Word: taxing
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Dates: during 1960-1969
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...person cannot have a genuine respect for laws unless he respects the law and himself. Changing the laws will not help. Our attitudes need to be changed. I will not argue whether or not income tax evasion is comparable to violent crime. But the attitude that a little transgression is all right definitely is not healthy and clearly points to this nation's need for moral leadership...
Alabama, a historically backward state, scarcely inched ahead during Wallace's regime. With a 4% sales tax and a low property levy, its tax structure is biased against lower-income workers. As Governor, Wallace sponsored a law providing that corporate income taxes can be raised only by constitutional amendment. He did raise spending greatly, but only by floating huge bond issues and obtaining massive grants for highways and education from the despised Federal Government...
...tax hike came very late, in view of the economy's inflationary fever. Moreover, Congress abdicated its purse string power by insisting that the Administration cut $6 billion from expenditures. This may be a more important shift in congressional philosophy than the end of the long-standing alliance between Republicans and Southern conservatives, achieved by the new G.O.P. leadership's policy of offering alternatives, rather than merely saying...
Foreigners, too, are flocking to the Tokyo exchange, despite a 15% dividend tax levied on foreign investors' holdings. U.S. investors are hampered by the 18.75% interest-equalization tax collected by the U.S. government on stock purchases abroad. But others, especially Europeans, are busy buying into Japanese companies at a monthly rate of $21 million, up from an average $5,000,000 a month during 1966. Trading in Sony Corp., a favorite blue-chip stock, has already reached the government-imposed 20% ceiling on shares that foreigners can own in a company...
...area because of its promise of massive destruction of existingu buildings and massive dislocation of existing populations. Presently he finds his bitterest enemy in the Cambridge Redevelopment Authority for whom the best building that can be constructed in the city is one that generates the greatest increase in the tax base: twenty-story, high-income high-rises. At the same time he has been instrumental in championing the equally controversial Wellington - Harrington Plan, which would make federal monies available in the form of long-term, low-interest loans that present citizens could afford for private home building of the kind...