RUML TO TALK ON FAMED NEW TAX PLAN HERE

Beardsley Ruml, originator of the "Pay-as-you-go" tax plan, will give a talk open to all persons connected with the University this afternoon at 3 o'clock in the Carey Cage Auditorium across the river.

Ruml will discuss his revolutionary new tax-collecting method, object of one of Washington's stormiest controversies. Head of the Federal Reserve Bank in New York, and treasurer of R. H. Macy & Co., he is an acknowledged expert in economics and business.

Basic idea of the plan is to forego 1942 taxes in favor of the collection of 1943 taxes during the coming year, so that the faxpayer will not have to pay for his income of the previous year which may have been much higher or lower than his earnings at the time his tax return is due.

The visit is under the sponsorship of the Speakers Committee of the Harvard Business School Association and will be directed by Frank Arnold 3GB.