Word: maximum
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Dates: during 1920-1929
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...Mellon's argument: The Treasury will have a surplus this year. Income surtaxes should be scaled down from the present maximum of 50% to a maximum of 25%. This would not result in a corresponding reduction of Government income because capital would leave tax-exempt channels and be placed in taxable investments; e. g., if a man's tax rate, now 50%, were changed to 25%, a 6% industrial security would yield 4.5% as opposed to, say, 4% for tax-free securities, and he would invest in the former...
Although he has not completed a definite tax plan, for many months Secretary Mellon has urged the Administration to ask the next Congress for a 25% maximum surtax in accordance with this general plan...
...this year. Taxes ought to be reduced by exempting all incomes of $3,000 and less; scaling off $100,000,000 of taxes on incomes from $3,000 to $6,000; scaling off $100,000,000 of taxes on incomes from $6,000 to $10,000; reduction of maximum surtaxes to 331/3%; abolition of the "nuisance" taxes on candy, jewelry...
...employee will receive benefits for reasons other than involuntary unemployment due to lack of work; payment to strikers is expressly forbidden. Payments will amount to 40% of the average full time weekly wage, but with a maximum of $20 per week. The agreement under which the fund, and payments from it, are to be administered covers carefully all circumstances in connection with the plan likely to arise. It will terminate April 30, 1925, unless renewed or extended prior to that time...
...other things, the value of accurate statistics. But, unfortunately, these statistics so far have been concerned with the amount of reparations which Germany has already paid. These, after all, are small in comparison with the total bill--even counting in all the cows and swarms of bees at their maximum market value. The question to be determined is the exact amount which she is capable of paying, in the opinion of the best economic experts of the day. Statistics such as these would make possible the erasure of the question mark now on the account books, and, indeed, would help...