BIG AMERICAN SURPLUS.
INCOME TAX TO BE REDUCED. A £IOOO EXEMPTION. J- .* -s 1 f WASHINGTON, June 23. ' The American income tax will afjain ba reduced, according to President Coolidge's preliminary Budget announcement. The President said that he proposed in continue his policy -of constructive ; economy, despite criticism fcy big busk ness interests. The surplus for the next fiscal year, * said the President, wculd be £60,000,000, \ and taxes would virtually ba. - removed from incomes below £IOOO a jfciir. • •
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New Zealand Herald, Volume LXII, Issue 19061, 4 July 1925, Page 11
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78BIG AMERICAN SURPLUS. New Zealand Herald, Volume LXII, Issue 19061, 4 July 1925, Page 11
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