TAXES: The Tithe that Grinds

TAX (taks), v.t. [OF. taxer, fr. L. taxare to touch sharply.] —Webster's

From Washington last week came the touching news that U.S. taxpayers had been touched, in fiscal 1956, to the sharp tune of $75.1 billion—13% more than the $66.3 billion they paid in federal taxes the year before. Naturally, said Internal Revenue Commissioner Russell C. Harrington, the increase could be attributed largely to higher levels of personal and corporate income, a fact from which few could recoil or take comfort.

Ever aware of the necessity to make taxpaying as painless as possible,* the I.R.S. also announced a new timesaving device....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!