Word: taxing
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Dates: during 1960-1969
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After royalty and tax payments to the Zambian government that last year to taled $144 million from Roan Selection Trust alone, net income for the recent fiscal year was $69 million. For the first nine months of that year the dividends were $21 million or 46% of net income. Therefore a very considerable capacity exists for payment of dividends to both old and new owners, even after Zambia's very heavy taxation...
...welfare package, Nixon made a gesture to the left by advocating a minimum annual income and to the right by keeping that subsidy at $1,600 for a family of four, far below the poverty line, and insisting that recipients accept "suitable" employment or vocational training. He suggested tax reforms, but would prefer to maintain the oil-depletion allowance. He began calling home troops from Viet Nam, yet keeps the level of withdrawal so small that the actual U.S. military presence there is substantially unaffected...
...incomes as pensioners, clinging to the frame houses that represent a lifetime's work. "People tend to forget," says Marchi, "that there are many poor white people." To the retired worker, or to the family living on $7,000 or $8,000 in the lower civil service ranks, a tax increase on their homes or an apartment rent rise is a grave threat to the stability of a small, precarious world. Second jobs are common, credit purchases a necessity, a sense of financial security almost impossible...
Like many big cities, New York teeters on the edge of bankruptcy. Lindsay imposed a measure of rationality on fiscal operations by ending reckless borrowing to cover operating expenses. But he also increased spending by 75% and imposed a municipal income tax, giving New York City residents the highest taxes per capita in the country. The increase has not produced many tangible improvements in public services. Most of the money has been consumed by inflation, by the civil service wage settlements and by a nearly 200% increase in the cost of welfare assistance to the poor. During the Lindsay years...
Quickly, the Communists moved to curb inflation, suppress bandits and warlords, rehabilitate industry and the transportation network, equalize food distribution, establish a tax system and bring the people rudimentary health care. For the first time in anyone's memory, an efficient, honest administration was in charge-though it could also be ruthless and even inhuman in its desire to impose unity on the land. By 1952, Mao had used persuasion and purge to consolidate his power, and China was ready to transform its economy...