Word: surtax
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...Germans were told precisely what the Socialist Reichstag had in mind last week when it proposed to double the surtax on German incomes: to buld a sister to the Ersatz Preussen...
...fight in the Senate for higher tariff rates for Pennsylvania's wares. Thwarted by the Progressive Republican-Democratic coalition, he testily predicted the Tariff Bill's death. He is ever active to lower surtax rates on large incomes, to reduce the corporation tax. In general his fiscal policy is identical with that of Secretary of the Treasury Mellon, his great and good friend, whom he has repeatedly defended against attacks by Senators Couzens of Michigan and Walsh of Montana...
...tariff machinery (TIME, June 25); and last week it appeared that no Great Power except Japan would challenge China's present determination to fix her tariffs without foreign interference. The new schedules provide an average tariff of 18%, as opposed to the former 5% plus 2.5% surtax. In defending this sharp increase Finance Minister T. V. Soong declared, probably quite truthfully, that the new Nationalist Government is "in imperative need of funds" to liquidate their Civil War Debt and carry out their impressive programs of peaceful development and reform...
...Maximum surtax of 20% on amounts over...
...Maximum surtax fixed at 20% without a record vote, after a maximum of 40% had been voted down by 70 to 15, a maximum of 30% by 54 to 29, and a maximum...