which now can be deducted only in figuring normal taxes, would also be applied to surtaxes. Thus on incomes of over $6,000 married men would pay slightly less, single men slightly more...
...personal holding companies on undistributed net income. At present such companies must pay only the corporate income tax of 13¾% and their owners do not have to pay personal income tax in addition except on such amounts as they actually declare to themselves in dividends...
...decision in regard to the aspect of Ulysses now under consideration I checked my impressions with two friends. . . . I was interested to find that they both agreed with my opinion: that reading Ulysses in its entirety . . . did not tend to excite sexual impulses or lustful thoughts but that its net effect on them was only that of a somewhat tragic and very powerful commentary on the inner lives of men and women...
Coach Stubbs used his goalies at the rate of one a period, and judging from the calibre of the work in this department, he has nothing to worry about. Captain deGive started out in the net, turning in an errorless record. He was replaced by Mittell in the second stanza, and the latter gave way in the last to Ashton Emerson '36, who warded off more rubber than the other two put together. The summary: HARVARD M.I.T. Hasler, Kirkland, Duffey, l.w. l.w., Williams, Notman, Thompson Beale, Dewey, Callaway, c. c., Daley, Healey Holmes, Hallowell, Lincoln, r.w. r.w., Goodwin, Mayo Gleason...