Evening star. [volume] (Washington, D.C.) 1854-1972, August 05, 1941, Image 6

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Evening star. [volume], August 05, 1941, Page A-4, Image 6
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Evening star. [volume] (Washington, D.C.), 05 Aug. 1941. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045462/1941-08-05/ed-1/seq-6/>

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D. C. Paid 39 Million
In Infernal Revenue
•
In Last Fiscal Year
■ Federal Income Tax
Payments Here Showed
Gain of 6 Million
t
i The Federal Bureau of Internal
Revenue collected $39,367,550.46 in
taxes in the District during the fiscal
year that ended June 30 last, the
Treasury reported today. The col
lection during the previous fiscal
year was $28,537,796.14.
The greatest single increase was
In individual Federal Income tax
payments, which mounted from $9,
607.215.56 to $15,355,444.70. Employ
ment taxes, for those employing
eight or more persons, declined from
$803,156.35 to $664,480.15.
Employment taxes, individual in
come. corporation income, estate and
liquor taxes were the chief source of
revenue from the District.
The Treasury's comparative state
ment of tax collections in the Dis
trict showed these figures:
Corporation income tax payments,
June 30. 1940. $6,361,715.97; June 30.
1941. $8,125,892.70.
Excess Profits Taxes.
Excess profits, declared value
taxes. 1940, $76,635.58, 1941, $107.
793.76. Excess profits under Second
Revenue Act of 1940, none; 1941,
$211,681.03.
Capital stock tax payments, 1940,
$577,137.01; 1941. $744,573.99.
Estate tax payments. 1940. $1,
870.321.30; 1941, $2,716,137.46.
Gift tax payments, 1940, $107,
876.96; 1941, $179,607.56.
Liquor taxes (including occupa
tional taxes>. 1940, $534,925.42;
1941. $1,348,678.36.
Employment taxes (employment
bv others than carriers!. 1940. $3.
674.969.83; 1941, $4,119,139.57.
Employment, taxes (employment
bv carriers!, 1940, $3,875,190.54;
1941. $4,216,576.22.
Admission taxes, 1940. $290,171.18;
1941. $585,320.04.
Electrical energy taxes, 1940. $288.
84428; 1941, $403,766.43.
Communications Payments.
Taxes on telegraph, telephone,
radio and cable communications, I
1940, $196,884.16; 1941, $256,239.55.
Documentary stamp sales, 1940.
$162,601.16; 1941, $183,457.58.
Taxes on dues and initiation fees. J
1940. $48,829.51; 1941, $50,903.15.
Unspecified manufacturers' excise
taxes. 1940, $26,114.29; 1941. $36.
643.
Tobacco taxes. 1940. $456.35; 1941,
$28,409.29.
Taxes on leases of safe deposit
boxes, 1940. $16,681.71; 1941, $19.
054 76.
Oleomargarine dealers’ occupa
tional taxes, 1940, $5,714.29; 1941,
$5,551. ,
Narcotic dealers’ occupational
taxes. 1940. $2,873.67; 1941. $2,879.91.
Unjust enrichment tax, 1940,
$9,981.02; 1941, $5,320.25.
Wickard Backs Seaway
As Post-War Aid to Farms
B> the Associated Press.
Secretary of Agriculture Wickard
yesterday urged construction of the
St. Lawrence seaway, declaring a
broad marine highway from the
Great Lakes to the Atlantic would
aid American farmers regain world
markets after the emergency.
The third cabinet officer to advo
cate the $285,000,000 power and navi
gation project undertaking—Secre
taries Knox and Stimson appeared
previously—Mr. Wickard told the
House Rivers and Harbors Commit
tee that cheap transportation would
be an important factor in the strug
gle for agricultural markets in the i
years to come.
"Some people, while admitting the
St. Lawrence seaway would reduce
the cost of shipping farm products
abroad,” Mr. Wickard said, “have
paid that our farm export market is
gone forever. The truth is that
what will happen to the fanners’ .
export market after the war depends 1
on who wins the war. In any event, j
we should be prepared to compete ,
for world markets when the war is
over. All of us are determined to do \
everything practical to hold and re
gain our foreign customers on a per
manently sound basis. Certainly re
ductions in transportation costs
would Increase the ability of Amer
ican farmers to compete in the world
market.”
La Guardia Advises U. S.
To Keep Transport Planes
B’ the Associated Press.
NEW YORK. Aug. 5.—Champion
ing American commercial aviation,
Mayor La Guardia declared yester
day that the United States should
send no more transport planes to
Great Britain.
“We want to maintain our right
ful position in the commercial air
field,” he said at ground-breaking
ceremonies for a new $500 000 sea
plane hangar at La Guardia Field.
Mayor La Guardia stressed the
Importance of post-war adjustments
in the United States, and said: “I
really believe that the war may be
over not very long after this hangar
Is completed. In fact, it may be over
before.”
Terming the maintenance of com
mercial aviation a post-war prob
lem and the hangar as New York's
first concrete contribution to it. the
Mayor, who also is national director
of civilian defense, said:
“As anxious as we are to send
planes overseas, I do not think that
American rvlation should be crip
pled.”
Editor Is Divorced
Mrs. Mildred F. Elliston has been
granted a divorce on grounds of
separation from Herbert B. Elliston.
associate editor of The Washington
Post, it was learned here today. The
couple, married in 1923 in Jersey
City, have one child, Stephen.
Automotive Trade Outing
The Washington Automotive
Trade Association will stage its sec
ond annual golf tournament and
dinner Friday at the Manor Club.
Golfers will tee off between 1 and
2 p.m. and dinner will be served at
7:30 p.m.
Carnival Ends Thursday
The Holy Comforter Catholic
Church carnival at Fifteenth and
East Capitol stfeets will be con
tinued through Thursday night, it
was announced today. All prizes,
originally to have been awarded
Saturday, will be presented Thurs
day night Instead.
Farm 'Regimentation'
By U. S. to Be Fought
In Pennsylvania
Wheat Growers Assail
Quota Plan, Marshal
State-Wide Group
B% the Associated Pres*.
HARRISBURG, Pa.. August 5.—
More than 100 wheat growers claim
ing to represent 400,000 of Pennsyl
vania's 907.000 wheat acres are
forming a statewide organization to
fight what a spokesmen termed
"Federal regimentation of Agricul
ture."
Strenuously opposing the Agricul
tural Adjustment Administration
wheat quota system put into effect
for the* first time this year, the
farmers last night also went on
record against "all Government in
terference with agriculture in this
State," announced Chairman Audley
Boak, former master of the Pennsyl
vania Grange.
Mr. Boak. who named an execu
tive committee to arrange a state
wide gathering of growers within
the next 10 days, said any modifica
tions in the quota plan would not
alter the group’s purpose of "oppos
ing the regimentation of agricul
ture.” .
Pennsylvania growers voted against
the plan in the national referendum
last May. The national vote, how
ever, favored the limited produc
tion system setting the amount of
wheat to lx- grown and banning sale
of any grain without permission of
county A. A. A. committees.
Mr. Boak said 18.000 farmers in
the State grow wheat but only 5,500
took part in the referendum. He
added the quota plan was put into
effect after the growers planted
their wheat and that it was, there
fore, unfair.
His group, backed by officers of
the State Grange and Pennsylvania
Secretary of Agriculture John H.
Light, claims to represent some of
the most fertile counties in the
Stnte, which ranked eleventh among
those producing winter wheat in
1939.
Opposition to the quota plan also
has developed in the Midwest, with
protest groups being set up in at
least two States. One Indiana
group, incorporated yesterday, op
poses the entire A. A. A. program.
Your Taxes Under New Bill
Income Rates in Measure Passed
By House Compared With Present Levies
By the Associated Presa.
Individual income tax rates con
tained in the new tax bill, as com
pared with rates under present ’aw,
are shewn In the following tables.
Net income means income after de
ductions for interest paid, taxes
paid, contributions and business ex
penses. For purposes of the tables,
all the income is considered to be
earned income.
Single Person.
Net Income. Present Law. New Bill.
$800 . .
900 $ .44 $5.95
1.000 * 4.40 15.40
1,100 8.36 24.86
1.200 12.32 34.32
1.300 16.28 43.78
1.400 20.24 53.24
1.500 v 24.20 62.70
1.600 ' 28.16 72.16
1,700 32.12 81.62
1.800 36.08 91.08
1.900 40.04 100.54
3.000 44.00 110.00
2.500 63.80 157.30
3.000 83.60 ’ 211.20
4.000 123.20 338.80
5.000 171.60 473.00
6.000 25520 633.60
7.000 343.20 803.00
8.000 448.80* 1.007.60
9 000 558.80 1.221.00
10.000 686.40 1,469.60
15.000 1,476.20 2.934.80
20.000 2.666.40 4,826.80
25.000 4252.60 7.073.00
30 000 6.063.20 9.543.60
50.000 14.709.20 20,715.20
60000 19.954.00 26.958.80
80.000 31.451.20 48.123.60
100.000 44.268.40 54.168.40
150.000 78,350.80 89.012.40
250.000 147.576.40 159,748.00
500.000 330.933.20 347.604.80
750.000 522,418.80 541.347.60
1.000. 000 718.404.40 737.340.40
2.000. 000 1.511.397.20 1,530.333.20
5.000. 000 3.917.390.00 3.936.326 00
Married Persons—No Dependents.
Net Income. Present law. New bill.
$2,500 $1100 $38 50
3.000 30 80 85.80
4.000 70.40 180 40
5.000 110.00 308.00
6.000 149.60 435.60
7.000 23320 596.20
8 000 316.80 756.80
9.000 422.40 961.40
10.000 528.00 1,166.00
15.000 1.258.40 2.545.40
20.000 2.336.40 4.338.40
25.000 3.843.40 6.505.40
30.000 5.614.40 8.936.40
50.000 14.128.40 20.002.40
60.000 19.320.40 26.206.40
80.000 30.738.40 39,318.40
100.000 43.476.40 53.310.40
150.000 77,532.40 88.299.60
250.000 146.863.60 159.013.60
500.000 330,155.60 346.803.60
750.000 521,619.60 540,537.60
1.000. 000 717.583.60 736.519.60
2.000. 000 1,510,565.60 1,529,501.60
5.000. 000 ^916,547.60 3,935,483.60
M* fried Persons—2 Dependents,
Present law. New bill.
$3.000,. $11.00
4.000- $35.20 101.20
5.000- - 74.80 202.40
6.000 . ' 114.40 330.00
7.000- 162.80 464.20
8.000 - 246.40 624.80
9.000.. 334.40 794.20
10.000- . 440.00 998,80
15.000- . 1,11760 2.290.20
20.000- . 2,142 80 4.030 40
25.000 - 3.570.60 6,127.00
30.000- 5,315.20 8,531.60
50.000- . 13.741.20 19.527.20
60.000- 18,898 00 25,704.80
80,000.. 30.263.20 38,781.60
100.000. . 42,948 40 52.738.40
150.000 - 76,986 80 87,824.40
250,000- 146.388.40 158,425.00
500.000. . 329,637 2 0 346,272 80
750.000 . 521.086.80 539.997 60
3.000. 000 . 717.036.40 735.972.40
2.000. 000 . 1,510,001.20 1.528.947.20
5.000. 000 . 3.915.986.00 3.934,922.00
Married Persons—4 Dependents.
Present law. New bill.
$4,000 _ $22.00
5.000 $39.60 116.60
6.000 79.20 224.40
7.000 118.80 35200
8.000 176.00 492.80
9.000 259.60 653 40
10.000 352.00 83160
15.000 990.00 2.054.80
20.000 1,949.20 3,722.40
25.000 3.317 60 5.768.40
30.000 5.016.00 8.126.80
50.000 13,354.00 19,052.00
60.000 18.476.60 25.203.20
80.000 29 788.00 38.244.80
100.000 42.420.40 52.166.40
150.000 ' 76.441.20 87.439.20
250.000 145,913.20 158,034.40
500.000 329.118 80 345.740.00
750.000 529.554.00 539,457.60
1.000. 000 716.489.20 735.425.20
2.000. 000 1.509.456.80 1.528.392.80
5.000. 000 3.915.424.40 3,934,360.40
Joint Income Roll Call
House Rejects Requirement in
Tax Bill by 242-to-160 Vote
Bj the Associated Press. i
Here is the 242-to-160 roll-call
vote by which the House yester
day struck from the $3206.200.000
tax bill the provision requiring
married persons to Ale joint in
come tax returns:
Democrats For—l'J6.
ALLEN KRAMER
ANDERSON LANHAM
BARRY LEA
BECKWORTH LEAVY
BETTER LUDLOW
BELL LYNCH
BLOOM MACIORA
BOGGS McCORMACK
BOLAND McGRANERY
boykin McLaughlin ,
BROOKS MACIEJEWSKI 's -
BUCK MAGNUSON
BUCKLEY MAHON
BYRON MANSFIELD
CAMP MEYER
CANNON Fla. MILLS L».
CAPOZZOLI MOSER
CHAPMAN MURDOCK
COFFEF Nebr SORRELL
COFFEE, Wash. NORTON
COLE O’BRIEN
COOLEY OLEARY
COSTELLO O’TOOLE
CRAVENS PACE
GROSSER PATMAN
CULLEN PATTON
DELANEY PETERBON, Fla.
DICKSTEIN PLAUCHE
DIES POAGE
BOMENGEAUX RAMSPECK
OWNS RANDOLPH
ELLIOTT RUSSELL
FITZGERALD SACKS
FLANNERY SANDERS
FORD. Calif. 8ASSCER
GAVAGAN SATTERFIELD
GOSSETT SCHAEFER
GREEN 8CHUETZ
HARRINGTON SCRUGHAM
HARRIS, Va. SECREST
HART SHAN LEY
HEALEY SHANNON
HEBERT SHEPPARD
HEFFERNAN SHERIDAN
HILL SMITH. Va.
HOBBS SMITH. Wash.
HUNTER SMITH. W. Va.
IMHOFF SOMERS
IZAC SOUTH
JACKSON SUMNERS
JARMAN SUTPHIN
JOHNSON W. Va. SWEENEY
JOHNSON. L A., TENEROWICZ
Texas THOMAS
JOHNSON. LYNDON. THOMASON
Texas TO LAN
KEFAUVER TRAYNOR
KELLEY WALTER
KELLY WENE
KENNEDY, M. J. WEST
KEOGH WORLEY
KILDAY WOODRUM
KLEBERG WRIGHT
KOPPLEMANN YOUNG
Republicans fur—116.
ALLEN HESS
ANDERSON HlhSHAW
ANDRESEN HOLMES
ANDREWS HOWELL
angell jarrbtt
ARENDS JENKINS
BALDWIN JENNINGS
BATES JOHNS
BAUMHART JOHNSON. Calif.
BENDER JOHNSON. 111.
BENNETT JONES
BISHOP JONKMAN
BLACKNEY KEAN
BOLTON KEEFF
BRADLEY KILBURN
BROWN KINZER
BUTLER KUNKEL
carter McGregor
CHENOWETH McLEAN
CHIPERFIELD MARTIN. Iowa
CLASON MARTIN. Mass.
CLEVENGER MASON
CLUETT O’BRIEN „
COPELAND PADDOCK
CRAWFORD PHEIFFER
CULKIN PITTENGLR
CUNNINGHAM PLOESER
CURTIS PLUMLEY
DAY POWERS
DEWEY REECE
DIRKSEN REED. 111.
DITTER ROBSION
DONDERO ROCKEFELLER
DOUGLAS RODGERS
DWORSHAK ROGERS
EATON ROLPH
EL3TON SIMPSON
ENOEL SMITH. Me.
ENGELBBIOHT SMITH. Ohio
FELLOWS STEARNS
FENTON STRATTON
FISH SUMNER
FORD. Calif. TABER
GALF. TALLE
GAMBLE TIBBOTT
GEARHART TINKHAM _
C.ERLACH VAN ZANDT
GIFFORD VORYS
GILLIE • WADSWORTH
GRAHAM WELCH
GRANT WHEAT
GUYFR _ WTGGLE8WORTH
HALL. LEONARD W WILSON
HALLECK. WINTER
H ANCOCK WOLCO'i T
HARNESS WOLFENDEN
HARTLEY WOLVERTON
HEIDINGER youngdahl
Democrats Aralnst—151.
ARNOLD ELIOT
BARNES EI.LTS
BEAM FADDIS
BLAND FITZPATRICK
BOEHNE FLANNAGAN
BONNER FOGARTY
BOREN FOLGF.R
BRADLEY FOPAND
BROWN FORD IV.in.
BRYSON FULMER
BUL WINKLE OATHINGS
B URCHIN GEYEF
BYRNE GIBSON
CANNON. Mo. GORE _
CASEY GRANGER
CLARK HAINES
KI.AYPOOL HARI
TCCHRAN HARRIS Ark.
COLMER HARTER
CONNERY HENDRICKS
COOPER HOLBROOK
COURTNEY HOUOTON
CHEAT. J ACOBSEN
D'ALESANDRO JOHNSON. Okla.
DAVIS Trnn. KENNEDY. M. J.
gSLL San
DOUGHTON KOCIALKOW8KI
DREWRT LARRA3EE
DUNCAN LESINSKI
DURHAM LEWIS
McIntyre schulte
McKEOUGH SIKES
MCMILLAN SMITH. Conn.
MANASC O SMITH. Pa.
MAY SNYDER
MERRITT SPARKMAN
MILLS Ark. STARNES
MONRONEY .-STEAGALL
MYERS SULLIVAN
NELSON TARVER
NICHOLS TAYLOR
PATRICK TERR ’
PEARSON THOM
PETERSON. Ga. VINCENT
ITEiFER VINSON
PIERCE VOORH1S
PRIEST WARD
RABAUT WASIELEWBKI
RAMSAY WEAVER
RANlCTN WEISS
RICHARDS '.VHELCHEL
RIVERS WHITTINGTON
ROaERTSON WICKEFSHAM
Rogers v ii liams
SABATH ZIMMERMAN
atepumicans Against—33.
ANDERSEN MICHENER
BURDICK MOTT
CANFIELD MUNDT
CARLSON MURRAY
COLE OLIVER
CROWTHER REED, New York
GILCHRIST REES
OWYNNB RICH
HALL EDWIN A. RIZLEY
New York ROBERTSON
HILL SHAFER
HOFFMAN SHORT
HOPE SPRINGER
JENSEN STEFAN
JOHNSON Ind. STEVENSON
KNUTSON THILL
L AMBER TSON TREADWAY
LECOMPTE WOODRUFF
American Labor Acainst—1..
MARCANTONIO
Progressives Against—3.
HULL SAUTHOFF
GEHRMANN
Recapitulation.
Democrats For—126
Republicans For—116.
American Labor For—None.
Progressives For—None.
Farmer-Labor For—None.
Total For—242
Democrats Against—121.
Republicans Against—35.
American Labor Against—1.
Progressives Against—3.
Farmer-Labor Against—None
. Total Against—160.
Paired—Nope.
Not. voting—31.
Vacancies—2.
Total membership—435.
Taxes
(Continued From First Page.)_
change in the fundamentals of the
excess profits tax plan approved by
the House.
The base-broadening mentioned
by Senator George would be in line
with President Roosevelt’s views, for
the Chief Executive told the Ways
and Means Committee he thought
the exemptions for single persons
should be reduced from $800 to $750
and those for married persons from
$2,000 to $1,500. Mr. Roosevelt as
serted that persons in those income
groups were eager to "chip in di
rectly” to help the defense progrom.
Triples Some Taxes.
As it passed the House yesterday,
the bill would virtually triple the
taxes of persons in the lower and
middle Ineome groups by levying a
graduated system of surtaxes start
ing at 5 per cent on the first dollar
of taxable income and ranging up to
75 per cent (the present maximum)
on incomes of $5,000,000 and over.
These surtaxes would be in ad
dition to the present normal Income
tax rate of 4 per cent, which was
continued. But even at that, a
married man earning $2,500 and
having no dependents would pay
$38.50 under the new plan compared
with his present tax of $11.
The new yield from individual in
come taxes was expected to be in
the neighborhood of $829,000,000.
Approximately $1,322,900,000 would
! be raised from corporations through
surtaxes, stifTer excess profits taxes
and a drastically revised method of
computing them. Surtaxes would
start at 5 per cent on profits up to
$25,000 and rise to 6 per cent on any
amount in excess of that. Excess
profits tax rates which now range
from 25 to 50 per cent would be
. >
boosted to run from 35 to 60 per cent
Corporations would be required to
compute their excess profits before
deducting their normal taxes,- re
versing existing law. Despite Presi
dent Roosevelt's contention that
many firms making up to 50 per
cent profit on their Invested cap
ital would be able to escape making
an Increased contribution to the de
fense program, the bill would permit
corporations to compute their excess
profits by either the average earn
ings or invested capital methods.
The President recommended that
only the latter method be author
ized.
Besides the direct taxes on both
individuals and corporations, the
bill would impose almost 40 new or
higher excise taxes on commodities
and services to raise about $880,
100.000. These levies included a $5
annual use tax on all passenger au
tomobiles, a 5 per cent tax on every
one’s monthly telephone bill and 10
per cent excises on a host of things
such as luggage, jewelry, furs, cos
metics, business machines and mu
sical instruments.
12 Billion in Revenues.
Responsible officials expect the
Nation’s total revenues this fiscal
year to approximate $12,500,000,000,
including the $3,206,200,000 esti
mated yield from the pending tax
bill. Spending, however, is sched
uled to be in excess of $22,269,000,
000, for a deficit of nearly $10,000,
000.000.
The same sources forecast a na
tional debt of $57,850,000,000 by June
30, 1942, the end of the fiscal year.
In the first 19 days of the fiscal
year, the Treasury said Government
spending was $1,018,609,659—roughly
one-third of the annual revenue ex
pected to be added by the new or
increased levies set up in the pend
uiK uiraouic.
The 30 Representatives who voted
against final passage of the tax bill
yesterday are:
Dingell, Michigan: Disney, Okla
homa; Geyer, California; Hook.
Michigan; Martin J. Kennedy, New
York; McKeough, Illinois; Mills, Ar
kansas, all Democrats.
Bishop, Illinois; Burdick, North
Dakota; Canfield. New Jersey;
Crowther, New York; Dirksen, Illi
nois ; Gillie, Indiana; Edwin A. Hall,
New York; Heidinger, Illinois; John
son, Indiana; Knutson, Minnesota;
Lambert.son, Kansas; McGregor,
Ohio; Murray, Wisconsin; Pittenger,
Minnesota; Reed, New York; Rob
sion, Kentucky; Springer, Indiana;
Tinkham, Massachusetts; Wilson,
Indiana all Republicans.
Marcantonio, New York. American
Labor.
Hull, Wisconsin; Gehrmann. Wis
consin; Sauthoff, Wisconsin, all
Progressives
Marrying Soldiers Warned
British soldiers in their terms
have been reminded that even
though they are in the services they
must obtain the consent of their
parents before marrying.
ilB
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N 0 PAYMENTS
'TIL SEPTEMBER
. . . THEN A FEW
| PENNIES A DAY.
Phona
RE. 5800
jShMv
A. P. WOODSON CO.
COAL—FUEL OIL—DELCO BURNERS—BLDG. MATERIAL
1313 H St. N.W. ; RE. 5800
-&- ■■■■& -
Tax Comparison
How 2 Plans Would
Affect Couples
By tbe Associated Press.
The following table compares the
tax on hypothetical married couples
under the “joint return” and “sepa
rate returns” Income tax plan. The
table assumes that if permitted to
file separte returns, the husband
and wife would each report half of
their combined in coma The Joint
return proposal was killed by the
House yesterday.
The first column shows the amount
of the combined income. The sec
ond shows the tax if a joint return
Is filed. The third shows the total
tax paid by the couple if they file
two returns on a 50-50 basis:
Combined net Joint. Separate,
income.
$5,000 $308 00 $275.00
6.000 435.60 369.60
7.000 596.20 49720
8.000 756.80 624.80
9.000 961,40 752.40
10.000 1,166.00 880.00
15.000 2.545.40 1,727.00
20.000 . 4,338.40 2,838 00
25.000 6.505.40 4.180.00
Taxes would be the same under
the Joint and the separate returns
on combined income up to and in
cluding $4,000.
Cars Attract Air Raiders
Automobiles must leave parking
lots in Cromer, England, one at a
time at night because the combined
lights of cars attract air raiders.
JHSS
|
Phone
REpublic 6212
New and used grands, spinets
and small uprights el all the
better makes at low monthly
rates. All money paid as rental
applies on the pu^hase price
if you decide to buy later.
KITT’S
1330 G STREET
(la the Middle of the Blockt *
What the New Tax Bill Means
To the Average Individual
Here, In a nutshell, is what the
new tax bill, as It passed the House
yesterday, would mean to you.
Some changes might be made later
in the Senate.
Generally speaking, if you filed
no income tax return last year, you
need pay no tax this year unless
you’ve had a raise or your tax status
has otherwise changed. If you pay
any income tax at all, a surtax of
at least 5 per cent will be imposed
on your whole taxable Income (with
out any deduction for earned in
come).
The surtax ranges from 5 per cent
up to 75 per cent on income over
$5,000,000. This is in addition to
the regular income tax, which re
mains 4 per cent, and a “supertax"
amounting to 10 per cent of your
whole tax bill.
Your personal credit and allow
ance for dependents is unchanged.
If your wife has a separate Income,
she may continue to file a sepa
rate return.
If you own an automobile, air
plane or yacht you must pay a flat
$5 tax on it—slightly more if the
yacht is over 28 feet. If you buy
a new car. the tax will be 7 per cent
—twice what it is now.
Excise taxes also will be in
creased on many other commodi
ties, such as liquor, and a 10 per
cent sales tax will be levied on furs,
jewelry and toilet preparations.
If your business is a corporation,
a surtax of 5 per cent will be im
posed on the first $25,000 of taxable
income and 6 per cent on the re
mainder, on top of the nca-m^I tax,
which remains 24 per cent. Excess
profits taxes will be stiffened by
lowering the exemptions and boost
ing the rates 10 per cent In each
bracket.
Reversing present procedure, the
excess profits must, be computed be
fore deducting for normal taxes.
The capital stock tax will be boosted
l from $1.10 to $1.25 per $1,000.
★
RADIOS
RECORDS
ACCORDIONS
SHEET MUSIC •
INSTRUMENTS
PHONOGRAPHS
★
EXCLUSIVE LOCAL
DEALERS FOR THE
TAREHART
*
KITT’S
1330 G Street
iMiddlo of tko Block)
/ Knabe ^
Estey
Starr
Weber
Fischer
Wurlitzer
Mathusliek
Jesse French
And Othor Good Pianoa
w
^ OPEN ALL PAY SATURDAYS DURING AUGUST ^
f THE AUGUST SALE OF
LIFETIME FUR ERE
m
, I Storewide Savings Now 1
Choose Your Own Cover
#
for this Karpen Sofa
from our "Brighton" Group at *143
I
B This is one of the several artistic 18th Century Type J|
B Sofas in our open-stock dghton" Group priced now if
fc- m f ' at $H3. Take ijt as shovel or select your own cover |
■ " _ x//.ffggfiT from the many decorator-approved cotton and rayon |jj
flp- damasks and figured cotton tapestries in the "Brighton" if;
E FURNITURE Group. Fine Karpen sofa construction, including curled _2
B black horsehair and clean cotton felt filling. Ex- I
mk | posed wood parts are of solid Honduras mahogany. '«
I MAYER & CO. I
Seventh Street Between D and E Je

Evening star. [volume], August 05, 1941, Page A-4, Image 6
About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 05, 1941, Page A-4, Image 6 About Evening star. [volume] (Washington, D.C.) 1854-1972

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Evening star. [volume], August 05, 1941, Page A-4, Image 6
About Evening star. [volume] (Washington, D.C.) 1854-1972