Word: payer
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Whitney. The law lords of the House of Lords, sitting on the supreme appellate court of the realm, gave a hearing to a protest lodged by Harry Payne Whitney, U. S. financier and race horse owner, nonresident, non-British tax payer, against a £360,000 (about $1,746,000) levy on his income...
Comment. Philip Snowden (Labor) : ". . . the worst rich man's budget ever presented"; Mr. Churchill has "compassion" for "the poor, overburdened, starving, unemployed supertax payer. . . . So much for this example of protection, pure and simple, by this greatest apostle and protagonist of free trade, a Tory protectionist Chancellor of Exchequer...
...Stone was perplexed and formally remarked: "Just what purpose Congress had in mind in reënacting this provision after it had made it the duty of Commissioners to make available for public inspection the amount of income tax paid by each tax payer can only be surmised. The provision, however, is expressly made a part of the present Tax Law, and it appears clearly to be the duty of the Department of Justice to have an appropriate case presented in the courts so that the full force and effect of this provision may be judicially determined. This will be done...
...only income tax payer in the U. S. who did not benefit by the 25% reduction in taxes is Calvin Coolidge. According to Constitutional provision the President's salary may not be increased or decreased while in office. The courts have ruled that a change in the tax rates is in effect a change in the amount of compensation which an officeholder receives. On account of this ruling, President Wilson while in office paid no income tax, since there were no income taxes when he took office. Similarly Calvin Coolidge must continue to pay the same income tax rate...
...only income tax payer who did not benefit by the 25% reduction...