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Newspaper
The Daily Mail
Location
Hagerstown, Maryland, United States of America
Date
Sep 28, 1950
Page
19
Richard A. Mullens explains how the new tax boost will affect the average taxpayer. Mullens, a Washington tax expert and NEA primer author, details the income tax changes and how they will appear on October pay envelopes.
NEA Special Correspondent explains new income tax changes. Withholding rises about 3 percent causing a 20 percent bite on October pay. Most workers see automatic adjustments. 5 percent, including farmers and self employed, may file amended estimates by January 15 1951 to avoid penalties. GI troops receive tax relief for combat zone earnings retroactive to Korea. Corporations face higher taxes. universities taxed on unrelated business. Some old loopholes closed. overall impact modest for average citizen.
Tokyo reports General MacArthur says the bodies of twelve American soldiers with arms bound were found in Chinju by the U S 25th Division. Two other men were wounded but alive. 14 Americans were prisoners. Survivors said North Koreans tied and executed them as Chinju was about to fall. A North Korean body was found among the dead. the Red reportedly refused to help kill the Americans.
When replacing a storage battery in a car, note if the ammeter arm shows discharge with lights on to ensure the battery is installed correctly.
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