United States or Vanuatu ? Vote for the TOP Country of the Week !
Slightly over half of this amount, or 800 million dollars, will be accessory to the simplified pay-as-you-go method of tax collection, and will be the result of overwithholding and over declaration of expected income. Most of the remainder will arise from loss and excess-profits credit carrybacks, recomputed amortization on war plants, and special relief from the excess profits tax.
The French people differ from their neighbors in many respects and in a marked way in money matters. They will sacrifice their lives rather than their substance. They will leave a national debt for their children and their children's children, instead of making a resolute effort to wipe it out or lessen it by amortization.
When the mine is done paying dividends, there is no return of the face of the principal invested. Yet the great and gullible public forgets this all-important fact, which differentiates mining from every other form of business. There is every probability that the average investor never heard of a proper "amortization charge" in the management of a mine.
Besides these personal incomes, each industry which paid these dividends and profits, through its depreciation, amortization, replacement, new construction, and surplus funds was reinvesting in the industries billions of wealth that would be used in the creation of more wealth.
Word Of The Day