Word: taxes
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Dates: during 1940-1949
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...Congress. His political career followed the typical small-town pattern: commonwealth (district) attorney, election to Congress (1922). In 1928, when he supported Al Smith, he went under in the Hoover landslide. But two years later he was back. He worked hard, carried the tax ball for the Ways & Means Committee, became known and famed as a fiscal expert. In 1937, after the Supreme Court had thrown out the Guffey Coal Act, Vinson studied the decision, wrote a new bill, made it stand...
...slimmed down from his baby elephant proportions; ex-WPB planner Bob Nathan, who lends a New Deal tone to the office and an appearance of Neanderthal man to the staff; and mild, quiet Paul L. Kelley, Vinson confidant for 20 years, one of whose duties is to make out Tax Expert Vinson's income-tax return (Vinson's salary...
Transatlantic conversations are now both easier and cheaper. Before the war only five calls could be handled at once; now, eight conversations can go on simultaneously. The basic charge for a three-minute call has been cut from $21 to $12 (plus a $3-25%-federal tax...
...Customer. In Washington, the Bureau of Internal Revenue brooded heavily over the tax return of a man who had been divorced and remarried the same year, finally ruled, in effect: only one wife (and exemption) per taxpayer...
...permission is given, the way is thorny. A firm must get licenses to make almost anything; it must find manpower, which will be short till the Japanese war is over; and its products will come under rigid price control. Further, it must be prepared to pay the British income tax, currently 50% of net profits, along with an excess-profits tax (100% for an established company, 90-92% for a new company). There is also a personal surtax "at heavy graduated rates" for executives...