New Deal campaigners have said a great deal in general about the blessings of the Government's Old-Age Pension Law, practically nothing in particular about the tax feature of that act. Beginning Jan. 1 a tax of 1% per year will be levied on the pay of every U. S. wage earner, great & small.* An equal amount will also be collected by the Treasury from the employer. Example: A factory superintendent 40 years old makes $3,000 per year; his annual tax to begin with will be $30 (1% of $3,000); the factory management must...
To continue reading:
or
Log-In
