Word: withhold
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...glowing in the face of Secretary of the Treasury Henry Morgenthau Jr. since his comparatively triumphant appearance before the Committee last fortnight (TIME, May 11). From that gentleman farmer's prepared statement, Mr. May quoted a paragraph asserting that under present law, U. S. corporations would this year withhold from stockholders more than $4,500,000,000 of income, thus depriving the Treasury of some $1,300,.000,000 which it would receive in individual income taxes if that sum were distributed as dividends. From the Committee statement of Commissioner of Internal Revenue Guy T. Helvering, Mr. May quoted...
...Note-The Crimson does not necessarily endorse opinions expressed in printed communications. No attention will be paid to anonymous letters and only under special conditions, at the request of the writer, will names be withhold. Only letters under 400 words can be printed because of space limitations...
...account provided. The issue has become even more confused by the reduction in February of the yearly fee from ten dollars to five dollars. This may be justifiable in order to allow new members to join without undue burden, but, in this case, it seems a little unreasonable to withhold this same privilege from first semester members. The misunderstanding has been enhanced by making provision for an installment payment of the dues. In requesting the continuation of membership in the second semester, the committee in charge definitely used the word "renewal" in regard to our membership status. This seems inconsistent...
...Crime Bill Series, it will put itself in a very embarrassing situation if it refuses to grant the money to finance the enforcement of these bills. It can not expect to increase the necessary duties and administration of the "G" men and at the same time withhold the funds to meet the added demands. The Florida canal was started with great excitement, but as soon as the initial fanfare had died down, funds were withdrawn, and the project temporarily abandoned. This must not happen to the Department of Justice, since the work has been begun admirably, and it would...
...present average corporation tax. A corporation whose net income exceeds $10,000 would be taxed from 4% if it retained 10% or less of its net income to 42½% if it retained 57½% or more of its net income. Such a corporation could withhold about 31% of its net income without paying a higher tax than at present...