Word: payâ
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Although the income tax is fair enough in principle?rates rise with ability to pay???the way in which it actually operates is not. Because of elaborate deductions and exemptions, hardly anyone pays the rate that theoretically applies to his salary bracket. The deductions and exemptions excessively favor married couples over single people, homeowners over renters, large families over small, receivers of dividends and stock market profits over people who live by wages alone. Congress narrowed some of the loopholes in 1969, with the result that the number of people who paid no tax whatever on incomes...
...Committee. Under the diffident John Bailey and in the face of total indifference on the part of the President, who never cared much about the mechanics of national politics, the committee has all but withered away in the past five years. O'Brien, who will handle both jobs without pay???but is anxious to depart immediately after the campaign to replenish his finances?promised to have the committee "updated and strengthened in every...
Newhouse's papers pay because his attention is riveted on the business side of newspapering. Alert for the smallest money-saving maneuver, quick to invest in new machinery when it promises to cut costs, he manages to make even sick papers pay???occasionally with a helping hand from luck. Shortly after selling the St. Louis Globe-Democrat to Newhouse in 1955, Publisher E. Lansing Ray died, leaving the paper?and the surprised Newhouse?$1,000,000 in life insurance...
...second day of the trial, Saint Gandhi was allowed to remain away from court. Absent, he was fined one rupee (36¢) which his lawyer refused to pay. As always happens when the Mahatma is fined?and invariably refuses to pay???an unidentified "friend" stepped briskly up and laid down the requisite rupee...
...Pay???to William J. Locke, author, $50,000 from Joseph M. Schenck for one story lor Norma Talmadge, Schenck's wife. To Erich Von Stroheim?$285,000 and 10 weeks' time allowance to make Queen Kelly, starring Gloria Swanson...