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Show Highlights Of Proposed Tax Schedule ( WASHINGTON", Dec. 9. U'.fM j The married man vith one child and an income ol $5,000 a year I would pay a little less than three j times as much federal taxes as he j does now under the proposed new tax schedule of the administration. Taking the case of a hypathetical ' man as described above his tax un- -der the old and new plans his annual an-nual tax would work out about like this: (Present payment listed first 1 md proposed plan second for each tern): 'imip of-S5,0!H) a year SI 6.50 . $-12.00. Draws "0 cheeks a month, or 240 a year Nothing- $1.80. Calls long distance or telegraplis once a week-1-Nothing $2.60. Tat; os family lo theater, circus b:. f;c!):'.i or foe thai erames mie a nonth, average, cost $3 Nothing 1 3.6o. Buys radio and some phonograph records for $100 Nothing $5.00. Buys $(KK) automobile Nothing $S0.O0. Smokes one package of popular priced clgarets c ally $21.90 $25.55. Writes an average of one letter a day $7.30 $10.95. Total $45.70 $124.50., WASHINGTON, . Dec. 10. (U.R) Secretary of the Treasury Mellon's Minual report included recommen-lations recommen-lations of legislation designed to improve the country's financial structure and reduce the poss'bil-ty poss'bil-ty of future governmental deficits. The iti.'i joi recommendations .ere: 1 Higher federal taxes. 2 Approval of the war debt mor-itorium. mor-itorium. 3 Sweeping changes in the laws governing banking, particularly branch banking. 4- Vigorous" government economy. econ-omy. 5 Early government retirement from participation in the financing of railroads. 6 Exemption from income tax of corporate contributions to relief ' agencies. . |