Word: surtaxable
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...German and Spanish Governments concluded a commercial treaty which was expected to work greatly to the disadvantage of the export trade of the U. S. and Britain with Spain. No details were published, but it was stated that the surtax on German imports was removed by the Spanish Government and that the German Government agreed to revalue the paper marks held by Spanish business houses...
...case their incomes would be heavily levied upon by the income tax collector-net income was almost entirely plowed back into the property each year, or used to acquire new plants and establishments of all sorts. On corporate net income the tax rate was only 12½%, while the surtax rate would have been 50% on both the Fords' incomes had these earnings been distributed to them in the form of dividends. Incidentally, this in part explains Henry Ford's willingness to buy all sorts of business enterprises of late, such as his railroad or his huge...
...Debated, amended and finally passed the Tax Reduction Bill, embodying the Simmons (Democratic) surtax rates (40% maximum...
...entire week the Senate labored over the tax reduction. When the surtax schedules were reached, it was expected that several days would be spent in debate. Instead, after only one day, the Democrats forced a vote and supplanted the Mellon rates by the rates proposed by Senator Simmons, North Carolina, Democrat (surtaxes beginning at 10% on $10,000 increasing to 40% at $500,000; normal tax 2% up to $4,000, 4% from $4,000 to $8,000, 6% above $8,000). The vote on the Simmons plan was 43-40 for the surtaxes and 44-37 on the normal...
...fortnight ago the Senate Finance Committee replaced the original Mellon tax rates (maximum surtax 25%). Last week the Democratic members of the Committee published their own edition of the measure. It is known as the Simmons plan, in honor of Senator Simmons of North Carolina...