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...knock out the sales tax, it was part of the coalition's strategy to substitute heavier levies elsewhere in the bill. The bill already raised the normal tax on net incomes (after deduction) of $8,000 or more from the present 5% to 6%. The House voted (121-to-81) to boost this levy to 7%. Where the bill upped the maximum surtax from 20% to 40% on over $100,000, the House voted (153-to-87) to invoke again the Wartime scale of surtaxes, boosting the rate beyond the $100,000 mark to a maximum levy...

Author: /time Magazine | Title: TAXATION: To Hell with the Sales Tax! | 3/28/1932 | See Source »

...Aintree. The biggest steeplechaser in the year's biggest steeplechase-the 93rd Grand National last week at Aintree, England - was a Chestnut owned by C. P. Brocklehurst named Pelorus Jack. Waiting for the start, while the heavier jockeys stood beside their mounts to avoid tiring them, Pelorus Jack was well-behaved. He balked at one of the early jumps and unseated his rider. At the Canal Turn, a 6-ft. ditch and 5-ft. hedge of fir in front of a right-angle turn, Pelorus Jack was responsible for one of those moments of wild confusion which occur...

Author: /time Magazine | Title: Sport: Forbra and Phar Lap | 3/28/1932 | See Source »

After almost a week of pedaling around a steeply inclined pine-board track in Madison Square Garden last week, most of the riders in Manhattan's 52nd International Six Day Bicycle Race were from 5 to 15 Ib. heavier than when they started. They had not slept much-five hours per day, mostly between 5 a. m. and noon-but they had made up for it by eating huge quantities of beef, chicken and raw celery. The basement of Madison Square Garden is never more malodorous, even when populated by show dogs or poultry, than when its catacombs...

Author: /time Magazine | Title: Sport: Cycles In Manhattan | 3/14/1932 | See Source »

...Bartholomew's was obliged to cut all salaries 10% last week. Said Dr. Clifton Macon, assistant minister: "Our receipts from parishioners have not been up to expectations. . . . The plates are getting heavier with collections now. It is silver, and not so many bills...

Author: /time Magazine | Title: Religion: Wonderful Sanctuary | 3/7/1932 | See Source »

...things it has been waiting weeks to learn. The new Fords will be entirely different from old models, will be long, low and wide. They will be streamlined, with slanting windshields, V-shaped radiators with rounded crowns the same color as the bodies. They will have freewheeling, larger wheels, heavier tires, bigger hubcaps. The ignition key will be on the steering post, gasoline tank in the rear...

Author: /time Magazine | Title: Business: Ford Risks All | 3/7/1932 | See Source »

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