The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-01-13
Retailers Association Has
Secured Tax Expert to
Give Talk.
LEADING MEN GUESTS
Invitation Given to Manufac-
lures Assn. to Partake
in Banquet.

Agitation for repeal Of the excess
profits tax and substitution of some
other form of tax for raising the nee
essary funds required by the federal
government, has been tile cause Of
much comment and interest in the
subject of federal taxation by the ma
ton at large. Recognizing the imme-
diate value of all information obtain
able on taxation matters, the Keno
sha Retailers association is striving
to secure all possible data on this sub
ject, and has, therefore, arranged with
E. G. Bracken, prominent tax expert,
for lecture on federal and state tax
alton, to be given by him at the sup
per and meeting of the association on
Wednesday evening, January 18th, at
GAS o'clock.
Bracken Is Tax Expert.
Mr.. Bracken was formerly with the
railroad commission at Madison; with
the bureau of internal revenue at
Washington; and later field examining
officer for the department at Milwau-
kee, While serving in the above men
toned capacities, he has acquired a
thorough knowledge of both the fed
eral and state tax laws. He is at pres
ent in charge of the Milwaukee Office
of the Archibald Harris & Co., Chicago
certified public accountants and tax
perts, and counsellors on federal tax
alton for numerous industrial and
commerce associations throughout the
middle west.
Mr.. Bracken is expected to give some
very good arguments both for and
against such. proposals as the sales
tax, the tax on undistributed profits,
and tax on bank receipts-met hods
which have been suggested by men of
influence in the business affairs of the
country-but most of the discussion
will be devoted to an exposition of the
preparation of federal and state tax
returns, as the latter is live subject
at the present moment.
Discusses Inventories.
Proper method Of taking inventories
will also be explained by the speaker,
since recent treasury decisions affect
this subject.
Depreciation, repairs and replace
ments-some of the most annoying is
ues which arise in connection with the
federal tax-will be covered by Mr..
Bracken and he will also discuss in
come and invested capital, and explain
the governments Interpretation of
these accounts.
There will be an open forum at the
close of the lecture and any perplexing
questions will be answered and clari-
fed by the speaker.
The manufacturers have been invited
by the association to attend the lee
ture, as the subject is one which is of
vital interest to all forms Of business
in Kenosha.
Red Tag Sale Too.
At the same meeting the members
will discuss plans for che annual "Red
Tag Sale" which will likely be held
sometime during the early part Of
February This sale has always been
great. drawing card to the bargain
seekers and this year under the stead
ying conditions Of the present market,
will probably prove to be the last real
bargains offered in the present defia-
ton. "Prices are firm again and the
public will likely be surprised in the
spring to find that prices are no lower
than at the present time and in some
instances slightly higher" said one
merchant this morning. Therefore the
merchants are planning a grand wind
up of the many sales conducted re-
Gently, after which all the surplus
goods will have been liquidated and
merchandising established on the new
level.