Castro Tribute Tax Loss $20,000,000
by Stanley Meisler
Commentary by Stanley Meisler
December 29, 1962
December 1962
Washington D.C.
original articleThe Knoxville Journal (Knoxville, TN)
original articleNo items found.
Exact Cost To US Hard To Determine IRS Official Says - The United States government, through loss of tax revenue, will share substantially in the cost of paying the ransom that brought the 1113 Bay of Pigs prisoners back from Cuba. The exact cost to the treasury and thus to the taxpayers may be impossible to determine. But one official, Mitchell Rogovin of the Internal Revenue Service, estimated today that the tax loss, at the highest, could reach $20,000,000 spread over three years. Rogovin added in an interview that the loss could be less. And he stressed he considered it a loss only in the sense that every time there is a disaster relief or community chest drive, the government loses tax revenue through income tax deductions...
Exact Cost To US Hard To Determine IRS Official Says - The United States government, through loss of tax revenue, will share substantially in the cost of paying the ransom that brought the 1113 Bay of Pigs prisoners back from Cuba. The exact cost to the treasury and thus to the taxpayers may be impossible to determine. But one official, Mitchell Rogovin of the Internal Revenue Service, estimated today that the tax loss, at the highest, could reach $20,000,000 spread over three years. Rogovin added in an interview that the loss could be less. And he stressed he considered it a loss only in the sense that every time there is a disaster relief or community chest drive, the government loses tax revenue through income tax deductions...
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