Word: taxing
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Dates: during 1920-1929
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...more practical side of the question it is clear that $50,000,000 worth of tax-exempt property presents an acute financial problem to Cambridge. Taxes are pushed up not only for the business and industrial interests but for all the residents of the city, who include the great majority of the Harvard teaching body. Toward alleviating this burden the University has done everything possible in past years to cooperate with the municipal authorities. In 1902 when the University had occasion to widen De Wolfe Street, President Eliot remarked that from then on Harvard had no intentions of attempting...
...Tax Refunds. Large corporations pay large income taxes, sometimes get large refunds back from the government. According to Representative John N. Garner (Dem.) of Texas, the U. S. Treasury has paid $2,000,000,000 in refunds and secret credits to taxpayers, during Andrew W. Mellon's term as Secretary of the Treasury. Congressman Garner called the Treasury Secretary a "Santa Claus" to large corporations, objected particularly to refunds made to the U. S. Aluminum Co., controlled by Mellon interests. Claiming that Aluminum Co. refunds totalled $1,267,426, Congressman Garner said: "Mr. Mellon, this grand Secretary that...
Angry, Mr. Garner demanded an investigation of tax refunds and credits, wished to find out why there are such large discrepancies between income taxes as first paid by large corporations and as finally paid after deduction of refunds and credits. His resolution will be voted on this week when the Deficiency Bill of which it is a part is passed upon. As the House will presumably divide along partisan lines, it is not likely that Mr. Mellon will find himself investigated...
Insurance. Can a Federal inheritance tax be collected on a life insurance policy when the decedent had retained the right to change beneficiaries? The Supreme Court ruled, last week, that such a tax can be collected on such a policy. Such a tax is constitutional because it is "not a direct unapportioned tax...
...Hebrew into Greek at morning prayers, and the New Testament from English into Greek at evening prayers, so as to combine piety and scholarship. But he did much else than teach. The College was supported largely by a "country rate" laid by the General Court in the towns, whose tax-collectors sometimes needed a personal visit before they would "come across...