Word: reductionism
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5) Its Proponents. "There are 13,600,000 people in this country who pay taxes on incomes less than $10,000; there are only 330,000 who pay taxes on incomes over $10,000. The men who pay on income of $250,000 will save under the so-called 'Mellon...
2) Its Compatibility with Tax-Reduction. "We can reduce all of the taxes now existing on incomes under $10,000 exactly as in the plan presented and we can reduce other taxes in some degree, and we also can keep our promise to pay the soldiers their due."
Earned Income. Present law: no reduction in tax. Mellon Plan: 25% reduction. Democratic Plan: 33 1/3% reduction. Insurgent Plan: 25% reduction.
There follows a comparison of the chief features, three plans for tax reduction with the present income taxes.
The abnormal conditions in the shipping industry all over the world, as well as the cut-throat competitive reduction in freight rates, forced the failure of the New York and Cuba Mail Steamship Co., better known as the "Ward Line." Liabilities of the Company are estimated at $2,000,000...