Radio: No Laughing Matter

Amos 'n' Andy started it last September when they left NBC and sold their show to CBS for $2,000,000. The Bureau of Internal Revenue examined this complicated deal and agreed that the $2,000,000 was subject to a capital-gains tax (25%) instead of personal income tax (up to 77%).

CBS, dangling the juicy bait of tax savings before other NBC stars, soon made off with Jack Benny. Bing Crosby, Edgar Bergen, Phil Harris, Fibber McGee & Molly, and Red Skelton were reported planning to join the exodus to CBS. This week the tax collector cut the gossip short. He had bad news for...

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