White Deer Review (White Deer, Tex.), Vol. 20, No. 23, Ed. 1 Friday, August 13, 1943 Page: 3 of 4
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WHITE DEER REYTETW, White Deer, Careen County, Texaa
FRIDAY, AUGUST 13, 1943
Our Heros on the Battle Field
Are Giving Their All
A message from the United States Treasury about
YOUR WARTIME TAX DOLLARS
'T»HE American people have accepted the highest tax bill in the
A history of the country with splendid patriotism and cheerful
ness. The Treasury Department of the United States feels that ?
explanation is due them in turn—feels that they deserve to i
told why, when and how their tax dollars are vital to win-
this war and the peace that will follow.
As a taxpayer, consider these facts.
Our government is-currently spending 240 million dollars eac.
day, almost all of it on war, and this figure will increase materially
as the war continues. About a third of that amount is being raised
through taxes. Those tax dollars are as necessary for weapons
with which to defeat our enemies as are dollars raised through
the sale of WAR BONDS. Hence, when you pay taxes today
you are definitely and directly contributing to victory.
And, at the same time, your taxes actually help to maintain
your own purchasing power now—and prevent disaster to your
country after the war. Here's how:
Billions of Dangerous Dollars
Every time your cost of living advances, you are paying a tax on
your income. If your cost of living should double, you would pay
a tax of 50% on your salary, wages or other income. But it would
be a tax that wouldn't benefit our fighting forces, our govern-
ment or anyone else—except Hitler and Hirohito.
Now—to prevent such a concealed tax on your income from
taking place_isn’t it good sense as well,as sound patriotism to
pay your government taxes of 20% on part of your total income
—or more, if necessary?
aid your taxes do help prevent just such a price rise! How?
taking part of the billions of dangerous dollars which otherwise
breaten your living standard and putting them to useful work, win-
ing the war. Those billions of dangerous dollars, you know, represent
e difference between the income the American people will receive this
:ar and the amount of civilian goods that will be made in the same
•velve months. If taxes were lower, prices ivould tend to rise, and
■■r real income would be reduced by just that much.
keeping the America He Knew
There s .... -*on why your high taxes help your country in
wartime—a.. ' much more important one to you. Your
tax money is n. > win the war now—but it’s equally
essential to .winning 're and keeping the America that boy
knew before he went . •’ armed forces.
All the industrial pow«. ' e inventive genius and productive
capacity of this country wc * bring back a busy, prosperous
America that we know if a di. Hation followed victory. And,
as surely as the sun that rises i. e morning will set at night,
a deflation would follow an inflation brought about by failure to
tax ourselves realistically now.
So, next time that tax burden seems heavy to you—think
of these facts. Remember that your tax dollars are helping to
pay for victory now—that they are in there fighting for your
living standard now—and that they are working to keep our
country’s financial structure sound for that boy now in the
armed service, for all your family, and for you in the years of
peace to come.
SOME QUESTIONS AND ANSWERS ABOUT YOUR TAX BILL
which would put even greater spending power in the hands of the people
—thus creating a basis for inflation.
Q. How much of my federal tax payments is being spent on war ^
and how much on so-called “normal" expenditures?
A. About 96% of your tax payments are currently going to pay for direct war ’ ... - . .
expenditures. Only one dollar in every twenty-two you pay, therefore, goes Q. Is there any Other advantage m financing as large a Share
for all other federal expenses, most of which are indirectly to aid the war effort. of the War bill 3S possible through taxes?
Q. How much of the total war bill U being paid ..neatly out of *■ tZSSS. $ Z
. 7?, ,. . «ntly, *°m taxes, there will be no interest charge to mount over the years
A. A little over one-third. and provide an extra burden for you to carry.
Q. Is this proportion higher or lower than in England and Canada? " — - ' - ......
A. Lower. Both Canada and Great Britain are paying approximately half of 0» $0 *?r, S0 g0°d. But don J yOI{ 0,1 S Un 3IF ”
their war expenses through taxation, ^ way it distributes the burden for all this?
Q. Is there any way other than taxes and war bonds by which K SiSLIlS*Srlr^^Sfo^to pay for**?wa?w»
the government could finance our share of the war? ^ because Federal Income taxes are levied on ability to pay for something that
A. There is. The government could borrow from the commercial banks, ?ff all of us need and must have—victory now, a sound America later.
i
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This Advertisement Is a Contribution to America’s All-Out War Effort by
Your Home Town Newspaper
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Simmons, W. W. White Deer Review (White Deer, Tex.), Vol. 20, No. 23, Ed. 1 Friday, August 13, 1943, newspaper, August 13, 1943; (https://texashistory.unt.edu/ark:/67531/metapth1160877/m1/3/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Carson County Library.