The Key West Citizen Newspaper, May 17, 1934, Page 4

PAGE FOUR © ~GOMPTROLLER LEE “CLARIFIES MATTER “ON ESTATE. TAXES “ENDEAVORS BEING. MADE TO ESTABLISH RULE THAT WOULD PREVENT EVADING ~OF PAYMENTS SS (Florida News Service) Soom TALLAHASSEE, May 17—Is| =the time elément expressed by law —enor-the im) fied “intent”. fof» wealthy: man as he decivuae —"chFoperty tov relatives or frierids fh Soothe later years of his life té -be mowheld as the guiding factor in the} wom Seitlermnent of federal’ and state Sikes on his estate? = Bpon the determination of this point rests thé possibility of Flor- ida’s treasury palances being ma- "ment of various estates under the * federal and,Florida estate tax ~ law of Florida and the United * States the Florida State News will | say Friday. terially inereaséd through settle-j| AMERICAN LEGION War Prcrones | Several opportunities are said} to present themselves in this re- spect and Comptroller J. M. Lee is investigating the possibility of! a having included as part of taxable | estates property given away by wealthy men prior to death, though the date of the gift is more than “two. years prior to death” which is the time limit set up in the statute as the period within which all gifts are “deemed 60 have been made in contemplation of death.” ; Regarding Trgnsfers 3 In other words, the estate law says’ all gifts made in contempla- |. tion of death must pay the estate tax just as if the gifts had not been made before the donor died. It further sets up that all gifts or ; $ransfers made within two years! of death are prima facie “made in contémplation of death.” Some contend that this two} = year limit is positive and that the; = government can not collect a tax > if the gift or transfer was more \LENIN EMBALMERS | FIND BODY PERFECT | No. 3 King George of England. No. AFT ER FULL DECADE: twe ‘years. befoxe- death. Eger Lee-hopes he will be! able to sustain the contention that | the time limit ix not a bar to the | * government if it can establish bes ee decendent had reason to at the time of the gift; or! transfer,. that he might die and made the gift or transfer with the intention of evading the — estate tax, Th other words, it is hoped to ‘eollect if the intention was to. evade the tax, regardless of when’ the gift was made. It is pointed! out that it might he possible for! physician to warn a man he! Would not live another six months, | leading him to make a deed of} trust, and then the man “fool” the | dostor, as thousands have done by moving to Florida, and live ten to thirty years longer. Hf such facts could be proven, '. the state and the United States, . government wants the right to, submit such proof, and require payment of the tax, regardless of. the two year limit. > Factor Until proper investigation dis-: closes the possibility of success. ! fully sustaining the contention| —~that “Intention” and not time lim. | its govern, it is not known wheth- er the or the United States officials will take action, ; if it is congeived logical and pos- indih’ event courts sustain’ theory of jntent as a guiding it is said that one estate! brifig in several bhun- Fa Ber ‘Hollars to the fed-, eral and state treasuries. In fact, it is admitted, that if the amount that might be recov- ered through sustaining such con-; ‘terition, could be brought to set-| tlement at this time, the state of | Florida would realize enough to pay off the state’s present float- . : . er ts rreee ee ec ee eer eer ery est eecer eee cer ey 1 Bundle Miienmrraenma (Lad, ee ee Cd r residents owning , Property [Flori i 25 in bundle THE KEY WEST CITIZEN hd hhh ahd, soviet scientists who for ten years have béen responsible for, the “preservation of Lenin’s body, are hopeful that the embalming meth- ods they employ will be effective indefinitely., The body, which lies in a glass enclosed catafalque in a great granite tomb in Red Square, re- (Rs Associated Press) {Lenin for their work; MOSCOW, Mi 17.— thatthe body will last “many tens . ph aha eid of years” longer, Lenin died Jan- uary 21, 1924, "|HEAD OF MAMMOTH BREW- No. 1 Seasoned French veterans return to the front. No. 2 German tanks ploughing thru a French village. 4 Ruins of the Cathedral of Albert In France. facial expression has not chang--| SPAIN’S ADVERSE TRADE | * (By Associated MADRID, May 17. statistics show that year imported goods about $165,000,000 araye: PY Fos Mage worth, an a able trade balance of $31,0 The debit balance in 19: $44,000,000. Prens) — Official last at ted vor- 000, B wai * Without revealing the seeret of their process, the two men who re- cently were awarded the Order of Sait predicted am valued A British inventor: claims; have developed a machiné which tells if two people afe «really in love and to what extent. eently whs’ examined by a special } commission of scientists and pro-! nounced in perfect condition. “We had to use unprecedented | methods. in the performance of our task,” said a statement from: Professors V. P. Vorobiev and B. j I. Zbharsky, the biologists who reg- | ularly attend the body. “Embalm-' ed Egyptian bodies turned dark fi] and became mummified but Len. in’s body has remained intact, kept | its natural color and even the: indebtedness and balance the! all-time budget. | In discussing the mattet, Comp-! troller Lee took occasion to cor-; rect the impression that seems to/ be widespread that Florida. im- poses an estate or inheritance tax additional to the federal tax. Flor- ida does not do this. Florida mere- | ly receives 80 percent of the es-' tate tax levied by the United States government against _ resi- dent estates and its proportionate part: of the federal tax on non in ee Key West's First Funeral Honte Key West's First Ambelance PRITCHARD Phone 548 Never Sleeps ST \ OLD PAPERS For Sale for 5c A hth emetanan 2 Aecenitleepeathenetthnewatoe Ch he heude hudercke ude uke Sete “THERE is still only one refrigerant that positively keeps your vegetables as fresh and I C E ctisp as they should be... ICE! And fresh, crisp vegetables are not only,.more appetizing, more wholesome. Use good, pure ICE. ICE REFRIGERATORS Made of All Metal—Equipped With WATER COOLERS They're Economical! 100 Per Cent Refrigeration Satisfaction. PRICED AT $30 and $35 seccceses: hd Thompson's Ice Company, Inc. ‘|BUSCH HIPLANS ABOUT ABSENCE. OF NICKLE BEER direct. taxes levied by the federal, state and lo¢al governments. addition to ° these tremendously; burdensome taxes, there is saa-| dléd upon the * industry another| enormous expense of intricate ac- ;counting systems to meet the tax {regulations of the three different! ERY CLAIMS HIGH TAXA.|governments. Also with expen- e details of manufacture and TION IMPOSED ON PRODUCT administration. IS REAL CAUSE | Other Expense “In addition to the direct ‘ and indirect taxes, the industry. -is [now burdened with the expense }of maintaining the brewers’ code mit ‘What price beer? The question is asked why we are not having a} boards of the brewers’ code’ au- { thority, and indirectly, when or- j Sanized, with the expense of mal | distributors’ code authority and! vol ; Whatever regional boards are set! 7, up for the enforcement of that j code, BA Inc., of St. Louis, the main reason} “Every brewer, large glass of beer fora nickle. According to Adolph Busch, HI, | president of Annheuser-Busch,, of course, iknows that he must pay @ mahi- factuters’ tax, plux a tax of $5 a barrel to the national government. Those brewers who, fortunately, confine their business to the state; of pel is high taxation imposed by fed- éral, staté and city governments. in Writing in the Western Brewer, the national brewers’ monthly, j Me. Busch says in part: sale of beer is now legal, and the \regulations of liquor cotitrol) boards which impose heavy addi-+ | tional expenses upon brewers “The most serious problem in! tie brewing industry today is not! nly. the amount of taxes, but the multiplicity of same, plus the cost of administration oh account of}. en, the midst of one of the “It is unfortunate that within 8] severe business *depressions year after -the -legalization of | experienced if, this country, r, when the brewing industry; that the economic argaménts is still struggling to get on Sal to the most and} in its|favor of the legalization of beer PROVED- of by millions of miles testing by engineers PROVED- in the hands of hundrec of thousands of owner: tesbdah staes And they have proved, to their complete satisfac- tiem, the same things that hundreds of thousands of Chevrolet owners aso proving in their daily driving. Tho Chevrolet ride simply can't be muncbed by any other in the low-price field. That's why we urge yea to “Drice it only 5 miles”—and that’s why we promise, “you'l never be satiafted with any other low-priced car.” CHEVROLET MOTOR COMPANY, DETROIT, MICHIGAN whatever butden of taxes the fed-' have been considered _ government put upon its.pro-; beer year, the records of the fed- lacts. only way out for the industry, The 27,000,000 barrels of beer wete leaders of the industry who ap-| peared before: the House and Means presentation of these argumen called the attention of the industry was willing to pay $5 a barre) tax on beer, they believed the government would derive frequently | authority and the -18 regional) #*edter tevenue ftom a lower tax. GW, that this forecast was correct. The revenues.as the federal jin which they are located, are not{ ment, also «laid additional heavy! | bothered by the great variety -of| butderis of taxes upon the brew-! | taxes in the 45 states in whieh the} ing industry. ' Shipping into these several states.| the rétail dealer, ‘the farmer, “We must recognize the, fact, it] government, afd the consuming is true, that beer was legalized in} public. - ever} limited ‘to the © federal mnt, as before national prohibi tion. timérgéencies, the federal tax _ THURSDAY, MAY 17, 198%; —— |tect after 14 years of Tegislative-| carried considerable weight avith} beer was only'$1 a barrel. In that enforcer ‘idleness, it finds itself} the members of congress in bring-| year it was increased to $2 a bar- overwhelmed. with. direct and in-;ing about its brewing In! paralyzed by the prohibition legis-' of 1919 it was increased to $6 & lati legalization. The'rel, and in 1917 it was increased industry; . having been to $3, and in the last few months ion, was quite ready to assume barrel. While 1919 might not anormal Tt was, at the time, thejeral government show that only | Sold in that year as compared with Ways! more than 66,000,000 barrels in the! 1914.” Committee, in com-} DIES AFTER COMMUNION ittee to the fact that while the/ MEMPHIS—After he pattéok of communion at the Trinity 4' Lutheran Uhureh in this city, Fred eturned to his pew and Forecast Correct H fell dead, “The lapse of a year has proved Subscribe for The Citizen: lume of beer sales from April |—— 1983, to'Dec. 31, with beer} legal in more than three times the téftitory- in which it was legal in} 1916, was équal to only two-fifths the volume of sales for the same} riod of 1916. State and local, governments, finding themselves) @qually -as great need for| govern- “Consequently, the value of és is fedui¢ed all along the tine| thé economic disadvantage of | é ménufaetiirer, the distributor, | e the! 1904 there Sho tat EY wage es casbear. (USA) Now there are i *Djfect thts on beer should be! govern-| Up to 1914, except in gee) on} SAVE WITH A CHEVROLET SIX MELTZER MOTOR COMPANY Phone 377 . AS