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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 25, 1933
Page
10
Editor's note outlines 1933 changes in the new income tax law. It explains limits on stock loss deductions, rules for capital vs noncapital assets, and other deductions for bad debts depreciation fire taxes and interest.
The article outlines deductible and non deductible expenses under evolving tax law, noting charitable gifts to established organizations are deductible while contributions to relatives or friends are not. It covers manufacturer levies versus direct public taxes, theater and auto taxes, interest exemptions on bonds, and surtax impacts on high income. It closes with a society note on a Rowley wedding between Donna Murphy and Carl Benorden in Galena Illinois with companions.
Officers of Cows camp No. 4 United Spanish War Veterans and auxiliary were installed at Memorial Building meetings. Frank K. Hahn and Julius F. Sorensen presided. Key posts filled include Jay H. Watts commander and Mrs. Jay H. Watts president.
The Oxford P T A gathers Thursday at the school with Miss Ruth Linkhart directing a playlet The Twelve Months of the Year by third graders and a dramatization The Bremer Band by fourth graders Mrs H M Edwards will speak on Thrift William Callan won the Winthrop declamatory contest with Milo Postel second Bonita Talley led the dramatic class while Winifred Meffert placed second in that category Kenpart Jones won humorous class with Ida Hamilton as runner up.
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