Word: taxed
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Dates: during 1930-1939
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Stonier-faced were they when he finished, for the O'Daniel panacea turned out to be a repeal of the State's present ad valorem tax in favor of a 1.6% tax on "transactions," a transaction being grandly defined as "any dealing of any kind whatsoever between two or more persons." Such a tax, replacing the State's present ad valorem tax, would net $25,000,000 annually, thought the Governor, to help pay for State old age pensions up to $15 a month (another $15 to come from the Federal Government...
...Governor seemed hazy on details, but it appeared that his pyramided sales tax* would have to be paid at least three times on a sack of flour, by manufacturer, jobber, retailer. Its other complexities he suggested when he proposed some exemptions : salaries, wages, professional fees (where it would be an additional income tax), interstate transactions, first sale by producer of agricultural and livestock products, street car fares up to 10?, street sales of newspapers, charitable and church transactions...
When he finished reading his message, the legislators, who balked at a general sales tax for Texas when it was last proposed, sat in stony silence...
...similar tax was proposed by Dr. Francis E. ("The Plan") Townsend to pay his nationwide pensions. Closest approach to it in actual practice is Hawaii's "gross income" tax...
...Augean mess from the Hurley-Curley administrations. He declared that no man who was doing a decent, necessary job need fear the ax, then proceeded to go after other jobholders (see p. 40). Of more concern to Massachusetts was his announced conviction that despite all economies the State tax on cities & towns would have to be upped from a record $17,000,000 last year to perhaps...