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Evening star. [volume] (Washington, D.C.) 1854-1972, December 05, 1937, Image 17

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1937-12-05/ed-1/seq-17/

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GROUP AGREES ON
SIX TAX CHANGES
.
Levies on Dividends From
Paid-Up Life Insurance
Included in List.
By the Associated Press.
A congressional tax committee yes
terday listed taxation of dividends
from paid-up life insurance policies
as one of six new revenue law changes
on which it had agreed tentatively.
' The alterations uecided on were de
signed chiefly to plug ‘'loopholes” in
existing law or simplify its adminis
tration, but Representative Vinson,
Democrat, of Kentucky, chairman of
the House Ways and Means Subcom
mittee. engaged on proposals for tax
law revision, said the Government’s
total revenue would be affected to
some extent, though the committee
had no exact estimates.
Money Recovered at Law.
A change likely to cost the Treasury
some revenue would permit business
firms to deduct from taxable income
the cost of collecting sums included
in their gross income which are col
lected outside the usual course of their
business. Mr. Vinson explained this
would apply to money recovered in
litigation. All the recovery costs, in
cluding attorneys’ fees, could be de
ducted. provided they did not exceed
SO per cent of the amount recovered
and included in grass income.
The committee also agreed tenta
tively to recommend that corporations 1
b? permitted to deduct contributions
for charity, religion, education and
similar purposes, only in the year they
are paid. Under existing law. he said,
these deductions arc possible when
ever a commitment is made.
Would Prohibit Listing.
A fourth change would prohibit
corporations from listing such contri
butions as business expense.
The committee agreed to recommend
that deductions by individuals of con
tributions be limited to gifts made to
American institutions, bufc Mr. Vinson
said this was not intended to bar the
institutions from spending their funds
abroad.
With reference to gifts "in kind.”
where the actual property or object
involved, rather than its value, is
transferred, the committee tentatively
recommended that the taxpayer base
his deduction on the original cast or
the market value at the time of the
gift, whichever is lower.
*■
IZAAK WALTON UNIT
AWAITS CONVENTION
Unit to Meet Wednesday to Make
Plans for Council Session
Opening Saturday.
Final plans for the regional coun
cil convention of the Izaak Walton
League here Saturday and Sunday will
be discussed at a meeting of the Dis
trict chapter at 8 p.m. Wednesday at
the Raleigh Hotel.
Besides a business session, the pro
gram for the two-day convention will
include a turkey shoot and the an
nual sportsmen's dinner.
Dr. Lewis Radcliffe, chairman of the
regional council, expects a record at
tendance of sportsmen and their wives
from the Maryland and Virginia chap
ters.
The business session will be held
Saturday afternoon and the dinner
that night at the Raleigh. The turkey
shoot, using both skeet and rifle
ranges, will be staged Sunday at the
National Capital Skeet Club, Bethesda.
De Witt Harry is chairman of the
Arrangement* Committee. Dr. M.
D Arcy Magee, national vice presi
• dent of the league, will preside.
PHOTOGRAPHIC CONTEST;
ON HOUSING IS PLANNED
Amateurs Eligible in Competition
From Dec. 13 to 31—Public
to Decide Winners.
Amateur photographers will have a
chance to record their Impressions of
'the housing problem in the District
In a photographic contest to be spon
sored by the Washington Housing As
sociation and the Public Elbrary from
December 13 to 31.
The subject matter may deal with
deplorable conditions, new projects,
Improvements, restorations, renova
tions in fact, any phase of the hous
ing problem. All entries must be
submitted to the Washington Hous
ing Association, Room 902, Barr Build
ing, before midnight December 31.
Winners in the contest will be deter
mined by a popular vote of the pub
lic which has seen the photographs.
Examples of the best subject mat
ter will be on display during the con
test at the Central Public Library,
the Georgetown Branch, the Mount
Pleasant Branch, the Northeastern
Branch and the Barney Neighborhood
House.
HEADS CAMPAIGN
Joseph Stansfield, president of the
District Federation of Federal Em
ploye organizations, has been named
chairman of a special Membership
Committee, it was announced yes
terday.
He will have four vice chairmen—
w. S. Kinney, O. W. Tomlinson. L.
Zaff Rogers and Joseph I. Menehap—
each of whom will have a staff com
posed of one member from each local
here.
V 8. Patent
No. 1947907
The New Analgesia Process!
To relieve pain we have just Installed
the most modern equipment avail
able. With ANALGESIA the patient
retains consciousness, yet is In
sensible to pain, which permits the
best work in the shortest time.
Triple Patent Suction Plates
$10 $15 $20
GUARANTEE^
Gold Crown and Bridge Work
Stt and $8 per tooth
ALU MODERN PAIN PREVENT
ATIVE METHODS USED
DR. FREIOT
■OURS: Dally » A.M. to r. P.M.
Sunday, 10 A.M. to I P.M
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and high-back wing chair to
match.
Convenient Tarms . . , Pay
Daring 1938.
Walnut Veneer JL
Tea Wagon
*1795
Has drop ends, removable glass serv
mg tray and convenient shelf. Rub
ber tired wheels. Constructed of wal
nut veneer on gum.
Convenient Terme . . . Pay in 1938
Colonial Rocker
*2875
Solid mahogany frame, spring
seat and back covered in figured
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Sturdily constructed.
Convenient Terme
6-Way Indirect Lamp
$7.95
New design. 6-way
indirect lights . . .
metal base ... at
tractive silk shade. A
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Convenient Terme
Decorative Mirror
$10 95
A shapely mirror . . . heavy plate
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Mahogany
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*185
Designed and executed from start to “finish” by craftsmen ^88^
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a rich, hand-rubbed mahogany veneer. Includes chest, knee
hole vanity* dresser and poster bed or may be had with
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Pay During 1938
Lounge Chair
and Ottoman
$2950
Just the chair Dad will like.
Exceedingly comfortable
and well made. Covered
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Metal
Smoker
$3.95
All metal, finished In
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Priscilla
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