j THURSDAY, JULY 27, 1950 Truman's Tax Hike Plan Aimed at Recouping Loss By CIIARLKS MOLONY *— — * *^ BLYTHEVIU.r (AR1U COURIER NEWg By CIIARLKS MOLONY WASHINGTON, July 27. (/P)_ President Truman's $5,000,000,000 JK< hike proposal is aimed at re- •upfng less than hnIC the $10.913,000,000-a-year revenue loss the gov- friiment figured it took on' the (wo big postwar tax cuts. But it returns (lie (ax course to the upward patli followed with few exceptions over Ilic last 20 years and, In genera), since the starling days of the republic back in 1789. Tor instance, the 55.000,000,000 extra looms large against lota! federal lax collections of F.ll kinds In 1932. the pit of the depression. The Riweniment's total tax take then' was Sl.500.000.000. Fedora! rccdnts got above 55,000.000.000 in 1038 lor the first time In a peacetime year. World War I lax- rates had brought In $0.095000000 In 1D?0. Revenues at War Peak- World War TI sent revenues snaring to a peak'of $14.762.000000 In fiscal 1945, which covered the 12 months ended June 30. 19-iV-afier victory in Europe, but before victory In Japan. The 55,000.000,000 a year tax raise now proposed by President Truman *s an addition to the S36.200.000.000 In revenue officially estimated earlier would leave this year's total €ne 53.500,0(10.000 below the 1015 rk. But Mr. Truman is slated to tot for more taxes before this j-par Is over. ' Of the 23 major tax bills enacted Into law In the. last 22 years, only the two passed in 1045 (with President Truman's approval) and in 1043 (over his veto) have brought big-scale tax reductions. 1848 Act Was Cosily The 1MB -act, effective In the spring of that year, cost the government revenue figured by Secretary of the Treasury Snyder at $4.987.800,000 a year. The 1945 act, effective nt 1946's start, cut off revenue estimated at $5,925,000,000 n year. Individual income taxes, due for » »3.000.000,000 a year increase under the new proposal, got the biggest share of the postwar tax cuts —$2,645,000,000 in 1945 and J4 738000.000 In 1948; or $7,383,000,000 altogether. • , Corporation taxes, due for a si - S0fl,000,000 lift, were cut $3,140,000000 in 1045, but weren't touched in payer and de|xmdent~and the number of individual Income tax returns filed had soared to M.SOO.OOO. When the 19i8 act broadened the exemption to $600 for each taxpayer and dependent with an additional 5COO exemption for those over 65 or blind, an estimated 7,400,000 persons were relieved of Income taxes. The lax rate changes for individuals and corporations have been more complicated in character, but the rates have risen . considerably over the years, although rises have varied among income brackets. HOUSE FOR WREN - This enterprising wren built her nest in the pockel of 3 carpenter's apron hanging on a shack at a Danville, 111,, construction project. Inside the nest, out of sight, are her four young ott- 1948. Before New Proposal Before the new tax proposal, official estimates counted on a $17,000.000,000 income this year from direct taxes on individuals (some of it from estates and gifts) and $19.500,000,000 from corporation taxes. A feature of the individual income tax changes over the years has been the shifting of personal exemptions and allowances for dependents—shifts that determine for millions of persons whether they do or don't have to pay any federal Income tax. From 1D32 to 1940, these amounted to $2,500 for the married man, 31,000 for the single person and $400 for each dependent. Only 7.800,000 individual Income tax returns - were filed in 1940, since the exemptions and allowances freed, millions from tax debt. By 1948, the provision had been trimmed to a flat $500 for each tax- With the Courts Chancery: Richard Orsera vs. Sarah Orgera, suit for divorce, l.'enimon Pleas: J. E. Stevenson, Jr., vs. Willie Beaslcy. suit for $600 payment'on note. '. The pangolin of Sumatra, a member of the aiileater family, is clothed in scally armor so strong that it can resist a revolver bullet. HE'D PUSH BUTTON-Alvin Vork, lop hero of World War I, said in Wolf River, Term., that if we fight Russia we should use the atom bomb, and "IJ they can't find anyone else lo push Hie button, I will." The 63-year- old mountaineer, who captured 132 Germans by himself in (he first war, is currently recovering from a siege of pneumonia. GOP Has Trouble; Official Quits WASHINGTON. July 27 (,v,_In- leriia) dimension within Ihe Republican National bominlttcn cnme to PACT SEVEW chairman or the party'* committee. In « letter to nutional committee members and oth«r party officials, Siimmerfield charged that National Chairman Guy G. Gabrlelson planned to let the strategy group "die on the vine." 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