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...sales tax on every article of trade. During the War and after, the U. S. taxed a variety of luxury commodities from automobiles and candy to cigar holders and Mah-Jongg sets. The Reed plan would tax everything. The sale of a $6 pair of shoes would net the Treasury 3?. Senator Reed estimated such a tax, bitterly opposed by retailers, would net the U. S. $2,000,000,000 per year or about half of its operating costs...

Author: /time Magazine | Title: FISCAL: New Taxes for Old | 9/21/1931 | See Source »

...statement that the 'rich are getting richer and the poor are getting poorer.' . . . The number of taxpayers has steadily decreased, indicating the unsatisfactory distribution of profits among individuals. The only class which reaped substantial profits from 1925 to 1929 consisted of 14,700 individuals with net incomes above $100,000. ... It seems obvious that these individuals should bear the bulk of any increased tax burden...

Author: /time Magazine | Title: FISCAL: New Taxes for Old | 9/21/1931 | See Source »

...lively girl named Mary Ewing Outerbridge paid a visit to Bermuda. There British Army officers taught her a game which was becoming a polite fad in England. When she returned to the U. S., Mary Outerbridge brought with her a net suitable for minnow-fishing, several strange-looking, gut-strung bats and a rule book. She had her net pegged up on the grounds of the Staten Island Cricket & Baseball Club, set about teaching her family how to play tennis. Seven years later, when the game was being played at 33 U. S. clubs, her brother, Eugenius H. Outerbridge, helped...

Author: /time Magazine | Title: Sport: Jubilee | 9/21/1931 | See Source »

Traffic in the Ausable valley has, however, grown no heavier. Last week the Public Service Commission, looking no doubt at D&H's net operating income ($1,585.000 for the first seven months this year against $2,663.000 last) took pity and reversed its decision. Passengers up Ausable valley must now travel by omnibus along the fine concrete highway that parallels the rails...

Author: /time Magazine | Title: Business & Finance: Ausable Upshot | 9/7/1931 | See Source »

...McCormick, inspecting his Paris branch, had other things to think of beside blackboards. He learned that his European paper had been wizened to its winter size (eight and twelve pages) all summer, that the competing U.S. daily, the Paris Herald, had been light too but was distributing 34,000 net paid copies to the Tribune's padded 14,000. Publisher McCormick was reported planning a shakeup...

Author: /time Magazine | Title: The Press: Odds & Ends: Aug. 31, 1931 | 8/31/1931 | See Source »

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