Word: surtax
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Dates: during 1920-1929
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...Reduce surtax rates by commencing "their application at $10,000 instead of $6,000 and scaling them upward to 25% at $100,000. "This will readjust the surtax rates all along the line, and the Treasury recommends the readjustment, not in order to reduce the revenues, but as a means of saving the productivity of the surtaxes. In the long run it will mean higher rather than lower revenues from the surtaxes. At the outset it may involve a temporary loss in revenue, but the Government estimates that even during the first year, if the revision is made early enough...
Although he has not completed a definite tax plan, for many months Secretary Mellon has urged the Administration to ask the next Congress for a 25% maximum surtax in accordance with this general plan...
...this page, headed " A Surtax,'- TIME for Oct. 1 stated...
...convention adopted resolutions against government price-fixing, radicalism, government regulation of business, reduction of railroad rates and valuations, the late settlement of the coal strike, and resolutions for lower surtax rates, reduction of the wages of labor and a settlement of the reparations problem through negotiation by the Debt Funding Commission with England and France...
Residents of one state who study at a state university in another state are frequently charged extra, but the surtax on foreign students is a comparatively new departure, which has been subjected to hostile criticism on the ground that it is detrimental to America's international influence and associations...