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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 18, 1934
Page
12
Tax rules since 1932 limit losses on securities held under two years to offset only profits from those same assets. An example shows a taxpayer with salary 20000, profits 5000, losses 30000 ends with net taxable income 20000 and tax due, as 26000 of losses are not deductible.
The text explains who the restrictions apply to including corporations partnerships and trusts and lists exceptions for banks dealers in securities and government bonds. It discusses securities definitions covers stocks bonds and investment trust interests and notes exceptions for government bonds and nonpublic entities. It also covers short sales wash sales and the nondeductibility of certain losses and offsets under the tax law.
A mother marks the first anniversary of her son Ernest Andrews’s death with a poem. She recalls his patience courage and smiles as he faced illness and death and asks for his love to guide her walk with God. The verse ends with a tribute from Mrs C M Andrews.
The article explains wash sale rules within thirty days of a sale involving identical securities and notes that losses are not deductible, profits remain unaffected, and that net losses could be carried forward in earlier years but were eliminated in 1933. It ends by promising a discussion on deductions that reduce or eliminate taxable incomes.
The article explains mascara use in masquerade theater makeup requires more time and patience due to heavier quantity. It advises using black mascara for Oriental makeup and to apply mascara after all other cosmetics are in place.
The guide explains dampening mascara before applying with a tiny brush to lashes and lifting eyebrows to curl. It warns against lower lash mascara unless a dressing room is assured, then outlines smoothing hair back and forming a large rolled bun, with padding if needed.
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