Amo unt Absorbed by: Other Income and Federal income Corporation Federal Income Coste Tax to Tax to 198,907.3% 1,075,421. 04 Stockholders State Income Retained It will gating the by thus family, after $453,084.76, 592,873.89 Tax 50,501.19 Stockholdere &53,06h. 76 be observed $2,371,568.22 Percent the that out of total net amount retained of and payment Federal royalties by various State i income aggre- meubers taxes, of is only or 19.13% of the total. Percent Royalties Seven received Members Browning of by the the J. i. Family $202, Federal Income Taxes Paid State Income Taxes Paid 66,717.53 &, 084.55 Retained Total Of tetal royalties members of the M. State income J. taxes, Attention officers and the that event corporation's the war, or is is directors $131,560.26, the holding 100.00% amount after payment 65.01% of retained of the by the Federal and total. : problem confronting of J. Mw. & HM. Browning Company, in the major portion of the due the winning of were other for $202,382.34 the the to liable 65.01 to income, any 131,580.26 net or 32.97% 2.02 invited which for the family, royalties, corporation personal received Browning 302. 34 <. constitute suddenly reason. cease, This condition taxes upon prior years’ company act, muet be to would income distributed. the leave which, In the under an effort