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Word: reductionism (lookup in dictionary) (lookup stats)
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"There is no escaping the fact that when the taxation of large incomes is excessive they tend to disappear. I am not making any argument with the man who believes that 55 per cent ought to be taken away from the $1,000,000 income, or 68 per cent from...

Author: /time Magazine | Title: National Affairs: Expression | 2/18/1924 | See Source »

1) The Ways and Means Committee reported to the House the Mellon tax reduction bill.

Author: /time Magazine | Title: TAXATION: Developments | 2/18/1924 | See Source »

Mellon Bill. By a vote of 15 to 3, the Mellon tax reduction bill was reported out by the Ways and Means Committee. Every Republican voted "Yea," three Democrats voted "No," eight Democrats voted "Present." But it must be noted that all of the Republicans do not favor the measure...

Author: /time Magazine | Title: TAXATION: Developments | 2/18/1924 | See Source »

The bill as reported out is substantially the same as that proposed by Secretary Mellon. The only important changes are that it provides a 25% reduction in the taxes to be paid this year on last year's income, and further defines earned income as everything below $5,000...

Author: /time Magazine | Title: TAXATION: Developments | 2/18/1924 | See Source »

The retailers expressed emphatic approval and endorsement of the Mellon plan for tax reduction, and will send a committee to appear before Congress urging its adoption.

Author: /time Magazine | Title: Business & Finance: Anniversary Sales | 2/18/1924 | See Source »

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