OCR Interpretation


Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, March 06, 1922, Image 3

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn86076241/1922-03-06/ed-1/seq-3/

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(
CARSON DAILY APPEAL, MONDAY, MARCH 6, 1922
INCOME TAX FACTS
Compensation for personal services eminent are taxable income, likewise
in the form of salaries, wages, com-J the fees received by a referee, trustee or
missions, fees, tips, bonuses, and pen- ! receiver, under the national bankruptcy
sions form the principal item in the re
turns of millions of taxpayers. As a
Keueral rule all such income is subject
to tax. lfoweer, there are exceptions
with which the taxpayer in the interest
of self as well as government, should
familiarize himself, a bulletin of Col
lector of Internal Revenue L. A. Spel
lier of Reno says.
Salaries paid to its officers and em-
act. The fees received by a notary
public commissioned by the District of
Columbia are taxable.
Annuities paid by the government to
retired employees are subject to tax to
the extent that the aggregate amount
of the payments exceeds th amounts
withheld from the compensation of the
employees. Amounts deducted and with-
THE AMERICAN LEGION
(Continued from I'age Two)
sion to the adjusted service certificate
title, which will enable holders of such
certificates to borrow from any na
tional bank or bank or trust company
payment was retained in the bill be
cause the men entitled to only this
amount undoubtedly would prefer .';.
cash to a twentv-vear certificate.
Five million questionnaires will be
used by the American Leg on in its
service and compensation drive, to Ik
incorporated under the laws of any .undertaken by states. Each man who
state fifty per cent of the sum of the ' served during thv V Vir. V'ir '.: 1 .
adjusted service pay prior to Sept em-1 a2vjcd of government benefit
ployees by a vtate or political sub- I . , .' . ..
.... , .., . . Ipensation la.d to einino-vees in the civ;I
division thereot (city, town, court or i . ,-,,.,.. ,
, , . e I service of the United Mates, in ::c.:ord-
hamlet) are exempt from taxation. The , , . , ,
. .. 4 . . . , , ance with the provisions of the act pro-
reason for this is that the federal gov-
. , . . , ... Jvuhng f r pensions to government em-
crnment does not tax such activities of i , , ' , , , ,
.... , , nlovees should lie reported for income
a state. rees received bv a notary I ' x. ...
jniiinv. iiiiiMiinriittiii vi iij suuv: ail IHK
taxable, neither are fees paid jurors by
a state or political subdivision thereof.
Witnesses in law suits, however, even J
though sulrponed by state's attorney are
nt considered employees of the state,
and fees received by them are. subject
to taxation.
The commission of a receiver ap
pointed by state, county or municinal
court are not taxable. The commis- ! KaSd ' educational work. As a rule
if. sions of an administrator or 'executor ! the salaries paid public school teachers
ductions can be taken for the amounts
withheld, inasmuch as such amounts
are payments towards the purchase of
annuities provided for in the act.
Inquiries received indicate the im
pression in the minds of many persons
that all school teachers are exempt
from payment of the income tax.
Teachers are not exempt because en-
urged
to carry government insura.icn and
asked to designate the nature of ad
justed compensation he wishes.
An organization to .cooperate closely
with the United States veteran's bu
reau in all parts of the- country in ob
taining adequate care for disabled ex
soldiers will be formed by the legion.
arc taxable because thev are not paid
by a state or political subdivision, but
out of the estate of the deceased.
Salaries of federal officers and em
ployees, including those of the terri
tories and the District of Columbia are
subject to tax. Salaries and fees paid
by the United States to its ambassadors
ministers or consuls accredited to
foreign countries or by a foreign gov
ernment to the United States citizens
are taxable, and the amount spent by
them for entertaining is not deductible.
are exempt, but only for the reason
that they are employees of a state or
political subdivision thereof.
The special exemption of $35X) al
lowed under the revenue act of WIS
persons in active service in military
and naval forces is repealed by the
revenue act of 1921. Soldiers and sail
ors are allowed only the exemptions
granted other individuals. $1(HK) if
single, or married and not living with
wife or husband, $2500 if married and
living with wife or husband and the
ber, 30, 1925
"This date was fixed because after
that time the bill as originally drafted
by the committee provides for a larger
percentage of loan by the government
and has not been changed by the sub
committee." Chairman Fordney said this plan was
expected .to meet with general approval
:ince it enabled the soldiers who may
be in need to obtain cash immediately
after the issuance of the certificates
while relieving the treasury of any
large ca.sh payment during the enor
mous refunding operations which must
be carried out in the next two years
and would- place no additional tax bur-
Gen on the public. Hv floating a $25,000 bond issue. Hi
It was suggested that the interest j Fa so. Texas, has become the first city
rate should not exceed a figure greater j in America to attempt to finance a per
than two kit cent above the rediscount"! maneut American l.egi u Home bv
rate of the regional resrve banks. municipal bonds.
Under another tentative provision
being considered the title to the cer
tificates could not be d'sposed of i y
the service men, the idea being, Mr.
Fordney explained, to prevent the cer-jf F.vanston. Wyoming, year 3021.
titicates falling int othe hands of loan I Goods sold in state of Xe-
sharks. I vada $504.9237,
Convalescing at Kennihvonh, X.C.,
from wounds received in the Arg.mne,
one American Legion man sent $1 to
the Wood row Wilson fund, and prom
ised four more payments. Many Le
gionnaires are listed among the donors
to the foundation.
CALUMET
win? mm
Materials
no Failures
When you use it
you use less
8W
fee v s
Annual Statement of
GOLDEN RULE MERCANTILE CO.
It was explained that the $50 cash
GOLDKX RULF. MKRCAXTILK CO.
Fees paid a juror by the federal gov- ; net income for 1921 was $5000 or less,
F.y H. C. STF.VFXS, Secretary.
and $2000 if morried and living with f25-tlw.
wife or husband and the net income 7
was more than $5000. Use Appeal Want Ads for Results
4"t"l" HtH
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f A. G. Meyers;
ITHF
mm mmm
CARSON CITY, NEVADA
Carson City, Nevada
GROCERIES
HARDWARE
CROCKERY
Prices Are Right
Quality Highest
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Carson Valley Bank I
Nevada
CAPITAL, FULLT PAID
150,000.00
OFFICERS
George Wingfield, Pies.
L. W. Knowles, Vice-Prei
H. C. Clapp, Cashier
G. B. Spradling, Ast C'shr.
D1RECIOSI
Geo. Wingfield
L. W. Knowles
H. C. Clapp
Chas. J. Rulisom
This bank irill receive deposit, bay or sell foreign drafts, make
loans and do a general banking business. Interest at the rate of
4 per cent per annum will be paid on time Certificates of Deposits
and Savings Accounts. United States Depository for Postal
Saying Funds. T
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Styleplus Suits and Overcoats
Mackinaw Coats, Auto Coats, Genuine Velour Hats, all Shades,
$7.50 and war tax of 25c
Crepe de Chine Silk Shirts, $7.50 and war tax, 45c
Neckties, Hosiery, Pajamas, Handkerchiefs, Indian Baskets;
Indian Moccasins.
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j CONTENTS II
When you buy
it -moderate
in price
A pound can of Calumet
contains full 16 02. Some
baking powders come in 12
z. cans instead of 16 oz.
cans. Be sure you get a
pound when you want it
fire insurance
James M. Leonard, Agent
p Cat son Valley Bank CIdg,
I Phone 5-6-1
A. COHN. President
Virginia 8t Truckec Railway
General Offices. Carson City, Nevada
H. COFFIN, General Manager
S. C. BIGELOW, H. L. GRIFFITHS,
uenerai passenger Agent oenerai rreignt gent
Carson, Nevada
-ZTSKur-ETTsn u jnrsist KrraarjK5a vswwcBMa
No.6No.4 No.2M'ls
Mot'rlMix'd Pass. I
April 14, 1921
No. 1 1 No. 3 I No. 5
Pass. (Mixed' Motor
p. m. I p. m. j
1.30
1.38
1.45
2 05
2.20
2.35
2.55
3.35
3.45
4.25
447
J5.09
4 30
4.44
4.48
4 53
5.08
5.18
527
5.40
a. m. I
8.50
8.55
9.00
9.16 1 17
0
7
9
11
927
9.37
9.50
10.00
10.09
10.45
11.00
11.17
11.27 52
21
26
31
31
35
41
45
5C
Lv
N'o.20:No.18;No. 16j
Mot'rMix'diMixed
Is It Not True?
A satisfied customer may be a
good advertisement, but the circula
tion of such ads. is very limited.
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1 ic Lzsmiusm
mm- . m r c w"w & - a w-k t mr m m rru-H
LEARN TO DRAW
SEMO US'YOUft NAXK AMD ADDKESS. WE WILL MAIL YOU Oy
tLLDSTKATED AXT BOOUXT AND TCKMtS WITHOUT ANY COST TO
TOU SCHOOL OOOtSCO M THE LARGEST WWIPAKSS. MACAZMP
EDITOaS AND FAMOUS AKTCTS.
CorrcapandcBoc lntroctiafi mad LocaJ Gim
p. m.
'5.45
5.56
6.20
p. m. I a. m.
3.10 110.00
3 22
150
10.12
10.40
0
4
15
Ar
Lv
Ar
Reno Ar
Huffakers
Browns
Steamboat
Washoe
Franktown
Laksview
Carson City Lv
Carson City Ar
Empire
Mound House
Haywards
Gold Hill
Virginia City Lv
p. m.
"6.50
6.34
6.29
6.24
6.11
6.00
5.50
5.35
525
5.17
5.00
4.47
431
420
a. ni.
10.50
i 10.35
10.29
10.22
1G.05
9.51
9.37
9.10
8.50
8.37
8.10
7.45
726
7.15
p. in.
1.30
1.16
1.12
1 07
12.54
12.44
12.35
12.20
No. 15 No. 17 No. 19
Mixed Mixed Motor
Lv
Ar
Carson City
Stewart
Minden
Ar
Lv
p. m
'12.10
11.58
11.30
p. tn.
5.10
4.58
4.30
p. m.
7.00
6.49
625
QuiGk Senri Ge used Car Parts Supply Co
Daily.
Connecting at Reno and Mound House with Southern Facific Co., at Car
son City daily except Sunday May 1st to June 15th and September 1st to Octo
ber 31st. Daily June 15th to September 1st with auto stage for Glenbrook,
Lakeside Tark, Bijou and Al Tahoe; at Minden with daily auto stage for
Woodfords and Markleeville ; daily except Sunday with auto stages for Genoa,
Walley Springs, Colevil'.e, Topaz, Wellington, Sweetwater and Bridgeport.
Passengers for Masonic leave Minden Tuesdays and Thursdays, remain at
Sweetwater over night, arriving at Masonic on Wednesdays and iridays.
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460 12th Street, Oakland, California
Quick Service on all parts of old model cars. Anything from
Hub Caps to Motors
Make of Car -
Mnftel . , 4
Engine No.
Serial No
Farfs wanted
We advise our customers to forward the old part with the order as it
saves time and eliminates mistakes in sending you the wrong part, which
will sometimes occur, as there are so many different models of the same
make of car. . Our motto is "Quick Service." With your help in order
ing correctly, we will try to please you with Quick Delivery and moder
ate prices.
The APPEAL
Reaches Those Who Buy
CpRINTER'S INK
widens the world
of ciery business If
a business t managed
well, Publicity is the
next great factor in
its success
MO HAL:
Advertise And Then Advertise
Again
TUKK OTT

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