Indianapolis Times, Indianapolis, Marion County, 11 September 1942 — Page 10

WASHINGTON, Sent. 11 U. Py: The sehate ris amount Coho cet. Present ¢ x=

committee indicated today that it would ignore President emptions, which include, persons. on Roosevelt's request for high bracket income taxes to: put ‘a[éovernment business and _sefvics-

men on Jiuslough, - would be re-

top limit of $25,000 on the amount of annual income any, ied

individual might retain.

‘The committee has completed action on individual rates!cent tax on international telephone’

Retention of the present 10 per|

in the house-approved revenue bill and hopes to dispose of and telegraph communications, in

remaining minor and tomorrow.

echnical amendments today ‘and|preference to an increase to 15 per

cent voted by the Louse. Retention of the house tax of

Asked: whether any attempt would be made to include $7 per barrel on beer, in preference

to $8 proposed by the treasury. The

pense in 1943 Prompts © Treasury Stand.

By. ‘LYLE C. WILSON . United Press Stal Correspondent : WASHINGTON, Sept, 11.—President Roosevelt's estimate of $100,000,000,000 as the 1943 cost of war and government gave. ‘spectacular

Estimated 100 Billion X=

them away from Odessa, for ex-

emphasis today to treasury demand for compulsory savings in addition]:

the proposed. $25,000 top lim- the additional ‘5 per cent “victory” present beer tax is $6 per barrel.

it, Cairman Walter F. George| ox on the lowest bracket of tax- S{ ample, a day before the beleaguered

city fell. Only groups of de-|

(D. G): ‘told reporters:

**Look at those rates: and you will gee that not many will be able to

keep more than $25,000 Examples Given

Tax tables prepared by the treasury indicated that under the new

payers. Instead of paying 24 cents

‘| payer would contribute 21 cents.

bit. higher than proposed in th

high rates proposed by the senate |l®use bill, until at $8000 the ad

committee a married man with two dependents whose net income—be-|Surtax

rates

fore deductions for personal ex-|from that point to a ‘top of 82 pe . emptions but after deductions for|cent on highest bracket income.

contributions, taxes, interest paid, bad debts, etc.—amounted to $50,000 "a year, would pay $26,636 in federal

income taxes, leaving him $23,354.

in federal income ‘tax out: of his first dollar of taxable income, under the senate surtax rates: the tax-

But after paying on $500 at the lower. rate, his, tax would jump 8

justment would be removed. The leap progressively

20,000-MILE BUTYL TIRES PREDICTED

- BUFFALO, N. Y., Sept. 11 (U., P.). e | —Tires made wholly of butyl rubber - | and manufactured with present rubber” factory equipment, will have a life of 20,000 miles, two New Jersey scientists told the American Chem-

The net effect is to ease the sur-{ical society today. tax burden on single. persons with income up to $1500. For a mar-jof Elizabeth, N. J., revealed that inried man the benefit: would disap- | ner tubes made of butyl rubber have

J. W. Haworth and F. P. Baldwin

ut persons with incomes slightly | pear in the 2500 to $3000 bracket |been shown satisfactory for light to

ve that

retain $25,000 or more.

level—including Mr. oosevelt, whose salary as president is $75,000 a year—would be able to

to $4000 bracket.

and for a married man with two|medium duty truck and bus service, dependents the advantage would be|and other laboratory tests have ingone after he had reached the $3000 dicated that butyl will be adaptable

for most types of services where

to other unprecedented taxation. Secretary of the Treasury Henry Morgenthau Jr., accepted *“compulsory saving” as a proper description of treasury objectives for the first time in a press corference in which he told questioners that prevention of inflation was as vital a job for

War. i Mr. . Roosevelt's $100,000,000,000 estimate of 1943 expenditures was buried in his statements on prices and inflation this week and was

is fantastically large but there is no doubt here that it will be, raised and spent on schedule. : Disagreement = develops around methods of raising the money and the extent to which it should come from taxes, voluntary subscriptions

. : / : ge his ' department ‘as’ financing - the talked With Nazi jssars

not ‘generally remarked. The sum.

perts in. ‘Berlin.

by both neutral and { German

In the Ukraine, there was—and —~ Industrial certainly still is—an acute shortage ‘Nikolaiev and other points had been |. of ‘both agricultural and industrial | completely sabotaged. manyower, and sabotage of ‘both farm and factory machinery wasigreat streams of labor onto the neral. In some localities where 1 black earth of the Ukraine and the| . t | oil-soaked = Caucasus, both regions} over to run the conquered poh ‘would be -an exploiter’s dream of lectives as best they could, and, through interpreters, with Russian | herself has such a shortage “of peasants, there were primarily only labor that a bottleneck has: dewomen and children to harvest and veloped ‘which, ‘according to late sow with hand equipment. The | radio reports, has necessitated: the able-bodied men had been removed | calling of an experts’ conference in by tens of thousands from farms | Berlin today to deal with the diand factories when the Russians re-|lemma, especially mobilization of treated, or were in the Soviet aght- labor in occupied countries.

X-| jected civilians were being led away

as prisoners when our. party ar--machinery at

If the Nazis were unable to pump

paradise come true. But Germany

Because of the slightly Increased [natural rubber now is being used. |to-government issues and compulTechnical problems of characteris- | sory savings.

1/WOMEN TO HEAR TYNDALL TALK|

Keynote fo Be Delivered] Tuesday at Claypool to G. 0. P. Group.

Gen. Robert H. Tyndall, G. O. P. nominee for mayor, will deliver his keynote speech at a meeting of Republican . women in the Riley room of the Claypool hotel at 2 p. m. Tuesday, County Chairman 1Henry E. Ostrom said today. - The meeting will be sponsored jointly by the county organization and: the Tyndall Victory Volunteers, of which Mrs. Clarence R. Martin is: chairman. State and other city] and’ county Republican candidates Senate - are expected. 34

Headquarters Opened

Several hundred party workers attended the formal opening of Re- : publican: headquarters, 20 E. Ohio :|st., last night. ' Speakers included ‘| Gen; Tyndall, Chairman Ostrom, ‘| Herman C. Wolff, Joseph J. Daniels, “| 11th ‘district chairman; Charles W. Jewett, James ‘- M: Givens, state treasurer, who made the principal address; Mrs. Fern Norris, ‘11th district: vice chairman; Mrs. Agnes 8 M. Todd, county vice.chairman, and 4,652,038 |the Rev. John Alexander, ‘Bethel MARRIED PERSONS—NO DEPENDENTS |A. M. E. church, who proxounced Net Income House Bille Senate Bil the invocation. : 700 Laan | 8ix young women sold U.:S. war|: ad . 1} [bonds and stamps during the meet5 18 ling. Miss Anna B. Feely was chair‘2 o (man of ‘the group. Community is singing was led by A. Jack Tilson,| - 405 412 [nominee for county" clerk, with 4 . 888 | parry Bason at the piano. : ite Tyndall Charges Bungling

The tables showed. that a married man with two dependents and a net|burden on persons above these inincome of $100,000 would have $31,-/come levels, the changes will add |tics and adaptations of the various Spending Tops Forecast 939 left after paying federal income about $33,000,000 to the yield of the forms of synthetic rubber occupied Last Jan. 5, Mr. Roosevelt ‘told taxes; the $500,000 man would have|pill. Other changes made late yes- thé society today, the last of .its{congress he planned to spend $58,$50,806 left;. the $1,000,000 man|terday involved ,revenue increases|five-day discussion program of {927,000,000 in the current fiscal year would have $02,029 remaining; and|gggregating an additional $40,000,- | chemistry’s role in the war effort. which began last July 1 and that anyone earning $5,000,000 a year|gop. They included: in the 18 months beginning last] | * would give Uncle Sam all but $340,-| An increase in the tax on rail-| . BOY PREACHER HERE January he expected to spend $77, 806. road, bus and airplane travel to 15| A. 10-year-old Chicago boy preach- | 000,000,000. : . ‘The senate committee's final ac-|per cent on fares end 20 per cent|er, Emmanuel Nelson, will preach| The treasury ‘estimates now that tion on individual rates was adop-|on berths and seats to discourage |every night at 7:30 o'clock through spending in the 12 months of this tion of a new surtax®schedule de-|civilian travel. The present trans-{next Thursday at. the Church of fiscal year will amount to $77,000,-

signed to cushion the impact of|portation tax is 5 per cent of thelGod in Christ, 558 Indiana ave. . 000,000. And at the outside there is - - . - 5 no estimate of more than $27,000.-

: iy a : : ~ |000,000 in tax revenue in 1943. ConSad : : gressional agreement to that sum X | remains to be obtained. . But if congress enacts a $27,000,000,000 tax bill, including the sum to be raised by compulsory savings, the treasury would expect to raise the remaining funds to be spent in this fiscal year from sale of war bonds and other obligations. And voluntary subscriptions for war bonds are budgeted at $12,000,000,000—an average of $1,000,000,000 a month.

Tax Tables

Here’s What You May Pay in 1943 Under, - ‘Victory’ Plans.

WASHINGTON, Sept. 11 (U. P.) —The following tables compare the! new income tax liabilities approved by’ the senate finance committee with those approved by the house, -They combine the new 5 per cent “victory” tax after post-war credit with the house and senate regular income tax rates. The house figures, however, use senate. exemption rates. Net income, ‘used as the base, is income before deductions for personal exemptions but after de=ductions for taxes, interest paid, losses, bad debts, contributions, ete.

rr ae AR EAS EAR SEARS EIEN RE ARTA SESE ARNE SR AAR SRN SEAS Ean ARE

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: Payroll Deductions Up War bond sales are not coming close to meeting that quota now. 1 About the only comforting factor \ {is the steady growth of the payroll deduction plan. There were 18,000,000 individuals buying war bonds that way in July. The number increased to 19,000,000 in August. - Because of the foregoing factors, the treasury wants compulsory savings but prefers to call it a plan for “refundable taxes.” And the treasury wants it in the form of the| spending tax which was proposed to ‘the senate finance committee this week and rejected. The idea is to keep a Jot of money from being spent as well as to finance the war.’

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MARIAN CECILIA RUCKELSHAUS, - 2-year-old daughter of attorney John K. Ruckelshaus, was “slightly improved” today at Seth hospital. child fell 25 feet from a — floor window to a cement walk yesterday afternoon at the Ruckelshaus home, 3630 Central ave., and her skull was fractured. Marian apparently leaned against a window screen which ‘was unhooked at the bottom and fell while her mother was answer=ing a telephone in another room. Mrs. Ruckelshaus missed the child

“immediately upon returning to the

‘Yoom and ran downstairs to find

her on the walk.

May All Other | Japs Do Same

SOLOMON ISLANDS, Aug. 8

. (delayed) (U. P.).—The five-man: crew of a Japanese torpedo plane

shot down today in a big air attack on U, S. warships in the Guadalcanal channel preferred ‘hari kari to rescue by an American destroyer. : As the destroyer: approached the crew, clinging to their plane in the water, one Japanese brandished a pistol and fired several | shots at the ship. Then he shot

Bape Qo -

7,1

_— = s §

Net Income 700

Pa ee

00 1 GI DI BI 18 bed 1b

Ese : gssssssssssssssasuaassi:

exemptions and senate’s ~4Com mbines senats | rates with ‘victory’

FENCES ON

Dim-out officials

4,538 . 00 10,035 27.075 68,584 40,747 524 4,650,741

‘House Bll} Senate nu

ot 11

» » » ‘a

16.210

440,922 908,699 4 660,922

14 20

ETT 8

4850010 AS50184 +Combines house 850.0 rates with senste’s : committee

new’ o* nce

COASTS

HELP, IN DIM-0UT

| HAMPTON BEACH, N. Y. u. P). : —New England's tamiliar snow | f have been draf : : Sn have erected|

In opening the meeting, Mr. Ostrom declared that the “most important problem confronting every

the war.” The second problem, he said, is “maintenance of the two-

Gen. Tyndall charged “bungling” at Washington and said that “with a little more bungling even our opover to our side.” RAID WARDENS TO MEET

meet at 8 p. m. today in the YM.C.A. W. A. Gibson is chief warden. ;

citizen of this republic is winning}

ponents will see the light and come

Air raid wardens of sector 20 will|

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