Something new was deducted from the nation's paychecks last week: the 5% "victory tax" invented by Congress as a compromise approach to forced savings, sales taxes and still higher income taxes.
The tax must be withheld by employers on all earnings over $12 a week. (Farm hands and domestic workers will not have the tax deducted, but must settle with the Treasury next year.) It will cast the first income-tax cloud over many a new-rich war worker: an estimated 49,000,000 persons will have to pay it. But for all taxpayers, it has a...
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