Evening Star Newspaper, June 11, 1935, Page 13

NEW TAXES IDEA House Group Poll Indicates Inheritance and Gift Levies Passable. freowrizns 1055, by e dmveciate Press.) A poll of the House Ways and Means Committee showed today that if President Roosevelt should suggest heavy inheritance and increased gift taxes as & means of redistributing wealth his proposal would fall into sympathetic hands. The check disclosed that of’ the 25 committeemen, 14 would go aleng on an inheritance-gift tax program, most. of them without qualification. Two others said they would not, while nine were doubtful. A Democrat who is one of the two opposing such an idea said privately the President had been told any change in basic tax structures a year | before the next presidential elecmn. would be “very bad politics.” Any tax measure proffered “ould\ either have to start through Congress by winning approval of the Ways and Means Committee or be attached by the Senate or House to some other bill sanctioned by that committee. Fog Shrouds Plans. No one on Capitol Hill had any positive idea as to what inheritance | and gift tax rates might be in mind. The survey of the House Committee ‘was made on the basis of an assertion by Secretary of the Treasury Morgen- thau before the Senate Finance Com- mittee. Saying that if the bonus were paid new taxes would be needed, he asserted that the application of pres- ent income tax rates to inheritances and gifts would bring in $300,000,000 to $600,000,000 annually. That would mean taxes ranging from 4 per cent on inheritances and gifts of more than $50,000 to nearly 63 per cent of t"ose over $1,000,000. ‘There are no direct inheritance levies now, and gift taxes range from three- quarters of 1 per cent on gifts under $10,000 to 45 per cent on gifts over $10,000,000. Most Ways and Means Committee members requested that their atti- tude toward the suggested increase be kept anonymous. One of the com- ittee’s tax leaders, Chairman Hill, Democrat, of Washington said last week, however, that such a plan was & “wholesome idea.” Great Britain Cited. Representatives Sanders, Democrat, of Texas and Dingell, Democrat, of Michigan, made no secret of their positons. The former said “our estate taxes are nowhere as high as those in Great Britain.” Great Britain now has what are | called “death duties” which, eccord- ing to figures here, brought in $400,- 000,000 last fiscal year. The United Btates’ estate taxes are estimated to yield about $190,000,000 this -fiseal year, ending June 30. The United States’ estate tax is paid by the es- tate. It ranges from 1 to 60 per cent, with amounts paid to States | deductible. Some committee members, dubious about the results of imposing taxes of 4 to 63 per cent on top of the estate levies, suggested it might be advisable to consider rearranging the present estate tax system. 2 -Hypethetical Case Given. . 3 ‘They said the effect of the taxes difcussed by Morgenthau would be this: A $15,000,000 estate might, first, pay $7,386,600 in Federal and State taxes, leaving a balance of $7,613,400. If all that money were left to one heir and subjected to taxes as un- earned income, the Government would collect around $4,500,000 more, leav- ing the single heir only about $3,000,~ 000 out of the original $15,000,000. ©Of the 14 committee members who indicated they would favor a program like that mentioned by Morgenthau, 13 are Democrats and one a Re- publican. Those in doubt included Representative Lamneck, Democrat, of Ohio, who is ill; three more Demo~ crats and six Republicans. The two who said “no” are Democrats, 2 TO GO TO ANNAPOLIS District Naval Academy Noninees Picked After Examination. ‘The District Commissioners yester- day announced two nominees for ap- pointment to the United States Naval Academy. They were Roger Warde Paine, jr., 2928 Cortland place, and Charles Richardson Chandler, 2901 Grant road. Alternates, in the order’ of their marks from the competitive examina- tion, were: Miles A. Libbey, 1359 Girard street; James Collins Bidwell, 3407 Ordway street; William Robert Riedel, 1818 Ingleside terrace; Can- terbury Brooke Pierce, 4707 Connecti- NIGHT HORRORS. ON'T combine horror pictures and museums, we are warned by George W. Pfeiffenberger, 1007 Otis place, who tells us of the moving monster of the Mall. The other night, after viewing a picture that abounded in spooks, ghosts and other horrible machina- tions, Mr. and Mrs, Pleiffenberger chanced to drive past the National Museum on the road skirting tne south entrance. They were discussing the film they had seen. “That sort of thing is -ol.mpoulhle. Mr. PfetfTenberger said scornfully. Just then Mrs. Pmflenbulfl screamed. Her husband looked in the direction of her pointing finger. Outlined in black on the large shaded window of the museum was the skeleton form of a gigantic pre- historic monster. It was moving. Their coupe seemed to leap forward as Mr, Pfeiffenberger stepped on the gas. Then twentiethr century reason replaced medieval imagination. “It’s just & shadow,” sald Mr. Pfeiffenberger. “And the window blowing the cur- tain makes it move,” said the Mrs. * ok K X ELEMENTS OF MECCA. Five_acres of palm leaves have been used in decorating modern Washington into @ semblance of the Shriners’ Mecca. In addition, they have put up 25 miles of electric wire, 54 electric poles, two tons of sheet metal, 1,500,000 jeet of lumber, 30,000 electric lights, 200 floodlights, 2,000 flag poles, 5,000 flags, 20 miles of canvas and 10 miles of muslin and bunting. * ok ok K CAPITAL CONFUSION. avenues running at angles must be bad enough, but the Shriner from Omaha must find con- fusion worse confounded when he contemplates Capital names. Union Station Plaza is where one | gets off the train, but Union Square Sherman Square is located south of the Treasury Department Building, but Sherman Circle is at Seventh and Crittenden streets. Logan Circle is at Thirteenth and P streets, but Logan Park is at Four- teenth, U and V streets southeast. Lincoln Park is at East Capitol, Eleventh and Thirteenth streets, but the Lincoln Memorial is in an en- tirely different park—West Potomac Park, on the banks of the Potomac River. ‘Water street and Warder “street ,uound about alike, particularly over & telephone. Grant Circle; at Pifth and Varnum mm is & good many miles from the o e Cugl B, st th vend of a of the Ma % Folger Park, at Second snd Third, —— cut avenue; Johnm J. McCue, 3020 Channing street northeast, and Ed- win F, Black, 2116 Eighteenth street. 1,200 Osakans Celebrate. Twelve hundred prominent govern- ment officials and others joined in the recent celebration in Osaka, Japan, marking the. tenth anniversary of the expansion of the city. CRUISE TO Tw‘ wonderful days-in Bali... time to explore this gorgeous island. There’s al/ways extra time rt, because the Empress goes faster between stops. Next Winter, from New York Jan. 9. 31 ports. 130 days. . Fares from 32150, shore trips included. With See ypur own ¢ or Canadian. Pacific, York Ave. NW., W-‘ngum, D. C. National 0758, CRUISI » Random Observations of Inberesting Events and Things. D and F streets southeast, is nowhere new Supreme Court of the United States Building, which is often con- fused with the Su e Court of the District of Columbia when they say only “Supreme Court.” Franklin - Square, at Thirteenth, Fourteenth, I and K streets, is-a far cry from the statue ralsed up to old Ben Frankiin at Tenth street and avenue. Mount Vernon Square, Seventh and Ninth streets, tainly & good many miles from the famous Moubnt. Vernon. Shepherd Parkway at tol street and Nichols avenue south- west, is very far away from the statue to “Boss” that sits in front of the District Building at Fourteenth street and lvania avenue. And then if ‘the Shriner from Omaha hasn't got something to think about by this time, he might wonder NEVER-EN’DING traffic circles and | bizarre | is being constructed just west of the | | Capitol. why three of the greatest meén who had to do with the upbuilding of Washington ‘are not ‘even honored adequately yet—after the lapse of & century. President Thomas Jefferson lacks a suitable memorial. Maj. Pierré L’Enfant, who designed the city, has no fitting monument, and James Hoban, the Irishman who bullt the LOW PRICES STILL IN EFFECT Buy the Best Penna. Anthracite and Save Monzy R.5. MILLER 805 Third St. N.W. Phone Nat. 5178 ACID 'INDIGESTION! Acid indigestion causes gas pains, upset stomach, nausea—you “feel bad all over.” If you are suffering from these distressing conditons, you need Father Kelly's Preparation, a pleasant | pure, tested drugs, long recognized for | their beneficial effects. Thousands of sufferers have found welcome relief | and are recommending this excelient preparation to their friends. Father Kelly's acts as an antiacid and brings prompt relief from gas pains, bloated stomach and conseguent nausea. 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And what a riet of scenery awaits you . . . scenery hitherto known only to hatdy pioneer miners and hunters! spectacle . lentlessly Every moment a new .. farflung peaks with snowy it goent i 3 rushing waters of the Colondo"fino—cor:rf':l.u:'y'o:l and wooded valleys—truly one of America’s grandest scenic areast AIR-CONDITIONED LUXURY Through Pull-m on the crack ARISTOCRAT take you direct from Vhl- "‘fi‘* Lake 11“" Ar.San Francisco 8:50AM Wed. BURLINGTON ROUTE, E. % l- !flclly-.”“- Sfla"uu l.wu‘ M~I Tunnel 5 ArGleswood 9' a-.u.S n.n. w.n..a\vumuulc § 2&10:.—50”-.&’5?‘.,.) at_South: Capi- | of liquid scientifically compounded of | by near Foxhall Village. * %k % % ABSENT-MINDED PROFESSOR. Smc:mo»mywmcnm Va., left the Asgociated Press to work ab mumut:“m quickly acquired the famed : scholarly men of learning, that absent-mindedness. Within three days he forgot the following: 1. A package, left on a trolley. 2. Laundry, left on & bus. 3. Raincoat, left in a drug store. 4.tuansmddl). bile, left in Washington and w .only after he arrived home on the bus. * %k * ¥ UNHEARD MUSIC. wummm most optimistie , poured soul in the music of his native land beneath the window of the chemistry laboratory. Omoimodmnmhhnpwud window. TRAYM 0 @ and enjoy prodigel luxury ot no greater cost thén of places with fewer advan. tages! Relax on our brood sun decks over the ocean, surf bathe direct from your spacious outside room, ine dulge yourself in all the extra benefitsthat, at The Traymore, contribute to a happier holi- day ... Above’ all, the rates are most reasonablel Rates from $5.00 furepean $8.00 American bt NNETT E. TOUSLEY, Mon CAMEL CONTEST. Zor, Zora and Rufus arrived yes- terday. They are, of course, the three live camels that accompanied each week end to take children for Jree rides. There is a deep- seated rivalry between them that may be settled during the current Shrine conclave. 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