Palmer, Alaska
Published once a rock at ralmor, Alaska, for the IT- tarnska Volley Farmers* Codperating
Association for tho ->urposo of giving no”S of the Associations rork, problems, and
Ac c omp 1 i s hno n t s .
TAXES 6 CO-OPS
Eclor is an article taken from the Washington State Grange Paper rhich shors hem
vigorously the Fational Tax Equality Association is bucking tho Co-op movement. The
F.T.E.A. , I : ight explain is composed of hardvrare, fertilizer dealers and othor busi
nessmen mho arc trying by any means to discredit Co-ops because they arc becoming
serious competition.
This Association is accusing Co-ops of being tax dodgers and a good many pooplo have
taken the bait. Co-ops pay all the taxes that any business nays rith the exception of
income tax. Tho earnings of a (Jo-op arc distributed to its patrons rho must pay in
come tax on their share just as"a partnership business the partners split the income
and pay tax on their share. Thg partnership itsolf pays no tax in its name.
Time and again the Co-op tax status bus boon roviovrod and upheld by Congress and tho
Bureau of Internal Revenue. Still the F.T.E.A, keeps plugging array. I thought you
would find the following story interesting.
JT7T7
"T.'SC-FREE BUCKS” ITTEA's LAT ^5T
A ner 'Tinkle in thte all-out TTTEA campaign against coouorativos is "Tax Free Bucks,”
to bo distributed to the general public, the National Council of Farmer Cooperatives
reported.
A s ulti-colored illustration almost the exact size of a dollar bill pictures a group
of plants, stores and buildings all labclod ”co-op,” and also shors "a bloated charac
ter suanosed to bo a representative of ’big birnoss co-op,' tho Council said. Various
statements printed on the "buck "are: "This certifies that '.to think everybody should
pay taxes except us co-ops,” !!U >ay ’em...no dodge ’em,” and "in tax exemption re
trust,”
The reverse side states tho "buck” is "for use in buying out or bankrupting one more
income tax-paying business and”making your tax bill higher." Several tyres of fann
er co-op businesses are listed, such as "’grain elevator, feed ruinufacturor, insurance
company, farm implement plant, farm nachinory de.alor, cotton gin-rarehouse.”
O'Tors for unlimited orders of the "bucks" rcro sent to NT2A embers, the Council
said.
1TT3A ’ TAX-FREE BUCKS' COSTLY
Tho National Tax Eruality Association's scheme to flood tho country with so-called
"Co-oa Tax Free Bucks" a-pears to have had a catch to it, in that tho association
is nor requesting a $R5 additional donation from members to finance distribution,
rhich is expected to roach 50 million or more, the National Council of Farmer Cooper
atives revealed. At first '"TEA offered to provide unlimited supplies of the bucks for
tho asking, and cnclosod order blanks.
SLIGHTLY
A UREY TED
T is issue of the V- lloy Settler is a rather abbreviated, but has been made possible
by the Cooperative efforts of Board nenbers and the llanagcnont. Tie ho-e you enjoy
it. ’
Due to the necessity of rushing the paper through in order to get it into the nail
this v/eek all advertising other than the Co-op units was Pmittod,
TV future status of the V: Hoy Settler is as yet undetermined, but it is planned
that it rill continue to be published. Text v/oek re nay knor noro about its futuro.
Salesman: I’vx; been trying to see yor for a reek. C n I -vo an appointment?
Big Shot: Make a date rith my secretary.
Salesman: I bid, and re had a rondorful time, but I still rant to see you,
sic 5?:^ 3|c
’.lion you talk, you repeat something you already knor,
Tiber, ou listen, you may learn something.