Independent from Long Beach, California on February 28, 1969 · Page 11
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Independent from Long Beach, California · Page 11

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Long Beach, California
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Friday, February 28, 1969
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Page 11
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The Country Parson INDEPENDENT (AM) PRESS-TELESRAM (PM~A-II "I'm glad kids think every problem has a solution -- it encourages them to find answers we couldn't." Copvrloht 1969, by Frank A. Clark Th? new (Vol. 6) booklet of 312 say- Inas nav be ordered bv sending 75 rfnu to The Country Parson, Deot. Lfil. Box 957, DCS MoinM, Iowa. S03W. John D. HI Voluntary Taxpayer Exempt, bill Urges Law That Everyone Pay 'Something' WASHINGTON (DPI) -- Philantropisl John D. Rockefeller 111 said Thursday he does not have to pay income taxes because of his large charitable donations, but he voluntarily gives the government money anyway. The millionaire brother of New York Gov. Nelson A. Rockefeller asked the House Ways and Means Committee to write legislation requiring everyone to pay "some reasonable tax." Rockefeller d e f e n d e d philantrophy's role in society before the taxwri- ters, who are investigating abuses in the tax laws. He said he has "deliberately paid" a federal tax of between 5 and 10 per cent of his adjusted gross income since 1961. "I believe that all indi- ,viduals who are able should pay some reasonable tax, including those who have become entitled to the unlimited deduction p r i v i l e g e , " Rockefeller said: The Treasury reported that in 19G8, 155 persons earning over $200,000--in- cludinp 21 who earned at least $1 million--paid no income taxes. * * * * THE COMMITTEE is looking into possible changes regarding deducti- bel c h a r i t a b l e contributions, including a 1968 Treasury recommendation to end the unlimited dedu- cation after a 10-year- period. Rockefeller falls into a small category of Americans who do not have to pay income taxes, or whose tax bill is very small, since their charita- hlfi deductions are at least SO per cent of their income. The philantropist told the committee it "is rightfully concerned about misconduct," but urged the panel not In write new tax laws that would "seriously inhibit" charitable giving. "Misconduct can be flopped," Rockefeller said, "hut we must not, as the saying goes, throw the bahy out with the hath." In discussing his proposal that everyone pay at least some tax Rockefeller suggested that a tax of 10 to 15 per cent cf adjusted gorss income would be "reasonable." He also asked that all charitable contributions by donors who are allowed the unlimited deduction, be required to make their gifts public knowledge. * * * * FORMER ASSISTANT Treasury Secretary Stanley S. Surrey said it was "vilal" that the tax laws be changed for "increased fairness and simplicity." He echoed a warning by former Treasury Secretary Joseph Barr that otherwise the nation might face a "taxpayer revolt fed by loss of confidence in the fairness of the income lax." Richard H. Wangerin, president of the American Symphony Or c h e s t r a League, testified that the 88 major city orchestras would have to seek government subsidies if restrictions are put on charitable tax deductions. The orchestras received $12 million in private funds last year, he said. YOUR CREDIT IS GOOD AT DISCOUNT FURNITURE CENTERS! hi-bockt or lo-backt PUFF QUILT CHAIRS Mr. «*d Mn, *Ufl, itt. f*OK Malt, b*ll pr,«j tagl itch S 44 (·« MbU, MttV »59.» rtf-Nti* SPANISH OAK TABLES In · tvwt MMMsM '39 storofts coiMoofi. Or- a-FT, Hime Entertainment MUSIC CENTER Automatic 4-sp«ed _ - Record Changer! 1*1 Continental dual hi- fidelity speakers! SOIRI STATE! ItlUXE RCA '»H chMitil' AM/FM RADIO Spinish oik cabinet, ornately cjived. Spice to customize with IV, bir, etc. Record holder built-in. 799 HSS3 QVILT rurru CONYERT-A-GROUP ami dutf ndsMri tV 2. SiMrt mK '· Mkk t*Urt. Wip. ,!«.! ,SOVC to MQ* 6 ^: DOUBLE DISCOUNT 'SURPLUS' ... SELL-OFF! 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