Speaking of Taxes

4 mutual life insurance company reeent 1 lv informed its policyholders that "the federal income tax to be paid by your com pany for 1 '.idd will be more than five times as trreat as the tax paid for the year 194‘d. This is equivalent to m-4v than I’.V of the entire amount returned to policyholders by this mutual company in "premium re funds"—commonly referred to as divi