Word: slips
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Dates: during 1930-1939
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Last week the House voted 302-98 to repeal the "pink slip" publicity provision of the Revenue Act of 1934. Two days later the Senate Finance Committee endorsed the House repealer. Meantime with many a snort & groan, millions of U. S. citizens filled out pink slips noting the highlights of their incomes and tax payments, filed them along with their income tax returns. "This is for the snooper," "Under protest!", "To whom it does not concern" and less printable jibes were written on the slips by taxpayers. At least one lawyer, declaring the "pink slip" law unconstitutional, filed suit...
Chances were that no such action would be necessary. Nose-counters last week found the Senate strongly in favor of repealing the publicity clause. That the Senate would be slow to act was of small consequence, the Treasury having already announced that it could not possibly have the "pink slip" information ready for public inspection before summer...
...most anxious for the "pink slip" law's repeal last week was one whom, as a taxpayer, it could not embarrass. Anyone may turn to a World Almanac, learn that the U. S. Commissioner of Internal Revenue gets $10,000 a year. But Commissioner Guy Tresillian Helvering knows that the job of compiling the pink slips would put a tremendous extra burden on his Bureau, cost the Government some...
Seven hours before the deadline for filing income tax returns last week, Commissioner Helvering called in person to receive President Roosevelt's return and pink slip. He had good news for the President. Tax receipts from all sources were up $393,000,000 from the same date last year. For the first half of March, income tax receipts were $191,358,909, up about 29% from last year...
...practice, however, he may trade in & out throughout the game, and any other idle broker may join in, although an outsider does not have the advantage of holding a numbered slip. Instead of settling individual transactions, each broker records his trades as he would on the Floor, turning over to a volunteer "clearing agent" for "settlement" at the end of the game his "bought" and "sold" memoranda. The game goes on until trading peters out or the real stockmarket stirs in its sleep. Losses have run as high as $200 in a single game but the average gain or loss...