Sugar House Bulletin | 1944-10-06 | Page 5 | 1943 Corporate Profits Drop below Prewar Level

1943 Corporate Profits 1 Drop Below Prewar Level ' WASHINGTON. The National Association As-sociation ot Manufacturers issued a study showing corporate profits, in relation to volume ot business, dropped from 3.1 per cent in 1939 to 2.8 per cent in 1943. "In the light of these figures," it commented, 'it seems ridiculous to say that the congress has failed to curb war profits. There are individual individu-al exceptions without a doubt and American business men dislike these exceptional cases just as earnestly ear-nestly as the government and the public. However, for nearly half a million active corporations . . . most of the excess profits have been very effectively scooped by taxes and poured into the federal treasury." treas-ury." The NAM study, which it said wa3 based primarily on commerce department figures, gave corporation gross receipts in 1939 as $130,972,-000,000 $130,972,-000,000 and net income after taxes as $4,083,000,000. The comparable figures for 1943 were $298,000,000,000 and $8,200,000 000.