SAYS WEALTHY TAXPAYERS SPURN CHANCE TO SAVE THROUGH GIFTS
Says Wealthy Taxpayers Spurn Chance To Save Through Gifts Endowments Not Popular, Record Shows Pihlanthropy Acc o u n t s For Tiny Portion of Big Incomes NEW YORK CITY.—There's something wrong...
...What are we going to do about the sweatshop problem...
...A similar measure introduced by Ferster last year passed the assembly but ! was defeated in the senate...
...Hearst Paper Aid Voiced by Green CHICAGO...
...The defeated bill provided for mini-mum hourly wages reaching 40 cents by 1945 and maximum hours reaching a 40-hour week in 1942...
...PASS THIS PAPER ON It Will Win New Readers...
...Harriss cites the case of a man with a $1,000,000 income, on which the tax would be $681,000...
...the board invited a committee of four regional directors to make a study and report on the administrative problems confronting the board...
...24 Cents On Dollar Why millionaires who could donate money liberally at a cost of only 24 cents on the dollar fail to take greater advantage of the income and inheritance tax laws is a question that Harriss does not try to answer...
...Green explained in the letter, dated Mar...
...They would rather hang onto their easily earned cash and let the government take 75 per cent or even more in income taxes on potential gifts than write a check or get their names Inscribed on a new dormitory at some swanky school...
...Says Wealthy Taxpayers Spurn Chance To Save Through Gifts Endowments Not Popular, Record Shows Pihlanthropy Acc o u n t s For Tiny Portion of Big Incomes NEW YORK CITY.—There's something wrong with the picture of the wealthy industrialist who dishes out his dough to worthy charities, a study by C. Lowell Harriss of the Columbia university economics department indicates...
...Madden said, spoke in highest terms of the competence of the present staff after the report was made...
...We have solved the problems of horse racing, bangs disease in cattle and even striped bass," Ferster said...
...If he gives away $100,000.1 his tax will be reduced by S76.000 It thus costs him only $24,000 to make a gift of $100,000...
...The error is simply that the big coupon-clippers aren't big givers...
...Use of the Hearst paper for advertising purposes, he said, "will help the American Federation of Labor very greatly in the efforts it is putting forth to promote cooperation and understanding between workers and their employers and to further the cause of collective bargaining...
...the Columbia in- ; structor said...
...4. that he was making an official statement "because representatives of the Newspaper Guild, a CIO organization, are endeavoring to prevail upon advertisers to withhold advertisements from the Chicago-American, alleging that a strike is in effect...
...It is not true that the report was 'shelved by order of the board majority' as reported...
...Wage Hour Bill Loses in Jersey TRENTON, N. J.—Union representatives in the gallery hooted and booed as the assembly defeated 35 to 24 a state wage-hour bill introduced by Assemblyman Samuel S. Ferster (R...
...The substance of the report was that the staff assigned to the secretary's office was inadequate to ha: tie the work," Madden said...
...Labor Relations Board had "shelved" a report urging sweeping administrative changes was made here by NLRB chairman J. Warren Madden...
...Regional directors...
...1939...
...Denies Shelving of NLRB Report WASHINGTON, D. C—Detailed denial of a story declaring the Natl...
...111.—In a circular letter to advertisers in William Randolph Hearst's Herald-American, AFL Pres...
...Suggestions were made for a breakdown of the functions of the secretary's office with a view to delegating certain of the duties of the secretary's office to additional personnel...
...Harriss found that persons with incomes of more than $1,000,000 a year gave only 3.9 per cent of the total that went to philanthropic institutions...
...Madden said that in August...
...William Green declares that "no strike is in effect and that it would be not only proper and fair to organized labor but highly advisable for your firm to advertise in The Chicago Herald-American...
...The strange fact is that the wealthiest people could give money away almost without anguish...
...Treasury Reports Analyzing Treasury department reports for the 16-year period preceding 1936...
...Just before the hubbub created by the defeat of the Ferster bill, the assembly unani-mousJy adopted a measure calling for a 5-man state labor mediation board...
...Only 14.6 came from persons with incomes of more than $50,000, but 41.2 per cent was given by persons under the S50.000 income mark and 70 per cent came from those under $25,000...
Vol. 10 • March 1940 • No. 13
