Decatur Daily Democrat, Volume 50, Number 55, Decatur, Adams County, 5 March 1952 — Page 6
PAGE SIX
Stunned Taxpayers Find Two Increases In Rates
(Editor's Note: Federal income, tax returns are due in 10 days, in Making them out, taxpayers are discovering that in the last 18 months congress enacted not one, but two, increases in individual income tax rates. This dispatch explains how-dt happened.) - Washington, Mar. 5 — (UP) — Complaints are rolling in to the treasury and members of congress from stunned income taxpayers s. niggling with wlfht they regard , as hidden gouges in the 1951 tax . law. Returns must be filed by March 15. Looking at the big increase in their taxes, they figure there has been a mistake somewhere or that congress, and the administration slipped something over on them when they weren’t looking. - ' _ What many are just now finding ent is that in the last, 18 months congress enacted not one, but two individuaf income tax increases. These were; 1. Tax increase of Oct. L 1950 —this ranged, on an annual basis, from 20.5 percent in the lowest income tax bracket to 11.5 percent in the highest. 2. Tax increase of Nov. 1, 1951 — thing ranged, on an annual basis from 11 percent to 12 percent for Most taxpayers—On top of the first increase. .' I \ ' Taken together, the two increases result in the following cumulative total percentage hikes in taxes as compared with preKorean taxes for some sample incomes (married couples with two 5 dependents): 7 »
Public Sale COMPLETE CLOSE OUT SALE REAL ESTATE AND REAL ESTATE AND - PERSONAL PROPERTY PERSONAL PROPERTY Due to ill health I am forced to quit farming and will have a complete close out sale on the farm located Vi mile East of Berne. ltd., to tile mill then 1% mile South, on i' • J Tuesday, March 11, 1952 j . * Sale to begin at 10 A. M. 80—ACRE IMPROVED FARM—BO IMPROVEMENTS: Good 6 room house with enclosed porch ap.d; full basement. Bank barn 36x66 with 24 stauehiOns and drinking cups; .• s il" 10x34; Tool shed 28x56; Corn crib 6x20; Milk house for grade A milk; Wood house 14x16, good drove well and 2 cisterns, and ether buildings. These improvements are all in good repair, and there is electricity in all buildings. LAND: This is a good 80 acre farm, all tillable except 7 acres, of woods pasture. The land lays level to slightly rolling, it is well drained, the crops have been properly rotated and the land is in a good jstate of fertility. There are 13 acres of good wheat on the farm at; the present time that will go with the farm to the nexy buyer. There are 12 acres of new grassier hay this year. -I U>'\ B LOCATION: This farm is well located just 2 milds from Berne and ( - close.to good jchurches, schools, and markets. Youl are invited to inspect this farm at any time before Rale. B FARM WILL SELL AT 12:30 PROMPT. • - TERMS—2O% down on day of sale, balance upon delivery of deed and J abstract of title. z POSSESSION— Possession of land immediately. Full possession on or before April 15, 1952., ~~ PERSONAL PROPERTY I*7—HEAD OF HOLSTEIN CATTLE—I7 T. B. and Bangs Tested Sue —Holstein cow 5 yrs. old, due to freshen by day of sale, aft 8 gal. COW. • ,;•« Flossie —Holstein cow 6 yrs. old, due to freshen by day of sale, a 9 gal. cow. ' Lady—Holstein cow 4 yrs. old, due to freshen March -25, a 7 gal cow. Lily—Holstein cow 8 yrs. old, due to freshen April 21, a 7 gaLcow. _ Spottie—Holstein cow 6 yrs. old, due to freshen May 25. an 8 gftl. cow. Easter —Holstein cow 3 yrs. bld, due to freshen 7, a 6 gal. cow. Queen —Holstein cow 3 yrs. old, due to freshen April 1, a s^'gal. cow. Bqss—Holstein cow 3 yrs. old, due to freshen April 13, a.6 gai cow. Daisy—Holstein cow 3 yrs.old, just fresh and milking 5 gal. a day. Whitey—Holstein heifer due August 12. Holstein Bull 1 year old. 1 C 6 Holstein heifers from 3 month to 12 months old. . : ' AU of these cattle are bred to a good Holstein bull. Anyone interested in good Holstein cattle don’t fail to attend this sale. Inspection invited anytime. MILKING MACHINE AND EQUIPMENT Right Way 2 unit pipe line milking machine with' Ms h.p.fi motor; Ten 10-gal. milk cans; Two wash tanks; and electric hot water heater. 7—HEAD OF HOGS—7 \ Two open sows; 5 feeder shoats weight about 60 lbs. p • HAY, STRAW, GRAIN AND ENSILAGE I* 600 hales of first cutting alfalfa and broom hay; 200 bales of second cutting alfalfa; 200 bales of wheat straw; 200 bu. of corn in ! cHb; 6 acres of corn in field; 350 bu. of good Clinton oats; 45 bu. of Lincoln beans; 40 bu. of wheat; about 6 doors of ensilage in silo. 2 TRACTORS AND FARM MACHINERY h • 1945 Farmali H tractor with starter, lights, oft good • 12” | rubber. This tractor was just overhauled and is in A-l shape; 1945? Farmali B tractor in A-l shape with starter, lights and power lift cultivators; 1 Little Genius two bottom 14” breaking plow; 8 ft. McDeferiftg disk; New Idea 12-A tractor manure spreader on rubber just (newlj 9 ft, McDeeriftg double ciiltipacker-; New Idea tractor 4 bar side rake never .. used; new 32 ft. bale and grain elevator with one horse electric motor (new); 12 hole grain drill with extra extension; rubber tire, wagon with good grain bed; Green crop McDeering hay loader; 8 ft. Graham plow with sweeps, like new; Two bottom 12” Oliyer breaking plow: Massey-Harris manure loader, will fit any tractor; 7 ft. McDeertn? trca’tor mower; New J. D. rotary hoe; tgase 3 section spring tooth harrow: U. S. Standard 6 roll corn shredder; Case 8 inch Hammer;mi.lL hay tedder; 200 gal. tree sprayer, with motor oft rubber tires; knife harrow. TRUCK AND MISCELLANEOUS r 1938 Plymouth pick up truck with stock rack; 300 gal. gas tank on stand with hose; 2 hog houses; 25 ft. rubber belt; 35 ft. canvas belt; 40 rod of fence; gome posts; corn shelter; bob sled; 8 Swiss bplls with straps; tarps; some hand tools; 16 ft. heavy log chains. SOME HOUSEHOLD GOODS; and many, many other articles not mentioned. v |; i TERMS—CASH. Not responsible for accidents* Mr. and Mrs. David P. Neuenschwander Owners Philip Neuenschwander, D. S. Blair and Gerald Strickler, Auctioneers, v C. W. Kent. Sales Mgr. E. W. Baumgartner, Clerk. ’ Lunch will be served. In case of bad weather sale will be held Inside. ’ , CLIP THIS AD. .i : p 5 I ■ ‘ ' / ■ ■ H ' ' IBi
, Taxes Up Net Income Sihce Korea $3,000 33.7 Percent 5,0001 33.7 Percent HM>o(| 30.3 Percent 25,000 27.9 Percent 100.000 22.8 Pelrqent 500.00(1 14.7 Peltjent Due tol the delayed-action fuses on tax laws, some classes of taxpayers’ only now are feeling the Pull effect of the first increase voted back in the fall of 1950 — plus a small bite of the second Increase too’! flow this dejaiyed effect comes hbout will be’ explain-1 ed later in this dispatch* By the same token, some tax-; payers won’t realize the full impact of last fall’s second increase until March, 1953. 'J? t [ The great bulk oif in the lower and middle brackets already are aware of just what both tax increases have done to them. These are the people whoss I inc6me tax bill is wholly or largely met by the withholding levy? The government requires their employers to deduct the tax from .their wages. Each time congress |pjassed a tax increase, it ordered ' an immediate hike in the withholding ratts to make the higher <4xes immediately effective for ’ sjuch persons. ;• People who attempted to file fairly precise advapcb estimates of their taxes on 195| income also have had a pretty good idea of what the 1950 tax inerpase did to them, but have not felt the second increase. But the advance estiihates, although required ) of many
I ■ ? •I' K 1 " il __4 *" a w 'J, L □kF' 1 , —a BP Ifljtl * . -> •*< BBB* ■ efcrjUhftj' *4. FORMATION OF F-94 all-weather fighter-interceptors crosses ice-choked Cook Inlet near Anchorage, Alaska, on a training flight. These fast jet craft carry radar in nose and give round-the-clock protection in al) weather to U. S. bases in Alaska. Radar not only can spot enemy through snow, fog, rain and night, but can aim guns to repel an attack, (MtnuMonal Boundphoto) j ■s" ' ■ I' ’. ' ' ' **?'■. ‘J ' -f f •■ I • ■'' ''’ .! :
1,363 Slot Machines Are Seized By FBI 36 Cities Raided In Four States Washington, Mar. 5 — (UP) — FBI director J. Edgar Hoover announced today that FBI agents have 1,363 slot machines in raids ;jin 36 Wities in Illinois, Ohio, Pennjylavania and South Carolina. It ijvas the second/ raid against illegal gambling machines this vveeki Earlier, machines were seized in Tennessee. Hoover said that in (he South Carolina raids agents arrested Laytdn Molcpmbe. 45, of the HolAmuslement Co., Sumter, S. C., aijd Will am Clifford Ellis, 39, of thie Ellis Amusement Co., Co.umbiH, S. C. A indicated there would be further arrests. of the machines —1.159 — were;seized in Illinois. Raids were conducted at Peoria, Clock' Island, East Ist: Louis, and 15 other Illinois titles. The largest seizure in that Estate was in East St. Louis where 646 machines were confiscated. _ Thirty-thre were confiscated in eastern' Pennsylvania. „ They raised to 375 the number seized in Pennsylvania since the law prohibiting ‘ interstate transportation slot machines and requiring registration of dealers became effective Jan; 2. 1951. Nationwide, since the law became effective, the FBI has made slot machine raids in 35* states and the District of Columbia, seized -I-’,729 machines valued at $3,494jt 5S and arrested 202 persons. A new type of machine, known as the “play-write,” was among those seized today, Hobver said. After the player deposits a coin. Hoover £aid, he writes down a nunijber from one to 1,000 at the top of the piachine nad spins a, reel If the indicator stops on the specified number, a payoff ismade. ‘ ' , . ; ' •’ 1 \ ers who are not fully covered by the | withholding' systeni, do not have to be precise, and indeed in mariy cases could not be precise. So it is only in their final returrs for 1951 that these taxpay, ers cbme up against thp full shock of the first tax increase that was eua’ted in October. 1950 —to saj nothing of part of tlie second increase. i To get the complete picture of whi t has been happening to your tax SB. you have 40 go back to 1945. Congress that year gave all taxpayers a five percent cut from the wartime peak. In 1948, ( the Repub-lican-controlled 80th congress cut again. This cut was made on a sliding scale. - A.s a result of the two reductions, a man whose annual ta|x llufcility was less than S4OO got a 17 percent reduction in 1948. The mail whose liability was between S4O ) and SIOO,OOO got a 17 percent red iction on the first S4OO, plus 12 percent on the amount between S4O) and $100,000: and the man whose liability was more than $10).000 got a reduction' of 9.75 percent on that part of his taxable income in excess of SIOO,OOO. In making those cuts, in other words, congress left the wartime . tax rfates in effect while reducing the amount of tax actually payFjbiu. You first figured what the thx forms called your “tentative”, tax Then you took off a certain percent. That was the result of the tax cuts of 1945 and 1948. Then came June, 1950, the Korean war, and rearmament. Fresident Truman asked for higher taxps. b —~—~- , Special resin glues stick to wood more tightly than wood fibers stick to each other. When such glues are used to bind sheets of wood veqeer together into hardwood plywood. the wood itself will break before the glue joint gives
DAILY DEMOCRAT, DBCATUR, INDIANA
i o • IACK RITTER, Mt. Clemens, Mich., stands proudly with the 43 Expound muskelunge he speared through a hole in Lake St. Clair ice. It took him 20 minutes to land the whopper. (International)
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I Old Time Actor Expires At 62 Philadelphia t March S.—(UP) — Bobby Heath, .62, who started out in vaudeville at the age of eight and the song hit “Pony Boy” in 1910, died in Jefferson hospital yesterday after a brief illness; Heath wrote “Pony Boy” with the Igte Charles. O’Donnell, -composer of the music and a member of a troupe with Heath. O’Donnell died last year in England. • I
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200 Are Expected In 4-H Project Clothing*Project Is Attracting Entries This* week. National 4-H week, about 2(;0 Adams county girls will be enrolling* in clothing projects, one of the most popular of thd 4-H classes along the home economics lines. All 4-H girls planning to enroll are lirged 1 o siudy the outline that is ih t le hands of the adult and junior leaders before making a selection since the clotihng project has new requirements this year. : There will be seven divisions rather than five as. in former years. Beginning girts will make a very simple apron aft’er learning to sew on-tie machine, and will also make a headscarf or tray clnthg, , ; | Second year members will make a skirt for themselvelp and also do hand sewing. The making of the first dreks is in tjre third division, which also will make a .laundry bag, luncheon sei or {garment protectors. The fourth, fifth, sixth and seventh years have several choices available. Adams county clothing members who have been division five will be able to skip division six and go into the seventh; Members may continue in the latter, division for several yaers. choosing different construction problemjs each year, rt-'i Carlsbad Caverns in New Mexico contain the largest roofed room in the world —4,000! fee| by 625 feet by 300 feet. { ' ' .
. GAMBLING (Continued From Pttare <>ne> fopcement officials “take advantage of the • information available through thewoffiee of the collector of internal revnue (on gambling problems).” t “This is emphasized bec/iuse instances of corruption made known to this grand jury are due primarily to gambling interests,” the report said. ?It is recommended that
PUBLIC SALE ’I ”21 HEAD HOLSTEIN DAIRY HEIFERS AND BULLS. . ALL HOME RAISED. H 1 H .i ' i T. B. and Bangs Tested. Also Calfhood Vaccinated. We, the undersigned, will sell our Holsllein Dairy Heifers and bulls on bur farm, located miles east of Bluffton,- at North Entrance of State Park; or 2 miles ea~st of Bluffton, Indiana7<m State Road’ No. 124. then 1 mile; south on State Road No, 216, then % mile east, on Wednesday, March 12,1952 Sale Starting at 1:00 P. M, 14 HEAP SPRINGER HOLSTEIN HEIFERS 14 HEAD BIG HOLSTEIN HEIFERS DUE TO FRESHEN FROM 1 MAISCH 12 to APRIL 20. These heifers dye out of outstanding good 1 dairy cows that milk from 9 gals, of mijk a day. These heifers are bred to outstanding Purebred Bull. ! ! . » t I Holstein heifer, Purebred, coming with her 2nd ealf, due to freshen | soon. W ( 1 Holstein heifer, 2 years old, with calf by side. , 2 Yearling Holstein Helfers. > S Holstein Bulls, 10 months old. ’ i 1 Holstein Bull, eligible to register, 1 year old- ! 1 I '' i • • 1 . /" . TET*MS —CASH, Not case of accidents. David and Amos Neuenschwander J ? Owners h 1 1 ; !i - ■ ■ ‘rn p b ■ n ' 6 t Ellenherger Bros.—Auctioneers Farmers & Merchants Bank —Clerk 1 j ,/ ; 510
■ WEDNESDAY. MARCH 5, 1952
—-—it i i n T.:> , u - whire-vt i? evidence of corruption of local* officials exists that counjy grand juries investigate the problem and take whatever action is necessary?’ ~ —j —i — i Although the Mormon pioneers ! were credited With being the first AnglorSgXons to practice irrigation in farming, the practice was widespread iin western missions and among certain Indian tribes long* : before the pibneers settled Utah.
