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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Graettinger Times
Location
Graettinger, Iowa, United States of America
Date
Jan 31, 1924
Page
8
A 1921 Treasury table shows total net incomes reported for taxation rising from 46.3 billion in 1916 to 19.58 billion, a 210 percent jump, with those earning 300 thousand dollars or more escaping taxes. The piece discusses tax avoidance by wealthy citizens, citing Mellon figures and implications for federal revenue.
A discussion notes that an 85 percent drop in reported income over 300000 reflects more investment in tax exempt securities than a fall in millionaire wealth. By 1928 tax exempt holdings rose to 41.98 percent of estates over one million, shrinking surtaxes from high earners and forcing the burden onto low and middle incomes. The piece argues tax policy should not favor the rich over the poor.
A doctor claims mereful living could add ten years to the average life for most people, barring pedestrians drivers and bank cashiers. A scientist predicts ten years hence there will be po servant girls, noting he is ten years behind the times.
A garbled passage links a song titled Sweet and Low to early times before high sugar prices. It references a stalled auto and a creek feeding Easy Street, and mocks beliefs about Santa Claus and war debts. The text is incoherent and filled with misprints.
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