Abstract

Finance
Boies, William Justus | September 14, 1918 issue

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Publication of the details of the long-awaited revenue bill has brought the public face to face with the most extraordinary taxation demands of the war period. Under the proposed tax law, the U.S. government will raise $8,182,492,000, collecting enormous sums from both corporation and individuals. The American people will be asked to pay over the largest tax fund ever asked by the government, and, in addition, to subscribe for the largest war loan ever raised by the nation. If the present programme is carried out, the government will probably cover 40 percent, of its war expenses by taxation, depending for the remaining 60 percent.

See Also:

TAXATION -- United States; REVENUE; BILLS, Legislative; FINANCE, Public; WAR; UNITED States
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