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...drawing $15,000 or more from their employers during 1937. It was the longest list the Committee has released since the practice was instituted in 1936. It was also the last of its kind, since the 1938 tax bill upped the publicity requirement to exclude salaries under $75,000-a-year...
...rates that many top-bracket taxpayers would find their total taxes all but swallowing their net income (but not exceeding it, as newspapers reported last week). In New York, for example (which has a State tax graduated up to 7% plus a 1% emergency tax), a $500,000-a-year man in a war year would have to pay Federal and State income taxes totaling $486,677. On $1,000,000, taxes would...
...fellow capitalists. In 1935 Henry Wallace hired Mr. Perkins as Assistant Secretary. He later became Assistant Farm Security Administrator, learned plenty at first hand about the woes of stricken agriculturists. Last week Washington Correspondent Alfred Stedman of the St. Paul Dispatch, who had just resigned from a $9,000-a-year publicity job with the Department, uncorked first details of the Perkins Plan, scheduled for formal announcement and discussion at a food trade conference in Washington on March...
...Joseph Hague Jr. After eight years of dawdling, he never did get a degree. In 1936 he managed to get admitted to the New Jersey bar. Last fortnight, events in the politically throttled State of New Jersey conspired to place Frank Hague Jr., 34, on that state's highest bench (Errors & Appeals) as a lay member at $9,000 a year. The events: 1) loaded with mortgages on properties from which high local taxes had driven business, a big Jersey City bank failed (TIME, Feb. 27); 2) a county judge resigned his $15,000-a-year job to become...
...problem and congenital hysteria, have caused one faction in Manhattan's insecure aristocracy of wealth to spend their evenings in public restaurants rather than their homes. As a group, this faction got itself labeled Cafe Society. Top chroniclers of Manhattan society are "Cholly Knickerbocker" (Maury Paul), $50,000-a-year oldtime smart-setter for the New York Journal and American, and Lucius Beebe who writes a weekly column for the New York Herald Tribune...