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Story
January 12, 1943
The Key West Citizen
Key West, Monroe County, Florida
What is this article about?
Senator Clark of Missouri proposes the Ruml 'pay as you earn' tax plan to eliminate last year's taxes and add a 19% Victory tax on incomes over $624, boosting collections to nearly 100% amid WWII efforts.
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CLARK FAVORS
NEW TAX PLAN
WOULD WIPE OUT TAXATION
FOR LAST YEAR: URGES
FURTHER VICTORY TAX
(By Associated Press)
WASHINGTON. Jan. 12.-Senator Clark, of Missouri, today sponsored the Ruml "pay as you earn" plan, and declared he favored wiping out last year's taxes and imposing a further Victory tax of 19 per cent on all salaries and wages above the present $624 yearly earnings.
The advance would place a tax, added to the present Victory tax, of 24 per cent on incomes in the lower brackets. The percentage on incomes in the higher brackets gradually increase as they do under the present taxing system.
If the government should adopt the Ruml plan, Senator Clark asserted, it would be assured of practically 100 per cent in collections, whereas, under the present plan, many people have not the money to meet the levies against them and own no property against which the government can file liens.
NEW TAX PLAN
WOULD WIPE OUT TAXATION
FOR LAST YEAR: URGES
FURTHER VICTORY TAX
(By Associated Press)
WASHINGTON. Jan. 12.-Senator Clark, of Missouri, today sponsored the Ruml "pay as you earn" plan, and declared he favored wiping out last year's taxes and imposing a further Victory tax of 19 per cent on all salaries and wages above the present $624 yearly earnings.
The advance would place a tax, added to the present Victory tax, of 24 per cent on incomes in the lower brackets. The percentage on incomes in the higher brackets gradually increase as they do under the present taxing system.
If the government should adopt the Ruml plan, Senator Clark asserted, it would be assured of practically 100 per cent in collections, whereas, under the present plan, many people have not the money to meet the levies against them and own no property against which the government can file liens.
What sub-type of article is it?
Historical Event
What keywords are associated?
Tax Plan
Ruml Plan
Victory Tax
Senator Clark
Pay As You Earn
What entities or persons were involved?
Senator Clark
Where did it happen?
Washington
Story Details
Key Persons
Senator Clark
Location
Washington
Event Date
Jan. 12
Story Details
Senator Clark of Missouri sponsors the Ruml 'pay as you earn' plan, favoring wiping out last year's taxes and imposing an additional 19 percent Victory tax on salaries and wages above $624 yearly, resulting in a 24 percent tax on lower brackets and higher percentages for upper brackets, ensuring nearly 100 percent collections compared to current issues.