ITALY: The Horror of Taxes

In Italy the income-tax law is about as popular, and as enforceable, as Prohibition used to be in the U.S. Out of 47 million Italians, barely a million admit to any taxable income at all; of the million, only a handful admit to making more than 5,000,000 lire ($8,000) a year. In 1954 Gina Lollobrigida, one of Italy's most conspicuous assets, reported an income of but $4,800. The tax collectors' estimate of her income: $40,000. When Textile Manufacturer Gaetano Marzotto once owned to an income of $704,000, Rome's Il Tempo suggested that "statues be built to him and...

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