Abstract

Finance

Harman, S. Palmer | July 6, 1932 issue

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The article focuses on the new taxes on commodities and services in U.S. In the first class are the taxes an theater admissions, telephone and telegraph messages, stock and bond transfers, electricity, and bank checks. Inelastic price structures in this group prevent an advance in the price, in which the tax could be disguised; instead, the levy will be openly added to the price as a constant reminder to the consumer that he is paying the bill, but equally as a guaranty that he is paying no more than the actual amount levied. In its original farm the tax on electricity was to be borne by the generating companies.

See Also:

TAXATION; FINANCE, Public; COMMERCIAL products; TELEPHONE; TELEGRAPH; ELECTRICITY
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