Word: taxes
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Dates: during 1940-1949
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...austere French Finance Ministry, classifying shaves, haircuts, shampoos and permanents as "luxuries," ordered the tax on them raised from the present 25% to 50% on Oct. 1. Last week, in protest, 10,000 coiffeurs abstained from work for 24 hours. Shop owners turned the air blue at a mass meeting in the Cirque d'Hiver. The coiffeurs feared diminishing tips, the owners feared vanishing profits...
...Ohio on Washington in 1894, still full of fight at 91, gave a Chicago isolationist gathering something to wrestle with: "The Government takes 20% out of your salary to pay you in terest on the 10% you have deducted from your salary to buy bonds. . . . Then they have to tax the people so the Government can pay interest to the banks, so the banks will support Government bonds upon which money is issued...
...federal sales tax be imposed if the budget is $22 billion. The committee feels it would be hard to raise enough cash to balance the budget otherwise...
...capital gains tax be left unchanged for at least five years...
...committee also lifted its voice for excise taxes, arguing that in relying almost entirely on income and corporation taxes, the U.S. is relying on a broken reed. Example: during the depression, U.S. tax revenues were cut in half as the national income plummeted. In England, where the income drop was great, revenue remained steady, thanks to the British system of levying heavy excise taxes. In effect, the committee argued: if alcohol is taxed, why not tea and coffee...