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...Debated, amended and finally passed the Tax Reduction Bill, embodying the Simmons (Democratic) surtax rates (40% maximum...

Author: /time Magazine | Title: CONGRESS: The Legislative Week May 19, 1924 | 5/19/1924 | See Source »

...Corporation taxes, 9% on corporate earnings and ¼% on undistributed profits above 10% increasing to a maximum of 40% on undistributed profits over 60% (Senate), or flat tax of 12½% on corporate earnings (House...

Author: /time Magazine | Title: TAXATION: Altered and Passed | 5/19/1924 | See Source »

...House, the bill was passed after the regular Republicans had compromised with their own left wing. In order to do this it was necessary to raise surtaxes to a maximum of 37½%, but the bill as it passed was essentially a Republican bill...

Author: /time Magazine | Title: TAXATION: Altered and Passed | 5/19/1924 | See Source »

...Inheritance and estate taxes, beginning at 1% on amounts (received by each beneficiary) not in excess of $25,000 and advancing to ft maximum of 36% at $5,000,000 (Senate), or beginning with 1% (on entire estates) in excess of $50,000 and advancing to 40% on $10,000,000 and more (House...

Author: /time Magazine | Title: TAXATION: Altered and Passed | 5/19/1924 | See Source »

...maximum membership which the University representation will be permitted to reach, is 100 men. Last year some 30 men attended, and already this year over 20 have applied and expressed their intention to go to the Conference...

Author: NO WRITER ATTRIBUTED | Title: FIND BIG INTEREST IN SILVER BAY CONVENTION | 5/12/1924 | See Source »

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