Word: taxed
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Dates: during 1940-1949
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...sure, there are persuasive illustrations ad nauseum of the effect of the Mellon approach on U.S. economic history [TIME Oct. 3]. However, to show its full extent, one fact should be noted. In 1926 the federal gift tax was repealed and the federal estate tax was reduced significantly (except for John Garner, it would have been repealed). This abolition and reduction occurred primarily through the influence of one man, Andrew Mellon...
...numbers, got down to political issues, charged that the welfare state had killed initiative. They cited cases: Norway's seal catchers lie idle rather than risk their lives for profits limited to 5%; berry pickers eat their blueberries rather than sell them and go up into higher income-tax brackets. Recently, with an eye on the polls, the Socialists dropped many of their austerity restrictions-"Like Salome," as one Conservative put it, "dropping her veils...
There is a growing army of futile door-to-door peddlers. Every day in apartment houses, Sfeuerbeamten (tax officials) stick tags on pianos, couches, chairs, attaching them for unpaid taxes. A third of the tenants are behind on rent...
...passengers kept themselves well amused. The ships had their bars and canteens, and since a ship at sea constitutes a sort of neutral no-man's-land, liquor and such comes tax free. Needless to say, it flowed freely. The foreign lines were more than happy to encourage the Americans to spend their money, especially when they spent dollars. The Dutch Line went so far as to mint some special ships money, script and coin, to keep the students from spending Dutch guilder...
...addition federal tax laws require the payment of additional tax of 20 per cent on resale of a ticket above the original purchase price. State law prohibits the unlicensed "business" of selling rights of admission to public amusements at above 50 cents over the original cost...