Word: crum
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Arguing the affirmative will be Bartley Crum, a New York lawyer who was a member of the Anglo American Committee on Inquiry of Palestine and is the former owner of PM newspaper, and Rev. Karl Baehr, executive secretary of the American Christian Palestine Committee. They are replacing Israeli Ambassador Aubrey S. Eben who cancelled his engagement...
...Crum says stockholders face a far heavier tax burden at each level of income than they would if they were taxed as partners in an unincorporated business...
...Crum's changes would reduce tax receipts but "would encourage" the flow of risk capital into corporations...
...levels of incomes, Crum says, the rate of taxation on corporation incomes for their stockholders is higher than the rate on other men's incomes, but the author adds that below $10,000 the rate on stockholders is always several times greater...
...Crum lays the major blame for the inequities at the heavy tax on the net incomes of corporations. Corporative withholding of dividends may also be responsible to a lesser degree for the situation, the author says...