Word: pay-as-you-go
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...go tax plan. In 1942 Ruml began worrying about the problem of the $7,500-a-year Macy executive who was called into the Army on a salary of $50 a month. How could he pay his 1941 income taxes? Ruml proposed that everyone get out of debt to the Government by moving over to a pay-as-you-go basis. In 1943, Congress passed an amended version of the Ruml plan, setting up the present withholding-tax system. Now nobody, but hardly anybody, is in debt to Uncle Sam-though Uncle Sam is still in debt...
...rising, too. The New Jersey Turnpike is charging 1½? per mile v. 1? for Pennsylvania's to pay the difference for the greater speed, and especially the greater safety, of modern highways. Despite the higher charges, traffic on the New Jersey Turnpike is already exceeding the original estimates by 50%, with the result that the highway can probably pay for itself in 15 years, instead of 30 as planned. Not only do motorists prefer pay-as-you-go to suffer-as-you-wait, but as last week proved, any sound project can be readily financed...
...place of receipts from pay-as-you-go TV, sponsors will pay a fee for the rights to the colleges whose games they televise," said Hall. "This fee should run to about a million dollars for the season. Our committee then proposed that there be a token distribution of these proceeds to all football-playing NCAA members...
...wrote the President of the U.S. to Congress last week. Harry Truman's middle course, as he went on to chart ft in his budget, lay somewhere between guns and tools on the starboard, and butter on the port. A year ago he had insisted on a "pay-as-you-go" tax program. Now it was clear that he was sailing directly-if regretfully-back into the perilous waters of deep-deficit financing...
...revised bill is expected to yield $5.7 billion, v. the $10 billion asked by the Treasury to put rearmament on a pay-as-you-go basis. It will bring the total annual tax hike since Korea to $15.7 billion...