Letters, Jun. 14, 1954

The Texas Collectors


Congratulations on your excellent article [May 24] on Clint Murchison—a great citizen of a great state.


Dallas Sir:

Wouldn't it be nice if we unfortunate proletarians could take advantage of a tax bonanza such as is enjoyed by millionaire oilmen, i.e., a "depletion allowance which permits them to pocket 27½% of their gross income (up to 50% of their net) before paying a cent of taxes," so that we could live comfortably and, still have something left. But, alas! Someone has to pay those taxes!


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