TAXATION: Reducing

Some ladies protest. Say they: "I can reduce my diet but I can't reduce my figure." Some gentleman have scoffed. But the ladies may justify their assertion with some show of cogency by pointing to some figures issued by the Treasury last week.

In 1924, the Federal Government greatly reduced taxation. The result should have shown in the revenue for the fiscal year just ended (1924-25). It showed—but showed very little. Taxation had been reduced—but taxes had decreased very little. The figures for the taxes paid during the last two years, before...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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