The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-07-10


OF course the taxpayer can, If he
chooses, save up, per month,
enough dough to have the required
amount on hand when the annual
time comes. The trouble is, though,
that the average taxpayer hasn't
the foresight to do his own saving
Or, even If he has the foresight
theoretically, to do it, great mum.
bers of him haven't the strength OF
mind 70 do the actual saving.
But Treasury Secretary Henry
Morgenthau's notion is that most
of his victims have the good judg-
ment and resolution to acquire and
stick to the habit Of budgeting, say.
S25 monthly each out of his own
income for Uncle Samuels benefit
providing he'll take it away from
'em promptly instead Of leaving it
on their hands to make ducks and
brakes of during succeeding
months until, all at once, IL times
SIS, at once swipe, is payable.
0Odl OH same OASIS
can see the point. Some while
ago (Ive mentioned the matter
previously Leon Henderson, our
national emergency price-hxer, ad.
Wsed householders to lay in their
winters coal supplies during the
summer, because, when winter does
come, there's likely to be a defen.
sive transportation congestion and
the stuff'll be a darned sight more
expensive. What Leon had in mind
was the general public interest. but
what I had in mind was my per-
sonal pocketbook's interest.
I've but the merest modicum Of
financial sense, but it was adequate
to suggest that Economist Hender-
sons hint was worth acting on, so
I'm buying a monthly ton of coal
all summer II makes me ache now,
but I'll ache correspondingly less
when Jack Frost sets il.
Ditto federal taxes. I shan't like
mulcting myself S25 monthly for
EN- as I go along, but, when the
total wad's due, I'll be blamed glad
to tell Secretary Morgenthau,
Here's your final SIS. The rest Of
it's paid up already 4
About August l Henry's going
to put on sale big issue Of tax
anticipatory notes"-governmental
ones. Therell be two classifcations.
One will be for comparatively ordi-
nary folk, in SOS, $50 and 500 de-
nominations. They'll be sslable
monthly up TO a $1,000 annual to-
tai. The other'll be for plutocrats
and corporations, in denomina-
tons from 500 TO $4,000, to a
100000 annual total.
I'm not interested in the second
kind. Nor in the first kind, either
above the s25 per month variety
and I certainly hope I shant have
to buy a full II months worth Of
those-not unless l hike my in
come considerably. Nevertheless,
do propose to invest in a fraction
Of II months worth Of EN-.
The things draw small rate Of
interest if you hold 'em for two
years, but I shan't hold mine that
long. When next tax-payment-day
arrives, I'll return 'em to Secre-
tary Morgenthau, saying, Here's
what Uncle Sans got coming
from me" It'll be strictly according
Ito. Hoyle for me to do so. In fact,
the treasury'll be tickled, for it'll
have had its money sooner than it
would have had it otherwise.
More Merciful
/ In hitting on the idea Of his tax
anticipatory notes" one thought in
the back Of Henry's head unques-
tionably was the advance accelera-
ton Of his collections. Aside from
that, though, l think he surmised
that our next tax payday is going
to be so awful that 1t literally win