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...previous tax cuts in this country. The 1922-25 Harding-Mellon tax cut illustrates how a tax cut not only increased revenues, but also decreased the relative tax burden of the poor. Before the Harding-Mellon cut, tax rates in the United States ranged from 4 to 73 per cent. In 1922, the World War I tax surcharge was reduced, lowering the top rate from 73 to 58 per cent. In addition, Congress repealed the wartime "excess profits" tax and lowered the taxes on capital gains...

Author: By David Rozzell, | Title: In Defense of the 'Unfair' Tax Cut | 4/23/1981 | See Source »

Income tax receipts in 1922 exceeded all expectations, and these increased receipts enabled the government to grant retroactively 25 per cent refunds the next year. Two successive reductions further cut rates from a range of 1.5 to 2.5 per cent...

Author: By David Rozzell, | Title: In Defense of the 'Unfair' Tax Cut | 4/23/1981 | See Source »

...improve service. "I have tried to push the Post Office, for example, to agree to send a yearly questionnaire to each postal patron asking. 'Do you want to help improve postal service?' You've got a hundred million patrons. If you get half of one per cent, you've get 500,000 people. I mean you've got zero now: there's no group in America. The only person who would work full time on the postal service from the householder's view would be someone working directly for the householder...

Author: By Charles W. Slack, | Title: Fighting the Corporate Goliath | 4/22/1981 | See Source »

...fashion--we're not even near it. Sometimes these trends come in and we just get caught." But one gets the feeling that the folks at Bean's aren't too upset; the spurt in sales has allowed them to build an enormous warehouse complex, where 80 per cent of their business is transacted. The main Freeport store--open 24 hours a day, 365 days a year--accounts for the other fifth. "If L. L. could see all this, he'd probably have a warm smile on his face," Andrews admits...

Author: By William E. Mckibben, | Title: The Legacy of Leon Leonwood | 4/21/1981 | See Source »

...untucked shirttails fool you, either. One-hundred-per-cent cotton hanging out the back of a sweater did not get there by accident. Anything synthetic there, however, is bogus...

Author: NO WRITER ATTRIBUTED | Title: What to Wear? | 4/21/1981 | See Source »

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