The Courier News from Blytheville, Arkansas on March 1, 1949 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Tuesday, March 1, 1949
Page 9
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TUESDAY, MARCH 1, BLYTHEVILLE <AR1U COUIUEK NEWS PAGE I THE NATION TODAY Joint Income Tax Return Option And Standard Deduction oi Five Per Cent Often Help Taxpayer Mechanical Hand Has Joints < Editor's note: This is the seventh of 12 stories on what a tnx- payer must do about his 1948 Income tax return. The deadline is i March 15>. By James Msrlow WASHINGTON, March 1. </T>Hore's an example of nllins out you 19« Income tax return on the 1040 long-form: Jones sits down with his loiig- loim the Instruction pamphlc which goes with it. and R piece o paper for his arithmetic. His income was $9,800, all In sal ary. His wife had none. They hav two schoolboy sons. He's make a Joint return with his wife Why? Because, when a wife has no Income, a Joint return is cheaper than a return filed by a husband alone. Figures Deductions So his two problems are deductions and exemptions. He tackles the deductions first, A couple filing jointly—without explaining or itemizing a penny- can get a standard deduction of 10 percent of their Income up to a limit of 11.000 in such a standard deduction. Therefore, Jones' standard deduction—10 percent of his $9.800 Income—U »980. Before taking that, he figures out his deductible ex- p»ntes to see If they come to more than 1980. ': It they do, he'll have to Itemize them but he can claim them all and • ave money. He figures: $200 for charity; »300 for Interest and taxes on hl« house; $110 for medical expenses. Total $610. Bo he'll be ahead by taking the standard deduction of »9BO. | (Jonea 1 medical expenses were really $600. But the law allows only tlftt party which Is over five percent of your Income. In Jones' case It was »ilO. since five percent of his Income Is »*90.K So he turns to page 3 of the long-form, bottom-half, enters his income. $9.800 on Line i; his sta'nd- ard deduction. $980, on Line 2, subtracts, and puts the result, $8,820, in Line S. That's called his net ncome. Then come exemptions. His tola 1,800. Thai's $000 foe himself. 5SOO or his wile; and $600 (or one soi but not the other. Why? you can't claim as a dependcn inyonc who had $500 or more in come. Jones' sons worked nfle school. One hud $500 income, the other $439. IJM>s Split Income Option On Line 4 he writes his $1.800 In exemptions. Subtracting thai from his $8.820 income, he enters the result, $7,020. on Line 5. Because this is a .joint return, | Jones skips to Line 9 and—dividing In half Hie $7.020—writes, the result: $3,510. (This is the part of the new law blues or lelt lonely since 1913. "I don't allow myself lo gel lonely. There's too much lo do. When I want to do something and there Isn't anything else lo do, I Jusl take a-hult of a split hull- In my beard, then I keep on splitting It apart clear up lo my chin." As a result of years of this hair splitting, his beard l> as fine a gossamer. Rheumatic aches plague the hermit so much that be nsys he wouli rather be dead but Ood wants him to stay alive. 'The good Lord's ]ust Ing me for all my dirty deeds." salt the Innocent old nmn cheerfully. He Is looking forward nexl Aprl when the population of Cabbag Key will be Increased to six by Ih birth of a baby to Mrs. McCall. "1 guess I'll be a jood baby s! ter," said Ihe hermit, "If It come lo that." The "Hermit of Cabbax* Key now lias only one secret ambltlo In life. He want* to go to Holl wood. Man Confesses Slaying Wife and Small Child WASHINGTON, March 1,—</P»— ollce Cr,(Jt. Jeremiah F. Flaherty id today Charles Frances Holober admitted killing his wife and uryiiui thler buby daughter alive a shallow Virginia grave. Tlie bodies of Mrs. Fiances Oar er tlolber, 37, and her elghl- lonth-old daughter. June, were ound yesterday. They had beer iirricd In an 11-Inch deep grave called "spllttuiE" Income to married couples lower tax.) Now he has to find tlie "lenta- live" tax on $3,510. He docs that by Hal Boyle $ Column using the Instruction sheet. He' writes that tentative tax. which conies to $73230. on Line 10. The next step Is to cut that "tentative tax" to the actual lax. He follows the rules in Line 11 iB> nnd writes the result. $107.86 there. Subtracting that from the $732.20 j on Line 10. the result Is $624.34, which he puts on Line 12. I That's his half of the tax. as it This is an experimental model of a new mechanical hand, which h;is joints like a human hand. Being tested at the Emergency Limb Center, In London, it picks up a ball bearing between tinner and thumb. H has also successfully picked up ciearels, pins and ether sin.'ll obierls. colony lodf*. Th« lod|« li ab*t M mllM from Washlmton. Mr«. Holober had been «hot. Police expressed belief then the baby had been burled (live. • Warrants charging Holober, 40. with Ihe double murder of his wife. who was pregnant, and of their daughter were «worn out by Vifgln- la yollce. Holober wa» arrested by Waslilnglon delecllve» early this morning In front of hit home here. Detective 8gt, George W. Coole snlrt Holober acknowledged the after he w«i taken Into' c'uatoefy. Holober 'had reported hit wife and daughter missing since lut Thursday. i < : • - Read Courier Newt Want Ada. near a Fairfax County, Va., nudlsl double slaying les than two hours 4% Home Loan* "; Klbert S. Johnson Tht EquitobU Lif« Assurance Society In the village of Khudnorek, mis- | sla, there are no residents except professional poeta. Florida Hermit Looks Forward To Day Wfien Hell Tend Babies were. But this Is a' joint return by | him and his wife. So he multiplies $624.34 by two, gets $1,248.08. He writes that on Line 13. That's his; full tax (or 1948. | But during the year his boss bv Hal Boyle RT PETERSBURG, f'la.. March 1 ,.].,' You can't get away from life. And the "Hermit o[ C:\bbaKC Key" has quit trying. "Vs becoming JO social now he's weaving hula skirts and looking forward to be- comlnc a baby sitter. The hermit is 68-year old Silas Dent, who has lived for some 40 withheld from him—say S1.40D in i ' on Cab t,nge Key. a 2,000-acre tax. That was too much, since Jones' ' - .- .. ..... sees now his tax should be only $1,248.68. So he has a refund of $151.32 coming to him. He wants the collector j send him the refund. So he] checks that on page OUR of the < long-form, under Line No. 10. And ; he fills In the other questions on' page one. Single Return Costs More Then he and his wife both sign subtropical Island 12 miles southwest of here. Much of thai time he has spent alone In a palm-thatched liut. But ... today "Uncle Silas" Is the .1. modernized hermit In history. Civilization caught after two young couples. • moved to adopted htm. up with him honeymooning the Island and "I'll bet there Isn't a hermit any- the long-form to show return. If Jones joint i whore ~- ---- - ,!,,>, that Bets the attention dnes." said Mrs. Bareara Simmons return. Thai would be more expensive for Jones. One thing more Jones does. He attaches to the long-form the form \v-2 withholding receipt given him by his boss for the Jl.400 withheld Irorn his pay during the year. I! you doubt H single return for Jones would be more expensive than And he loves it," laughed her friend Mrs. Eva McCall. The two girls, marled lo young shrimp fishermen, live in palni-lhalclictl hiites which Ihe hermit helped build. "Eva Cooks his meals, and I go over with my husband at night and rub poor Uncle Silas' back," smiled Barbara. "What hermit before ever ad a cook and a private masseuse? Now Weaving (Iras* Skirls "He's just a big spoiled baby now. But he's very happy we came. He's weaving grass skirls for us." I walked down a hundred yards of sandy trail. Mid there sat the Hermit of Cabbage Key" In the doorway of his palm hut, looklnf like Santa Claus In overalls. "Seems to me like T see somebody coming," he said. And he went rlghl on at his task, threading aparl palm leaves with an ice pick. It takes him a whole day to make a palm leaf mosquito swatter In this manner. And the swatter only sells for one dollar. "Uncle Silas" was ton shy to' admit that he ^'as making grass skirts as presents for the Iwo young wives. , "I started in on a hula skirt this morning." he said with great dlg- mosnuito swat- Service — That's Our Motto.' Wf spare no effort In providing n EXTRA everyday prescription service, which means extra con venlence to you: Feel free to c»l on us at any time. P«pmpt delivery service Phone 507 WOODS DRUG STORE Farmoll Tractor ENGINE TUNE-UP SPECIAL! Tune-up Engine Clean Plug* Retime Ignition Check Compression Clean eV Refill Air Filter Clean It Adjuit Carburetor Adjuit Fan & Generator Belts Adjuit Governor • Adjutt Tappets • Adjutt Brakei • Flueh Radiator • Tighten all Radiator Hote • Inflate Tire* to Correct Air prei*ure • Steam Clean Engine COME IN THIS WEEK TO I INTERNATIONAL' HARVESTER 3/2 SOUTH 2»P ST. PHONE *K* his ioint return, you can, figure It I nity." Because my mosquito j out for yourself on Page 3. But, first, ler business wasn't sufficient. ' ' keep these things in mind: A married person fllinK separately " doesn't get the "split" Income bene- Tied person filing sep- fit of a ioint return. And anUcly crls a standard deduction Actually Hie $38.50 monthly pension he receives more than provides for his simple.needs. He buys his food—eggs, bread and milk. It also buys him a quart of whiskey, which he takes In eggnog at the rate of ot only 5500, not the "10 percent up | two tablcspnonsful a day. He pays STRAIGHT 86 PROOF PT. WlSKEY • THIS WHISKEY DISTIU1NG CO. IAWRENCEBU RG, IND. to a limit of $1.000" that married pconle gel on B joint return. Since Jones' deductible expenses were SIUO. he'd lose money taking Iho $5(10 slandarri deduction on a separate return.'He'd claim the $810 but he'd have to itemize. Even so. tlie $610 would be less than the standard S980 deduction he could claim on a joint return. In short. Jones' tax. riling sepa- ...loly.-would be Sl.5-t3.76 instead of Sl.Ms'liK on a joint return. He'd lose S^HiVOR on tlu- ' his doctor by bringing him a gunnysack full of clams from-the-bay. "I don't care too much -for sea food." he said. "I' ate fish for so many years I irol- so I couldn't get my shirt otf. That's why I don't wear a shirt anymore." "Uncle Silas" says he hasn't missed matrimony or (he noise of the world in Ihe last forty years. Ilorsn'l Oel Lonely "I been my own boss." he said, "And enjoyed it. I haven't had the I'nntiiic— Diiisinn aj General Motor* In their own words below, the aulomulive editors of America's leading newspapers graphically rccorii llie nation-wide triiiin))!! whicli ihc I'>W Ponliac scored un its introduction a few weeks ago. Head what they say. Then come in and sec the great new car thai h«s created the grrat- c=l public enthusiasm in I'onliac liislory. Son Franclico: "I'milinr's 'forty ninas,' slwl tjintkly into pvMilarJtiior on their initial .s/mH 1 MI£ here STOP Their 'rirn' /oo/v 1 ' nnr/ astonishing lair price tnp-t rrrnni'rf£ immediate 'ipfn-rn'nl unit -i«/ti/y sofriint tctfiid rronWj tarm/M 1 n/ the*c fico fralnm In mv nathinf n! their mrf/inuiVnf ai/mtircmrnl «'"' Mfl/wnrcn riiiinf qualities." . >, Af.TOMOTIVF. KltllOH, s*> KRANr.lsrO LHKOMC.l.FDctrolt: ''l'til>lie mr/rtirMi aj ncic ('online ir«.< un to the hirhcxt t:.\i>ectntionf oj cotiijmtty * n/ftc/'i/.s STOP h /or>As n'fre another fowl yeur jnr the i/nm'mi jiulpinc ''v cvrslfwirrs' cnthntinttn. SII.KR laKKMAN. AUTOMO11VK F.nlTOK, OKTROLT TtMKS New York: ''firmiK •>/ nrifti-nrtncf mnbinnt- niih niliiim'-l utility <">il .•>f>7in(i fenlitm of I'nnlliie inml'h ilrcir mnrh iillfillinn froul bifi croutis at iteiiler.S shoitmntn* in i\eic York. BKRT rlKRC'.K, AtTOMOIUrK F.H1TOH. ^(HIK TIMKS Chicago! "CJiifupp uirlcom&t the ncio 19i9 I'ontiaa, uif/i " -l-ffitt suhile oj appiuuit judging liy ihe nil/in.M'iM'ir rccc/)!lon anil lite. Imip liner. cioirr/iirB ilealrr s/imrr'niBS svor Ihc nav I'liiltim- slmtM /nine lo tic one of I'll'fi htffxsl hichu-a) /irfs.' SI (1 Hli:fc ROHT1Y. AUTOMOBILE EltlTOR. CHICAI.O SUN-TIMRS M»mphl»: '"'/In* anrt atthtisia.ilic public rccrpliuii in I'mliac's history here STOP A/any arder.- <<ik,-n rcfimlfas of i\ri Hrfinitc dalt oj rfrfj'ri'iv -<«)!' I] nnxlnrlioti tun meet public tlcmttnil } ;>r<i/«-f th<r taRR-il fiar Ponttac ei'W An./." Ar.F. KM1.K.1, AUTOMOTIVE F.OT FOB, MKM» 1 HIS COMMV.HC1AI. ATl'KAl. SMITH PONTIAC CO 126 So. Lilly St. Phone 4371 FORWARD, MARCH! • March is here again, the month that heralds sprinrj-and spring housecleaningl • In Grandrna'« day, housecleaning—and housekeeping, too—meant endless rounds of back-breaking drudgery. But today, millions of wise homemakers call on electric service to take the work out of housework—to cook and clean, wash and iron, sweep and sew. • For less than you'd pay for a daily pack of cigarettes, electricity makes life easier, healthier, more comfortable. What oilier item in your family budtjet gives you such great living value—at such little cost? Helen HayM SUra In The Electric Theatre. Hear tt Ererj Sunday, CBS, % F.M., CST, Ark-Mo Power Co.

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