In debt-ridden New York City last week, Comptroller Joseph D. McGoldrick had the painful duty of explaining how the new municipal sales tax would work: 2% on all retail sales except food, prescribed drugs, newspapers and periodicals. To be raised was some $40,000,000 which would help pay banks for advances for jobless relief. New York's sales tax was notification that the desperate city had come to the end of its tax tether.
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