Word: maximum
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Dates: during 1920-1929
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...Surtaxes running up to a maximum of 20% at $100,000 and more (the present maximum surtax is 40% at $150,000 and more...
...Estate taxes are to be graduated to a maximum of 20% on $10,000,000 and more, with credit up to 80% on state inheritance taxes paid. (The Treasury favored reduction and eventual abolition of estate taxes. The present maximum...
...goes even further, planning a 100% increase, to 2,000 cars a day. Similarly, output capacity per day is being arranged by Buick for 750 cars, by Chrysler for 800 to 1,000, by Willys-Overland for 1,100, and by Chevrolet for 2,200. These of course are maximum figures. Yet estimates of 1926 car production call for a 40% increase over 1925 for these six popular makers, as follows...
...which taxes may be cut. This amount of surplus revenue may be lopped off, but it should be done in such a way as to effect tax reform as well as tax reduction. The Treasury feels that tax reform should take the form of normal taxes of 5%, and maximum surtaxes of 20%, estimating the loss of revenue in this way as 140 millions for the first year and 100 millions for the second year...
...Treasury does not propose any definite rates, but it presents to you the certainty that tax reform can go to a 25% maximum normal and surtax without the slightest danger to our future revenues. In fact, such a reform will insure the source from which we expect to get our revenue in the future...