Word: taxed
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Dates: during 1950-1959
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...wife, Anna, had been grossing $2,000 a week. But as the trial progressed, a painfully familiar story emerged: in 1951 on a jaunt to nearby Bad Neuenahr Casino, Roden caught the roulette bug, began to drop as much as $1,200 at a session. The following year, when tax inspectors handed him a bill for nearly $8,000 in back taxes, Roden, unable to pay, remembered the dying days of World War II, when he kept his retreating Wehrmacht unit in meat by slaughtering cattle in the open fields of East Prussia. With Ewald Mischker...
Harris said that this practice of shifting the burden of old age support to the poor and to state and local governments should be discouraged. While the Administration is now planning increases in the payroll tax rate to accumulate a large reserve fund, he stated, there is some question whether the appropriate financing methods should not be to increase the "very low level" of benefits or to postpone rises in rates...
...even go out for lunch." To help lure in individuals, the Treasury guaranteed that subscriptions up to $25,000 would be allotted in full if the subscriber would pay in cash. Also, as part of the same financing operation, the Treasury will auction an additional $2 billion in tax-anticipation bills due next June...
...billion is needed, in spite of the prospective balance of the budget, to pay the Treasury's bills until tax collections pick up early next year. The Department also expects to raise another $2 billion or $3 billion before January, but does not know at what rate. Some moneymen think that the end of the steel strike will see a big demand and further squeeze on the money market; others argue that the impact of the post-strike demand has already been discounted. In any case the new bonds show that, given favorable interest rates, there is still plenty...
...Court has reversed LaBuy once before on the case; it upset his 1954 ruling that Du Font's control of G.M. did not violate the Clayton Act. Last week LaBuy himself left the door slightly ajar. He noted that several bills are pending in Washington to ease the tax bite of an enforced stock distribution. If a bill should pass, said the judge, his decision is open for "review and reconsideration...