La Grande evening observer., December 13, 1924, CITY EDITION, Image 7

I Saturday, December 13, 1924.
THE LA GRANDE EVENING OBSERVER
FAGE SEVEN
GWE SOMETHING ELECTRICAL
t We Handle Complete Lines Of
Hotpoint, General Electric
LARGEST
'STOCK
OF
ELECTRICAL
MERCHANDISE
IN -,
EASTERN
OREGON
IT IS EASY
TO BUY
ON
OUR
BUDGET
PAYMENT
PLAN
tX 'jTj -'cr"
$$? Appiences
EpisoB
UNIVERSAL
Testiniouse
Air Heaters
Boudoir Sets
- Broilers
Coffee Urns & Sets
Cookers
Curling Irons
Chaffing Dishes
Fans
Grills , .!..-. Sr.
Griddles
Glow Heaters
Hot Plates
Immersion Heaters
Irons .
Loners
Lamps
Marcel Irons
Ovens
Percolators
Plate Warmers
Refrigerators
Ranges 1
Radiators
Soldering Irons
Sweepers
Toasters
Tea Kettles
Table Stoves
Vacuum Cleaners
Washing Machines
' Waffle Irons .
Warming Pads
Water Heaters
Christmas Tree Sets
Electrical Toys
Edison, Westinghouse, Universal
Electrical Goods
i
We Have Secured the Exclusive Agency for
The Easy
Washer
This Machine led all washers in 1923 Sales.
QfeHOGVER
It Beats...,
A It Sweeps A It Cleans
IMPLEX EONEE
The Best I r oner
Easy ' Quick Better Ironing
EASTERNOREGGN LIGHT & POWER COMPANY
"EVERYTHING ELECTRICAL"
ft
; i
; 5
5
Overlapping Taxes
- Threaten Estates
Roger W. Rabson Points Out the Inconsistencies and
the Dangers of the Fresent Inheritance Tax ,
System in Use in United States.
BAUSON I' A UK. Mass. (Special)
f-Uowr W. Habsoii ha addd a
jihw might to the current dlncus
lon of tux revision. In a sbilc
jnent Issued today tho statistic-Inn
J-alls uttcntion to a lux alt nation
(.-1111111(11115 uttcntion and meriting
revision. r ' '
" Tnreusonnbl or fxh orbit ant
l.iMition ordinarily gots Inn atten
tion of the. taxdaypp because the
nil nation Is brought homo lo him
forcibly when h must uy siinh
a tax." Hays Mr. Habson. 'Wc
have a form of tax. howrvrr,
which dot's not come under thin
rule and yt should hav most
can-ful thought and attention,. A
situation exists In our estato and
inheritance taxes s they arc levied
n ml admin iHteretl today which
"tlirt-atfiis to cut down. perhaps to
tally destroy, a man'a honest nnd
life long efforts to provide suffi
ciently Tor his family.
Mostly Just.
''These taxes, both Tederal and
state, are Individually sound and
for the most part Just and reason
able. The combination of them,
however, produce unusual ami
(iflen unfair result. At the fe
Tfft nt convention of the American
liankern Hssocfallon It wan stated
that our presi-nt system of estate
ami Inherltanco tuxea might 1m
ioo a tax of morn than 100' per
rent, in other words In an extreme
vnmi the taxen may eat up the cn-llr.-
cut ate and the hclra may owe
liioro taxes after receiving abso
lutely nothing.
"The first tax to Im b vb d Is the
federal cst.it tux. A fKed per
centare levbd by the fd'Tl ffov
ermnent on all estates of ISO.non or
vt before any distribution Is
iiaide. The rate an- graduated ao
I hut the largo estates pay a pro
portionally larger tax. t'nder this
lax all properly la tnai'd alike.
Vhe altiiatlon la generally under
Stood and the levy, la reasonable.
-"The moment that an estate la
probated and ready to be turned
ovT to the heirs acvcral forma of
atatc inheritance tax-s may become
ilue and payable. The state In
whlrh the deceased has beeo a
resident ordinarily collects a tax
n the entire eMute. Comptba
tions set in here, however, since
the rate of taxation artt-s with
fhe r Intloufhip of the h"tr to th:
fifveastd and aries mith the kind
and location o( the property. Chil
dren may be taxed more than bus
bund or wlfi and heirs oulside of
the Immediate, family nlmost in
variably pay a higher rate than the
Immediate family. Heal estate and
securities are taxed upon different
schedules. The location of the
property in cither case has much
to do with tho tax that must be
paid.
fJheK Kxantplu.
"Next the inheritance taxes of
other states may become due ami
payable. Certain plates, for In
stance, levy a tax on the Inheri
tance of the securities of all cor
porations formed within that state.
An Ohio corporation, for instance,
may be represented in (he securl-tk-s
making up part of the estate
of a ctttaen of New York. Tinier
theso circumstances hlo collects
a tax from the heir who receives
those pa rl IculRr at'curlt les. J f a
corporation Is organized under
charters in three or four different
states as in the case of some of
our railroads. It Is possible that
the same securities might be sub
ject to thre or four stale inheri
tance taxes. Some1 stales even lax
the securities of a foreign corpora
tion willed to a foreign heir If the
transfer office of the corporation
Is within the state others levy
taxes on the transfer of securities'
of any corporstlon doing business
within the states no matter where
it is organized, where the sccitrb
ties are held or where the heir re
sides. Securities held in a safety
deposit vault In certain states am
subject to taxes by tho stale for
that reason alone.
To Illustrate the difficulty arh-t
Ing from thts overlapping of taxes I
we might take a block, of ratlrond
stock on which the federal estate J
lax must be p;itd because ft Is a '
part of the original estate. This1
stock In being transferred lo an j
heir might be subject to a tax in j
the state of residence, to a tax In
the several states In which the '
railroad was Incorporated, to a tux '
in the aiato where legal transfer '
office of the corporation was locat- '
ed, lo the siatr in which a safety;
deposit vault holding the security;
was located and to possible faxes'
by other stales In which the rail-J
road mt?ht do biiflness. The un
fairness of thts system is obvious, '
one security may b-ar one or two,
tn.vs. another may subject to six i
or more individual levies. One
heir share may be taxed lightly; jfcs
another's, due to the form in which
the property exists, muy Buffer
heavily.
"A Massachusetts estate of ap
proximately $:t. ()(, ooo was sub
ject to a tax or $01,(ioo or 23 per
cent of tho entire estate. These
taxes were paid to the federal gov
ernment and eighteen different
h( a I es. A la rge Illinois est a t e
amounting to approximately $23,
(Xio.ooo was left lo a daughter and
two sons but the will provided
specifically that the two sons
should pay all the taxes.' Their
shares in the estate amounted to
$l,KOO.ono and '-'.sotf.OOO respec
tively, the residue of the estate go
ing to the daughter, but the taxes
on the estate canto to $t,4'o,oiM.
This left the two so"H about 2,
oao.ooo In debt. Certainly -if the
deceased had known what Ills
taxes were lie would not have in
cluded this provision In his will ns
he did nut intend to handicap his
buys with such a Ireim-nOona debt.
All lv-taics .Menaced
Nor is the small estate entirely
fret- from th'se dangers." con
tlned Air. Habson. "Kcdenil ' tax
applies to estates of only i:iiuan
or more but the Individual state
taxes may apply to very small In
heritance. Not only do these col
lective tuxes often represent an ex
horbltaut burden on Die estate It
self but In the majority of canes
they also tend to cut -down certain
shares more than others so that
the heirs actually benefit in an en
tirely different proportion than
that Intended by the deceased. He
cause w "never personally pay our
own inheritance taxes many men
beilevt; that they have provided
jideiu:ifc!v for their families and
FOR
CHRISTMAS
Slcd.s, Ice Skalcs
Boys' Wagons, Ciocycles,
Kiddy Kars, Tricycles
Skiis and TobagKuns
F. L. LILLY
Rirtnn
Phoo Main 85
as a matter of fact tills complicated
system of overlapping of several
Individual taxes may cut the por
tion received by heirs so that the
Inheritance no longer represents
the competence Intended.
"While we are revising taxes
this situation should bo gone Into,"
concluded Mr. Habson, "and If the
American Hunkers' Association,
The investment Hankers or some
other public spirited group of busi
ness men would codify a uniform
and fair system' of ' Inheritance
taxation. It Is probable that the In
dividual slate could be brought lo
adopt H and the widows, orphans,
und dependent, heirs would be
greatly benefited. In the mean
time It Is every man's duty to his
family to check his own estate
periodically to know what his tax
Will and to make such changes
In his property as muy be neces
sary to eliminate unreasonable and
unnecessary overlapping of inheri
tance taxes." '
General business has Increased
In almost every linn since election.
The Bahsonchart then 7 per cent
below normul now shows activity
at exactly normul.
Mils, vagi: claims alto
MKDKOUl), Ore. Tho automo
bile in which Arthur l'ago of Spo
kane and San Kranelsco, alleged
bootlegger, went, lo his death last
month in a plunge over a I'nclflc
highway embankment In the Siskl
yous, la now In the- possession of
Airs, liose 1'age, the widow, by vir
tue of an order issued by the cir
cuit court.
Airs. Page deposited $' t &, the
appraised valuation of the car, and
the sheriff was directed to turn
over the automobile lo the claim
ant. The $516 functions as a bond
In the confiscatory action atarted
by the stale under the prohibition
law, If Alra. I'agu fails to con teat
(he proceedings the state and coun
ty w)ll be in possession of the mon
ey Instend of the vehleb.
MIIjIi NOT TO SHl'T DOWN
HKNl), Ore. Because the de
mand for lumber continues ao good
no shut down will be made, as la
usual, by the Urooks-Seanlon Lum
ber company, according to an an
nouncement of Herbert H. Allen,
assistant general manager of tho
company. A shut-down during the
holidays Is usual,' but thin year
the mill will run full blast with
the exception or Christmas day and
t,wo days for Inventory Decem
ber 31 and January 1.
While a shut-down nt some time
during tho year la necessary for
the repair of machinery It la plan
ned to postpone this until perhaps
bad weather will make 11 desir
able. , ,
Tho Khevlln-llixon mill officials
have made no plans regarding the
holidays, according to It. IJ. Mooro,
assistant gene raj nmnoger.
University of Southern California
football team will play 1 tic Univer
sity of Iowa team at Los An go. lea
Novo in be r 21, 1926, It waa an
nounced here Thuraday by Gradu
al Munager Wilson of tho U. fl.
O. team. He-present At ivca of H-
C. Ktanferd and tho Unlvoralty of
(California Thursday night said tho
hreak in athletic relations between
the two northern toama and IT. 8. V.
would not be discussed at Friday
morning's meeting of Lthe Pacific
const conference.
Kathleen Campbell
Sopranc 1
IJ. ti. V. MUKTtf IOWA IN 1025
I'OHTI.ANI). Ore. (AP) The
GIFTS
The Holiday Manner
Doubling the surety of its welcome is the
Kay Christmas gift that covers its practical
purpose with beauty and distinction.
Smart Toiletries not only add good
looks to their utility but assume the
added virtue of carrying the happy holiday
spirit as long as they last far into
the New Year.
This year, more than ever before we
have succeeded in assembling a most com
prehensive assortment of fine Toiletries,
from which we will be glad to assist you
in making selections.
P1QUANTE GIFT BOX
fir
PIANO AND VOCAL INSTRUCTOR
Coach Accompanist
Studio Eastern Oregon Music Go.
Telepnnne Main 119 Residence Folev Hotel, lyiain 77:
Soloist and Director St. Peter's Episcopal Choir.
i
L. & L. DRUG STOKK
ABSOLUTELY FREE
$8.50 COMPLETE SET OF ATTACHMENTS
FREE WITH EACH PURCHASE OF
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on thrno daya frro
cleaning trial a nw
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llaJaiitrr Vy Mont lily
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Let Your Xma Gift This Year Be a Useful One
Benham Electric Co.
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