Income Tax rise eyed in $5.75 billion bill action
A Senate House conference committee approved a bill increasing individual income tax by about 14 percent for many earners and boosting excise taxes on whisky beer wine cigarettes gasoline and more. The plan totals roughly $5.75 billion in revenue with rates set to expire in 1954 unless extended. A single filer earning 4000 would owe 790.40, up from 708. Married couples with two dependents at 8000 face 1285.60 versus 1152. The bill also offers a higher bracket option and halves benefits for heads of households under new provisions.
MENTIONED IN THIS ARTICLE
Senate
House
Truman
Treasury
Congress
Guided Missile to Be Shown at Grid Game
Dayton reports a 17 foot late development guided missile will be shown at a football game at halftime. The display was withdrawn by order of Air Secretary Thomas K. Filletter and cited as respecting President Truman's security ruling. Wright Patterson AFB confirmed the plan for University of Dayton and University of Toledo game ceremonies.
MENTIONED IN THIS ARTICLE
Dayton
Ohio
Air Force
American Ordnance Association
Air
Thomas K. Filletter
Truman
Wright - Patterson Air Force Base
University of Toledo
Old and New Tax Rates Compared
Washington reports a comparison of individual income taxes under present law and the compromise tax increase bill reached by a Senate House conference committee. The tables show the impact of the tax increase for a full year on net income before personal exemptions after deductions and other payroll taxes. Single Person No Dependents tax adjust to the new structure.
MENTIONED IN THIS ARTICLE
Washington
Senate House Conference Committee
Alamitos Bay Yacht Club Honors Winners Tonight
Alamitos Bay Yacht Club hosts a trophy presentation dinner and installation at the Lafayette Hotel for 380 members. Commodore Graham, new flag officers, and a slate of directors will be installed as more than 500 awards are handed out to helmmen and sailors of all ages and genders. Twilight sailing and the Petticoat series are noted as prominent club events.
MENTIONED IN THIS ARTICLE
Alamitos Bay
Granam
Mulhallen
Varmadore
Lee ‘Thompson
Jahr Biley
Floyd Savine
Munholand
Graham
Mulhollen
Thompson
Charles Keber
Sidney Exley
Richard Russell
Keber
Helmsamen
Plac
Ace
Teeway Sailing Club
ABYC
Originelly
Jaycees Open Festive Membership Push in Long Beach
The Long Beach Junior Chamber of Commerce launched a drive for 150 new members at a Wilton Hotel dinner. Fire Chief Frank Sandeman outlined plans for a five story training tower in Lakewood. YMCA secretary Glenn Snyder praised the drive. Co chairs Linon Enk and Jack Traty described two recruiting teams. Dick Sukman hosted. Dave Hargrave led the meeting as president. The campaign ends at the Wilton event on November 8.
MENTIONED IN THIS ARTICLE
Long Beach
Chicago Industries Fire Alertness Urged
Factory owners were urged to organize their own fire departments for air raid defense. The suggestion came at the National Safety Congress from Edward J. Kehoe, head of the fire and accident branch of the Atomic Energy Commission’s New York office.
MENTIONED IN THIS ARTICLE
Chicago
National Safety Congress
Edward J. Kehoe
New York
Atomic Energy Commissi
Also Mentioned on This Page
Francis J. Kelly
Tao
Bey Panos
By Galbraith
NEA Repvnga
INR
WEG
S. P
AGB Ruskalet
Aus
Southland Heating
Ind
Ju’ Lok
Beach Boulevang
United
AIR Lines
San Francisco
Portland
Seattle
Berbank
Bos Jeles
United Air Lines
Jaycees
Dave Hargrave
Wilton
Chicago Industries
Heangtidlivie
Emma
Ican Uality
Gros Wire
East Broadway
America
Mater
Southern California Edison Company
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!