OCR Text |
Show Page THE UTAH STATESMAN 4 Friday, April 12, 1957 Work Begins On One Of Man's Highest Structures (Continued from page 2) was' a riveter for Douglas Aircraft. She is married and has one daughter. Her outside hobby is bouse keeping and working in her yard. Alice is just a homebody at heart . . . ithat's something we'd all like to be. Cecile Ashworth has been with 3 years, but has spent 15 years in PBX work. Before she came here, she worked at the Hotel Utah, Modern Telephone Business Service and ithe Deseret News. It's not enough that she spends 8 hours answering phones here every 'day, she also has an answering service for Professional and Businessmen at night. It's called Anser-fon- e and is so maybe some of you have used it. the capitol for city-wid- Cecile is a widow who has five ' children and nineteen grandchildren. If any of the ladies reading this would like to see some beau tiful crocheting or needlepoint, talk to Cecile she does it for a hobby and loves it. The youngster of the group (she's only been here one year.) is Joan L. Gailey. She was also with the Telephone Company for two years and prior .to (that was PBX operator and receptionist for a local stockbroker. Just before she joined the ranks here, she was working for the Paris Company. Joan is also a member of the PBX Club and for a hobby, collects menus. Right now she has menus from Hawaii, Australia and different Japan plus many from states. And another ' interesting fact, Joan is still a bride having been married just nine months. Well, there they are, the gals who keep (the Capitol wires humall very all different ming meet them charming. Drop in and see what fascinating job they and have. And remember they keep life interesting under the dome. ,- great Glen Canyon Dam. The utter inaccesibility is still no barrier to man's ingenuity. As they say in the construction business, "The impossible takes just a little bit longer." Bureau of Reclamation photo. The early Mormon pioneers did not have facilities like this g: for their attempt to establish a crossing of the indomitable Colorado River at "Hole in the Rock." This scene shows the spectacular aspects of beginning the work on the heart-breakin- History of Income Tax Laws Compared With Present Setup With the probability of a federal budget surplus this year and talk of tax cuts, let's look at the present tax system so we'll know somehting about the subject when various tax reductions schemes are suggested to Congress by various interested groups. The federal income tax laws under which we now live date to 1913 income tax and the sixteenth amendment to the Constitution. Twice before 1913 income tax laws were passed but in both instances were discarded as "unconstitutional". The first income tax rates ranged from 1 per cent to a maximum of 8 per cent. Opponents of the amendment warned, with what was then considered mild hysteria, that the door was left open to "rates as high as 10 per cent!"' Every taxpayer today pays a minimum of twice that amount; some taxpayers pay nine times that amount on part of their income. The rates paid by all of us in between would have been termed "fantastic" in 1913. Each taxpayer, whether he earns a taxable $2,000 a year or $200,000 a year, pays a basic rate of 20 per cent on all his taxable income. If your taxable income exceeds $2,00 you are in the surtax or progressive brackets. more the means "Progression" you make the higher rate you a person with a taxable income of .$6,000 a year pays the basic rate of 20 per cent and a surtax rate of 10 per cent which means that he is paying almost one-thir- d in federal income tax alone. find themselves in a tax bracket where income taxes are at O There are two primary schools of thought on tax reductions. One is examplified in the program advocated by the AFL-CIthe Individual income tax accounts other is proposed by the National f for about of Uncle's rev- Association of Manufacturers. enues, or about $32 billion in The AFL-CIplan calls for an 1956. increase in personal exemption taxation is from $600 per person to $800 per Danger of evidenced in England, where to- person the first year, and an inday only about 200 persons have crease to $1000 the next year. The income of 6,000 pounds ($16,800) union argues that this would a year after taxes. In that coun- leave more money in the hands try, taxation was used, for social of the consumer so that he would more things and create derather than fiscal purposes, buy with the result that many were mand for more goods. This, the increase prodragged down to a common level union says, would at the duction same time and, but nobody was raised up. The increase prosperity. deplorable state of the British The union plan would also economy today is testimony to the stiffen the tax paid by corporafallacy of such tactics. tions and business men. Those who feel the income The NAM program is not as tax discriminates against the low- - simple and is based on tax rer income taxpayer argue that, al- - ductions over a period thougt upper rates are admittedly for both individuals and corpors allow the ations. The MAM! plan would high, man to excape from the gradually reduce the progressive high apparent rates into the lower rates on personal income until a total ceiling of 35 per cent actual rates. of taxes has Awareness existed. Corporation income tax high increased lately partly because would also come down gradualmany skilled workers, ly through five years until there, workers and small business too, a ceiling of 35 per cent was men are getting into tax brackets achieved. of the upper middle class. It is NAM argues that this type of not unusal for a skilled worker, tax relief is needed so that there and many laborers, to earn $500 will be more money available pay. 2 this Progressive rates start at per a month. These people, who for industrial expansion cent at $2,000 and run to 71- - per formerly thought stiff tax rates expansion being vital to the crecent at $200,000. As an example, applied only to the wealthy, now ation of jobs for the 1,000,000 one-hal- O too-sti- ff five-yea- loop-hole- high-incom- semi-skille-d e , additional workers entering the labor force each year. plan Briefly, the AFL-CIwould result in more money now in the pockets of the taxpayers; the NAM plan would mean more jobs available for the increasing work force. Clearly, one is a short-term- , the other a long-tergain. The AFL-CIprogram of increasing personal exemptions to $800 the first year and $1,000 the second year would remove 7,000,-00people from the tax rolls the first year and 15,000,000 the m "FINEST QUALITY" fmflgMS O 0 Hsu Product 3 arr wot 0T WOTEISFDILIL ML VBUlsSmaWM THE KENTUCKY SINCE OF BOURBON iniA 10 IU rTOOl C'56 WATEIFILL AND FtAZIER e, DISTILLERY COMPANY, BAIDSTOWN, KENTUCKY ( |