The Courier News from Blytheville, Arkansas on August 4, 1954 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

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Blytheville, Arkansas
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Wednesday, August 4, 1954
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Page 5
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WEDNESDAY, AUGUST 4, 1934 BIATHEVILLE (ARK.) COURIER NEWS PAGE FIVE Tax Revision New Idea on Taxes: Working Parents Get Break on Child Care (Third in a Series) By CHARLES F. BARRETT WASHINGTON (AP) — An entirely new idea is being embedded in tax laws: a special break for people who have to pay for care of their children while they work. This concept goes into effect for the first time in the huge, 1,000- page tax revision bill just passed by Congress. Experts figure it will cut taxes for about 2,100,000 persons by a total of 130 million dollars a year. The new bill permits many taxpayers to deduct from their income, before figuring their tax, actual expenses of up to $600 a PROTECTOR—This imploring statue, called "The Christ of the Abyss," in St. Lawrence church at Genoa, Italy, will soon be placed at the bottom of the Gulf of Genoa. The seven-foot-high statue is being placed there to protect divers and fishermen. year for care of children, but also for any dependent who is mentally or physically incapable of caring for himself. • How to Qualify That means an actual tax cut of $120 for those in the lowest, 20 per cent tax bracket, a bigger saving in higher brackets. This is how you can qualify under the 'child-care provision: If you file your return as a single head of a household—a widow, widower, divorced or separated person—you can claim the S600 deduction regardless of your income if you meet the other conditions. And if you are a working wife, you can still quality ir your husband is incapacitated. You also can benefit If you file as a married couple, where both husband and wife work and file a joint return. If your combined income is $4,500 or below, you can deduct the full S600. Your deduction is reduced by the amount of your income above $.,500. Thus, if your income Is $4,800, you can deduct only $300. But if your income is $5,100 or more, you are not entitled to any deduction. One very important point to remember—if you claim this deduction, you must itemize your dependent-care expenses and all your other deductions. You can't benefit from this provision if you take the standard, automatic deduction of 10 per cent of your income offered to most taxpayers. The provision applies to expenses in this calendar year, which started Jan. 1. You can deduct them in your income tax return due next April 15. So if you quality, you might want to start now keeping a record of your deductible expenses. You can't deduct child-care expenses if they are paid to your own dependents. And of course you can't deduct baby sitter expenses while you are out frolicking. The theory i s to permit a deduction for expenses you must incur to make a living—just as regular business expenses are deductible. Show Starts Weekdays 7:00 p. m. = Sat., & Sun. 1:00 p.m. Phone 3-4621 TLJC ATnc On West Main St. I nCMI KC , n Blvtheville Air Conditioned For Your Comfort IG DAYS Thurs. & Fri. - Aug. 5 & 6 NO ADVANCE IN PRICE Statler Chain Sale Biggest Conrad Hilton Says Purchase Involves Over $37,000,000 BEVERLY HILLS, Calif.—Hiltqp Hotels Corp. yesterday announced it is buying control of the Statler chain in "the largest transaction in the history of the hotel industry." The announcement by Conrad N. Hilton said the purchase involves 753,000 shares of common stock at a cost of $50 per share. The shares are owned largely by the Statler Foundation and various trusts created by the chain's founder, Ellsworth M. Statler. A similar offer is being made to all other shareholders and should all accept 'the total purchase price would be about 76 million dolars, Hilton said. 26 Hotels Purchase of the eight Statler properties now in operation will bring to 26 the number of hotels owned, leased or operated by Hilton Hotels Corp. Hilton heads a 160-million-dollar system of luxury establishments stretching from Los Angeles to Madrid. Among them is New York's famed Waldorf Astoria. "Statler is a great name in hotel history, and the hotels that will join JAILED - Roman Catholic Bishop Stephan Trochta, of Leititz, has been sentenced to 25 years in prison by a Red court in Prague, Czechoslovakia. He and three other priests were convicted of trying to overthrow the Communist regime. our family will retain that name," Hilton said in a statement. He said Statler personnel and policies will remain unchanged. The Statler chain was founded in 1905 with the construction in Buffalo, N.Y. of a 300-room hotel. Founder Statler, who had previously worked as a bellboy in Wheeling, W. Va., prospered and soon was building other hot-els, all with the famed slogan: "A room and a bath for a dollar and a half." Statler died in 1928. Bobo Gets Her Divorce, Wants Only to 'Relax' RENO, Nev. 0?)—Her second society marriage ended by a Nevada, divorce, Barbara Bobo Sears Rocke- j feller, blonde daughter of a coal' miner, had a small dinner party with her six attorneys last night. ' "All I want to do now is relax," the 37-year-old Bobo told newsmen a few hours after she was granted a divorce from Winzhrop Rockefeller, 42. With the decree'went a reported 5 Vj-million-dollar settlement. She will have custody of their 5-year-old son Winthrop Paul. The onetime Chicago beauty contest winner said the settlement funds will be used for yearly payments for her and her son—"enough to live on." Dist. Judge John S-. Belford granted the divorce after a 15-min-, ute closed hearing, on grounds that she had been separated from her husband since October 1949. They were married Feb. 14, 1948. "The past is over, and I'm looking forward to the future," said Mrs. Rockefeller. She did not dis- clos any plans except that she and young Winthrop would remain in Nevada "for a while." Yiddish Vs. Hebrew- Yiddish is a German dialect, developed under Hebrew and Slavic influence; Hebrew is the ancient language of the Jews, now the language of the State of Israel. Contniued from Page 2. Claude Lloyd, who was head of the Welfare Office, was resigning toj await a blessed event, and knowing Mrs. Martin to be the best "quali- i fied person in the world to deal! with those who had gotten badj breaks ,she insisted on Mrs. Martin applying for the vacancy. There was no doubt about Mrs. Martin's j integrity and first hand knowledge, j She completed five years serivce last month with the welfare • department and has held onto her 40-acre farm west of Osceola. Getting experience the hard way and with no welfare to help her out, Airs. Martin says, a person can do anything if they try and can go through a lot more than they give themselves credit for doing! and who am I to argue with her? i « » * HER GREATEST interest in her work is to stress an educationn for the children jand to help the sick and the disabled, she added. The endurance of the survival of the fittest has taught her tolerance and sympathy for her fellow man. She said she has never had money but there are many more things that are mere important.. And pleasures others can't seem to live without aren't important to her at all. One of her greatest joys (other than her three fine children) is to i know that after so many years of j struggling, she can look back to! 1933, when she first set foot on I Mississippi County soil and began clearing the small tract of land and to see it all cleared now and coton growing on it. She isn't afraid of work, that has i been proven, but is scared to death j of a hypodermic nedle and a camera. The Lord blessed her and her children with good health and she said she didnn't se why on earth! I wanted a picture of her, she had- j n't done anything. I'll leave that unanswered. Read Courier News Classified Ada. /00ta£>/efs49* ONLY ONE HAS PERFECT FEET... Grown-ups who blithely dismiss children's aching feet as growing pains are not aware that the only resemblance aching feet have to growing pains is the fact that the pains do grow—grow worse. Shoes are quickly outgrown, but not foot defects. According to Parents Magazine statistics show that more than 850 out of every 1,000 school children suffer from foot defects. This means that only one out of every six school-aged child has perfect feet. While it is not true in every case, the experts claim that many child foot defects are due to IMPROPER FIT In shoes! .. So, is it any wonder why we have specialized shoe dealers,... men and women who make the proper fit and care of shoes and feet their life careers. Start your child out right ... Let a specialized shoe dealer fit their feet. BE SURE ... LET A SPECIALIZED SHOE DEALER FIT YOUR SHOES! This Ad Sponsored By The Following Specialized Shoe Dealers Of Blytheville Ji* Westbrook's Family Shoe Store 312 West Main Kelley's Friendly Shoe Store 219 West Main Heurer's Shoe Store 423 West Main Floyd A. White & Sons Shoes 313 West Main Zellners Slipper Shop 204 West Main '••**••••••••••••••***•*••••••••••••••••••••••••• OPENS 6:45 EACH NIGHT SHOW STARTS AT DUSK 2 SHOWS EVERY N1TE! RAIN OR SHINE! " ™ •"•"" ™ ™ ™ ~ • m — — •» — ™ •* • •* — — •••.»••:*. «• mi**mmmmmmmm mmmm i LAST TIMES TONIGHT CARLOAD Admitted for 2 - 50^ Tickets Double Feature ALSO ryfhiess mobsters in screen - k ••.; ^nv,;> Public Enemy THE BIG CARTOON — "IMPOSSIBLE POSSUM" THURSDAY & FRIDAY FIRST BLYTHEVILLE SHOWING IGH ADVENTURE / STORMS THE HIGH SEAS! JOHN PAYNE DONNA REED * GERALD HOHR • LON CHANEY - te**d * &«* >, SIDNEY SALKOW - $*, * s««^ * JOHN O'DEA Md SIDNEY SALKOW - ^p.-*,,* EDWARD SMALL .**«* n« UNITED ARTISTS PLUS — 2 COLOR CARTOONS "FIREMAN'S BRAWL" and "PLUTOP1A" ADMISSION 50c CHILDREN UNDER 12 FREE WITH PARENTS YOUR FRIENDLY SHOE STORE Ladies Dress, Casuals And Flats Vogues • Valentines • Ted Saval Up to 15.95 Values — in 3 Price Groups: ALL SHOES RE-GROUPED- RE-PRICED TO MAKE ROOM FOR NEW FALL SHOES Children's Sandals & Acrobats Many Good For Back-To-Schoo! Wear Up to 6.95 Values — in 2 Specially Priced Groups: Men's Summer Shoes JARMAN and DOUGLAS Up to 16.95 Values — in 3 Low Priced Groups:

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