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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jan 05, 1922
Page
8
Internal Revenue Collector Malcom Nichols notes that under the 1921 act the personal exemption for married persons and heads of families rises to 2500 dollars for incomes up to 5000 dollars, with a 2000 dollar exemption for higher net incomes. Returns become required if gross income reaches 5000 dollars.
The article explains how stock dividends are treated for tax purposes under the 1922 Revenue Act. It details taxable and non taxable portions, adjustments to stock cost basis, and the treatment of dividends paid in stock of other companies. It notes stock dividends remain exempt from normal tax but may face surtax, and discusses foreign and possession based taxation, liquidation dividends, and exemptions for building and loan associations up to $300.
On January 4 the House opened debate on the Dyer anti lynching bill amid a determined filibuster by Democratic opponents. Rep Garrett led lengthy roll calls, while Rep Dyer and Rep Sumners spoke for and against the measure. The bill will be set aside tomorrow for the treasury appropriation bill, with a potential vote soon.
Marie Hogan 17 and Gladys Hogan 9 were fatally burned in a Catro Illinois house fire blamed on a still explosion. Police reported the incident occurred today, detailing two sisters as victims and noting the blaze originated from illicit distilling equipment.
A sharp remark suggests someone expresses little faith in the committee inquiry results and raises questions about its conclusions.
A note states that health resources will be placed at the disposal of the government tomorrow, indicating planned allocation and readiness for official action.
Acting on the American Legion at national level Massachusetts officials sent a protest to state senators and congressmen urging them to stop the disenrollment of medical reserve officers in Public Health Service hospitals and at the Veterans Bureau. Replies received stated the plan would not be carried out.
Treasury announced a December reduction of more than 180 million dollars in the public debt. The total debt stood at 23,488,984,861 on December 31, down from 23,619,085,72 on November 30.
An advertisement urges readers to use Jad Salts to flush sluggish kidneys. It claims four ounces of the drink taken with water before breakfast keeps kidneys active, reducing headaches and bladder issues, and promotes the product as a harmless, affordable lithia-based effervescent water. A local druggist notes high sales among people seeking early kidney relief.
The Senate approves a resolution, urged by Senator Kenyon, to direct a Federal Trade Commission inquiry into price conditions across factory, wholesale, and retail levels in the house furnishing goods industry. Debate attacks profiteers and trusts while some senators urge broader scope including other commodities and industries.
Washington Jan 4 Negotiations on a new thirty million dollar loan through the National City Company of New York to the Danish government were completed with signature by Danish Minister M R Brun on the temporary bond. The minister was informed the loan has been over subscribed and the money raised.
A drug store product Wyeth's Sage and Sulphur Compound promises to cover gray hair naturally and evenly. The ad claims quick results dampening with a sponge or brush and repeated uses will leave hair dark, glossy, and youthful looking, with low cost and ease of use.
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