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Hungary Taxes

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NEWS
September 20, 1987
Hungary's Parliament overwhelmingly approved the first personal income tax measure and a value-added tax bill as part of a program to improve the Communist nation's faltering economy. The 385-seat Parliament passed the income tax bill with 10 votes against and 21 abstentions. The value-added tax passed with one vote against and three abstentions. The income tax bill would levy taxes of 20% to 60% on personal incomes and the value-added bill would put a 25% tax on a wide range of goods.
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NEWS
September 20, 1987
Hungary's Parliament overwhelmingly approved the first personal income tax measure and a value-added tax bill as part of a program to improve the Communist nation's faltering economy. The 385-seat Parliament passed the income tax bill with 10 votes against and 21 abstentions. The value-added tax passed with one vote against and three abstentions. The income tax bill would levy taxes of 20% to 60% on personal incomes and the value-added bill would put a 25% tax on a wide range of goods.
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BUSINESS
September 7, 1987 | CHARLES T. POWERS, Times Staff Writer
A Hungarian businessman recently described his nation's economy as a once-flashy sports car, regarded in its early days as something of an engineering marvel and gazed at with envy by the neighbors. "Now," he said, "we are pushing it down the street to the mechanics. It needs a big overhaul and it is long overdue."
BUSINESS
September 7, 1987 | CHARLES T. POWERS, Times Staff Writer
A Hungarian businessman recently described his nation's economy as a once-flashy sports car, regarded in its early days as something of an engineering marvel and gazed at with envy by the neighbors. "Now," he said, "we are pushing it down the street to the mechanics. It needs a big overhaul and it is long overdue."
NEWS
January 26, 1989 | DON ALPERT
Question: In going over some of my great grandfather's mementos from Civil War days, I came up with a penny--in good condition--and would like to know its worth. It is dated 1858 and has a flying eagle on the face, United States of America around the edge. The back has the words "one cent" surrounded by a wreath of leaves.--B.H. Answer: You've described the Flying Eagle 1-cent piece. It's a short-lived series, 1856 to 1858. The 1856 cent was actually a pattern with only about 1,000 issued.
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