Word: profitable
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Under the present law's profit & loss provision a taxpayer who lost capital assets in stock or real estate transactions could deduct them from his taxable in come. The House plugged up this escape when it provided that a taxpayer could not deduct losses in excess of his profits within the same year. Example : a speculator loses $90,000 on one stock and gains $10,000 on another. This year he could trim $80,000 loss from his tax return; next year he can trim only $10,000. If his profits are nil, his deductions are nil. The Treasury estimates...
There are two major tragedies possible in this Lindbergh kidnapping?one likely, the other almost certain. The first is that it appears quite possible the baby will be permanently lost to the parents. The second and more certain tragedy is that the country is likely to profit little by the experience. The rank sentimental sensationalism of the press apparently leads only toward more drastic penal legislation. The forces of the law apparently cannot catch and convict under present laws. Of what benefit, therefore, would more drastic laws be? If the press would like to crusade on the problem...
...back on the Golden Calf of Hollywood a need to "help her technique." Miss Owen is not alone among oldtime film folk, some definitely shelved by film producers, who have gone to Broadway this year to help their techniques and, as Baseball Manager "Gabby" Street would say, for the profit, too. Some of the renegades have done better than others. Miss Pauline Starke's frightening Zombie was shortlived on Broadway (but is currently a fair success in Chicago). Miss Raquel Torres did not get a great deal of stage experience out of her brief connection with Adam...
...little doubt that his Greenwich venture will succeed. He well remembers his early success in penetrating a residential district. In 1903 he opened a store at Fifth Avenue & 37th Street, next to a Presbyterian church. First year it lost $40,000, second year $28,000. Third year the net profit was $84,000. Success was chiefly due to women's clothes imported from France. Franklin Simon, son of a cigarmaker, had learned the clothing business from Stern Brothers. On buying trips abroad he had been impressed by French styles. Until 1914 he was in partnership with a Frenchman named Herman...
...Building to a broad-framed young man with a grin and a pipe. It was not surprising that the name of the president-elect, La Motte Turck Cohu, should be better known in Wall Street than in airway operations. Avco, which has yet to show black ink on a profit & loss statement, is of prime concern to the bankers who underwrote its $40,000,000 financing and who own a large part of its shares...