Indianapolis Times, Indianapolis, Marion County, 3 October 1945 — Page 17
T. 3 1068
or Cov 3, s Here's How Tax Cut Plans gould Help Your Pocketbook
1045
WASHINGTON, Oct. 3 (U. PJ). HR following tables, prepared by
TE: FINE LL RL
MY-T-FINE PUDDING DESSERTS CHOCOLATE . . . NUT CHOCOLATE BUTTERSCOTCH . . . VANILLA
committee on taxation, shows the amount of individual income tax due under the present law, the Vinson plan and the Carlson proposal: Single Person—No Dependents Income Before Present Vinson Carlson Exemption Tax Proposal ‘Proposal
[R
800 $38 $20 $19 1
15,000 405 4350 50,000 _ 27 26460 25,965 100000 69,870 66,885 65890 S000 444350 420365 424370
900,000. 884,365 874,370
29 LOCAL GIS
Will Land in New York on ‘Way to Atterbury.
Twenty-nine Indianapolis soldiers are listed tentatively as due to arrive in New York tomorrow aboard the Aquitania en route to processing
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at Camp Atterbury, Those listed are: T. Sth Gr. Robert G. Hazel; T, 4th Gr. William J. Bernard, 163 Bright st; Pfc. Walter E. Henson, 626) E. Washington st.! . Sgt. John R. Angell, 3738 N, Illinols st.; 8. Sgt. August M. King; 8. Sgt. Robert EB. Klier; M. Sgt. Pred Gamstetter, 1703 8. Delaware st.; Sgt. Harry C. Hulse, 577 N.. Belmont ave.; Sgt. George V. Roberts; T. 8gt. Gayle 8. Palmer; Pfc. Harold R. Brummett; T. 5th Gr. George E. Oren; 8. Sgt. Robert L. Tyler; T. 3d
Gr. Richard A. Gilbert; 8. Sgt. William Marshiall; Cpl. Edward L.
1823 EB. 30th; T. Sgt. Herbert W. Guy,
5540 og . 8gt. E bush, 1215 N. Penns hati 8. Sgt. Ralph E. Mit tank; 8. Sgt. James E. Mortenbeck, 1470 N Pennsylvania; Sgt. Leonard K. 20, Box 380; Sgt. Hubert J. Gallagher, Ros N. Centennial; 8. Sgt. Robert L. Hartley, 35 N. Colorado, and Sgt. Wilbur C. Drake, One local WAC is tentatively Iisted as due to arrive in New York aboard the Vulcania en route to processing at Ft. Bragg, N. C, or Ft. Dix, N. J. She is Capt. Margaret A. Maxwell, Millersville rd.
PVT. M'DAVID GRADUATES Pvt. Owen K. McDavid, son of John C. McDavid, 1043 N. Pennsylvania st. has graduated from the advanced courses of the army communications school at Ft. Benning,
Ga.
“President Truman responsibility for the atomic bomb, and that's a lot of power for one man to carry around,” Incidentally . . . speaking of carrying around a lot of power
Wearers of the new
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the staff of the joint congressional Eicnpiion i $0
> J 25000 10205 9560 93% 1% 30. 200. 100] 50000 27585 26100 25610 i 35 300 2g5| 100000 60.435 66,450 65460 3000 585 © 510 4g5| 500000 443805 428910 423,020 00 ‘838 7130 6o5|L000000 900000 883910 873,920
10000 2155 2470 2375 |Exsmpiien Tax
] 50,000 26,865 25380 - 24,900 100,000 68,565 65,580 .64,600 500,000 442,985 428,000 423,020 1,000,000 900,000 883,000 873,020
en-|{the late President Roosevelt to
Married Person—No ‘Dependents
Vinson
1,000 15, ‘uy x 1,500 130 $100 $95 2,000 245 200 190 . 3,000 475 400 380 4,000 725 620 580 5,000 975 840
6,000 1,265 1,100 1,050 8,000 1.885 1660 1.590
15,000 4605 4,260 4,120
Married Person—Two Dependents Income Bef Present Vinson
FOR TAX RELIEF
pinsen Career. House Group Acts on Carl-
son Reduction Plan.
By RAYMOND LAHR United Press Staff Correspondent
WASHINGTON, Oct. 3—Taxpay-
800 | TS were offered hope today of slightly ‘more liberal federal income 5) tax relief than the administration 10000 2585 2300 - 32:10|NAS Proposed for next year. —
That prospect developed from
tentative action of the house ways and means committee, which ink tiates tax legislation. It expects to complete consideration of the administration’s transition tax recommendations today.
Administration proposals for re-
peal of the excess profits tax on Carlson |Dusiness and excise tax cutbacks
Proposal Pro still awaited committee action. $1500 $30 «e+ «s+| The committee rejected the ad2000 45 “ro «+. | ministration’s proposal yesterday 3000 275 $2000 = $190|¢5 repeal of the three per cent 4000 505 400 380 | normal tax. Instead it agreed on 5000 55 620 590 |a substitute, which in effect was 6000 1005 840 800 | equivalent to repeal of the normal 8000 1585 1360 1300 {tax along with a one per cent re-
10,000 2245 1960 1880 | quction in surtax rates.
15,000 5265 3830 3700 25,000 9705 8970 8740
‘DON'T OWE U. S. ANY TAXES,’ ELLIOTT SAYS
BEVERLY HILLS, Cal, Oct. 3 (U., P.).—Elliott Hoosevelt said today that he felt no “moral obligation” to pay the government the tax loss it suffered when his debtors recorded $196,000 bad debts on their income tax blanks. Roosevelt, recently discharged as an air force general, said he had made both John Hartford, president of the Great Atlantic & Pacific Tea Co., and David Baird, New York insurance broker, an offer to turn over his net assets to them. “They chose not to accept the offer,” Roosevelt said. When the stock was returned to Jesse Jones, it was forwarded by
Elliott's: former wife, Mrs. Ruth Goggins Roosevelt, in Ft. Worth, Texas, he said. His ex-wife still has the half she acquired in the divorce settlement, while the other half is in trust for the children of that marriage, Roosevelt explained. “The government permits claims of deductions on account of bad debts where the debtor has no assets,” he added. “It does not seek to collect the tax from those incurring bad debts in similar instances. “Why should I be singled out and asked to pay?”
PROJECT FOR FLOOD CONTROL IS STUDIED
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TO YOUR UNITED WAR AND COMMUNITY FUND
* The war is over, but the fight to win the Peace
has only begun. Your whole-hearted support is needed as never before to help in the rehabilitation.
of our allies; the programs devised to aid our own armed forces and service veterans, and to alleviate the sufférings of those less fortunate in our own communities. Open your heart—and your pocket. bank; Do yous fll se toasd being is eg : drive go'over the top! :
od 1 his Space. Donat INDIANA BREWE
onated by
(way elevation project to remedy | tion visited the commission yesterday and urged that the Baltimore | also proposed that streets and high(ways in the flood zone be elevated.
‘the plan and make a decision. 1
DIRECTOR IS’ NAMED
| junior, has been named student di-
pus ¥. M. C. A.
residents for a railroad and highflood conditions. Headed by J. O. Miller, a delegaand Ohio railroad be elevated. They
Secretary Clyde R. Black said that the army enginers would study
FOR BUTLER BAND
Wilbur Neal Thompson, 3224 N. New Jersey st, Butler university
rector of the Butler band for the | current school year.
A pre = medical student, Mr. | Thompson is president of the But{ler chapter of Sigma Chi fraternity, !a member of Kappa Kappa Psi,
honorary band fraternity, president {of Sphinx, junior men’s honor soclety, and president of the cam-
SOUTHPORT VETERAN NOW TEACHING GI'S
Peace has turned Soldier Lorne C. MacBeth of Southport into a teach-
er. With the 1st infantry division in Germany, Pfc. MacBeth is serving as an instructor in English and mathematics as a part of the army education program. The local man was formerly employed in the research laboratory of Ed Lilly & Co. His wife, Mrs. L. C, MacBeth and son, Stuart, reside in Bouthport.
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THE INDIANAPOLIS TIMES
HOPES BRIGHTEN
Since Carlson's proposal would al- | administration's and $160 under the low. payers of the normal tax the|Dresent law. same exemptions permitted those in surtax brackets, it would conform administration recom SERVICES ARE SET mendation in removing from the tax rolls about 12,000,000. persons
Vinson had estimated repeal of the |Scouts here. normal tax would cost the treasury $2,087,000,000 next year. The Carlson |a son, Lawton; a daughter, Carolyn proposal would cost approximately |Sue; his parents, Mr. and Mrs. John |ing would be necessary through service were being let out at a daily,
Carlson reportedly argued that the {and two brothers, George and Elmer transition tax bill should give in- |Link. dividuals relief equivalent to that
Rep. Frank Carlson (R. Kas) offered the substitute.
for retention of the normal tax with | Elimination of the excess profits tax \ exemptions raised to surtax exemp-|would cost the treasury an esti- 1 600 000 10 g lo tion levels and for lowering existing {mated $2 555,000,000.
Under Carlson's plan, a married
surtax rates by four pefeentage . 4 person with two dependents would Y L. Under the present low, the normal | pay a tax of $190 on a net income of OF SUG AR FOUND: 4tax is levied on all net income in|$3000, The same taxpayer would : excess of $500 for each -taxpayer,|pay $200 under the administration Smem——— with no exemptions for dependents.|proposal and $276 under existing Located
The surtax allows exemptions of|law. $500 for the taxpayer and each de-|the same taxpayer would pay $95
in Java; Ration Picture Brightens.
With a net income of $2500
under Carlson’s plan, $100 under the
spring.
FOR LLOYD E. LINK
sugar in liberated Java ports. A resident of Indianapolis since
Lodge, F. & A. M. and Scottish|tne population. Rite. He was Scputmaster of troop
He is survived by his wife, Agnes; anticipated.
J. Link; a sister, Mrs. Louise Clark, |1046.
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WASHINGTON, Oct. 3 (U. P)—|food board. The United States
Civilians may be able to throw.their ration books away sometime next
This prospect was held out today Lloyd E. Link, in the engineering oy Secretary of Agriculture Clinton| now subject only to the normal tax. department of Ell Lilly & Co. forip anderson. 5 Taxbavess in the oT eatny surtaxX {the past 10 years, died yesterday at rackets would continue to pay the his home, 2325 8. Pennsylvania st. - harge' of its gu 0 vibe nis home, 1,600,000 tons of Japanese-stored |charge personnel, but has surtax 4 per cent less than the one Carlson's proposal 1911, Mr. Link
Anderson said the Java Rg would be assigned to the allied nations pool for allocation to member nations by the combined
‘|normally gets about half of the pooled supply.
NAVY UNDECIDED ON REDUCING ‘POINTS’
WASHINGTON, Oct. 3 (U. P).—
He disclosed the discovery of|The navy is speeding up the dis-
not yet decided when to lower the
The American share of this un-|eritica) point score for discharge 2 Ted th was a member of |exnected stockpile is likely to be at Jo would reduce the present surtaX|ojjye Branch Christian church and |jeast 700,000 tons—about 10 pounds
scale, ranging from 20 to 91 per cent, the church, Prospect 1 8 rang Dom 16 10.37 per cor the board of the ' PECL per person if evenly divided among|1 800,000 officers and men including
Cost to Treasury
At the same time it was disclosed that the navy plans to return some
marines and coast guardsmen, home
Anderson said it was enough to|from the Pacific theater Sept. 1 Secretary of the Treasury Fred M.|27 and was a comrhissioner of Boy make possible the end of sugar ra- 1046. This would leave by = Dn
tioning many ‘months earlier than|000 naval personnel in the Pacific.
A navy spokesman told reporters
Officials feared that sugar ration-|that men and women of fhe naval
rate of 9400 on Sept. 28. This rate
The rationing of fats and ofls,|will be stepped up until it reaches meats and the few other foods still{ 16,000 a day, he said. Rites will be held at 1:30 p. m.}on the ration list is expected to end proposed for corporations through |Friday at Olive Branch church, with by Jan. 1 or shortly thereafter.land women had been released for It provided repeal of the excess profits tax.|burial in Washington Park.
He sald a total of 147.000 men
I8hoes, the only other item for which !all causes up to Sept. 30.
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