II. S. PROFIT SEEN
IN SECURITY TAX
Much of Jobless Insurance
Levy to Go Into General
- Treasury Fund.
the Associated Tress.
A “profit” of $100,000,000 or more
may be realized by the Treasury thla
fiscal year, officials said yesterday,
from the unemployment insurance tax
Under the social security act
The law provides that proceeds of
the tax from States which have failed
to enact unemployment insurance
laws in connection with the social se
curity program go Into the Treasury’s
general funds and may be used toward
balancing the budget.
Under the act, unemployment taxes
are levied on all employers of eight or
more persons, starting at 1 per cent ol
thla year’s pay rolls and gradually In
creasing to 3 per cent by 1938.
Unless the deadline Is extended th*
taxes will be due next January 31 on
193$ pay rolls.
14 States Have Approved Laws.
The amount the Treasury receive*
will depend upon the number of State!
Which have unemployment compensa
tion laws approved by the Social Se
curity Board.
In those States which have approve*!
laws—14 at present—employers are en
titled to a credit of up to 90 per cent
of the Federal tax for payments made
Into a State unemployment insurant*
fund.
Prom nil States which do not hav*
approved laws the Internal Revenu*
Bureau will collect the full Federal
; tax, receipts going into the Treasury'!
t general cash accounts.
Although emphasizing that no ac
curate forecast of the Government'!
share of these taxes can be made
Treasury officials estimated It may rur
:: over *100.000.000 this fiscal year. Thli
guess, they said, was based on estt
T mates that if no States had approvec
laws the Government would recelv*
. about $228,000,000.
Officials pointed out that New York
la one of the 14 States with approveC
laws, eliminating up to 90 per cent ol
-I..
the Federal tax on its huge pay rolls.
Under the social security lav, par
ticipating states must turn over un
employment taxes they collect to an
“unemployment trust fund” In the
Federal Treasury. The Treasury has
set up thU fund and. because some
States already have collected taxes, it
now totals $26,198,000.
The Secretary of the Treasury may
Invest such part of this fund as he
deems is not necessary to meet cur
rent withdrawals in Government se
curities. States may make withdraw
als for compensation payments and
administration expenses.
The unemployment taxes are levied
only on employers. Old-age levies,
also contained in the security law,
take effect January 1, and are borne
both by the employers and the em
ployes. Receipts from this Ux go into
a reserve fund for pensions to re
tired workers.
Tax Deductions Disallowed.
A. B. Nless, acting head of the
social security division, Income Ux
unit. Internal Revenue Bureau, said
yesterday deductions from the Federal
unemployment Ux will not be allowed
this January by the Treasury except
for payments made to SUte funds
on 1936 pay rolls.
Such payments must have been
made by January 31, If the Uxpayer
is to claim a deduction from the
Federal Treasury under ordinary cir
cumsUnces. However, if the SUte
law is approved and put Into effect
too late for the Uxpayer to make his
State contribution by January 31,
Niess said, the taxpayer may apply
to the Collector of Internal Revenue
in his district for an extension of time
not to exceed 60 days.
If the request is granted, and If he
makes a contribution to a State un
employment insurance fund within
the additional 60 days of grace, and
the contribution is for 1936 pay rolls,
then he will be permitted to deduct
the amount of such payment from his
1936 Federal tax payment.
Much Red Tape Involved.
Extensions of time will also be al
lowed for other causes found to be
sufficient by the district collector of
internal revenue. In the event of de
linquency. however, when no extension
has been granted, the Uxpayer may
deduct only such amounts as he msy
have psid into a SUte fund prior to
the Federal due dates, January 31.
Before any deduction may be
claimed, Nless explained, a 8UU law
must have been put Into effect, ap
-.-,...
proved by the Social Security Board
and certified by the board to the
Treasury not later than December 31
of the taxable year.
Also, before a deduction win be al
lowed, the State must have certified
to the Treasury the payments it has
received under its State plan.
SOLO FLIGHT TO BRAZIL
WILL BEGIN TODAY
New York Aviator Will Go to
Miami Non-Stop on First
Leg of Trip.
IJ the Associated Frees.
NEW YORK. November 14.—Joe
Costa, young aviator of Corning, N.
Y., said today he plans to start at t
p.m. tomorrow tor Miami, on the first
leg of his proposed solo flight to
Natal Brasil.
However, he was undecided where
he would start his trip. He said he
would fly up to Coming in the morn
ing from Roosevelt Field, but that
he did not know whether he would
hop off from Coming or Roosevelt
Field when he starts south.
Much depends, he suggested, on the
weather. He wants to make the flight
to Miami non-stop.
Aims of Education.
Dr. MUda Threlkeld, dean of women
at the University of Louisville, says
"preparation for and adjustments to
a vocation are fundamental aims of
education.”
MODERNIZE YOUR HEATING
NUN A CAMEL OIL OORNER
Special Offer 3Til Xmas
WE ARE OFFERING ONLY 50 OF THESE
AT THIS LOW PRICE UNTIL CHRISTMAS.
YOU CAN SAVE MONEY BY BUYING NOW.
$325 NOW $20
Completely Installed
NO PAYMENT TILL JAN.
LOW INTEREST CHARGES
PAY ON ELECTRIC BILL
I Hot-Water Heat IsIPsll <285]
ECONOMY HEATING CO.
906 lOHi SR. N.W. MET. 2132
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t Holiday in the air again! You'll want to prepare
i your home for the festive occasions—for out-of-town
| visitors and guests. Cohen's offers the right touch
IIH for any home—the correct picture or mirror, the
finest in Washington at the lowest prices. . , . |S!|j
I SHOP NOW AND SAVE NOW! * g** Z I
S to streak or spoil. Fifteen differently etyl**! If
1 frames to choose from. A Cohen "protected"
I — >a a a ■■ jp 1 value at the below-market price of— K
I FRAMES | se.4s . I
m m m m A ^ m 1 In Hui department wa ara ditplayint a variety at K
M A M L Til HDHEiD S frame* that ara "tha latt word" in color and dacifn. Ill
IVIHIf C I U UI1UE.II I All at a treat aavinsa. triced from fe
... . , , .. ., I $3.50 to $$9.50
PjjOR a Frame to suit your favorite picture— rfi *ir . ™
■ to add charm to your room and keep in
| tune with today, trust Cohen's vast experience
I in correct framing. While our factory is the
I most modern and has the largest force, we were
I compelled to turn down a number of "lest
1 minute" orders lost year. Bring yours in TODAY
I and be ossured of delivery in time, the most
iMi I suitable frame and, os always, our LOWEST*
I I I IN-THE-CITY PRICES. M
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W. B. Moses fir Co. £ OPEN EVERY NIGHT • W. B. Moses fir Co.
*• . * “ * r * -*-/■' *
. * • .. • • w . - * .-L . . • • ... . . -.S’ V '/
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76th Anniversary
FINE FURNITURE
*4 . ' 4. ..
at 20% TO 5 0% DISCOUNTS
.4 Store-Wide Event—Every Department Included
• ■ -**•■ # » . * f
THIS event was planned to provide the most QEAUTIFUL Furniture for every room!
thrilling values in fine furniture that we D Compare the quality, the construction,
have offered in all our 76 years. The crowds the woods employed, the fabrics used, the
that are purchasing during this sale testify to prices .. . and you, too, will select your fur
Our success. niture ot Moses' now.
Duncan Phyfe Dining Room Suite I
Ten Lovely Pieces in Genuine Honduras Mahogany $0 O Q
A suite that will breathe the spirit of gracious hospitality in your dining
room on Thanksgiving ond all the holidays to come. The 66-inch buffet with
velvet-lined silver comportment and two deep drawers, has spacious cabinet Revuldrly
sides. The flip-top console serving table with brass ferrel-tipped feet and the © *
double pedestal extension table provide ample space for serving ond
dining. Your choice of corner or regular style semi-enclosed china cabinet
with cabinet base. Five side chairs and an armchair with seats of sagless
construction covered in blue hair cloth complete the ten pieces.
$175 Dining Room
Suites, $129
$335 Dining Room
Suites, $219
i
$340 Dining Room
Suites, $229
$365 Dining Room
Suites, $249
■ m m
$480 Dining Room
Suites, $339
$299 Dining Room
Suites, $189
^ — ■
$149 6-Pc. Dinette
Suites, $99
$37.50 5-Pc. Dinette
Suites, $29.50
. m ■
A Few of Hundreds of Other Values:
$149 Living Room
Suites, $109
$195 Living Room
Suites, $139
$135 Living Room
Suites, $89
$30 Easy Chairs
$19.75
$26 Knee-Hole Desks
$17.75
$45 Knee-Hole Desks
$24.95
$8 End Tables
$5.95
$43 Dining Tables
; $30
v ‘ ■ 2 ,-r ‘ - -
$7.50 Boudoir Chairs
$4.95
$32 Colonial Rocking
Chairs, $19.75
$13.50 Dining Chairs
$7.95
$55 Barrel-Back
Chairs, $39.50
$45 Pillow-Back
Chairs, $29.50
$28.50 Lounge
Chairs, $19.95
$10.50 Ladder-Back
Arm Chairs, $7.25
$28 Occasional
Chairs, $17.75
r
$55 Secretaries
$34.75
$54 Colonial Vanities
$29.75
$60 Dressers with
hanging mirrors
$24.95
$21 Colonial Beds
$14
$225 Bed Room
Suites, $149
$149 Bed Room
Suites, $109
$135 Bed Room
Suites, $89
$49.50 Chaise
Longues, $32.50
$79.50 Buffets
_ $39.50 - _
$13.50 Colonial Con
vex Mirrors, $7.95
$12 Coffee Tables
$4.95
$11.50 Book Shelves
$5.75
$15 Sewing Stands
$6.95
$39.50 Inner-Spring
Mattresses, $26.85
$19.75 Inner-Spring
Mattresses, $14.95
$12 Coil Springs
$7.95
«
Use Our Budget Plan—Take 12 Months to Pay
When Purchased on Our 12-Month Budfeet Plan, a Small Carrying Charge Is Added
> * . r. f /
ty. 5llo5«5 $ Co*
Plenty of Perking Spec* 804 Rhode Island A VO. N.E. No Treffic Delayt