Word: budgeting
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...basic income tax rate was raised to 25%. Coalition Philip Snowden having restored in his 1930-31 budget the 6d lopped off the tax by Conservative Winston Churchill in 1925, last week restored the 6d which Conservative Baldwin cut away in 1923. The tax climbed back to five shillings in the pound. The surtax rate on all incomes over $9,720 has been raised 10% in all brackets. Exemptions have been cut to incomes of only $486 a year for single persons and $729 for childless married...
...effect on next year's budget will be this: I have an estimated deficit of $826,200,000, toward which I now have economies totalling $340,200,000; debt savings of $97,200,000; new taxation of $396,090,000?a total...
...official income is $50,000," said he, "and my taxes, even before the new budget, have been...
...bitterly remarked New York City's Department of Hospitals. New York hospitals and clinics have been overcrowded with 25% more patients than normal during full employment times. The staffs hear of people who "cannot afford to be sick," who defer treatment, operations. For the municipal hospitals alone the budget requires $25,326,000, an enforced increase over last year of $5,800,000. Surgeon-General Cummings' report, complained the New Yorkers, "excludes epidemics and, covering only 13 unmentioned States, deals only in mortalities...
...London, 3,000 school teachers planned to march from Thames Embankment to "soapbox corner" in Hyde Park, as a protest against the 15% cut in their salaries under the new budget (see p. 16). They were the first professional group so to demonstrate their discontent...