The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-11-04
EARNED INCOME

EARNED INCOME
1t has long been fundamental Of American in.
come taxing policy to encourage the earning Of in
come in the form Of wages, salaries and other poy-
nnents for services rendered.
Thus the personal income tax still grants ] per
cent credit against net income which is eorned as
distinguished from that arising out Of inheritance
or investment.
But the new federal Woge-ond-soIory policy, en-
acted by Economic Director Byrnes into odrninstro-
tive law over the deliberate refusal of Congress, re-
verses this established policy
Nobody, whatever his contribution to industry
is permitted to net more than SIS, 900 year.. But
the beneficiary Of inherited weoIth-whether or not
he plants horvests or spins-con keep as much the
income tax may leave to him.
Consider the President hinseIf-not in anger
In pity but because he provides excellent text As
President performing the most trying task in the
world today he was getting SIS, 900, which he has
ordered cut to SIS OOO As heir to fortune left by
his forebeors which is his only by coincidence Of BIRTH
he will collect each year many times the net income
he will receive from the United Stotes for his services
as President
We doubt that such q reversal Of American tax
philosophy will meetswith the approval Of the Amer
icon people,
Consider the man whose income varies from year
to yeor. Over period, his income averages we'll
under SIS 900, but to mountain thot average he must
receive we'll above SIS, 900 in some years.
Let's be specific. Let's take an othlete, an
octor or any who has to cram |ifetire's earn
ines into dozen years Like many Of his kind
he hos just one thing to Suitability to hit boseboII
400 yards, perhaps or profile that makes the girls
thot way
~;ote
soys Director Byrnes No exceptions. Herd the sheep
and the goats through the doors and shoot them all
as they poss.
The man or woman who works where there is
"soIoy.inerennent" system providing for regular ros
es under certain circumstances con have raise he
rest Of cannot, under penalty Of years nprison.
ment, S 900 fine, or both.
If ever there was Iurid example Of the inequities
in cotchoscotch.eon trial and error social legislation
this administrative law is it,
PIGS KkUcKLES AND
Ed Beottie, one of United Press stor war cores
pondents, tells in his "reminiscences "Sofey to Poss,"
thot one Of the few things about his return to
Berlin after the onsohluss was the pigs knuckes and
souerkrout which one particular restouroteur pro-
vded
Well, we won't have to 90 to Berlin to get plenty
or OOtn. we n1lSnt even make our ample supply OF
appeal to the Nozis to give UP and visit U.s. There is
almost on oversuppy of krout, which is rich in vito
minis A, B and c, and the WPB says that there will
be plenty Of pigs knuckIes
The freezing Of canned krout is designed to pro-
mote sole out Of the barrel Of big new supply which
might spoil.
GOOD GOING
When William LETTERS wos lifted out of RAILROAD
Job and mode rubber administrator, weren't too
csrtoin about the wisdom Of the selection. Now he
has storted pitching and olreody he hos two strikes
oooinst skepticisn.
He pitched the first when he told hostile Con-
oressionol Committee that he was going to perform
his difficult task to the best Of his conscientious ob
iYsopd let politics be hanged. He tossed over the
7 M when he Jumped on misleading reports that
eQbd b tires for all by the middle Of November.
no abotft pressure group politics and enor.
flno errors were chiefly responsible for the