Indianapolis Times, Volume 37, Number 263, Indianapolis, Marion County, 5 March 1926 — Page 7

MARCH 5, 1926

BY TAX SLASH Vhey Live Mostly in East —Only One Hoosier * Affected. Times Washinntrm Bureau. 1322 Xeio York Avenue WASHINGTON, March s.—Ti government’s taxation policies fro; 1922 to 1926 have saved to corpora liona and private individuals o, great wealth more than $3,000,000. 000, one-seventh of the national debt, according to the People’s Legislative Service, maintained in Wash ington by labor and farm organizations. The estimate is made from the official reports of the Bureau of Internal Revenue. It includes the

{foAS Bargain Basement! IP Every Day A Sale Day j s 1 *. -;.:ty uu, ■ ■ 'or" I 1 '& v " "tar- u j SM

29-37 North Illinois Street

Saturday! The Sale You Have Eagerly Been Awaiting We Can’t Over-Emphasize Their True Value FLAT CREPES! \j j ( GEORGETTES! y|| Love/y j li | It seems incredible that they are offered at only $10! Each model I -J Colors j is a picture of delightful styling—each one smarter than the / '5 and IV| other. $lO doesn’t even begin to tell you what each dress is actual- Oh Styles 1 y worth—but you’ll recognize them as higher priced models instantly! ♦ 1 ; ♦ ' A Marvelous Saving Opportunity! A QQ NEW SPRING COATS lflr Exceptionally Low Priced JL & Blanket Coats, Regularly $15.00 Value. Special Saturday, $2.00 . \ Stirring Sale Saturday! 350 New Spring Hats Among the Styles J fr . Gigolas, cloches, ' \\ aright teas. Blue,, ■ - poke, off-the-face, ( N tan,, greens, brown,. B crow „,. grays, pinks, black. VALUES EXTRAORDINARY!! These are the sort of hats that appeal to the women who know the i bettel’ things in mode. The variety of styles is notable, so that J every choice made means the best sort of satisfaction. / r 1 j/ \q RINK’S, BARGAIN BASEMENT. I I i(

effect of the 1926 tax law recently passed. _ In reduction of surtaxes on incomes of more than $50,000 alone, enjoyed only by 17,997 persons, the savings has been $822,000,000 in the period, it is estimated. Contrast Shown This contrasts with a saving in income taxes to the 6,624,000 taxpayers listed as making less than $5,000 a year of only a little more than $140,000,000. “With just one more tax reduction like this one of 1926 the graduated tax system, under which taxes are placed according to the ability to pay, will be wiped out entirely \nd a system will be in effect which ill rest with equal weight upon ihn Jones, the laborer, ,and John >. Rockefeller, Jr., the richest man ■i the world,” the statement says. “The revenue bill of 1926—the coalition bill —represents the latest stage of a great campaign inaugurated in 1921 to destroy the graduated system and relieve great wealth from paying its fair share of the burdens of government.”

Milk, Not Rouge, Needed

S HERE’S a tinge of rouge in every milk bottle. That’s the message to the women of Indianapolis from Dr. Herman G. Morgan, city health officer. If most women would drink milk, they would need no rouge,” Dr. ' Morgan said. “Physicians know that milk rarely puts the

Senator Mowell of Nebraska estimates that the 1926 tax bill will save $230,000,000 to 5,694 persons with incomes of more than SIOO,OOO a year and only $171,500,0000 to all other taxpayers, estimated at 4,000,000, the statement says. New Yorkers Benefit It is pointed out that of the 215 persons with incomes of more than $500,000, eighty-three live in Ney York and thirty-one in Pennsylvania, a total of 114', more than half. Sur-

THE INDIANAPOLIS TIMES

bloom in cheeks in these days of artificial decoration.” Dr. Morgan said milk is the ideal food, containing all elements of health for the young, middle-aged And old. Doctors, he said, easily recognize the adults who have drunk the proper proportion of milk when children.

taxes of these 215 persons are cut 50 per cent by the new tax bill. In twenty-five states, including Kentucky, Nebraska, New Mexico, Oklahoma, Oregon, Tennessee, Texas and Washington, not a single tax payer lives who will receive the benefit of the 50 per cent surtax cut. In each of seven states, including Colporado, Indiana, Minnesota and Maryland, only one taxpayer lived who got the benefit of the cut. Alabama has two. California, five; Ohio, twelve.

29-37 North Illinois Street

“The estate tax and the graduated income tax are the only revenue measures by which there is any readjustment of the great wealth drained away from the western and southern states and concentrated in the hands of the multimillionaires who live in the East or in Europe,” it continues. “The wealth flows from the farms, the mines and the - factories in the form of dividends, interest and royal-

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ties. It cannot be taxed by the states in which it is created. They can obtain benefits only as it is taxed by the Federal Government."

FEET HURT? FREE Picture Made Dr. Scholl Expert Here Corrects Foot Troubles. Correct Shoes Fitted. 1546 N. Illinois St.

QEE JEWELRY Cdl IS N 111. Bt.—Clnypool Hofrl Bldg —Jewelry on Credit W

SAVE)IF UR 25% ( 4370 B c 4 denu ' (COAT

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