Word: capita
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...than that of England. This milestone was passed last week when the levies of the new tax bill went into effect. Under the terms of this measure, the amount which we will pay in taxes will be greater than is paid in England when measured either on a per capita basis or as a percentage of the national income--the only two bases upon which it is possible to make a fair comparison between tax burdens in different countries...
This is the provocative lead to an article by Ralph Robey in last week's issue of Newsweek Magazine. Using figures from the Chamber of Commerce of the United States, Robey asserts that "the per capita tax in this country under the new tax bill will be, on a full-year basis, $180 as against $173 in Great Britain. Assuming a national income of $90,000,000 in the United States and $36,000,000 in Britain, our tax bill will amount to 25 per cent of such income, as compared with only 22 per cent in England...
...terms of per capita purchasing power, this 1941 income was well above 1929 (because cost of living is still down 17%). By March nonagricultural employment had reached 37,218,000, highest figure for the month in history. But many a citizen has less buying power to spend on himself than he had twelve years ago. Reason: taxes. Although the U.S. is producing more real wealth than ever before in history, much more of the wealth goes for bureaucracy, much more of it for guns, and only what is left is for butter...
...even Jersey City's sky-high taxes did not pay the breathtaking cost of supporting the city in the style to which Hague has accustomed his loyal followers. Among its sister cities of the U.S., not counting bonded debt for utilities. Jersey City has the highest per capita net bonded debt: $172.33. Average...
...realtors, banks, restaurants, hotels, bars, prostitutes, it was boomtown prosperity. Per capita earning in the city was the world's highest: $23 a week. On the first and 15th of every month, $20,000,000 in Federal wages spout out of the Treasury into workers' pockets. Postage receipts were up $100,000,000 in February 1941 over February 1940. In the past five years, department-store sales jumped from an annual $57,000,000 to $85,000,000. In a year, one drugstore chain sold 40,000 alarm clocks...