Hoover Budget Pushes 21 4 Percent Federal Manufactures Tax
The article reports President Hoover urging Congress to adopt a 21 4 percent federal sales tax on manufactured goods with no food exemptions. It argues this tax should be uniform nationwide to avoid double taxation by states and outlines possible methods to distribute excess revenue to states, referencing Roosevelt’s support.
MENTIONED IN THIS ARTICLE
Hoover
Congress
Mississippi
Internal Revenue Department
Roosevelt
Florida
New York
Distribution Of The Sales Tax And State Returns
The piece analyzes a 1929 2 percent federal sales tax and how 71 percent returned to states would distribute about 1.06 billion to states with the federal government retaining 25 percent. It uses Florida and Mississippi examples and argues for a federal tax sharing plan to avoid interstate inequalities. It notes existing state inheritance tax credits and suggests a sales tax law returning funds to states.
MENTIONED IN THIS ARTICLE
United States
Hoover
Florida
Mississippi
Federal and State Tax Conflicts Prompt Revisions
The article argues for a balanced tax system between federal and state levels. It notes Florida’s shift to qualify for federal tax credits and proposes a federal tax approach that avoids inequities by reserving state rights to tax articles not covered by a federal tax.
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Roanoke Rapids Herald
Roanoke Rapids
North Carolina
Halifax County
Boeikidt
G. C. Willings
Pensacola
Fla
Mr. Willing
Albert T. Reid
Roanoke Rapids Building & Loan Assoc
W. Second Street
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