Retailing: Uncle Sam Wants You--To Buy Something

While filling out his own federal tax return before he turned to the job of supervising the scrutiny of 67 million others, Internal Revenue Commissioner Sheldon S. Cohen had a happy experience. Sheldon Cohen, tax collector, it turned out, owed Sheldon Cohen, tax payer, a $43 refund. Under the rates introduced last year, Collector Cohen will also owe rebates to many another tax payer this year, and the thought makes Government economists almost rapturous. They figure that all the returned money will help start the U.S. consumer spending again, and thereby get the economy out of its present stall.


Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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