Word: taxi
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...group of merchants, lawyers and real estate wizards, known as the "Bay Street Pirates" to Nassau taxi drivers, began the boom nine years ago. They spread the word that these British crown-colony islands have no income taxes, no personal property taxes, no real estate taxes, no capital gains taxes, trifling inheritance taxes. Now, says Attorney Stafford Sands, leading Bay Streeter, "there's a definite feeling of yeastiness about the whole American investment picture...
...forms: $20 million from a tax on taxicab rides, $12.5 million from a one-cent increase in cigarette and cigar taxes, $13 million from a two per cent rise in the tax on restaurant meals. The cab drivers have protested loudly and threaten to raise their fares if the taxi tax goes through; the cigarette increase, coupled with a two-cent rise in the State tax, makes the combined State-City levy on a pack of cigarettes a whopping seven cents...
...particular forms of tax is that the products and services taxed are basically luxuries; thus, these increases will "soak the rich" without hurting the poor. While the idea involved may be quite noble, the facts of the case do not jibe with the principle. To many New Yorkers, neither taxi rides nor restaurant meals are luxuries; and, as the cabdrivers have pointed out, the taxi tax penalizes one segment of the population for the benefit of another, no more deserving group...
...grey eyes. "Ladies," he says, wagging his finger at them, "why do you drive such big cars? You don't need a monster to go to the drugstore for a package of hairpins. Think of the gas bills!" No audience is too small for him. Caught in a taxi in the middle of a St. Louis traffic jam, he lectured the captive driver: "Now if we all drove small cars, we'd have a lot less trouble like this." His parting tip as he abandoned the cab and sprinted off on foot: "Next time try a Rambler...
...Albert M. Greenfield, 71, resigned as chairman of Bankers Securities Corp. ($500 million annual sales from department stores, hotels, real estate and taxi-cabs), which he founded 31 years...