Music Trade Review
Issue: 1953 Vol. 112 N. 11 - Page 10
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
The Jf usic
REVIEW
Established 1879
CARLETON CHACE, Editor
Alex H. Kolbe, Publisher
lated." Furthermore, the comment also states, "70%
of today's 25 to 29 age group has attended high
school or college. 80% of the 14 to 17 age group
is still in school, a sharp contrast to 10% in 1900."
It is interesting to note along these lines that when-
ever there has been the establishing of Group Piano
Lessons, either in a community or in one of the
large industrial plants or through the public schools,
there has been a universal interest shown by adults.
It would seem that, the more intelligent people get
the more interest they have in the arts, and one of
these is music, with the piano still the basic instru-
ment upon which to play.
Taxes and Social Security
I
T is well-known that the present Administration
is planning to cut personal income taxes 10%
Associate Editor
Technical Editor
commencing with January ] st. At the same time,
however, the Social Security Tax under the present
set-up will be increased from 1*4 to 2/r on that
date. In respect to the reduction of the income tax,
V. T. Costello
Terry Ruffolo
a married man with two children and a monthly
Production Manager
Circulation Manager
salary of $225 will have a take home pay increase
Published monthly at 510 RKO Building, Radio
of 10c. a month, the amount by which his tax was
City, 1270 Sixth Avenue, New York 20, N. Y.
increased in 1951. If he makes $300 a month, he will
Telephone: Circle 7-5842-5843-5844
get an increase of $1.60. If he makes $375, his in-
Vol. 112
No. II crease will be $3 a month, but with the increase of
NOVEMBER, 1953
Social Security to 2% on the first $3600 of the
worker's annual pay, the examples above will be
offset by monthly Social Security increases of $1.12.
$1.50 and $1.50 respectively. The net result is that
the
man making $225 a month will have $1.02 less
E saw a headline the other day, which per-
in
his
monthly pay envelope. The man making $300
haps might have some hearing on the steady
will
come
out with 10c a month more, and the man
increase in the interest in music and piano
making
$375
will gain $1.50 a month on the two tax
playing. The headline read, "Where Schools are
Better. Business is Better." It was over a comment actions. The above being the case, in view of the fact
made by the Education Depart- that there is a thought in Congress to put a bill
ment of the Chamber of Com- through immediately after the first of the new year
of holding the Social Security tax
merce of the United States, which for the purpose
w
• it iU certainly be advisable for every
said that there is a quiet "Revo- at 1 Vii*/^ >
member
of
the music industry to contact his Con-
lution" in American schools. In
gressman
in
person or by mail and suggest that this
continuing, it states, "A far great-
action
be
taken
immediately after the Congress con-
er number of Americans are go-
reduction in
ing to school and going further in venes in January. Otherwise, the 10%
4
income
taxes
will
not
amount
to
a
hill
of beans.'
school than ever before." Then
A. C. Osborne
NATIONAL
ASSOCIATION
OF MUSIC
MERCHANTS
Alsxander Hart
Business-As We See It
W
the comment points out that al-
most 25*/f of our population is
now in classrooms, and that a
CARLETON CHACE
majority of Americans have had
high school and college training, which is quite
different from what was happening less than ten
years ago, when 6() ( /< of our population over 25
had less than 9th grade education, and continuing,
this comment states, "The report established that
business is better where schools are better; that
educational levels and earning power are closely re-
10
More About Excise Taxes
R
epresentative Noah Mason, Republican from
Illinois, is planning to introduce a bill for a
flat 5% national manufacturers excise tax
when Congress reconvenes in January. This tax from
what he said in a radio speech recently, "would be
levied on all articles manufactured, except food and
medicine, which constitute a large part of the ex-
penditures of lower income families." In case this
THE MUSIC TRADE REVIEW, NOVEMBER, 1953
The Jf usic
REVIEW
Established 1879
CARLETON CHACE, Editor
Alex H. Kolbe, Publisher
lated." Furthermore, the comment also states, "70%
of today's 25 to 29 age group has attended high
school or college. 80% of the 14 to 17 age group
is still in school, a sharp contrast to 10% in 1900."
It is interesting to note along these lines that when-
ever there has been the establishing of Group Piano
Lessons, either in a community or in one of the
large industrial plants or through the public schools,
there has been a universal interest shown by adults.
It would seem that, the more intelligent people get
the more interest they have in the arts, and one of
these is music, with the piano still the basic instru-
ment upon which to play.
Taxes and Social Security
I
T is well-known that the present Administration
is planning to cut personal income taxes 10%
Associate Editor
Technical Editor
commencing with January ] st. At the same time,
however, the Social Security Tax under the present
set-up will be increased from 1*4 to 2/r on that
date. In respect to the reduction of the income tax,
V. T. Costello
Terry Ruffolo
a married man with two children and a monthly
Production Manager
Circulation Manager
salary of $225 will have a take home pay increase
Published monthly at 510 RKO Building, Radio
of 10c. a month, the amount by which his tax was
City, 1270 Sixth Avenue, New York 20, N. Y.
increased in 1951. If he makes $300 a month, he will
Telephone: Circle 7-5842-5843-5844
get an increase of $1.60. If he makes $375, his in-
Vol. 112
No. II crease will be $3 a month, but with the increase of
NOVEMBER, 1953
Social Security to 2% on the first $3600 of the
worker's annual pay, the examples above will be
offset by monthly Social Security increases of $1.12.
$1.50 and $1.50 respectively. The net result is that
the
man making $225 a month will have $1.02 less
E saw a headline the other day, which per-
in
his
monthly pay envelope. The man making $300
haps might have some hearing on the steady
will
come
out with 10c a month more, and the man
increase in the interest in music and piano
making
$375
will gain $1.50 a month on the two tax
playing. The headline read, "Where Schools are
Better. Business is Better." It was over a comment actions. The above being the case, in view of the fact
made by the Education Depart- that there is a thought in Congress to put a bill
ment of the Chamber of Com- through immediately after the first of the new year
of holding the Social Security tax
merce of the United States, which for the purpose
w
• it iU certainly be advisable for every
said that there is a quiet "Revo- at 1 Vii*/^ >
member
of
the music industry to contact his Con-
lution" in American schools. In
gressman
in
person or by mail and suggest that this
continuing, it states, "A far great-
action
be
taken
immediately after the Congress con-
er number of Americans are go-
reduction in
ing to school and going further in venes in January. Otherwise, the 10%
4
income
taxes
will
not
amount
to
a
hill
of beans.'
school than ever before." Then
A. C. Osborne
NATIONAL
ASSOCIATION
OF MUSIC
MERCHANTS
Alsxander Hart
Business-As We See It
W
the comment points out that al-
most 25*/f of our population is
now in classrooms, and that a
CARLETON CHACE
majority of Americans have had
high school and college training, which is quite
different from what was happening less than ten
years ago, when 6() ( /< of our population over 25
had less than 9th grade education, and continuing,
this comment states, "The report established that
business is better where schools are better; that
educational levels and earning power are closely re-
10
More About Excise Taxes
R
epresentative Noah Mason, Republican from
Illinois, is planning to introduce a bill for a
flat 5% national manufacturers excise tax
when Congress reconvenes in January. This tax from
what he said in a radio speech recently, "would be
levied on all articles manufactured, except food and
medicine, which constitute a large part of the ex-
penditures of lower income families." In case this
THE MUSIC TRADE REVIEW, NOVEMBER, 1953
Future scanning projects are planned by the International Arcade Museum Library (IAML).