Word: taxing
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Dates: during 1960-1969
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YOUR DOLLAR'S WORTH. Examination of that seasonal topic, "Taxes and Loop holes." Internal Revenue Commissioner Sheldon Cohen and a battery of economists, politicians, lawyers, tax experts, auditors and plain old taxpayers offer advice on filing returns...
...hippies on the Haight ("This is not going to be any police state") or to Department Store Magnate Cyril Magnin (whom Alioto made city protocol chief), the balding, somber-suited mayor is the master of civic ceremony. Last week he redeemed a painful campaign promise to reduce city property taxes 20% by proposing a commuter tax-the first on the West Coast* which, if enacted, will net $14 million a year from San Francisco's 122,000 outside workers. They earn 50% of the city's $3 billion annual payroll, and heretofore have directly contributed not a penny...
...have three minutes to decide whether you leave or die." The rest of the Arab world has taken up the fedayeen with nearly unanimous vigor. Iraq and Syria offer training programs for several thousand commandos. The Persian Gulf states, led by Kuwait, raise money for them through a 5% tax on the salaries of their tens of thousands of resident Palestinian workers, and a recent fund drive in Lebanon brought in $500,000 from Beirut alone. So much money is flowing in that fedayeen organizations now guarantee lifetime support for the families of all guerrillas killed in action...
Britons, who already pay among the world's highest income taxes (a top executive with a $14,000 annual salary hands over $4,100 to Her Majesty's cof fers), now face higher purchase taxes on thousands of consumer items from liquor to lollipops, TV sets to autos. The tax on Scotch rose 300, to $4.80, lifting the total purchase price of a bottle to $6.48. Because of the tax, cigarettes rose 20, to 670 a pack (total tax: 450), and gasoline increased 40, to 730 for an imperial gallon (total tax: 470). The new levy added...
...diamond bracelet is now $1,620 v. $1,080 in pre-Jenkins times; not surprisingly, the jewelers passed the increases along to the customers. The new $1,270 tag on British Motors' Austin Mini reflects a $48 rise in the old $233 purchase tax. Not forgetting the rich, Jenkins also imposed a new one-year levy on investment income, creating a situation in which a man who earns $48,000 in dividends will have to pay nearly $16,000 in taxes...