Word: taxed
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Dates: during 1950-1959
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...proposal, as leaked from the office of Finance Minister Rufo Lopez Fresquet, was so zany that the Cuban press thought somebody was pulling its leg: anyone mentioned in the Cuban social register or newspaper society pages would have to pay a tax for the honor. The bite would be $1 per mention, plus $1 for each flattering adjective. Titles of nobility would be taxed $100, and photographs $10 per column inch. For collecting the tax, the newspapers would be allowed to keep 25% of the take. Going along with the gag, Prensa Libre used up seven adjectives in describing Minister...
Clad in a flowing sports shirt as sign of his membership in a classless revolution, Lopez Fresquet turned up at his office and ended the joke. "I'm dead serious about this tax," he said. The law will discourage "conspicuous consumption" and besides, might net $5,000,000 a year. Cuban society editors, who have always collected an under-the-table fee for social puffs, will lose a profitable racket...
...TAX RELIEF for shareholders getting stock under antitrust divestiture decrees will be favorably considered by Justice and Treasury Departments in hope of speeding settlement of Du Pont-G.M. case (TIME, June 27, 1957 et seq.), aiding in overall antitrust enforcement. But Treasury and Justice oppose as too liberal bill to free Du Pont stockholders from paying regular income tax on G.M. stock when they receive it, require only payment of lower capital gains tax rate when G.M. stock is sold...
...DEBT LIMIT boost of $7 billion will soon be requested by Treasury Department to make up for current budget deficit and lag in corporate tax receipts next fall. It will ask that $288 billion temporary debt ceiling be raised to $295 billion, but hopes budget will balance...
...Repeal the 10% federal tax on fares. ¶ Reduce railroad property taxes, give outright community subsidies for money-losing schedules deemed essential. ¶ Experimenting, on the part of the railroads, with new, passenger-appealing types of coaches, sleeping cars, diners and other facilities, coupled with "imaginative" pricing to build volume...