Word: taxed
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Dates: during 1930-1939
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Pausing thoughtfully on the steps, Mr. Harrison sucks heavily on his frankfurter-sized cigar-or Mr. Doughton fiddles with his broad-brimmed sombrero-and says in effect: Revenues are pouring into the Treasury in a way that gladdens our hearts. No tax increases will be necessary...
...public he was only a name until he wrote one of his first Supreme Court decisions-the Panhandle Oil Co. case. His decision: the Panhandle Oil Co. need not pay a Mississippi State gas tax on sales made to the U. S. Coast Guard, because the company's part in such sales made it a "Federal instrumentality" and thus it could not be taxed...
...policy as far as possible in this war, the real story of French war finances was not to be revealed until the Finance Minister presents the military budget, which will be drawn up every three months. Meanwhile, to defray the increased costs, both civilian and military, taxes went up. The so-called extraordinary income tax was raised from 2% to 5% on low incomes and to 15% on incomes above $155 monthly earned by male noncombatants of military age. Other new taxes included the upping of postal rates, increased levies on telephones and radios, cigars and cigarets...
...lock up money that would otherwise be spent. To keep down the price of consumer goods, to temper the war inflation for those who do not enjoy its upward effect on wages and speculative profits, Mr. Keynes proposed a double levy on all incomes, one part to consist of tax, the other of low-interest (2½%) loan to the Government, to be deposited at the Post Office Savings Bank and redeemed only after hostilities cease (except for personal dire emergency). On small incomes, the tax levy would be low, the loan levy high. Example: on ?500 of income...
...YORK--Discussion of a national defense emergency tax injected a new note of uncertainty in the stock market last week and sent security prices tumbling to the lowest levels since September...