Word: netted
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...knock out the sales tax, it was part of the coalition's strategy to substitute heavier levies elsewhere in the bill. The bill already raised the normal tax on net incomes (after deduction) of $8,000 or more from the present 5% to 6%. The House voted (121-to-81) to boost this levy to 7%. Where the bill upped the maximum surtax from 20% to 40% on over $100,000, the House voted (153-to-87) to invoke again the Wartime scale of surtaxes, boosting the rate beyond the $100,000 mark to a maximum levy...
...numbered year since 1925, he last week made one of his business-&-tennis visits to Manhattan. In the quarter-final he came up against Berkeley Bell of Texas. Before Borotra could find out exactly how Bell contrived to pass him almost every time he tried to come to the net, Bell had the match...
...Net Income Tax under 1928 Act Tax Proposed...
...drop was accompanied by rumors regarding the whole Kreuger group's solvency. While its earnings have held up (Kreuger & Toll reported $33,000,000 net in 1930) it has been hurt by fluctuations in foreign exchange and the weakening credit position of countries whose bonds it holds. Ivar Kreuger is believed to have borrowed from bankers. Last September Kreuger & Toll had a floating debt of only $50,000,000. The sum was thought to be much higher last week. Much of the selling was from Europe. Kreuger & Toll has 11,000,000 participating debentures outstanding, of which...
...stone for dams, breakwaters and railroad embankments. Yet because the building industry was deflated long before the current Depression, Indiana Limestone has had difficulty in making both ends meet. In its 1928 fiscal year it made $430,000. In 1929 its profit dwindled to $10,000. Last year its net loss...