Show b DU PONT TAXES i j t HIT 5 56 6 MILLION V j WILMINGTON Del Feb 6 J Pl P j E. E E. E I. I Du Pont de Nemours company will say In its forthcoming j annual report that In 1940 the j company's total bill for direct J taxes was approximately 56 jj 1 at the rate of more than a million dollars a week The only operating cost items of greater magnitude were wages 1 and salaries about 5 and raw materials about the report will say Of the total direct taxes of j about were payable to the federal government nt i This compares with j for 1939 an increase of more than per cent The federal tax Jj on 1940 earnings was more than double the amount it would have been if the 1939 tax law had re remained remained remained re- re in effect An accompanying chart showed j j i that taxes paid by the company since 1925 as per cent of earnings earnings earn- earn J 3 ings available for dividends Increased increased increased in- in creased from 48 In 1927 to in n 1940 J I JEven Even those figures the report 5 will say substantially understate the company's total tax burden first because they Include no al allowance allowance at- at 1 lowance for taxes not directly assessed assessed assessed as- as 4 against the company yet indirectly paid by it as part of the 1 cost of doing business and second second second sec sec- ond because they exclude all taxes paid by subsidiaries not wholly owned and also the taxes paid by General Motors corporation corporation corpo corpo- ration attributable to your company's company's company's com com- pany's ownership of of approximately approximate approximate- ly 23 per cent of the common st stock ck of af that company |