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Deadline 11:30 A.M.
Don’t File Estimate
iUntil Last Minute
i
(By Burton Heath)
WASHINGTON — Here is a
word or advice from the bureau
of internal revenue:
Do NOT file an estimate of your
tax on 1948 income, this year, un
til the last minute.
The last minute is midnight of
March 15.
The reason for this advice is
this:
Congress is expected to revise
the personal income tax law early
this year. That revision is expect
ed to apply to all or most income
received during 1948. It is gener
ally assumed that the revision will
include permission for all hus
bands and wives to split their
joint income, as those in commun
ity property law states now can.
This would considerably reduce
the amount of tax due.
There is strong sentiment for
increasing the personal exemption
allowed for each member of the
tax family, from the present $500
to a larger figure—possibly $800
each. That would make some
change in the amount of tax due.
Finally, there is the possibility
of a downward revision of tax
rates.
The bureau of internal revenue
is not assuming anything about
what Congress will do in any of
these respects—or whether Presi
dent Truman will veto such a bill
—or whether, if he does the bill
will be passed over his veto in
this Presidential election year.
But the bureau does want to
avoid a flood of estimates—accom
! panied by partial payments—
based upon the old law. which
will then have to be amended
downward, often with claims for
refund of the payments already!
made.
If action on a new tax law is
not taken by the middle of March,
there is no option, under the law,
except to file an estimate and
then amend it late—making extra
work for taxpayers and bureau
alike, and putting both to needless
expense.
For everybody’s sake the bureau
hopes that every taxpayer now re
quired to file an estimate will wait
as long as possible, to see what
Congress and the Prseident do.
Quite unofficially, the bureau’s
personnel joins the nation’s tax
i payers in hoping that Congress
! will decide the new tax in time
| to cover March 15 estimates.
I .
! Sawmill Strike
Threat Lifted
SEATTLE. i/Pi — Signing of a
| wage pact granting a 7h> cents an
, hour increase to 40.800 Washing
; ton and Oregon lumber and saw
mill workers lifted the threat Sat
urday of the Pacific Northwest's
first major strike of the year.
Tiie agreement was reached
here Friday by representatives of
the Puget Sound. Coast Columbia.
Willamette Valley and Vancouver,
Wash., councils of the AFL lum
ber and sawmill workers union,
the plywood industry and the |
lumbermen's ndustrial relatio n s
committee Inc., an operators'
group.
It raises the base rate in the in
dustry from $1.3216 to $1.40 an
hour, retroactive to Jan. 1. 1948
The union originally had demand
ed a 30-cents an hour boost.
Although the proposal will not
i go into effect until it has been
! ratified by individual union mem
I bers and operators, their accept
ance is regarded as a formality. ,
Territorial Dems.
Endorse Grnening
For Governor
'Continued from Page One*
urer Oscar Olson; second division
—Howard Lyng and Judge Joseph
Kehoe; third — Harold Butcher
and E. G. Bailey; fourth—Warren
Taylor and Gradelle Leigh.
A new office of finance chair
man was created and Z. J. Lous
sac of Anchorage was elected to
the post.
The convention denounced Con
gress and the interior department
for their decision to take action on
fish traps before the voters of
Alaska can express their opinion
on proposed abolition of the traps
at a referendum next October.
The convention, however, ap
proved a proposed amendment to
the Jones Act to permit Canadian
carriers to serve Alaska cargo
needs and a change in the ship
passenger and car ferry service
between Alaskan ports.
Congress was asked to speed
settlement of aboriginal claims to
| expedite the development of Alas
ka. It was recommended, how
Both Extremes
COLORADO SPRINGS, Colo, —
Colorado College hockey fans will
see teams from both extremes of
the United States this season. Har
vard University’s sextet will en
gage the Tigers here in two games
and the San Francisco Olympic
club will furnish opposition from
the other end of the nation.
ever, that “just compensation” be
made the Alaskan natives “in set
tlement of a moral obligation,”
even though such claims might
prove legally unenforceable.
A basic tax program which in
cluded a general net income tax,
with clauses designed to insure
fair participation by “Outside
companies doing business in Alas
ka, plus withholding provisions
broad enough to include seasonal
employees and government con
tractors’ personnel” was endorsed
by the convention.
Included in the 21-plank plat
lorm was a request that Alaskans
be allowed to elect their governor
pending enabling legislation for
statehood. It called for passage of
the municipal airport act and the
improvement of housing condi
tions in the Territory.
m —~ '■■■■—i ■■■ - — ' — ■
PIONEER WATER DELIVERY
Phone Main 94
ERIC NELSON
WATER WORRIES?
Phone Main 113
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Make your wash day a veritable holiday by send
ing your laundry to us. You'll find that we will be
just as careful with your things as you are, and that
they'll be returned beautifully laundered.
For cleaner clothes and no water worries, simply
call Main 113.
and