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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 12, 1951)
FRIDAY, SEPTEMBER 12. lOBt HERALD AND NEWS. KLAMATH FALLS. ORROON PAGE NINB Tax Increase Far Less Than Truman Rprmacf orl Mil I MIIIUII IIVHVMVM WA8HIHOTOM, Wl-A I5.7o0.000,. 1 31 too ( Iti Increaae which anion other thtnaje would boom the levy en moit Individual Income by about 11 percent win approved yoaterday by aonata-houee con ference committee. 'I ht meaatir Ihe nation' ( And largeat revenue bill -It arhcil ul4 for bouao action Tueailay. II will then to to Ilia aenele. Ap proval by both la anticipated. In addition to tin Income Itx flu eifecllv November 1 tin bill call lor aharp Increaar In Iht eielae texee on whlaky, beer, tvlne, olfarela, Rnaollne, autumn bile and a number o( olhor article. KKTIIOACTIVK Corporation taxe re lumped bv upward ol 15,500,000.000, relroac llva to lal April 1. In many aapecl. particularly In tlmald revenue yield, the bill U olo.er to the 14,160,000. OOO men urt ptaaed by the aenaln limn lha 1,300,000,000 varalnn voied bv Ihe hou. Neverlhelmia a number ol key houaa provlalona were In cluded In Ilia eompromlw. worked out alter aeaalona apraadlnv over nlna day. , Ilia bill provide only a Utile mora than hall the. lo,ooo,ooo,ooo additional Income which Pre. Tru man aald represent the novum inent'a minimum need. With enactment ol thla bill. Ihe tax load will hava been Increaned noma 116,610.000,000 alnce Uie atari o! the Korean war. A record-break-li. M.iOO.000.000 Increase went on the atalule book In Heptembnr, 1 ItJO; a IJ.WO.ooo exc.ea prollta f lax act In January. 1061. INDIVIDUALS The individual Income tax In cieaea ar Integrated Into the reu ular bracket rate. A a reault ol roundlna- otl Ihe Itaurea to produce even number In ihe rle. the n creaae lor mot taxpayer actually varlea Irom ll'a percent to about 'amlle' pron aarnlne MOOO a Tar alter deduction lor Interest, tax, contribution, elc. but belore hla perirenal exemplloni will liny uu . in ladeial income taxe lnUad ol hi preaent IIUS obllllon. A married couple wllh twa depenaeni pna - ,W0o wM ow I13M M Inalead 0! ' An' alternative UX lacreaaa 1 ottered partona In the Higher In come bracket. They hv an op lien at paying an additional 9 per cent on the amount ol their In come remaining alter payment ot taxe at axlallng ratea. Thle al teroaUv I advanlageoua to altiKlr pron with an Income ol tn.too or mora, and married couple above UT.tOO. For the llrst time, alngle peraona wb ar head ol households are granted hell th tax benellu avail able la married couple under the lneem apllltlng provlalon ol th tax law. The net Increase In Individual tax flabllllle, waa eUmatd at la.410,000.000. and th excise tax beoat at gl.9O4.0OO.0OO. Borne of the mlacellaneou provision ol the bill will result n loss ol revenue to th treasury. Tie excise (sale taxi Increases into ellect November 1, If. Pre. Truman sign th bill by October They Include the (ollowlnu Ini-rensea; Whisky and oilier aplrltuou II unr, Irum IV to 110 60 a 100-proof nation, or about 2(1 cent a III tit lor ordinary Honor, licer irom so a barrel to ID. Wine txe up tin MVernun ol IU'j nercent. C.'lgarot Ikxbb Increase from 1 cent a pack to 8. Tho tax on chewliia and smoking tobacco goes clown, however, Irom IB to 10 cenla notind. Gasoline tux up Irom 1 to J retin. New automobiles are taxed 10 percent 01 iniinulncturera' price Instead ol current 7 percent, lox on' truck and'buso up Irom & to R percent.. Ueveral Hildltlonal elec trical appliances made sublecl to 10 percent mnnumoiurcr. lax. Bowing to protest Irom mothers ol small children, Uie lawmakers look nil the 30 percent retail tax on baby oils, powders and lotions. lite excise lax increases are 10 remain In effect until April I, I8M, when the rale are aupposed to go back to Uie present level nrovlded congress doesn't chungo Its mind. Despite stiff onnoall nn from hoiire members, the conference agreed lo apply corporate taxes to now . exempt farm co-operative, mutual ssvlngs bank", and build ing and loan associations. MARINE PFC. IJaryl I), niislio)), 20, son of Mrs. Amelia Bishop, Malln, has been promoted lo his pres ent rank upon completing his recruit training. Highlights At KUHS Br JEAN OWENS iii;i:hk wkkk RAI.EM, A 1900 pound cheese will be exhibited In Portland next week to obherve cheese week In Oriicon, eiov. McKay any. ft A'j&L Berot Moy Work With Brownies POKTLAND, I The Oregonlan said today the baseball deal send ing l.eo 'hiomus Irom Portland of Ihe Pacific Coast league; lo Bt. I.ouls of Ihe American league may be the preliminary to a working agreement between the clubs. Bporls Editor I,. II. Gregory said the deal strengthens speculation thut Portland will glva up lis status a a free agent. Till la It, th big night I Mr. Drown reported today that Med lord students are turning out In lull force for tonights' game. Due to th fact that they had a two day vacation Thursday and today because ol teacher' Institute meet ings, many mora than usual will probably b here. Rain or shine, our rally and bon flro laat night waa a big auccea despite aeveral "dlfflcultlea." A good ahowlng of both students and adult turned out to see Uie "mock cremation" ol 11 Medford football playera. It la, only fitting to thank all of the townspeople who cooperated so well in supplying burnable mate rial. It could hardly hava been any bigger or better than It waa. Marvin Nerseth waa matter of ceremonies lor lha bonflr and Mayor Bob Thompson gave u a rousing pep Ulk.A klt and aong waa prepared and presented by four Deo peppers. Lyn renins. Patty Teie. BrDra Kooger ana Bernlce Mauovitcn. Following Uie abort program, Marvin announced that there would be an aller-game danca tonight at Ihe armory, with Pet Colley'e bund playing. Medford and Klam ath teenager alike ar invited. The dance la sponsored by Jobs Daughters. Admission will be the usual to cent atag and M cent a counle. (Spectators at the game tonight can expect to see a fine half-time program, for the marching band and pep pepper hava been work- BARGAINS IN USED WASHERS AS LOW AS $10 Gear cai f lushed worn parti replaced Motor Certified O.K. Written Guarantca Autometicl or conven tleaels . . . Mayteji, Eeiy, Speed Queen, Zenith, Kenmore, Apes, endis, Cf, Hot Point. All cempletaly checked and reconditioned! GeMraatoe Rebuilt Wewleera 1H MERIT'S 609 So. 6th Fishbeck To Head Group Klton Fli-hbeck. principal of Bhssta school, vice president ol I Uie Oregon Association of Hcliool Administrator will attend the an-1 nual meeting of the organization In Salem, October 15 1 G. He auto matically becomes state president during the sessions. Hn has been principal a'. Shasta lor Uie past eight year nd he Is a member ol tho board ol trustee of the Oregon Education Assoc. Theme of the meeting will be "Public Relations." Dr. John Bartky, dean, school of education, Stanford will be ban quet speaker on the opening day. Roland Parka, Ashland high school Srinclpal, former Klamath county acher will emcee. Speaker on Tuesday will be Dr. Paul Jacobson, dean, school ol edu cation. University of Oregon: Ben. Dean Wallace, Independence; Prank Bennett, superintendent, Sa lem schools; Mrs. rioyd Barrett, vice president, Oregon Congress Parents and Teachers: 8. E. Brog olttl, chairman, state board of edu cation and prealdent, state school board association: Jack Edwards, deputy superintendent, Portland schools- NPKCIAL SK.ASON BEND, im A special hunting season for deer without antlerj will open In Uie Silver Lake area tomorrow- The state game commission Is sued 4000 special tags for the hunt, which was authorized to halt overgrazing ot Uie Sliver Lake region. Hunter will be required tq report In and out at lour checking stations. to rUv mlaerle I K ft without dosing, rub on V lit 5 wl lng hard. Meeting last night on the field at nine o'clock, they practiced Uie formations with the.r flash light to gel Just Uie right effect. Make tonight a big one and we'll see you all at the game! 15th ANNUAL KLAMATH BASIN POTATO FESTIVAL QUEEN'S BALL Saturday, October 13 Merrill Community Hall Candidates: Wilma Paulk, Merrill Polly Haynes, Tulelake Betty Lou Gober, Henley Leah Dye, Bonanza Barbara Saylers, Malin Velma Reese, Dorris Mu.ic ty Baldy's Band Donein9 10 2- Admission $1.00 per person, tax included . .11 L7" hrr from Talking Machines to Telev.sion in 35 Yea j Harvest Specials on SILVER PLATE ' iiv1 ' In the face of rising prices . . . . . and through a special arrangement with the manufacturers . . . RICKYS offers this fine silver plate at these low prices. Come in today . . . and see it's outstanding quality yourself! No Tax On Sllverplated Flatware r n (oo . Plus ... bring unexpected Low Save up to 50! FREE GIFTS! as indicated below THE INTERNATIONAL SILVER CO. Makers of 1847 Rogers Bros. 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