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LOW INCOME-TAX YIELD INTENSIFIES TAX ISSUE (3/19/39)
Microfiche-New York Times archives, McHenry Library, U.C. Santa Cruz
| 3/19/39
| John H. Crider
Posted on 03/19/2009 4:58:01 AM PDT by Homer_J_Simpson
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TOPICS: History
KEYWORDS: realtime
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To: fredhead; r9etb; PzLdr; dfwgator; Paisan; From many - one.; rockinqsranch; GRRRRR; 2banana; ...
From News of the Week in Review.
2
posted on
03/19/2009 4:59:34 AM PDT
by
Homer_J_Simpson
("Every nation has the government that it deserves." - Joseph de Maistre (1753-1821))
To: Homer_J_Simpson
one thought that went through my mind is how informative this article is. Written today, it would be dumbed downed to a 3rd grade reading level and have a political slant.
3
posted on
03/19/2009 6:39:57 AM PDT
by
PeterPrinciple
( Seeking the truth here folks.)
To: Homer_J_Simpson
About $6 billion of taxes for Fedzilla seventy years ago compared to over $2.5 trillion now. That’s a 417 time increase. Even counting currency devaluation (14.78x) and population increase (2.3x) that is still 12.3 times as much tax per person for the federal government as back then.
4
posted on
03/19/2009 6:40:46 AM PDT
by
KarlInOhio
(Obama: removing the speed limit on the Road to Serfdom)
To: Homer_J_Simpson
Interesting note that the committee recommended lowering the exemption so that lower income people paid part of the tax. Even then total tax revenues were paid mostly by the wealthy.
5
posted on
03/19/2009 6:42:04 AM PDT
by
PeterPrinciple
( Seeking the truth here folks.)
To: Homer_J_Simpson
This was probably the beginning of the discussion on withholding taxes. Think about it. You paid your taxes the year after you earned the income. If you want to institute withholding, how are you going to get people to pay last year's taxes and this years taxes in the same year?
Does anyone remember how they did this? (test time)
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posted on
03/19/2009 6:45:31 AM PDT
by
PeterPrinciple
( Seeking the truth here folks.)
To: PeterPrinciple
Did they exempt a portion of the prior year's income? That is what I got from this site:
http://www.strike-the-root.com/columns/Smith/smith39.html
I thought this was interesting, too.
Government made excellent use of propaganda during the early years of World War II to promote its new tax policies. Disney came out with a film called The New Spirit, in which Donald Duck was told it is "your privilege, not just your duty, but your privilege to help your government by paying your tax and paying it promptly.'" Over 32 million people saw the film in early 1942, and according to a Gallop Poll, 37 percent said it had affected their willingness to pay taxes.
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posted on
03/19/2009 10:46:53 AM PDT
by
Homer_J_Simpson
("Every nation has the government that it deserves." - Joseph de Maistre (1753-1821))
To: Homer_J_Simpson
Did they exempt a portion of the prior year’s income?
Yep, the people were forgiven one years tax. such a deal, which one of us wouldn’t go for that? Af far as the govt was concerned, cash flow was the same or better.
8
posted on
03/19/2009 12:58:34 PM PDT
by
PeterPrinciple
( Seeking the truth here folks.)
To: Homer_J_Simpson
I think most of us here consider FDR's strategic senses in preparing for, leading and winning the Second World War as pretty near the "genius" level.
But when it came to economics, FDR must have been some kind of dolt, as every economic policy seems to have only made the Great Depression linger and deepen.
This article looks typical, in that no-where does it express a sense that the REASON revenues were down in 1938 is because of poor government economic policies.
Sadly, in today's world, our current Democrat leadership seems to have inherited none of FDR's strategic brilliance, and all of his abysmal economic nonsense.
9
posted on
03/21/2009 3:52:47 PM PDT
by
BroJoeK
(a little historical perspective...)
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