Indianapolis Times, Volume 43, Number 214, Indianapolis, Marion County, 15 January 1932 — Page 19

JAN. 15, 1932-

HIGHER INCOME TAX URGED BY FARM LEADER Federation President Also Asks Congress to Lower Exemptions. fill I'nitfl /’re** WASHINGTON, Jan. 15.—A tax program designed to bring in about 11,500,000,000 of additional federal revenue was advocated today on behalf of farmers by Chester H. Gray oi the American Farm Bu r eau Federation. Gray’s proposals, made before the house ways and means committee, included higher income taxes than those proposed in the administration's $920,000,000 tax increase plan and a special levy on income from American investments abroad. Gray estimated these investments totaled $16,000,000,000. Gray would increase the tax on corporate incomes to 15 per cent. The administration proposed a 12% per cent tax. The rate now is 12 per cent. Farmer Little Affected The farm leader also proposed a 10 per cent tax on estates and gifts, which he estimated would yield $1,000,000,000 yearly. He said 80 per cent of the tax should be given the states, leaving the federal government $200,000,000. ‘ Under present conditions of agriculture, increases or decreases in federal income taxes will have little direct pffect on individual farmers,” Gray said. "The average of all individuals reporting in 1930 to the treasury showed an income of $5,100. ‘‘The average for agriculture for the same year tvas $598, according to the agriculture department. It would be better for the nation if agriculture could earn enough to come within the income tax bracket.”

Asks Lower Exemptions Gray agreed with the administration in advocating increased indi- ; vidual t axes, especially in the higher brackets, and a lowering of present exemptions to SI,OOO for a single person and $2,500 for a married person. In defense of lowered exemptions, which would increase the number of taxpayers, Gray said.“ This group of our population should be reached if for no other reason than to develop In it a tax consciousness.” The farm bureau representative opposed special sales taxes suggested by Mellon, especially the proposed automobile manufacturers’ tax. He said sales taxes “lie on the shoulders of the average consumer.” FRATERNITY RITES SET Deceased Beta Phi Sigma Members lo Be Honored. Tribute to deceased members of the two local chapters of Beta Phi Sigma fraternity will be given at a memorial sc-rvice in North Methodist Episcopal church, Thirtyeighth and Illinois streets, at 7:30 Sunday night. A special sermon will be preached by the Rev. Warren W. Wiant, pastor of the church.

—————————mmß—■——mamw bmiiuwi,'—aßßaa S .BEST PURE BEEP Whole or Half Fresh l.ar K e IW w inn CHUCK PORK COUNTRY LAKH ROAST loins eggs hI 5 C 10c 10c 15c m WEE? EB STEAK 15c VEAL :;:;*%%s fj] PORK P,( V,CS 1* HAMBURGER MB! k s/xilY HAMS 12<* PORK SAUSAGE 7/2® Uj CREAMeTy Wh pORK mSU M VEAL d V " y Go °" Butter SHOULDERS ROAST OLEO m 24c sy 2 c ioc bt 9c m 2' AMR KO 'ST lOC SMOKED BEEF TONGUES— I I.EGS 15C SWISS ROAST 12MtC B| CHEESE BR,( K W 4% ft Beef nnd Pork Hearts 7<i rj RIt:AM * *** Elver and Shoulder Banrii..,4c FJ SLICEI) BMALE FANCY No. 4 Quality I m RACAM SMOKED BREAKFAST SMOKED PVI TST* PICNICS BACON HAMS [|^49 e 9%c 12c 14 g I?Tw‘ Tmuofs I C° BNER 1 i®sß i 2407 , E OPEN TILL MIDMKjHT I MicHi-Hotu | VimiKute! | Station SB IP

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Co-Ed Players

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Mary Ellen Shambaugh (upper) and Anna Miller.

Leading roles in a three-act farce, ‘‘Second Childhood,” to be presented by the Indiana Central college chapter of Alpha Psi Omega, dramatic society, in Kephart Memorial auditorium, Jan. 22. have been assigned to Mary Ellen Shambaugh and Anna Miller. Other members of the cast include Louise Arford, Leona Gatewood, Mrs. Hilda Dewsnap, Ghlee Walker, Esther Dickison, Leola Hanson and Christine Dalton. More than ten mothers want a baby carriage or a crib. Two recent ads in The Times pulled that many prospects. Sell yours for cash.

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VERY SPECIAL! Genuine 1932 Spring O r Fryers Lb. FREE DRESSING HOOSIER POULTRY MKT. 107 N. Alabama St. Lincoln 1881 Wholesale prices given to Restaurants, Churches and Clubs

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THE INDIANAPOLIS TIMES

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