Vernonia eagle. (Vernonia, Or.) 1922-1974, September 25, 1925, Image 7

Historic Oregon Newspapers

Vernonia eagle., September 25, 1925, Image 7

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About Vernonia eagle. (Vernonia, Or.) 1922-1974 | View Entire Issue (Sept. 25, 1925)

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Newspaper Page TextEASING THE BURDEN OF STATE TAXATION Banker Pointe Out Benefits of Community Property Sys tem In Some States. immunity from state InheritanM taxes likewise now extends to ’com munity property’ of non-resident mar ried persons, who hereafter take up their legal residence In the state. This puts ’community property* In a more favorable position regarding death taxes than exists In any other state In the Union, with the possible exoeptlon of the other cpmmunity property states. This extension of ths exemption will add 15 per cent to property In the state coming under this deflnlton. which means that ap proximately 80 per cent of all prop erty probated In California will enjoy the lightest death taxes tn America. "To illustrate. the following exam ple of a man survived by a wife and two minor children Is computed, the estate consisting of ‘community prop erty’ all left by will to the wife and children. One-half of suc|i property would go under the law to the ylfo without any death taxes, and the other llalf only would be subject to both state Inheritance And Federal estate taxes. "As a enblect of comparison, take a elite which ha« no*Inheritance tax. ■neb as Florida If the com parison were made with the states which Im- pose inheritance tax«« hut do not have the ‘community property' system, the advantage tn favor of California would even be more striking Salat« of 1100,000 Total Tax Favorabia aspects of tax systems are now among the most highly prised assets of our states, it is pointed out in the American Bankers Association Journal In connection with an article on how California, which has never had a state income tax, cuts state and Federal death taxes nearly In half by the "community property" system. L. H. Roseberry, Vice President Se "If the two children were adult«. curity Trust and Savings Bank, Los the California tax would be Increaied Angeles, author of the article, says that's Hfcent amendment to the tax law enables future residents, of the state to take advantage of 1L Ref erence is made to a former article by Assistant Secretary of the Treasury Dewey, voicing the need for death tax reform and citing a hypothetical case involving California inheritance taxes which might have been levied In 1920. Since that time the laws bare been ¿hanged, Mr. Roseberry deciares, so that the figures then given do not correctly represent the present sltua-« tlon. He aays: "Ever since its admission Cal I for nta has had-the ‘community property1 system. Eight other states have a similar system. ‘Community proper ty* is property accumulated by mar ried persons during their marriage, exoept that which is acquired by gift, bequest or Inheritance. Approximate ly 55 per cent of all property In tho state is ‘community property.* Such property in California enjoys the moat favorable position In regard to death taxes, both stats and Federal, of any stat?, tn the Union (excepting posal bly the eight other states having a similar property system) including states boasting of no Inheritance tax whatever. The California ‘communi ty property' system Is recognised for the purpose of levying Federal estate takes, and only one-half of It Is now so taxed, while tn Florida the whole es tate of a decedent Is subject to tbe Federal levy. How the Lew Works "California's taw expressly provides that upon the desth of either husband or wife, testate, only one-half of their net ‘community property* shall be subject to Inheritance taxes. The seme exemption applies upon the death of the hueband. Intestate, while the whole net ‘community property' Is totally exempt from all state tnher Er * ! F » ází jp itance taxation upon the death of tho wife Inteatate. The Federal estate tax taw now follows precisely the Cal Miss Mildred Couch placing the last of the signs outside of Washington ifornia taw In this respect. to guide the huge caravan of thousands of cars on their wn.v to the capital "As tho result of an amendment to atteud the Muctube** annual convention. • r made to the California Inheritance tax law by the 1925 Legislature, thia DR. ELLA WIGHT DR. C. J. WIGHT S. WELLS Calfforhla . ................................. None Non-lnh.rltanca-tax »late .... 15 >0 Advantage In favor of Calf. fornln ............................... M* Eatat. of 9200.000 California .. .................... »0» No-inh«ritanc«-tax alate.... .. 5.000 Advantage In favor of Cali fornia ............................................ ».09» ■ etate of 5400.000 California ........................................ • T79 Non-lnherttance-tax »tats........... 11.000 Advantage In favor of Cali fornia ........................................... . 9.120 Batata of 910.000.000 California ....................................... lll49.ll*» Non-Inheritance-tax etate........... 1.K41 5<>0 Advantage In favor of Cali fornia ........................................... 1.294.»4» MERCHANT TAILOR Cleaning and Pressing Repairing and Alterations I : We CaU for and Deliver Within City Limits i CHIROPRACTORS Rheumatism Neuritis ! Stomach, Liver and Intestinal Troubles. Delayed Menstruation - r Bridge Street MAIN 891 DR. H. H. HURLEY Dentistry : Vernonia, Oregon Evenings by Appointment Q\>Hall every Second and r Fourth Thursday nights. WANTS and FOR SALK M. D. COLE Wm. Folger. Master. O. F. TIPTON, Sec, Visitor* Welcome All ads. under thia head »re cash with copy. Rates, one cent a word; initials and figures count as words. Minimum, 25 cents an issue. .■■■' J ■■ '■'TJ i. DENTIST Vernonia, <__________ FOR SALE L O.O.P.—V ernonia L odge , N o . 246. FOR SALE—PERRENN1ALS FOR meets every Tuesday night at 8:10 Fall planting, potted plants and cut flowers. tome select your o’clpcjc, in Grange Hal! Dahlias for spring delivery. Rock M. L. GAINES, Noble Grand Creek Floral Gardens, Mrs. W. P. O. Mellinger Secretary J. Gooding. 7-4** Lester Sheeley Attorney-at-Law Vernonia, --- -> Wheat crop on Gore ranch, near Jacksonville, threshed 70 bushels per acre. will eat more for breakfast if you make toast taste better. With a Manning- Bowman toaster you make two big slices of toast— quickly. You get that crunchy crust of even, golden brown, that makes the first bite taste like more. The Manning-Bowman toaster is made to fit J the bread—you don’t fJ 1 V Mcans • B Be st > have to make the bread b fit the toaster. It is toasting bread on both sides at once—You One style reverses the toast—an appre simply drop a slice of bread in the toaster-and save ciated convenience the bother of turning it over. every time you make ____________ It makes the best toast you ever tasted—an even and eat more toast. Mrs. M. N. Lewis & Co. Fourth & Main Sta. Hillsboro Opp. Gilby Motor Co. on Bridge street and Grant Ave. The The aides lift right off the toaster. Crumbs and dust may be swept out—It’s easy to Two heating elements—both It is finished in Manning- Bowman nickel plate and or It makes a finishes slice of sides of the bread toasted to- toast in 52 2-5 seconds. It’s gether. fast! LARGE SUE AUTOMATIC RELEASE You never have bread to fit this to cut toaster—It Press a cool button at the end of the toaster and CURLEY’S TRANSFER COMPANY Local Hauling and all kind* of team work Office at Kavanaugh Land Co. SPECIAL CARE WITH _ FURNITURE HAULING Phone 563 Res. Phone 658 Vernonia, Oregon V 7 SEE THE VERNONIA TRADING COMPANY for Dupont Explosive« and Blasting Accessories toast pops out at the top—It’s perfect table setting. real big loaf. convenient. Company In Vernonia Electric Ranges, Sweepers, Sewing Machines. Toasters, Iron and other appliances, Electrical Wiring. YOU get all details better by selling the car, hence our invitation to you to call—See this New Chrys ler perform. Feed, Grain and Hay BRICQUETTES — Best heat, no ashes, lasting. Just the thing far incubator heating. the takes a full sise slice from a ower is a winner. It is dou btful if any new car has ever been forced to meet such an avalanche of buying orders. > Lisse, Brick, Plaster, Cessewt namented with a simple relief design—It harmonises with a ^emonia Vernonia can See the Chrysler Demonstrated at the Monkey Wrench Garage. The Chrysler Four clean I BEAUTIFUL Chrysler CAR ~ Vernonia ------ / ■”..... o t b* EEL) Catering to the traveling public. You will be cared for at the Nehalem Hotel Like a Sensation ACTION? TOAST BOTH SIDES Newly Furniriiel Throughout Modern and Convenient farm has two that will pay Wm. Pringle, Prop. <--------------------------------- - DOUBLE SANITARY Oregon I i Gresham— Local factory putting f Warrenton—Warrenton Clam Co. out superior new washing machines will pack 400 cases clams this year. Features That Are > r __ J crisp golden crust with the moisture all rtained in the centre. Oregon Knights of Pythias. - y FOR SALE—One team, three years H arding 1 x > dge , 116. old, bridle broke. WiU weigh 26 Vernonia, Or. — Meets to 28 hundred. Price >200.00 Call every Monday night in r Grange Hall. All visit at A. B. Counts place, 2 miles GEORGE H. SHINN ing brothers cordially from Vernonia on Rock Creek. President invited. 5-3t Chas. Mellinger, C. C. Columbia Co. Abstract J. B. Wilkerson, K. of R. S. Company FOR SALE—Choice corner on Bridge street, some terms. E. S. j St. Helens, Oregon VERNONIA GRANGE V_________ __ ___________________ X Cleveland 45-tf! The Vernonia Grange meets on th second Saturday of every month st r WANTED 7:30 P. M. Any members of th Chamber of Commerce Grange living in or near Vernonia WANTED— Old cotton rag* at the or visiting in the community, are Eagle office, must be clean, cash -LUNCHEON- cordially invited to attend. paid. 40-tf First and third Wednesday noon F. E. MALMSTEN, Sec of each month at Clatskanie—Contract let for new Quincy school, 'to cost >10,183. r •\ HORSESHOE CAFE ----------- I “MARK EVERY Sutherlin—A. C. Brown received All members turn out GRAVE” >936 net for one ocre of pepper Visitors welcome mint. I You will find at our shop the L. R. Gilchrest Lester Sheeley President Medford—Last wooden buildin on Secretary finest granite. "Rock of Ages,’ Main street being replaced by mod and "St. Cloud,” “Ashland,” em store. granites and various other marbles. ( La Grandt—O. W. R. A N. rail aLookI Lie tea I road to spend >100,000 on track im i Reduction In Price« provement near here. —For Sixty Day«— NEHALEM HOTEL Reedsport—Filling in city streets Rainier—Knutila •under >100,000 dredge contract in acres string beans progress. >325 an acre. WHAT IS i ! Office c««r Halton’s Store Vernonia, Oregon Vernonia Lodge, No. 184 A. F. 4 A. M., meets at Grange V Classified Advertising Hutting Up a Sign for Maccabees Make Toast Your Breakfast Food and X-Ray : ■O— C. Callendine MONKEY WRENCH GARAGE —Warekousa South of Pup e t Vernonia Trading Co. Wholesale and Retail Vernonia, Oregon ........................ -V "Higher and higher building* and ever greater concentration of busi ness are not so much monument* of business enterprises as they ar* symptoms of economic waate.”— Harlan Bartholomew, city plan *n- ginaer of SL Louis.