Word: surtaxable
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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...
...growth of tax-exempt securities, which has resulted directly from the high rates of surtax, is at the same time encouraging extravagance and reckless expenditure on the part of local authorities...
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...