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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Jan. 5, 1925)
PAGE EIGHT THE CAPITAL JOURNALS, SALEM, OREGON SATURDAY, JANUARY 3, 1925 NEW INCOME TAX TO LEGISLATURE Lewis W. Elliott, who (or the last year has been with the atate lax commission, is author of a Dew tate income ui bill which he ays will be introduced in the next legislature. A higher standard of levies is provided in the bill than In the act which wae repealed by tbe people In November. The Elliott measure provides a 10 per cent minimum. Initial ex exemptions would be $750 (or single persons and $1600 (or mar ried persons with 200 additional exemption for each dependent. The 10 per cent rate would apply, It is said, to all taxable Incomes up to $5000. All, property taxed would be offset against the Income tax levy. On taxable incomes of $6000 up to $10,000 the rate would be 16 per cent; on incomes of $11,000 to $16,000, 20 per cent; $16,000 to $20,000, 20 per cent; and on $21,000 or more, 30 per cent. "The tax would be imposed on all resident and nun-resident in dividuals, Including trusts to per sons unknown, with respect to tbe entire net Income accruing to them from every source within the state, Including all income from the earnings of corporations, part nerships and trusts, whether such earnings were distributed or not' says a statement by Elliott. "The act would embody safe guards to cover the liability of trimta. with proper exemptions for banks, now taxed In the full legs) way. Tne act would not tax cor poratlons, as that method results in double taxation, but would tax the real earnings of the corpora tion to the individual and require the corporation to file a return, as It does with the federal govern ment, and to show its earnings In Oregon and its stockholders with their holdings, with all Informa tion at tbe source. "The act would allow all the usual deductions, except property taxes paid in Oregon, which would be deductible by neither partner- snip, fiduciary, corporation or n diivduai, but the Individual tax payers would be entitled to apply all tne Oregon property tax paid by him, and his pro rata of any Oregon property tax paid by any partnership, corporation or trust from which he derived Income as a credit agalntt the Income tax assessed, it also would allow reciprocal offset to a non-residant taxpayer taxed on Income In the state in which he resides, provided nis state allowed residents of tlile state a similar amount. "The law aa propose would .the net collection annually to Mt plan would produce rather, saore w jm pw vijia wxset ana administer. tss man 91,000, goo, Sciatica Keep strong. Be bealthyand free from winter complaints. Hill's Caacara Bromide Quinine is the ukkest acting, most dependable cold remedy. What Hill's doet for millions it will do for you. Get red box bearing Mr. Hill's portrait. tHPrice 30 cents. MASCARA fl QUININE X. HIIJ. CU Dnvorr M1C3L Eased at once When you use Sloan's you don't have to rely on tiresome rub bing to relieve the pain. Just pat it on gently at ence iresn new blood is sent to the spot. The trouble clears up at once. All druggists 36 cents. Sloan's Liniment kills pain! New. Year's Sale Suits - Overcoats $20$25$35 Including Kuppenheimer Clothes Furnishings 20 off Men's Shoes, Hats, Caps at Genuine REDUCTIONS 344 State St. SCHEI'S Men's and Young Men's Store KAFOURY'S cIamua7" Clearance .1 HoUSEFUNISHINQSflWSUPDIJES j 3- SfJ? SeUi?S e,S f the year-wonderful opportunities to all who delight in supplying fJe0JdhoineiieedsatllttlePnces- Visit the store of ten these days for new bargains are being Women's Silk Dresses Beautifully and well made of Canton Crepe, Satin Canton Crepe and Charmuese. A good assortment to choose from. $8-98 Madras Corduroy Silk Stripe for 33 . jnch Waterside. Shirts and Blouses This is washable. width 32 inches Good line of colors. Pequot Sheets Sheetings Tubings at a Decided Saving Cape Gloves A splendid bargain suitable for street wear or motor driv ing. Colors are tan or grey. $2-49 39c Yd. 89c Yd. WOOL REMNANTS Hundreds and hundreds In all lengths, suitable for women's and chil dren's dresses, skirts and coats. HMD Ginghams A large assortment of fancy gingham for dresses or aprons Outings 36-inch outing flan nel in white or col ored stripes. V2 PRICE THREAD SILK HOSE Full Fashioned, All sizes black only, fit the ankle3 perfect ly and will give satisfaction. TABLE OIL CLOTH 63x90 Pequot Sheets 72x00 l'eyuot Sheets 81x90 Pequot Sheets 81x99 Pequot Sheets 42x36 Pequot Cases 8- 4 Pequot Bleached Sheeting 9- 4 Pequot Bleached Sheeting 40-inch Pequot Tubing 42-inch Pequot Tubing 39c Yd. 24c Yd. Good quality white and colors 29c Downstairs Store $1.69 $1.79 ..$1.85 ..$2.00 49c 65 c Yd. 69 c Yd. 45 c Yd. 49c Yd. Bed Spreads, Towels and Crash at Clearance Prices ONE LOT WOOL GOODS Dress goods in Broadcloth, Basket Crepe Dress Flannels and others. Don't overlook this assortment. $2-59 72x84 NASHUA BLANKETS $5.39 Extra good quality, in our down stairs store. You will find these pretty plaid blankets, they're soft, washable. Downstairs Store All Women's Ready-to-Wear Greatly Reduced Your Mail Orders receive careful attention. We pay postage or express with in a radius of a hundred miles. Satisfaction Guaranteed on every purchase or your money cheerfully refunded. i2 CJ 466 State St. Solera Store 383 Alder Street Portland Silk Shop Our January CLEARANCE SALE CONTINUES THROUGHOUT THE REST OF JANUARY BIG DISCOUNTS ON ALL ARTICLES (CONTRACTED GOODS EXCEPTED) We Charge No Interest Trade in Your Old Furniture QIESE -POWERS L Sl ' TO 371 COURT ar WJ SPRING SHOWING A R Of Exclusive Models Of the Newest F00TWE We are showing two new styles ahead of any other store in Oregon. You will have to see these new patterns in ladies' pumps to have any idea how much style can be put in a pair of pumps. The colors are Apricot Kid Quarters with Patent Vamps Blond Satin Bordered with Blond Beads Each pair is tied on the side with the same colored ribbon We also have a number of other new spring styles which ESSby express which we are sure you wm We will have new creations each week to show you; they S5"!1?Z? wthing 0n the Cast We wi continue to sell nothing but guaranteed shoes which will be combined with the very latest thing in style. feet SPECIAL BRACE MAN DO YOUR FEET HURT I Corns and callouses re. mored without pain or sore ness. Ingrown nails removed and treated. Pains In feet, weak-toot, flat foot, toot strains and fallen arches ad Justed. Do not suffer. 1 will tin you the best that science can produce in scientific chiropody. Consult DR. WILLIAMS About Your Keet Hours to 5:30. Phone fit WW W V r Pimp DtiBdtOil BnJsvuBottj Witts r fact fceUfpf'" 376 tiates-rimfcta-ftxiM REPAIR DEPARTMENT Our shop Is equipped with all new machinery. We use nothing but the Tery best grade of leather that money will buy. Mr. Jacohson, In charge of this department, is an ex pert In bis line has spent rears In factories and repair hops and will do nothing but high grade work.
