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Updated: April 30, 2025
Slightly over half of this amount, or 800 million dollars, will be accessory to the simplified pay-as-you-go method of tax collection, and will be the result of overwithholding and over declaration of expected income. Most of the remainder will arise from loss and excess-profits credit carrybacks, recomputed amortization on war plants, and special relief from the excess profits tax.
I ain't the man to squeal when I get let in on a bad deal, and the chap who can work me for a sucker is entitled to all he can make. But this pay-as-you-go business is too slow and troublesome. What'll you take for the rest of the grub in the locker there, spot cash? Be white, and make a fair price. "I'd been expectin' somethin' like this, and I was ready for him.
Slightly over half of this amount, or 800 million dollars, will be accessory to the simplified pay-as-you-go method of tax collection, and will be the result of overwithholding and over declaration of expected income. Most of the remainder will arise from loss and excess-profits credit carrybacks, recomputed amortization on war plants, and special relief from the excess profits tax.
Though controversial, the budget agreement finally put the Federal Government on a pay-as-you-go basis, and cut the growth of debt by nearly $500 billion. And that frees funds for saving and job-creating investment. Now, let's do more.
Though controversial, the budget agreement finally put the Federal Government on a pay-as-you-go basis, and cut the growth of debt by nearly $500 billion. And that frees funds for saving and job-creating investment. Now, let's do more.
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