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Collection: Newspapers > Nevada City Nugget

November 22, 1943 (4 pages)

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Page Four {six weeks of training, it was an-. ing are also part of the pre-flight ' nounced today by Commanding Of-. training for future Navy pilots. i . ficer Clyde W. King. : Pie. John. Larue— :° . To be eligible for this honor,. !Pfe, John Larue, member of one Cadet Schiffner had to nmiaintain ni the army’s glider paratroop regi5; javerage of 3.4 or better out of a ‘Merits in the midwest, is home on a . Possible 4.0 during the first half of . ten day furlough with his wife and is training period at St. Mary’s pre-'son. Larue served as assistant dis. flight. j trict attorney of Nevada County be. Academic courses In wnich Cadet! fore entering the service. . Schiffner excelled included celestial. Lieutenant Finnegan— . navigation, advanced aerology, es-. Lieutenant Frank Finnegan, wife . sentials of naval service and ae daughter spent the past week Mary's College, Nov. 22.—Cecil G.}ed recognition of ships-and planes.!end in their: home in Nevada City. Schiffner of Nevada City has been . Military subjects, including infantry . He was city attorney before enterplaced on the ‘honor roll at this pre, drill, seamanship, gunnery and com-. ing the service a year ago. flight school in recognition of his munications, and an intensive ath-. } Lloyd Ruth— scholastic excellence during his first , letic program for physical condition. ~ Lloyd Ruth, son of Mr. and Mrs. Cliff Dodge, has gone to Bisbee, Arizona, after a furlough of several days in this city. He is. the second son of Mr. and. Mrs. Dodge in the U. S. Armed Forces. “Another brother, Max Ruth, joined the marines. two years ago. Reginald Kennedy, Chief Petty Officer— Reginald Kennedy, who has been in the U. S. Navy four years, is now chief petty officer. He continues to advance in his work and is stationed on Treasure Island. Reginald is the son of Mr. and Mrs. A. C. Kennedy of Nevada City. Oliver A. Kennedy— Oliver A. Kennedy, better known to his many friends and classmates as ‘Jack’, is now torpedoman third class. He writes his parents,. Mr. and Mrs. A. C. Kennedy, that he jis working hard. He is somewhere in the South Pacific and states he gets homesick but it is a pretty country where he is stationed. He is treated in a most kindly manner by the people residing there. William Muscardini— William Muscardini, sheet metal mechanic in the-U. S. air division, is still in England from letters received in recent days. He had received two Christmas packages from local-relatives. He is the son of Mr. and Mrs. J. P. Muscardini of this city. Lt. John Muscardini— Lieutenant John Muscardini, engineer, is still teaching camouflage at Mitchell Field, New York. He is also administration officer at the school. John is the second son of Mr. and Mrs. J. P. Muscardini and a graduate of the local schools. Clement Henwood, Paratrooper— Clement Henwood; paratrooper, who has been in training in a camp in South Carolina, arrived the latter part of last week for a two weeks furlough. He is visiting his grandparents, Mr. and Mrs. C. MuscearHAVE HAD YOUR . FIRST f GOOD RAIN dini and other relatives. His sister. foe OE emanate apt: a Miss Joyce Henwood, who is employed in Berkeley is aiso home for a visit with her brother. A Thanksgiying celebration is being prepared for a happy family gathering on Thursday. Jackson Englebright, Lieutenant, Jr. Grade— . Mrs. Grace Englebright a message from her son, Jackson Englebright stating he had a few day’s leave on the Atlantic Coast. With his wife he was visiting his uncle, E. A. Englebright, and family in New York City. He received a new assignment several weeks ago and BETTER FIX THAT ROOF RIGHT AWAY has advanced to lieutenant (jg.) carry all kinds of roll roofing, enough to stop that * leak or enough to cover the whole house © Ming Tile Gai Rue stlas anid boo. NEVADA COUNTY LUMBER CO) [/='s:'xoss, toot rosea in so q 4 & die of Reno, spent Thursday in Ne: The Pioneer Lumber Yard vada City visiting the ladies’ broth< er, Jack Snell and Mr. Beedle’: sisPHONE 500 244 BOULDER STREET NEVADA CITY ter and brother in law, Mr. and Mrs. ree Hitchens. IN GLOBAL WAR Cecil G. Schiffner— U. S. Navy Pre-Flight School, St. 4 GIVE YOURSELF A “NEW” REFRIGERATOR FOR ONLY $5.85 REFIG-O-MASTER, sensational accessory ‘‘converts"’ all refrigerators into ‘‘super-delux” performance! : OTe eS eS SS ee Ad SAVES YOUR REFIGERATOR—Adds years to life. Cuts operating expenses as much as 25-50%. Prevents costly breakdowns and repairs ALPHA STORES, Ltd. GRASS VALLEY — PHONE 88 the he he he he he he oh te, te RIE OR OR RO he he he hehe she he st, ce OR Ee ee Oe OR RR OE Oe ee ee eiHidiolelolnleieieieigicieiniieioietotutetetatetutete oS i a i i tk a Tee ST eS eS eS ee SS ee ee Se re i ieee Tree eS eS NEVADA CITY — PHONE 5 Be il le i ie ae AR AR AR OR RR she she she at Bs : £ ws % OG as oe we “ Oo we ee a me m Aa x Og %e x ie oe % % ” x ™ 7 XG % ate me a ie 7s PX we % ae me % a te % % % ae % receivéd We Sait say? “Food’s a war weapon — make the most of it!” must have meat, es) So if you find <3 and canned goods. yourself mah less of “sit foods, remember, f, we have to share She these war weapons with our fighting men! >a Don’t forget, there are other foods. the market that are plentiful—and (bf.. nourishing, too. Let's make the best of them!” iis adcertisement contributsd to the j f, war fort by Borden's Capital Dairy Co. She Se” ABREIS WHAT FARMERS SHOULD KNOW ‘. —$980, plus 24% of Editor’s Note: This is the second of a series of articles on Federal Income Tax prepared by Collector of Internal Revenue Harold A. Berliner in San Francisco. HOW TO PREPARE A FARMER'S ‘RETURN Q How does the farmer go about filing his estimated declaration? A Practically the same as he did in former years during the March 15th period. Q . Many farmers will be filing income tax for the first time. What necessary procedure must be followed in preparing the return? A (1) Take the total gross receipts for the year: (2) Substract the total gross expenses for the year. (3) The remainder is the net. profit on which, after certain deductions, the income tax is computed. Q What steps are necéssary in computing the expenses for the year on a farmer’s income? A Many things may be taken into consideration as the cost of running a farm—some are itemized below: (1). Cost of labor. (2) Cost of: irrigation. (3) Cost of feed, for livestock— such as hay and grain—not produced on the premises. (4) . Cost of repairing machinery. (5) (Cost of gasoline or other power used to.run machinery. i (6) Cost of repairs on buildings other than farmer’s dwelling.
(7) Depreciation on farm machinery and buildings other than farmer’s dwelling. (8) Cost of supplying food harvest crews. (9) Farmers are allowed to deduct the cost of renting or leasing land used in. agriculture. Q .Are any other items to be considered as expenses in farming? A + Yes: But the general ones have been listed. There are other items which may be deducted from the net profit. Q What are some of these items? A (Contributions to charity—-real and personal property taxes—medical and dental expense over 5 per cent of the net taxable income: Q What is the difference in gross profit—net profit and. net taxable income as used in preparing income tax returns? ; A Gross profit is the sum of all income for the entire year. Net profit is the sum remaining after the cost of running the business or. farm has been substracted. ‘Net Taxable Income is the amount remaining after such deductions, as contributions, taxes, ete. have been substracted. . Q After the farmer has arrived at his net taxable income, what steps must be followed for the tax computation? A Subtract tre personal exemption from the net taxable income. Q What does the government allow as personal exemption? A (1) Fora single $500.00. (2) 200.00. (3) . For a dependent—$350.00. Q When the personal exemption has been subtracted from the net taxable income what is the next step? for person—For a married couple—$1,A This remainder is subject to} surtax, and is called the Surtax Net Income. : Q What are the surtax rates? A Listed below are the first six surtax brackets: Not’ over $2000—13% of the surtax net income. Over $2000—but not over $4000 —$260, plus 16% of excess. ovar $2000. Over $4000—but not over $6000 —$580, plus 20% of excess -over $4000. Over $6000—but not over $8000 excess over $6000. Over $8000—but not over $10,000 —$460, plus 28% of excess over $8000. Q What is the next step? : A Determine the earned income credit. Q. How is the credit determined? A If the net taxable income is $3,000 or less, take 10% of» this amount. If the net taxable ,income is more than’ $3,000 take 10% or 20% of the net taxable: income, or up to $300. The first $3,000-is considered as earned income. ever the 10% or 20% is more than $300, the total amount will be allowed as earned income credit. Q Once the earned income credit earned income ‘. has been determined what is the next > procedure? 4A First’ subtract the earned income credit from the surtax net income. This remainder is subject to the normal tax of 6%. Add the normal tax to the surtax and that-is the Nevada City Nugget — Monday, November 22; ABOUT TAXES total income tax due. Q Are farmers subject Victory Tax? A’ Yes. Q How is this tax computed? A Using the amount of money set up as the net profit, the farmer deducts the Victory Tax exemption of $624 and takes 5% of the’ remainder. fe ‘ Q Does the married farmer have the same Victory Tax exemption as a single farmer? A WNo. A Married farmer on a joint return has‘an exemption on the Victory Tax of $1248. Q Are there any deductions against Victory Tax? to the, A Yes. Allowances of up to 40% of the total Victory Tax may be taken for the purchase of government securities, such as War Bonds; or paying of debts acquired before September 1, 1942) only such portion of the debt‘ may be considered as was paid in 1943-—and the’ payment of premiums on Life Insurance Policies acquired before Septémber 1, 1942-— only such premiums as were paid in 1943 may be considered. (Editor’s Note: At the present time a bill passed by Congress allowing the full 40% credit on Victory Tax for every taxpayer regardless of the above listed credits awaits the president’s signature before becoming law. Taxpayers are advised to follow the progress of this bill relative to deductions against Victory Tax in this newspaper.) 1943 Q Is the-Victory Tax paid separately from the Income Tax? A No. The Victory Tax is added. to the Income Tax and both taxes, Victory and Income Tax must be paid together. : (Editor’s Note: This is the sec-: ond of a series of articles on Federal Income Tax—see the thiird of these articles ‘in November. 29 issue of the Nevada City Nugget. on the correct method to be used by farmers in preparing and filing thé estimated declaration. ) Must Report Property Held In Foreign Lands Citizens of Nevada City, California who own any property in foreign countries were notified by Postmaster Betty Martin West today that they must file reports on their foreign holdings with the Treasury Department before December 1. The notice was given by means of a poster placed on display in the post office. Report:forms, known as TFR-500, may be obtained through commercial] banks, or from the nearest Federal Reserve Bank the postmaster states. Penalties are provided for those who wilfully fail to file reports. BREAKS ANKLE BONES Earl Smith, living on the Tahoe Ukiah Highway, just east of Nevada (City, suffered a broken ankle last week while moving a ‘heavy stove from his home. He stepped on a Pebble which turned his ankle and he fell with the stove atop him. He was removed by the. Holmes ambulance to the Community Hospital in Grass Valley where Dr. Harry March placed his ankle in a cast. Tf howWATE He’s a pri hot water for a tub bath. occasionly. your buying a new one. * Telephone—Grass Valley 108 2. DRAIN YOUR WATER HEATER REGULARLY. valve on your heater and run water clear of sediment. That's all. 3. KEEP YOUR WATER HEATER CLEAN. Brush off the burner CONSERVE AND SAVE FOR VICTORY! . “pAMPER Your R HEATER! celess old dear! Heavens to Betsy..wouldn’t it be awesome if your water heater quit you cold? Here are four ways, however, to pamper the old dear to keep him happily and faithfully yours for a long time. 1. CUT DOWN ON WASTEFUL USE OF HOT WATER. Think before you draw even a quart or two of hot water. Was it nec. essary? Make it snappy when you take a shower. Rinse dishes in a pan.. NOT under a running faucet. Use less To drain, open the into a bucket until 4. DO NOT HEAT WATER T6O HOT! If your water heater has an adjustable thermostat, set it to 120 degress. It will be ' easier on your plumbing, too, plumber or repair man only They are busy people these Remember call your when absolutely necessary. days, a se) : i GE eesetane ie bshshstone he seen testes hee es ttt te seintteteteiene tte srteteei fetta That Raincoat Of Yours Is it stained here and there with 1942 mud splashes. Is is wrinkled and frowsy from hanging in the clothes closet all summer and fall. If it is not spic arid span, bring to us" and we will clean it, and press it, and—renew it. You'll hardly recognize it and-if you care for it, it may save GRASS VALLEY LAUNDRY AND DRY CLEANERS _ 111 Bennett Street, Grass Valley Telephone—Nevada City 2