NEW U.S. TAX BILL
(Received October 4, 11.45 p.m.)
WASHINGTON. October 3.
The Secretary of the Treasury, Mr. Morgenthau, is introducing a new Tax Bill designed to raise 10,650 million dollars. of which more than half will come from individuals. New income tax rates will bring in 6.610 millions, of which 3050 millions will be straight tax and the remainder will be enforced savings, refundable after the war. Corporation taxes will be increased by 1100 millions, excise by 2530 millions, and gift and estate duties by 400.000,000 dollars. The Associated Press of America, says the Bill will put the so-called luxuries of life, spirits, beer, chewing-gum, tobacco and travelling on an all-out war footing. Ten cent beers will be a thing of the past.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19431005.2.50
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 37, Issue 8, 5 October 1943, Page 5
Word count
Tapeke kupu
124NEW U.S. TAX BILL Dominion, Volume 37, Issue 8, 5 October 1943, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in