Word: excesses
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Dates: during 1920-1929
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...bills were not paid with the signing of the armistice. With a funded debt of twenty-six billion dollars, there is an annual interest charge of over one billion. From the $750,000,000 which flowed into the Treasury last Tuesday from the second installment of Federal income and excess profits taxes, $728,000,000 were immediately used to meet the payment of Treasury Certificates, while, at the same time, $400,000,000 of new Treasury Certificates were offered to meet the current expenses of the government. A man who spends his salary before he receives it, is not usually...
...based on an unsound economic theory, to the effect that a man's pocket book is as corpulent as his person. The facts scarcely seem to bear this out. Most of our millionaires (take Mr. Rockefeller for example) do not come under the scope of such an excess profits tax as this. Most of them are of medium build; some of them are actually thin. And in this hot weather, it is not likely that anyone, millionaire or otherwise, will feel eager to undergo physical measurements...
Unused, detached coupons not in excess of $4 value will be redeemed if presented at the Auditor's office beween June 7 and June 20 inclusive...
...last able to reach certain fairly definite conclusions in regard to the present Russian problem. Above all, we must recognize the great need of Europe for the food which Russia is capable of producing. During the war the United States was able to ship a large excess of provisions, but with production so slack, and waste and expenditure so great, it seems probable that only a negligible share will be left for Europe...
...hand the use of increase in income taxes to secure a better distribution of wealth breaks down itself at a certain point because it discourages initiative and efforts in a far greater degree than does the use of inheritance taxes for such purposes. In like manner the use of excess profits taxes for this purpose or even for revenue--except as an emergency measure coupled with controlled prices--breaks down not only from the discouragement to initiative, but worse, because it stimulates rank waste and is in the main passed on to the consumer and contributes to the high cost...