Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Cheerful, chunky (5 ft. 5 in., 196 lbs.) Democrat DiSalle, a man of notable affability even in his harried term (1950-52) as President Truman's Price Administrator, is determined not to fail. Already he has irritated educators, businessmen and politicians with a tighten-up-and-tax budget. And last week he incurred the wrath of Ohio's powerful A.F.L.-C.I.O., which backed him heavily in his campaign last fall...
...objects to statehood (even if Congress were to agree to it) because it would undercut his successful Operation Bootstrap industrialization plan, which uses tax exemption to lure new industry. Under statehood, industry and individuals would have to pay U.S. income tax. Muñoz further fears that his Hispanic island would lose its cultural identity and its Spanish language-"would become only a whiff of vermouth in the martini instead of the olive." Statehood's proponents argue that it would give Puerto Rico six or seven Congressmen and two Senators, a voice in making federal laws and decisions that...
Died. Arthur Stassen, 49, director of the petroleum division of the Minnesota state tax department, who left his job as a milkman to take a position in the state government when his 31-year-old brother Harold Stassen, sometime Pullman conductor, became Governor in 1939; of a heart attack; in St. Paul...
From the Council of Economic Advisers came a report confirming what most businessmen suspected: profits are back to prerecession levels, and climbing. At $21.6 billion for the fourth quarter of 1958, after-tax profits showed a $3 billion jump from the third quarter; undistributed profits, or the money companies still have after taxes, dividends, etc., were up to $9.8 billion, the highest level since the first quarter of boom year 1957. The high profit level, plus the assurance of a fine first-quarter report for 1959, gives U.S. industry plenty of money in the bank to keep the recovery rolling...
Therefore, when governments look around for new ways of raising money, their efforts are characterized less by statesmanship than by a desire to find the form of taxation most palatable politically. Most state and local taxes are thus make-shift, time-serving devices, and as the need for expenditures grows greater, many cities and states are paying the price in financial crises like those in New York City and Michigan. Until the politicians stop trying to please everyone at once and instead institute broad tax reforms and increases (as Rockefeller has started to do in New York State), the financial...