61. Most governments manipulated tax rates and government expenditure to influence the overall level of spending in the economy. 62. Tax rates were applicable to the total household income derived from agricultural production divided by the number of members in the household who depended primarily on agricultural production. 63. During this first stage tax rates were steeply progressive from three percent on a hundred and fifty per capita per annum to forty two percent. 64. Also today, Finance Minister Mitsuzuka and Toyota Motor Corp. Chairman Shoichiro Toyoda backed a cut in corporate tax rates to boost the economy. 65. AMD noted that fourth-quarter income benefited from a lower tax rate. 66. An unusually low tax rate, along with lower interest expense and higher interest income, made up some of the profit lost from film sales. 67. Analysts credited management with steering Kodak through those troubling events in part by running its plants more efficiently and securing a lower tax rate. 68. Analysts expect Continental to report a decline in first-quarter earnings later this month, as a higher tax rate offsets a rise in traffic for the quarter. 69. And as tax cutting has become a national priority, states have felt pressure to reduce tax rates to remain competitive with their neighbors. 70. Analysts attributed the jump in earnings largely to higher-than-expected interest income, a more favorable tax rate and other nonoperating contributors. |