Indianapolis Times, Indianapolis, Marion County, 29 April 1948 — Page 18

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Income Tax Cuts

Ro) A Next Week PY

Effective Saturday

: | © By JOAN 1. CUTTER | Habe 3 1 United Press Stat Corrasponden “WASHINGTON, Apr. 29 “P) orange vpn a : The take-home pay of 45 mil-

Iq {ginning Saturday. . The government will start taking a smaller cut out of pay:

checks as @ result of the $4.8 bil- ' IHon income tax’ reduction Con- ~ |gress voted early this month over President Truman's veto, ~~ | Every individual who pays a {Federal income tax will get some relief. About 7.4 million of the smaller taxpayers will go off the rolls entirely, The amount of cut for the rest varies according to the size of their incomes. Lower withholding rates go into effect May 1. Most taxpayers will feel the effect on the first

CONVENIENT LOCATIONS

Hy yeheck they receive beginnl 4400 E. New York st. payt: oe I bog! ol ng 54th and College Ave, J mates that 45 million persons now

are subject to withholding ‘taxes. ! How It Will Work : Here's how it will work for a married man with two children who earns $50 a week. There will be $1.30 taken from his week's paycheck for Federal income tax. {There will be no tax deduction on next week's paycheck. He gets off the tax roll entirely, A man with a wife and two children who earns $100 a week will find $10.50 in taxes taken from this week's paycheck. But the deduction will drop to $7.70 next week, a cut of $2.80 a week for the rest of this year.

Chuck Roast ,.. 65¢

Stark & Wetzel, Grade A

Bacon ih

Pillsbury’s Best

Pie Crust is. 166

supposed to make them even with the government by the end of the year. If they find that they have overpaid, they can get a refund by filing a claim for it along with their final return next

spring. Credit Allowed | The cut in paycheck deductions has been figured with the idea of giving taxpayers credit for both the increased.

by the new law. Personal exemptions ‘were raised from the present $500 a person to $600 a person. Thus, & married man with two children

Yan + Cais All-Purpose

Red Beans 0c “Pure Cane, Granulated

fore. The percentage cut varies according to the amount of tax still {owed -after- figuring other benefits

cent on a tax of $134,000 or more. Split Income Feature In addition to the increased personal exemptions and percent4} age~cut; the new law extends to taxpayers .in all states the. split-

only in the 12 so-called com-

vision, 8 husband and wifé may |file a joint return which divides | the: Samily « earnings for the year |hetween the two of them. Because the surtdx rates become {higher as. earnings. increase, this means a smaller tax for couples with -& net “income - in excess of 133000 or $4000 a year.

SILER | or. Harold Zink ae To Head Meeting Here

GREENCASTLE, AD 20-—-Dr, ‘Harold Zink, head of the DePauw {University department of politi |cal science, will preside at the annual business meeting of Midwest | Political Scientists Saturday at {Claypool Hotel, Indianapolis. Dr. Harry W. Voltmer, also of the political science department

rk th Si ci aA AAR

" Blue Ribbon Paper

Napkins "1x" 10e

Nap Gelatin Ho

Yelle 3, 1%

_In either. case. the deduction is!

personal éxemptions| and the percentage cut provided

A Valuable Buy for Mother or Yourself!

ALL WOOL TOPPERS

and Summer wear! Sizes for Juniors, Misses and Women! The season's most popular styles in favorite ‘colors! All beautifully tailored and fully lined. BUDGET FASHIONS, Downstairs at WASSON'S

"Regularly 18 oe periainds ~ Most sar JOY TN

~.All-wool suede, covert, crepe and yarn-dyes in - an exciting collection of toppers for Spring

fe Teta bin

RaMEMBER OTHER'S DAY, Yt | SUNDAY, HAYS ol e. d

EL RTT Belin

a 11 LE J J nN

LL IPP ST p Md Ay Memo A <T fon Sa — 5

EE x x; 0 am

en SE hin 1 7 po

BRE pve pois 2 sizes, 9 to 15. he ad

SUPER hesitates v room there

SIZES FOR: OMES, Xx nts mses Al Time

gets a personal exemption of’ $2400 instead of $2000 as hereto-

of the new law. It will be 12.6] Fora t on taxes up to $400 a] | 4 DE arts don. 10. B.Der).

Jncome { feature heretofore allowed |

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WOMEN’S

Leathers, Fabrics, i Reptiles! Black, Brown, Colors!

[land secretary - treasiirer of the| Pp, isa member of -the -man-}-.

» CRNAL SODLOESRRRY: ovr ans

“Rival ROEBUCK AND CO

Dog Food: 3 2% Pet Milk ay f—

PEACHES Saturday, May Ist Sar i || BAKE SALE

Breeze ,.. 29¢ Conducted by Maine U. 8S. No. 1, Size A

Potatoes '..; 49¢

Crisp, Cool

Cucumbers .,.9%

RADISHES, red button MANGOES, fancy ea.

_ MOOSE SAFEGUARD

YOUR

[dW | SAVINGS § ARE LOW “at Celtic NOT ONE DAY cra ae

: ciation savings, each ac BUT A344 DAY count at Celtic is pTotected up to $5,000. Deposits

grow quickly with Celtic's gene rous dividends — compounded semi -annu-

ally. . A dollar or more

. opens a ‘‘protected” sav. ings account at Celtic. i Start one today,

: Rgeriar “cotnmittee for the skxth|

eR LE a Le

WOMEN OF THE

- PLAY SHOES | | Regularly $3 and $4 at pair!

PLAY SHOE SAMPLE SALE

Values from $6 to $8! 299 e xp Only. eatany fe

SHOE CENTER—Downstalrs at' WASSON'S

JUNIORS! | === : : members of

B. Rayon shantung in gray, : : eve of the proaches its

~ blue, aqua or pink . .. gilt . buttons and gilt belt th ows, gue . shirred waistline Anonyn

“ee ers’

button - front « » « Misses’ : : which 1s bas = aE aries Rs a A aE Ei We are t : two-buck be poor wretch on the -nose, COTTON AND RAYON “rf ofan sd

I don’t 1

“WARM WEATHER DRESSES +] EES

Ee 1 thing you ki booth with :

3 | bookie. I wi 0% Book-of-the- ; on. the soci:

Haw to

~ as a man-o| - It seems " stand here | Just in time for Mother's Day! A wonderful new shipment healing wel of cool dresses to wear now, through summer! Hundreds of theater—and styles and different patterns! A large assortment of materials, mous. fred

many washable! = Cottons, piques, broadcioths, chambrays, There's N

One of the

Finest Values k 3 on Today's Ses { Market! io ¥ y A

i 8 : 8

i EE Sd ¥

OUR OWN TAILORED SLIP OF

MULTIFILAMENT CREPE

pe i 8

Check ‘these value-plus features of this multe:

- filament crepe slip . . . full bias cut . .. 39-inch

SUPER § Cons EDERAL

CETERA ER | ee enamocans,

of Indianapolis ¥

23 W. OHIO ST.

length, . . straight-cut back . . . no piecing

“an double-stitched seams ' . , double casing . "y+ +» Beinch adjustable sirape! Pink or: ‘white v i

in as 33 40 40:

et ivdit 9 ; ”

ginghams, percales, rayons, Bembergs, lambskins, French crepes, YoU Ca A. Rayon bekin in » butcher linens, Hollywood sheers. Five size ranges... 9 to 15, § Saturday, wi lam green, My R blue or brown-and-white 12 to 20, 181% to 241%, 38 to 44 and 46 to 52! of on quel lka dot . . . button-front BUDGET FASHIONS, Downstairs at WASSON'S We will TE . front peplum . . half : : : ne birds aa sizes, 18%; to AU. 3 - : rly around 1

decided . ther Sher bet ho

"Th HhE “th EPOUDy Weng the nags alo

place in resy HEIFERS) SHAY

Ne en

1 x =

ISS on N NAN NN 1 AM NN I IN A A

(it Sakna) 1£ ut what to defend ta skunks? The kitti Othman acre on their han Ing for a bee Then snick, | In the bas

Solid Color

SIX.PIECE GLIDER = iEATHERETIE white in the

SLIPCOVER SET ~~. REPLACEMENT CUSHION SETS || ..: i 9s... oy 13% . er FL

Fits all standard 6-piece cushion gliders . . . includes 3 Extra ‘heavy, solid color leatherette set ‘that will fit How Abo cushion and back covers , . . heavy drawstrings with any standard size glider . . . leatherette binding . ITS WILI

which to tighten covers . . . heavy drill that is water- set includes 3 backs and 3 cushions (the back cushions oS image t eir pets

proof and lacquered . . . painted stripes of wine, green, are made higher than the frame to give added com- ™ blue or brown. , fort). Water-repellent! Solid red, green or blue. commie et of saving th

8 surplus of 1

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