Word: taxes
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Dates: during 1940-1949
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...Saskatchewan last week taxpayers poured into municipal offices and queued up before wickets to fork over their $5. They were getting under the wire with payment of the new head tax levied by the CCF for the first Government-controlled hospitalization plan in North America. Maximum tax: $30 a family a year. Those who failed to pay faced a 10% surtax and a $25 fine. All told, the CCF collected about $2,000,000. That, plus the $1,000,000 coming from other Government revenue, was considerably short of the $4,500,000 a year the plan is expected...
Consolidated Vultee Aircraft Corp. had $348 million in orders, expected to take two years to fill them. But Convair, strikebound for some three months during the year, reported a deficit of $1.8 million for the first nine months after applying a carryback tax credit of $4 million. Also losing money was Republic Aviation Corp., which had 26 firm orders for its Rainbow but did not expect to start deliveries until late...
...said, New Orleans' notorious Abraham L. (Abe) Shushan, ex-convict and onetime Huey Long henchman, agreed to write off a $3,000 loan to Bilbo in return for an assist on an $80,000 income-tax suit. In 1941, Terry recalled, Bilbo had accepted $1,500 to get an aged Natchez drug addict a special morphine prescription from the Federal Bureau of Narcotics...
...Takers. But the other Bretton Woods twin, the World Bank, was not growing up to be such a credit to its founders. It was beginning to be regarded as almost a wayward child. There was still no taker for the $30,000-a-year job (tax free) which President Eugene Meyer resigned. And the Bank itself, with an assist from Treasury Secretary John W. Snyder, bungled the announcement of another resignation. As a matter of courtesy, Vice President Harold D. Smith thought he ought to hand in his resignation, let the new president keep him or name a new vice...
...anyone want a job that paid $30,000 a year, tax free? Last week the World Bank was still shopping around for someone to take the place of retiring President Eugene Meyer. The job was offered to Graham Towers, governor of the Bank of Canada. He turned it down. At one time or another, the job has been turned down by Navy Secretary James V. Forrestal, Assistant Secretary of State William L. Clayton, former Budget Director Lewis Douglas. (The bank denied an Associated Press story that Secretary of Commerce Averell Harriman had also been offered the job.) Unless a head...