The Courier News from Blytheville, Arkansas on January 17, 1956 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Tuesday, January 17, 1956
Page 2
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PAGE TWO BLTTHETILLB (ARK.) COUBIHt IfUfl TUWDAY, JAMTTAKT IT. MM Income Tax Primer h It's"Do- ItYourself Year for Taxpayers FDITOK'S NOTE- Here's the first of 12 articles in NEA's annual Income Tax Primer, recognized , M«r, a. the authoritative "do-H-yourwlf" tar tuide for millions of newspaper readers. Th. for 14 '"'"'^^""^ prepared by Richard A. Mullens, who has conducted NBA'. Tax Primer in» i»4» Clip and save all 12 articles for future reference when you work on your return. (Sorry;>. from reader, can "^^"^^ Written for NBA Service TnHcnnp- from recent announcements, the Internal Revenue Service is hoping the do-it- yourseU/adiSreadW the millions of taxpayers who must file their 1955 tax return by the April 16 deadline. In years past, an Increasing number of highly trained revenue agents have been pulled off their regular jobs of tracking down tax delinquents and assigned the task \\ of helping fill out returns for taxpayers' who showed up at the rev- .nn. nfflrp Thlr V*T. •T"t«rnal Bevenue will answer questions and supply information, but hopes most able-bodied taxpayers will, cooperate by filling out their own returns. The average taxpayer doesn't Save complicated business transactions requiting the advice of an expert on tax law. But most all taxpayers who fill out their own returns want more help and explanation than is provided in the official instruction booklet Issued with the blank tax returns. This year, just as it has for the past 15 years, NEA's Income Tax Primer is designed to fill the need of the taxpayer who wants to complete his own return but who also wants additional help, tips and explanations to insure his doing a good job. If you have to file a return for 1955, save each article of the Primer »s it appears in The Courier News. This brings us to a question ev- eryone'is. interested in: "Do I have to file a return?" The law provides that all citizens tnd anyone residing in -the United States even though not a citizen must file a return if his income for 1955 was $600 or more. There is an exception and a qualification to this rule. If you were 65 or over on Dec. 31,. 1955, you need not file a return unless your $1,200 or more and self- employed persons, social security tax rhustjfile a. return if they have net earnings', from self- empldymerit of at least $400 even though their gross income is less than *« »600 or $1,200 test described above, such persons will not owe any income tax but a return is required 30 their social security account will be properly credited. In determining whether you have received «W (or Sl.MW if OTW M) Income, yon cannot PO'g'vlPONTS PROPOSED BUDGET OF EXPENDITURE* TOGE1BEB WITH TAX LEVT FOR FOCAL YEAR BEGINNING HILT i, INI, TO AND INCLUDING JUNE St. • ,,,;. • MS* •;•,.:••, V The Board of Directors of Manila School District No. II of MtMta- sippl County, Arkansas In compliance with the requirements of Act 403 of 1951 and of Amendment 40 to the Constitution of the State of Arkansas, have prepared, lip- proved, and hereby make public the proposed budget'of expenditures together with the Ux rate as follows: ,•; • General Control, $2.115; Instruction. (107,834; Operation of School Buildings, $14,000; Maintenance of School Plant » n d Equipment, $9,000; Auxiliary Agencies (including transpsrtitton), $14,300;. Fixed hCarges, 53,500; Capital Outlay, $24,258; Debt Service, $13,0*1, To provide for the loregoing proposed budget of expenditures th* Board of Directors proposes a tar levy of 60 mills. Tfois tax levy includes the present continuing levy for the retirement of present lrt debtedness. • GIVEN this 3rd day ol January, 195«. BOARD OF DIMCTOM, Manila School Dlstriet Mo. M of Mississippi County, TRIGGER WALL, Secretary. MILTON TOWLE8, President. PROPO8KD BUDGET OF EXPENDITUBE8 TOGETHER WITH TAX LEVY FOB FISCAL TEAR BEGINNING JULT 1. 1U7. TO AND IKCLUDING TONE M, 1W« The Board of Directors of Eto- wih School District No. 3« of Mississippi County, ArkansH In compliance with the requirements of Act 403 of 1951 and of Amendment 40 to the Constitution of the State of Arkansas, have prepared, approved, and hereby make public the proposed budget of- expenditure* together with the tax rate General control »J,000.00; Instruction H»,000.00; Operation of School Buildings $8,000.00; Maintenance of School Plant and Equipment W.000.00; .Auxiliary Agencies $8,000.00; Fixed Charges $1,800.00; Capital Outlay $!,00o:<»; Debt Husbands! Wives! Get Pep, Vim; Fwl Yowiger Service $9,500 00. To provide for the foregoing proposed budget of expenditures the Board of Directors proposes a tax levy of 80 mills. This tax levy includes the present continuing levy for the retirement of present Indebtedness Given this Mh d»y of January, 1656. BOARD OF DIRECTORS, Etowah School District No, M of Mississippi County, Arkansas, W. B. TYER, President, BRYAN HEARD, Secretary. i. tod uw «L45. •MUT INTERFERENCE tfOH'T WAIT U^TlL LAST SKvffiSffiSBw MINUT6TD RUEIYOU* •ERRORS.- RETURN..- CUP AND SAVEALL PRJMfiP i'-ARTlCLES.. of any that was withheld, but it will not be repaid unless a return is filed. Even though the deadline for filing 1955 tax returns is not until April 16, 1956, It's a good Idea to complete your return early »o that you won't be rushed at the last mintue. If you have a refund coming, the sooner you file, the sooner It will be mailed to you. REPORT YOUR INCOME HONESTLY subtract non-business deductible items such as charitable contributions, taxes on your home, or Interest on your home mortgage. For example, suppose you are a student who earned $650 In 1955. Even though you contributed $50 to a church and paid $10 as interest on a loan,- you would have to file a tax return because your gross income exceeded $600. Many students and others who worked part . time in 1955 but earned less than $600 should file a return if income tax was withheld from their pay. Such persons owe no tax and are entitled to-a..refund NEXT: What form sholud you use? Billy Graham Off to India , NEW. YORK (*—Evangelist Billy Graham left by plane Sunday for a month In India. ; Before leaving New York he said he had been invited by leaders ol Christian churches in India, and added: "I'am not going to proselytize any Hindus. I will talk to the Christian people in India, of which there'are eight or nine million. "I am not going for any politics reasons or to get involved in poll- tics. I will simply talk about the love of God." * Qonuo^CLEARANC (I SI,, ' • HILLY ({CONDITIONED USED MACHIHES • SINGH FLOOR MODUS 1 • SINGH OfMONSTRATOHS , As featured over TV oa Four Star Playhoust LOOK FOR the guarantee tag—it's your assurance that the SINGER machine you buy hoi been: . • ' . . fUUY RECONDITIONED IT fNKH-TRAIKED EXPERtt WITH WARRANTED SIMM* PARTS IACXEDIY SOWER SEWING MACHINE CO. SOMI M IOW M T».sin I .pw,.c.. ONir $7.30 OOWM IA5Y TERMS Many on* and two «f a kindl Cam* tarty for km stliftiM. SINGER SEWING CENTER • tlJtld In tht tllephorl book und>r SINGH SEWING MACHINE CO. 414 W. Main Ph. 2-2782 S&E SUPER MARKET Highway 61 North ' Wt Deliver—Phone 3-9663 • Modern Self Service Facilities • Choice Meats • Finest Produce • Quality Groceries • Frozen Foods Enjoy Modern, Self-Service Shopping with no parking problem at any time. Shop S&E for Quality. Any way you look atit... ; THE PRESIDENT CLASSIC—ton0**t, roomltst a*d«n In lt» fltild—21O hp. The big news in the low price field is the big new Studebaker Craftsmanship with a flair makes Studebaker the Standout! Take a real good look at the big new Studebakerl You'll quickly see it's the on* or that stand*; out in the low price field th» year. Look »t ita styling ... its new longer, bigger look. We call it craftsmanship with a flair! Look at its performance . . . with dai- riing new Take-off Torque. Yours in three brilliant new Sweepstakes engines—all of **•«• them engineered tor power-with-economy. Look at its new idea*... Flightomatic— the smoother, raster-starting automati* drive. Sound-conditioned ceiling*. New Safety-action brakes. Exclusive Safe-lock door latched. Seat belts optional And, roost important, look at the choice! Sixteen exciting models in five great serii Hurry to your dealer! See them today! And meet the Studdaker HAWKS! ***** ***'' /ifjf T ** "•"' "••*•*•''•' O»«l«f «h«n you'd Ilk* to h«v« « »•«• etwlol tiff *> >•>" «•*' *» » ***iOfittr««on Ortv.. K. »»«•««•«. o< «wm». Studebaker Th« rab«lou« J76-hp. ' Golden Hawk heads tha fc«t Ml HM <rf fcsuly ' sportscara . bnath-takim , with for ire! Four H«»k» in few price elas*s*...GoiaM Hawk, Sky Hawk, ?ow» Hawk, Mi* Hawk, ovtry wMk. Mens Wool Suits • Flannels •Worsteds • Gabardines •Twills ALL COLORS-ALL SIZES -Including All Blues and Charcoal Tones Reg. $59.95 NOW *30 00 Reg. $32.50 NOW Extra Special! ONE GROUP OVERCOATS They Won't Last Long 10 SPORT COATS Fine Quality, Nationally Advertised Styles, all Wool Coats included — Complete Size Ranges REG. $45 REG. $34.95 REG. $25 Large Group Reg. $3.95 White Shirts All Nationally Advertised (Some slightly soiled) These and Many Other Terrific Values Await You Now at Hudson's! / ' - ' . All Soles Final - No Refunds - No Exchanges HUDSON CLEANER - CLOTHIER -TAILOR BLYTHEVILLE, ARKANSAS

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