Word: surtax
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Dates: during 1920-1929
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...Harding felt, however, that it is too early to judge the effects of the present tax law. In any case he would favor a reduction in the general income tax rather than in the surtax so as to relieve the small tax payer in preference to the very wealthy...
...surtax rates a year ago ranged up to 65%. Now the maximum surtax is 50%. On the basis of March tax returns he now renews his recommendation that maximum surtaxes be reduced to 25%. He asserts that such readustment would yield as large or larger revenues...
...rate of $5 for each inch of deficiency? We hardly think so. If they did, we might see an alarming increase in the number of Colgate alumni to be found among the Living Skeletons and the Human Matchsticks at the circus. Colgate may need the money; but a surtax on waistlines is a dangerous way to raise...