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Home > History and Archaeology > History > War Costs and Their Financing; A Study of the Financing of the War and the After-War Problems of Debt and Taxation
War Costs and Their Financing; A Study of the Financing of the War and the After-War Problems of Debt and Taxation

War Costs and Their Financing; A Study of the Financing of the War and the After-War Problems of Debt and Taxation


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 Excerpt: ...would bring in about $150,000,000 a year. The year 1916 was marked by the introduction into Russia of two noteworthy taxes. The first of these, the war profits tax, was a real war tax. By a decree of May 16, 1916, a temporary tax for 1916 and 1917 was imposed on the excess profits of commercial and industrial undertakings and personal industrial earnings. Profits of less than eight per cent. of the authorized capital were exempt from the tax on excess profits. Those ahove this rate were subject to a progressive tax which ranged from 20 per cent. to 40 per cent. The earnings from personal industrial vocations were taxed at the rate of 20 per cent. on all profits above $250. The second tax, the introduction of which into Russia was made possible by the war though it was not so distinctly a war tax, was the income tax. This was made law in October, 1916, but was not to come into operation until January 1, 1917. The tax was graduated on all incomes over $425 a year, beginning with one per cent. on that amount and increasing to 12.5 per cent. on incomes of $200,000 or over. It was estimated that the income tax would yield $20,000,000 per annum. These two taxes affected only the well-to-do and the industrial classes. If the revenues from taxation were to be increased largely, it would be necessary to reach the incomes of those in the exempt classes, that is, the peasants in general. Previously they had been reached by means of the vodka monopoly, and now plans were suggested for an increase in the tax on sugar, the consumption of which had increased greatly. The taxes just described, which were to have gone into effect in 1917, were never really enforced because of the outbreak of the revolution in March of that year. The war profits tax met with serious oppositi...


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Product Details
  • ISBN-13: 9781231204375
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 148
  • Spine Width: 8 mm
  • Width: 189 mm
  • ISBN-10: 1231204370
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 277 gr

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War Costs and Their Financing; A Study of the Financing of the War and the After-War Problems of Debt and Taxation
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