Word: taxes
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Dates: during 1940-1949
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...late William Allen White as the archetypical U.S. small town, came a surprising fact: though the town has had no particular war boom, last year no less than 10% of the Senior High School's 640 pupils earned enough (i.e., $500) to make them file federal income-tax returns (64 reported paying taxes...
...Alabama's New Dealing Senator Lister Hill called on his state to "follow the admirable example set by Georgia" (TIME, Feb. 12) and repeal the poll tax. His proposal was 1) cheered by editorialists, 2) ignored by Alabama legislators...
Last week, Boss Ed was up to his eyebrows in a shouting contest with the Crump-hating Nashville Tennessean. He was annoyed beyond his limited endurance by the Tennessean's insistent labeling of Memphis as "Crumptown," and even more annoyed by its fight against the poll tax, which helps to keep bosses in power. Snapped Boss Ed: "This trio of mangy bubonic rats are conscienceless liars . . . cowards at heart, yellow to the core. . . . There is not one of them who, either singly or all together, would meet us on the street . . . and say the things to our faces that...
Reason: along with other Jersey roads, it lost a tax decision to Boss Hague's Jersey City, had to pay out $4,932,000 in interest on back Jersey taxes...
...normal times, a sizable drop in gross meant a sizable drop in net. This is no longer true. Example: Hercules Powder Co. had its volume trimmed by "shifts in war production" so that its gross profit was cut by $7,910,000. But its tax bill dropped also, some $6,050,000. Thus, net profits were down only...