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This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

September 13, 1963 - Image 5

Resource type:
Text
Publication:
The Michigan Daily, 1963-09-13

Disclaimer: Computer generated plain text may have errors. Read more about this.

INDIVIDUAL, CORPORATE TAXES:

' T A

1

(Continued from Page 1)
deductions allowed under the fed-
eral income tax.
Romney explained that this plan
would "provide a broader taxpay-
ing' base, is simpler for the tax-
payer and would reduce admin-
istrative expenses otherwise re-
quired to check such itemized ex-
penses."
The governor estimated that
$108 million would accrue from
the personal income tax for each
per cent of tax, for a total of $216
million.
Most Equitable
Romney noted that assessment
of net income tax was the most
equitable form of levy on cor-
porations and proposed that "the
federal system of figuring tax li-
ability be followed for uniformity
and ease of administration." He
added that this tax would bring in
$23 million for each per cent of
tax, or *about $81 million all told.
The governor noted that the
state is allowed only a single tax
on banks and thus "it is fair that
the rate of that single tax should
be somewhat higher than the rate
of any of the several taxes on in-
dividuals or corporations." The 5.5
per cent levy will yield $9 million,
he added.
Romney suggested that cities are
the only practical local govern-
mental units to install a local
option income tax and suggested
that "the cities' authority to tax
income not begin until Jan. 1,
1965, with the exception of those
cities which now impose income
taxes," such as the city of Detroit.
State Collection
He further proposed that the
state should handle the collection
of corporate income taxes, since
"corporations frequently rest with-
in several local taxing jurisdic-
tions, and their tax liability should
be on a uniform basis."
Romney added that "the fact
that the state is paramount in
this field also justifies a somewhat
t higher rate on the state corporate
income tax than on the state per-
sonal income tax."
The governor also proposed that
local option taxation of personal
income be divided down the
middle, with half being collected
where the taxpayer works and half
where he lives. The matter of
which city should be responsible
for collecting such a tax from1
commuters has long sparked con-
troversy in the Legislature.
Uniform Authority
Romney called for legislation to
set up uniform authority and<
standards for county real estate1
transfer tax ordinances and coun-c
ty motor vehicle license fees, add-i
ing that these should be reserved'
for counties "to provide elbows
room for county government (and
facilitate) more adequate financ-r
ing of county services."

1

In addition, he suggested that
legislation be passed to enable
adoption of fixed allocation of
property taxes among counties,
school districts and townships
within the limit imposed by the
new state constitution of 18 mills
per $1000 of assessed valuation.
Romney proposed that each tax-
payer "be credited on his tax bill
with 20 per cent of all school
taxes becoming due and payable
after Jan. 1, 1964, and the total
amount of these credits shall be1
billed to and paid by the state.
"The totals of these credits and
payments for years- after 19641
shall be established annually by
the Legislature."

The governor noted that this
plan was not intended as a school
aid panacea, adding that he plan-
ned to make recommendations "to
improve the school aid formula"
to the 1964 regular legislative ses-
sion, which convenes next Jan-
uary.
Drug Exemption
The governor recommended
exemption of both prescription
drugs and food consumed off the
premises from the present sales
tax, noting that it is inequitable
for low income families to feel the
burden of such taxes more than
middle and high income families
do, as is now the case.

Romney also proposed that per-
sons over 65 be eligible upon ap-
plication for tax deferment of up
to $200 per year. Upon the death
of the individual, the state would
have first call on the property "to
recover the total of the deferred
taxes for the benefit of the state."
Through such proposals as these,
Romney noted, he hoped to cut
further the state deficit, which
was reduced by more than $62
million last year. The governor
also praised the taxes passed by
the Legislature in its 1962 session,
along with Michigan's good eco-
nomic year and the executive plan
of economizing, for reducing the
deficit to $23 million.

LOST AND FOUND
LOST-Upper bridge false teeth in the
vicinity of general Library and Haven
Hall or State St. area. Important.
Please call Ext. 656. A7
PERSONAL
HAPPY ANNIVERSARY, Rasputin and
the Evil Eye. From the Evil Deceiver.
F14
EXPERIENCED Babysitter. West Ann
Arbor. NO 5-5528. F45
REDROCK - You've got one more
chance. P.E.Z. F13
JAN-Are warts better than boils? FP0
ENGINEERS - New Dietzgen & Aristo
slide rules from $13.50 to $21.50. Call
NO 5-0012. F20
U OF M JAZZ BAND
1963 organizational meeting Sunday,
Sept. 15, 7:00 p.m., Student Activities
Building, 528D. F11

i

SPECIAL
SIX-DAY
RATE

LINES
2
3
4

ONE-DAY
.85

Figure 5 average words to a line
Call Classified between 1 :00 and 3:00 Mon. thru Fri.
Phone NO 2-4786

State Income Tax Liability-- At 2 Per Cent Rate
(Using the Detroit City Base)

F

Adjusted
Gross Income
$ 1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
15,000
20,000
25,000
50,000

Approximate
Per Cent of
Total
Returns
7%
8
9
12
15
12
9
7
5
10
2
Less than 1%
", f "t
", t "

Single or
Married
Person
Filing
Separately
1
$ 8
28
48
68
88
108
128
148
168.
188
288
388
488
988

Married
Filing Joint
Return
2
$ 0
16
36
56
76
96
116
136
156
176
276
376
476
976

Number of Children

1 2
$ $ 0
4 0
14 12
44 32
64 52
84 72
104 92
124 112
144 132
164 152
264 252
364 352
464 452
964 952

3 4
$ $0
0 0
0 0
20 8
40 28
60 48
80 68
100 88
120 108
140 128
240 228
340 328
440 428
940 929

5
$ 0
0
0
0
16
36
56
76
96
116
216
316
416
916

6
$ 0
0
0
0
4
24
44
64
84
104
204
304
404
904

DIAMONDS-Highest quality at com-
petitive prices. Call C. K. Reaver Co.
of Ann Arbor, 300 S. Thayer. NO
2-1132. F18
JAN F.-Hope you make contact with
your lens. F9
PIES-Are you really going to a SOR-
ORITY house? F8
AUSTIN DIAMOND CORPORATION --
"Where marginal prices buy quality
diamonds!" 1209 S. University. 663-
7151. F73
"WELCOME BACK" - Students' House
Party at the Salvation Army Quarters,
Sunday, Sept. 15, 9 p.m. NO 8-7257.
F7
COOKING FACILITIES AVAILABLE
close to South Quad. $2.50 per week
including utilities. 663-1511, Ext. 2497.
Mr. Saxer. F1
LISA M. OF RADCLIFFE,
All my love and best wishes go with you
this year. Please don't forget Dec. 22
and Jan. 1. Still writing Gary, or
would you rather hear from one who
cares?

TRANSPORTATION
RIDE TO WASHINGTON, D.C. Wanted
Sept. 15. Call 5-5869. 05
WANT RIDE Tuesday and Thursday
from Ypsi to campus to arrive by 9
a.m., to leave at 6 p.m. Will share
expenses. Call 483-4452.. G1

1

Call NO 3-4156
Special weekend rates from 5 p.m.
Friday till 9 a.m. Monday .
$10.00 plus 8c a mile. Rates include
gas, oil, insurance.
514 E. WASHINGTON ST.
G1
USED CARS
1960 MGA. EXCELLENT, $1100. 811 S.
State. Fri. and Sat. only. N19
1962 ALFA ROMEO SPIDER-Excellent
condition. Call 5-3868. N78
1962 FIAT 1100, 4 door sedan, low miles.
$950 or best offer. 665-5785. N16
1958 MGA ROADSTER, new paint, good
condition. Make offer. NO 5-0164. N20

FOR SALE
KAY 3/4 SIZE BASS, $100. KONN tenor
sax, $50. Apt.-size gas stove, $20. Must
sell. 665-7190 after 6 p.m. B14
USED FURNITURE-Chairs, chests, gas
refrig., etc. NO 2-1443. B12
MUST SELL-2 bookcases, chairs, desk
and bed. Call 668-6063. B6
USED STUDENT FURNITURE-desks,
chests, etc. NO 2-1433. B
FOR SALE-Lambretta's largest, the TV
175, 8 h.p., in good condition. Call
Scott, 662-9301, 1-4 p.m. B13
FOR SALE-Microscope "Zeiss" mono-
cular-binocular, excellent cond. Ph.
542-6431, Detroit. B9
L. C. SMITH Typewriter-13" super spe-
cial, Elite type. Perfect cond. $55.
May be seen at 420 Maynard. Ask for
Miss Hilton, 662-3241. B3
WANTED TO BUY
WANTED TO BUY inexpensive couch,
or a mattress. Call 5-9761, Ext. 285. K2
HELP WANTED
CO-ED to work mornings. Mon.-Fri.,
about 4 hrs. daily. Assembling and
packaging shirt orders.
Greene's Cleaners 516 E. Liberty
H19

FOR RENT
ON CAMPUS lot parking. 662-14
MALE GRAD Student to share
furnd. home. Call 483-5435a
Ip.m.
GRAD STUDENT to share new n
apt, 3 blocks from campus. 4
GRAD. STUDENT to share furn.
Maynard House-1 block from ca
$100 per mo. 665-4067. Call after
NEW APARTMENTS
Five 3- or 4-man apts. still avai
on campus; 2 available for 10
lease. Call NO 3-0511 or come
South Forest.
WANTED-Third girl to share fur
apt. (temp. or perm.) All u
except electricity provided. $
($32 each) NO 2-7512 after 5:00.
ON CAMPUS
3 rm. apt. available for 2 month
662-1443.
GLENCO APTS. - 2 bedroom
apts. designed for 4 people
bldg. furnished or unfurnishe
NO 2-8893 or 8-6415, 1028 Fuller,
of Glenn.
BEL-AIR APTS.-1 and 2 bedroon
new, Danish modern furniture
conditioning, balconies, wall t
carpeting. Campus location.
Eves. 2-5140.
STUDENT ROOM-
Club atmosphere. Manager on p
ises. Near campus. Lounge with
Refrigerators. Freshly decor
Twenty rooms, $ 7and $9. Men
Huron House, 212 E. Huron, 668-
BUSINESS SERVICES
term papers and dissertations
for reproduction). Photo copy,
ings. Gretzingers Business S
320 S. Huron, H U 2-0191.

(Continued from' Page 1)
Senate President Pro-Tem John
P. Smeekens (R-Coldwater) said
he "would filibuster if necessary"
to block passage of a state-wide
income tax. He used this tactic in,
last year's marathon debate.
Senate taxation committee chair-
man Clyde H. Geerlings (R-Hol-
land) warned he Would not "as a
matter of course" guarantee that
the governor's tax bill will be re-
ported out of his committee.
"I'd rather that the tax prob-
lems be solved at the local level,"
he noted, adding that he preferred
to watch "the temper of the
people.
Depends on People
"The opinion of the people shall
be the overwhelming factor in my
considerations. The people should
have a right to object, and I won't
object to the income tax if the
people are for it."
Both the Senate and House tax-
ation committees will hold hear-
ings throughout the state late this
month and early next.
Speaker of the House Allison

Ken K. of Michigan

Fig

CHARLES BLONDY STANLEY G. THAYER
... levy problems .. . predicts success

- .

_1

Green (R-Kingston) cautioned
that "the governor cannot expect
to get the entire tax package
through.

y.

ney's "half and half" local option
proposal is "totally unacceptable to
the suburbs."
Senate Majority Floor Leader
William B. Milliken (R-Traverse
City) defended Romney's proposal.
He said that its year delay would
allow Detroit to seek other sources
of revenue, especially if Wayne
County would pay some of the
funds it owes Detroit.
It All Adds Up
"One per cent can produce quite
a bit of revenue," he declared.
Kowalski described the local op-
tion plan as "gobbledygook." "Un-
der this plan, a person could con-
ceivably end up paying four sep-
arate income taxes-to the suburb
in which he lives, the city in which
he works, the state and the fed-
eral government."
He also scorned the provision for
"homestead" property tax relief
for persons over sixty-five years
of age, calling for a "real home-
stead exemption instead of a mort-
gage."
Blondy said that the provision
is a loan rather than a grant and
objected to the "means test" pro-
visions in Romney's proposal.

DIAMONDS - Directly from Antwerp.
Classic and Modern Mountings. In-
spection by appointment.
- Call 665-0538. P43
FRANK SAFRAN KILLS TURTLES. P18
WANTED-Young woman for compan-
ionship. Must be healthy, able to
travel. Non-turtles need not apply.
S. Gottlieb, NO 5-8752. F17
$1.25
Haircut, Mon. thru Thurs., 347 May-
nard near Arcade. $1.50 Fri. and Sat.
F30
ESSAY ISTS
ESSAYS NOW BEING considered
for publication in the campus
inter-arts magazine, GENERA-
TION. All material submitted
will be carefully read, criticized,
and returned if not used. Manu-
scripts may be left at the main
office, Student Publications
Building. First issue in October.
GENERATION
WHY DID it have to happen to him?
Why did he have to die?
Theophilus Gottlieb is gone away
To that great Turtle Bowl in
the sky. F16
THIS WEEK ONLY-
Aquanet 69c
The Village Apothecary
1112 S. University F40
PLEASE, PLEASE, PLEASE
If you found a Union-League calendar
book in State St.-Williams area -
please call Judie at 663-3693. F12
In Memoriam
THEOPHILUS GOTTLIEB
1963-1963
Great Author, Philanthropist,
and Turtle
F47j
TO WHOM IT MAY CONCERN-If you
are unable to adjust to the loss of
Mother's good home-cooked meals,
come to Hillel, Sunday at 5:30 for a
real Kosher meal. F15

'62 METROPOLITAN. Economical. Over
35 mpg. Call 665-7415. N15
1960 AUSTIN HEALY 3000-Wire wheels,
disc brakes, overdrive, R/H. Good con-
dition. $1600. Call 3-8517. N17
MG-T.D.-Call NO 2-2940 after 5:30. N13
FREE FALL E STICKER with purchase
of 1957VW sith sunroof, radio, seat
belts. Must sell, Call NO 8-6884. N
1962 AUSTIN-HEALY '3000-Blue, full
equipmen, $2495. 1962 MG-A MK. II
roadster, radio, luggage rack, nice,
$1895. 1961 Austin-Healey Sprite,
sharp, hardtop, red, radio, $1425. 331
S. 4th. 662-2541. N
BIKES AND SCOOTERS
'62 HONDA "50"-excellent condition.
Call 662-5086 after 6. Z8
HONDA OF ANN ARBOR
1906 Packard Road
665-9281 Z3
BOY'S ROLLFAST BIKE-Basket, light
and lock. Excellent condition, $35.
1324 N. University, Apt. 1 after 5 p.m.
Z10
LAMBRETTA, VESPA, YAMAHO cycle
7 H.P. Your choice, $375 full price,
delivered Ann Arbor, Windshield and
parts mailed C.O.D. DI 1-3197, 7343
W. 8 Mi., Detroit, 3, blocks West of
Livernois. Z
CYCLES & SCOOTERS-BMW-r50-'59
" all white, extras. Harley tricycle, great
for campus and winter; carries 4,
giant luggage compartment. Vespas,
Cushmans and Lambrettas. NO 3-1714.
Z7
A Bike is a Necessity

PIANO INSTRUCTI(
DANIELA WEINBERG

WANTED - Housekeeper-female, under
PORSCHE, '57, 1600 cpe. 663-1531, Ext. 25. Light work. Room, board. 5-2773.
245 days, 663-6258 eves. N14 H22

DID YOU HAVE A BAND or play in
one?-Play an instrument, jigggle, tap
dance, sing, or stand on your head?
If you can entertain, Call us, NO
5-6719. H7
PRESSMAN WANTED
Full or part time. Ann Arbor. Write
Box 2, Michigan Daily, 420 Maynard.
H21
TIME IS MONEY-Pay yourself every
hour; only 3 hrs. per day will give
you $9.48. More hrs., more money.
Call Sue Kirch, 663-5880 tu.-th. 3-5
p.m.. Fri., 1-5 p.m. H18
DRESSMAKER WANTED to make ma-
ternity clothes. 663-7746 after 6 p.m.
H2C
MISCELLANEOUS

Complete services for any soc
event. Finest music available in t
area. NO 5-6719.
BARGAIN CORNER
SAM'S STORE
Has Genuine LEVI's Galor
"WH ITE LEVI'S"
SLIM-F ITS
4.49
FOR "GUYS AND DOLLS
Black, brown, loden,
"white, cactus, light blue
SAM'S STORE
122 E. Washington

Formerly Instructor at City C
N.Y..Now accepting a limited n
of beginning and advanced stud
662-2821

STUDENTS

Start the Year Off Right-
Stock up with goodies from
RALPH'S MARKET
709 Packard
Open every night 'til 12

R. L. Wrentmore
Entertainment

International Affairs--Chairman
Social Committees-Chairman

Michigan's canipus becomes
accessible with a

[

Save your feet and enjoy
fall rides through the Arb.

We Have B
bike a

VERYTH ING in
ccessories.
Bike Shop

I

i

U

1''

I

I

i

INTERNATIONAL

,,

1 UlVEEAL1 ilr3 Eli iWW E~fr1 I I

11

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