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Word: loads (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Bucket Brigade. One idea being weighed in Washington is that VAT revenues ultimately would go to states to help pay for public schooling costs, and thus lighten the load on home owners, who pay for education out of their heavy-and increasingly unpopular-property taxes. In sum, Nixon could promise during his election campaign to reduce property taxes and then make up for this loss by proposing VAT after the elections. The Administration calculates that in order to reduce or stabilize the residential property tax by eliminating that part of it devoted to schools, it must raise about $12 billion...

Author: /time Magazine | Title: TAXES: The Simmering VAT | 2/28/1972 | See Source »

...lumber mill produces a load of wood with a market price of $25; this price represents practically all the "value" that the mill has added to the raw timber by buying and converting it to lumber. On a VAT of 3% the mill pays the Government 75?. This cost, separately invoiced, is tacked to the price of the lumber, which is then sold to a cabinetmaker for $25.75. The manufacturer transforms the lumber into a cabinet, increasing its market value from $25 to $75. On the $50 value added, the cabinetmaker pays another 3%, or $1.50. When selling the cabinet...

Author: /time Magazine | Title: TAXES: The Simmering VAT | 2/28/1972 | See Source »

...week. What infuriates them is that this is less than they earned in 1954, when they agreed to shift from a piecework basis of pay to a standard rate on the promise that, in the long run, the change would increase their earnings and lighten their work load. Instead it deprived them of reward for their increased productivity, and their income declined from $17 to $19 a day in 1954 to about $13 today. In relation to other basic tradesmen in Britain, the miners dropped from third place in wages to twelfth in ten years. Ever since the Heath government...

Author: /time Magazine | Title: The World: Back to Them and Us | 2/28/1972 | See Source »

...seasoned 5th, 7th and 9th divisions are believed to have slipped across the Cambodian border into the dense jungles northwest of Saigon; U.S. intelligence sources believe that the Communist troops are prepared to launch attacks on two hours' notice. At a checkpoint outside the capital last week, a load of Communist AK-47 assault rifles was discovered in a civilian truck...

Author: /time Magazine | Title: SOUTH VIET NAM: War of Nerves | 2/28/1972 | See Source »

...best when he describes the fires he has fought. In scene after scene the men of Company 82 race up the stairs of flaming tenements, hose-whip tornadoes of dark orange flame, crawl through smoke as thick as gravy, groping for bodies, stagger out with a tragic load of suffocated mothers and babies, then puke black phlegm all over the pavement. Many victims, it is true, are brought out alive-Engine Co. 82 performs prodigies of rescue every...

Author: /time Magazine | Title: Books: Pyromanticism | 2/28/1972 | See Source »

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