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Show i The Double-Taxation Racket ! Not content with taxes as they are, Washington bureau- i crats have discovered a way to tax people twice. This com-! com-! paves with their achievement of a few years ago, when they discovered a way to punish people twice for the same offense. of-fense. Under recent treasury rulings, federal taxes paid on i.utomobiles, gasoline, tires,, candy, sport goods, radios, jewelry jew-elry and beverages cannot be deducted from "gross income" in figuring income tax. So people who buy these things pay a tax on top of a tax. The treasury department, with fine humor, says that these taxes are "absorbed by the manufacturer," and not paid by the purchaser. Oh, yeah? |