Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Having strangled the plans of John Hanes and Henry Morgenthau to revise corporation taxes this year (TIME, May 22), Franklin Roosevelt last week executed a fast fadeaway which saved the faces (and possibly the resignations) of Messrs. Hanes and Morgenthau. The face-saving compromise (influenced in part by press and Congressional pressure) was effected at a White House luncheon topped off by peach shortcake. The President and Tax Revisionist Pat Harrison (who had huffily told Mr. Roosevelt he was going to get a new tax bill whether he liked it or not) were brought together by Jimmy Byrnes, the slickest...
...stump of the undistributed profits tax (most publicized of all the irritating kittens it was cut last year from 7%-27,% to 0%-21/2%. That action angered Franklin Roosevelt so that he refused to sign the bill, let it become a law without his signature...
...present high surtax (up to 75% on $5,000,000) on upper-bracket personal incomes. Coupled with this was a plea to stop issuing tax-exempt securities.* Thus very rich citizens might be influenced to take normal business risks instead of buying Government bonds...
...study of the whole tax problem by a joint committee of the House Ways & Means and Appropriations and the Senate Finance and Appropriations Committee members, with special attention to the present law which provides that corporation excess of capital losses can be deducted only to the extent of $2,000 plus capital gains...
There has been rioting in the streets before. There have been tax quarrels and American Legion disturbances. But never yet in three centuries of Harvard have relations with Cambridge been in such an awful state of collapse. The current ruction has its background in the refusal of President Conant to give the city a hundred thousand dollar financial crutch. The action of the piece, however, is the unhappy participation of Harvard students in the memorial services at Weeks Bridge. As a result of this, there are signs of a storm...