MANAGEMENT: Trouble on Top

Heavy personal income taxes have loaded big corporations with a new problem: how to have & to hold able executives. So much tax is carved out of upper-bracket incomes that corporations find it almost impossible to give a top man a salary increase that will do him any good. The $100,000-a-year man today keeps $48,100 after taxes; figured in terms of 1939 dollars, his take-home pay is only $26,070.* He works part of every day and full time every other day for the Government. As a result, many men who have piled up pension or other benefits refuse to take...

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