Word: supertax
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...Hosiery Co. Asked about his remuneration for the plug, Argyll admitted: "I haven't the slightest idea at the moment. It depends on how many socks they sell, I suppose. But I don't suppose I'll get anything, anyway. When you're on maximum supertax, even dollars don't make any difference...
...should demand . . . moderate excise taxes on everything but bare necessities, heavy excise taxes on items that interfere with needed war production; a defense supertax added to the peacetime income taxes of individuals and corporations...
Liaison & Action. That same day Premier Robert Schuman's new inflation remedy, the "supertax" on incomes over 450,000 francs ($3,798), became law when it was rubberstamped by the toothless Council of the Republic (upper house of the legislature, replacing the old Senate). Communists and Gaullists in the Assembly had been against the supertax. Now this formidable new grouping of the classes moyennes, most of whose people were probably Gaullist voters or sympathizers, was out to do battle against...
Premier Schuman proposed a new "supertax" of 20% to 40% on incomes over 450,000 francs ($3,778). The relatively rich people affected could either pay the tax or buy an equivalent amount of government bonds. The revenue, and the resulting cut in French purchasing power, was estimated at 150 billion francs...
...instead of the present 4%) on taxable income from $4,000 to $6,000, rises steeply to a top rate of 75% (as at present) on taxable income of $5,000,000 or over. All this is in addition to the present normal tax of 4% and the additional supertax of 10% for national defense...