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Tax Bonds Proposed To Ease War Era Taxes
United Press reports Senate Finance Chair George urged taxpayers may defer part of their taxes by buying government bonds. Plan would let 10 percent of income go to bonds redeemable in five annual installments after the war, with gains taxed at 15 percent. House Ways and Means Chairman Doughton urged local governments to cut expenses to ease tax impact.
MENTIONED IN THIS ARTICLE
United Press
Washington
George
Senate Finance Committee
Treasury
Roosevelt
Sen. George
Gov- SS
Doughton
House Ways and Means Committee