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Show EDITORIAL Take tax refund in savings bonds The new plan to give U. S. taxpayers the opportunity to take tax refunds in Savings Bonds is one that should prove a boon to individual citizens, as well as a constructive step in the direction of easing the nation's debt management problem. Public interest in this plan has been evident for a long time. A recent survey indicated that a significant number of taxpayers who received refunds last year might have taken them in bonds if given the option. Individual taxpayers can benefit from the plan by making it a method of insuring that their refunds are not simply absorbed into household money, to vanish in day-to-day spending. The plan will permit the setting aside of the nucleus of a special fund for educating their children, planning for retirement, and the like. And for all taxpayers it represents an opportunity to own a real share in America while earning a good return on their money. At present more than 45 billion dollars in Series E and H Savings Bonds are outstanding, nearly one-sixth of our national debt. The Treasurey is keenly interested in increasing increas-ing the amount of money in bonds. Saving through bonds is a beneficial way in encouraging the habit of thrift and in helping to maintain economic stability in communities. Just as the payroll savings plan has appealed to many people because it is an automatic way of saving, it is expected that the new tax refund plan will be popular for much the same reason. It would be well for all citizens who are expecting tax refunds this year to consider seriously taking them in Savings Sav-ings Bonds to benefit themselves and their country. A check mark in the proper place on the new tax forms can put you in an active role in supporting the nation, and feathering your own nest at the same time. |