Colossal Deductions
U. S. citizens racking their brains for income-tax deductions gasped last week at the ingenuity of fertile-minded Cinemagnate Joseph M. Schenck, who went on trial in Manhattan charged with evading $412,045 income taxes in 1935-37. Some Schenck "business expenses" which the Government contended were too super-colossal even for the chairman of Twentieth Century-Fox:
>$136 for flying his masseuse from Hollywood to Manhattan.
>$536 for a personal barber.
>$2,092 for weekending in a California resort with two women friends.
>$40,000 for half maintenance of his yacht.
All told, the Government charged,...
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