Word: turnoveritis
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1) Reduction of a few taxes, but an increase in the "turnover tax" on all transactions except sales of staple foodstuffs from .85% to 2%.
Evidence against Capone and his followers had been gathered by Prohibition agents with the co-operation of the same agents who dug up the grounds for his tax evasion indictment. Their facts and figures had the sound of Big Business. The Capone beer syndicate, they found, had a daily turnover...
The present Mayor of Baltimore, Republican William Frederick Broening, no candidate for reelection, carried his city by 20,000 votes in 1927. Herbert Hoover won it the next year by 10,000. Last week's huge Democratic turnover made Democratic national headquarters in Washington dizzy with delight. Executive Chairman...
The March 16 turnover fairly illustrates the operation. Last month Undersecretary of the Treasury Ogden Livingston Mills summoned his department experts to conference, began going over the Government's financial requirements. On the debit side they listed:
After many weeks of cogitation and cautious explanation, the New York Stock Exchange last week raised a phrase of Wall Street's vocabulary from obscurity to national import and significance. The phrase: Secondary Distribution. Basic in the Exchange's structure has been the principle that members receive commissions...