Word: taxing
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Dates: during 1960-1969
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...amendment to that act prohibiting destruction or mutilation of draft records, reasoning that the amendment, in effect, abridged freedom of speech. In a 7-to-l decision last week, the Supreme Court disagreed and upheld the congressional amendment by comparing the burning of draft cards to the destruction of tax records, also required to be kept by law. "We cannot accept the view," observed Chief Justice Warren, "that an apparently limitless variety of conduct can be labeled 'speech...
...tax, retroactive to January 1 for corporations and to April 1 for individuals, should garner $10 billion in a calendar year to offset a deficit that could run as high as $25 billion - even after the cutback in expenditures - and bolster sagging international confidence in the dollar. During the second quar ter of 1968, the U.S. economy is expected to equal the first quarter's $20 billion leap forward in gross national product. With no rein on the economy, Johnson reasoned, inflation could lop 40 off every dollar's purchasing power during the year and help price...
...totalitarian constitution. Though as glib and charismatic as ever, Arias claims that times have changed and he has changed with them. As a start, Arias has organized a strong, five-party coalition, recruited some able talent for his government, and drafted the rudiments of a program calling for tighter tax collections, a much-needed plan for urban renewal and continued negotiations for a new Panama Canal treaty...
Those income-tax sleuths in Washington figured they had found another taxpayer with a mistake on his return. So out went a form letter to one William R. Clark, a 40-year-old Government employee, asking him to report to his local IRS office. Clark showed up punctually and was hunched over his forms when a supervisor passed the cubicle-and did a double take. "Aren't you Ramsey Clark?" asked the flabbergasted IRS agent. "Yes," nodded the Attorney General of the United States, who then quietly turned back to his papers. The error, as it turned...
Laird's plan is a Negative Income Tax, which is not necessarily equivalent to a guaranteed minimum income. With NIT, the government makes up a certain proportion of the difference between a person's earned income and a set base figure. Laird's bill sets the base at $3000 and the proportion at one-half. In a sense, this NIT does guarantee a minimum income of $1500, but for NIT to be a guaranteed minimum income in the proper sense of the word, it should make up the full difference between the income and the base figure. By making...