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Income tax law takes effect with 1 percent levy
Washington reports that the 1 percent corporate tax under the August 5 1909 act becomes effective tomorrow retroactive to year end. Large firms like United States Steel and Standard Oil face sizable payments amid legal challenges and court tests. A New Year fire scare at Pearl Grocery ends without tragedy.
MENTIONED IN THIS ARTICLE
Washington
Congress
United States
Railroads
Interstate Commerce Commission
Internal Revenue Department
Standard Oil Company
Standard Oil
Wall Street
Pearl