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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 19, 1957
Page
8
The article explains how stock losses can offset taxes, urging selling losses to reduce tax, warns against buying similar stock within 30 days, and outlines long term versus short term gains, with 25 percent tax for higher incomes and capital gains calculations.
Soviet Communist Party chief Nikita Khrushchev issued a reply in the New Statesman to Bertrand Russell accusing NATO deployments of nuclear weapons as a mortal blow to European security. He warned that accidental use from bases in Britain could trigger immediate massive retaliation and atomic war, while urging coexistence and ending the arms race.
The guidance covers how to offset gains and losses on investments. Long term gains offset by short term losses, or vice versa, with remaining amounts taxed as long term gains or ordinary income accordingly. Excess losses can offset ordinary income up to 1000 per year, with carryover rules for future years. Capital losses also offset capital gains in the same year.
Southside Baptist Church chancel choir schedules a Christmas Cantata titled The World's Redeemer for Sunday at 5 PM. Fred B. Holton arranged and composed the music, with soloists Soprano Mrs Barbara Estes Alto June Casey Tenor Conner Jenkins Bass Ed Self and a full choir of named members. Organist Mrs Comer Junkins pianist Mrs Alvis Briscoe and director E C Hendon lead the program.
Jim West known as Silver Dollar was a multimillionaire with oil cattle timber and banking interests. He owned a fleet of over 40 Cadillacs and built a private arsenal into his cars. A Collier's profile once pegged his worth at 100 million. West counted many Texas police officers as friends and liked cops and robbers play.
Austinville Methodist Church presents a Christmas pageant Let Us Tell The Story directed by Mrs Kathryn Lamon Sunday at 7 pm Brenda Martin plays Mary Joseph is Bobby Osborne and Greg Terry Lee Mitchell are title holders Angels usher in the scene with Shirley Faye Lake Ann Walker Bobby Hames Jackie Howell and Gail Stewart Shepherds include Sonny Terry Terry Singleton and James Earnest Long Wise men Leston Sims Raymond Hamilton James Wallace Glasgow kneel at the manger scene as the trio sing We Three Kings of Orient Are A pantomime with silent characters and live music sung by the senior choir directed by S M Rigel and the children's choir supervised by Mrs Bill Jennings.
Police came to the home of Smithy Lewis to arrest him for failure to provide for his five. He declined saying he must stay home to care for the children while his wife works.
The Red Cross Bloodmobile will visit Athens Elementary School in Athens Alabama from 2 p.m. to 8 p.m. Sponsored by the Athens Jaycees and the Athens Lions Club the drive aims to gauge local demand with a 15 pint quota.
Rev. Newton Malony, pastor, is set to read an offering to benefit the Methodist Children’s Home in Selma. The finance commission chaired by S. M. Dollar approved funding from the church budget plus any additional gifts raised during the service.
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