Word: summing
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Dates: during 1930-1939
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...name of farm relief Vice-Chairman Stone would cut the tax on 20 cigarets to 3? which, he believes, would reduce the cost to the consumer and increase the sum received by the grower. Vice-Chairman Stone argued that such a cut would before long double tobacco consumption in the U. S. with the result that the Treasury would collect as much in tobacco taxes as it does...
Refunds amounted to $190,164,359 last year. Large as this sum may seem, it was relatively small, for the Treasury at the same time collected $405,855,475 in back and additional taxes. The refunds amounted to only about 3% of gross tax collections, a margin of error which caused the Treasury no concern...