Word: taxing
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Dates: during 1960-1969
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...Three tax experts explain "How To Save on Your Income Tax" legally, painlessly and by April...
...Tax Burden. The fiscal bind is the same one that faces every school system in the nation, public or private: soaring costs of construction and plant maintenance, more expensive training aids and equipment, and a doubling of teachers' salaries during the past decade. But some of the bills piling up are the result of specifically Catholic problems. The rising cost of teachers, for example, is even worse for parochial schools because there are fewer members of religious orders available for teaching jobs. The reason is the sharp decrease in religious vocations, plus a diversification of some orders into other...
Almost every parochial-school system has had to raise its tuition rates to the limit of parental tolerance, and even beyond. They are caught in a viciously accelerating cycle: as public-school taxes and parochial-school tuition go up, many parents decide that they cannot afford both. They simply transfer their children to the public school, increasing the tax burden as well as the cost per pupil for those remaining in the parochial schools. In addition, some parents switch to public schools because they are not happy with the uneven quality of parochial education...
...proposed reforms would tax capital gains income at the same rate as ordinary income, end the seven per cent investment tax credit, and abolish all depletion allowances. In addition, the petition calls for an end to loopholes in estate tax laws and for the taxation of state and municipal bonds...
...existence of widespread tax loopholes for the wealthy creates a potentially country," said Steven J. Kelman '70, executive committee member of YPSL. "Working calls voters, resentful of their high tax burden, are persuaded that their taxes are due to welfare spending and thus vote conservatively," he said...