Word: taxing
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Dates: during 1960-1969
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...program that has Wilbur Mills's valuable support is the tourist tax package that Lyndon Johnson is submitting to Congress this week. "We are going to do something about this," vowed Mills, and while it might not be precisely what the Administration has in mind, it will be designed to assuage the itch for travel that propels about 3,000,000 Americans-and 2 billion American dollars-overseas each year...
...spending on travel outside the Western Hemisphere by $350 million a year, part of a program to trim $3 billion from the estimated $3.5 billion to $4 billion balance of payments deficit, Johnson has set his sights on the big spenders. His major proposals: 1) a tax, effective May 1, on expenditures by travelers abroad of more than $10 a day, which is scarcely enough to pay for the sauce béarnaise on the tournedos at Maxim's; 2) a 5% tax on ship and air fares to the Eastern Hemisphere; and 3) cuts in the $100 customs...
Students and teachers who already swear by Arthur Frommer's penny-pinching guidebook Europe on $5 a Day will escape most of the taxes, as will tourists who visit kinfolk in the old country. Though details have not yet been worked out completely, the tax for average daily expenditures above $10 may come to a flat 20%, or it may go as high as 40% for everything over...
These hoards of investment capital have been a major factor in sending prices up because they have created a demand for stock that is growing much faster than the supply of shares. Largely because capital-seeking companies now get a better tax break by issuing bonds instead of stock, the amount of newly issued shares dropped from $5.2 billion in 1957 to $1.5 billion in 1967 (when $16 billion in bonds were floated...
...thing about Henry David Thoreau, when he talked about civil disobedience, he wasn't kidding. Because of his opposition to the Mexican War, he refused to pay a tax and was hustled off to jail. To express their own hostility to the Viet Nam war, 448 contemporary writers and journalists went along with Thoreau last week-or rather part of the way. Quoting Thoreau's ringing challenge to the state, the signers* announced in full-page ads in the New York Post and the New York Review of Books that "1) None of us voluntarily will...