Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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Record #:
30156
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Abstract:
The House has approved a new federal tax law which would increase taxes on items such as automobiles, cigarettes, and gasoline, and lowers taxes on telegrams. However, given that the percentage that each state pays in federal taxes, North Carolina would be paying more in taxes under the new bill.
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Subject(s):
Record #:
30095
Author(s):
Abstract:
There is a bill now under consideration in Congress that will freeze the tax on employer and employee for old-age and survivors benefits at the present rate of 1 percent for 1945. The main reasoning behind the freeze of the Social Security Tax is worry that there is inadequate reserve in the trust funds for the present. If the bill does not pass, there will be an increase to 2 percent.
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Subject(s):