Income tax in a nutshell for individuals and couples
For single filers with net income at least 1000 or gross 5000 and married couples with net income at least 2000 or gross 5000. Due March 15, 1923 to the district collector of internal revenue where the person resides or conducts business. Full instructions on Forms 1040A and 1040, law and regulations. Four percent tax up to 4000 excess of exemption, eight percent on balance, surtax 1 to 50 percent on net income over 6000 for 1922.
MENTIONED IN THIS ARTICLE
Coupes
Internal Revenue
Income Tax on Corporations and Associations Explained
The article outlines corporate income taxation, noting favored rates for corporations over individuals, exemptions for certain entities, and deductions allowed. It lists groups exempt from the tax such as religious or educational foundations, fraternal societies, and nonprofit organizations, and explains net income calculation as gross income minus deductions and exemptions.
Tax Rules on Depletion Dividends and Excise Tax Outlined
The article explains depletion allowances for natural resource properties including mines and wells, and outlines how dividends by corporations are taxed under surtax rules. It notes new penalties for stockholders if profits are unduly accumulated, and introduces an excise tax on capital stock for domestic corporations. It also includes a stray gossip column on fashion trends from Norma Talmadge and other screen stars abroad.
Income tax rules on travel expenses for salesmen
Traveling expenses are deductible if the trip is business related. If not reimbursed or if paid on commission with no allowance, the full travel costs may be deducted. Salary plus expense allowances require inclusion of the allowance in gross income with deductions for meals and lodging. Only reasonable and necessary costs are deductible.
Bank Robbers Terrorize Springfield Residents
A gang of armed robbers terrorized Faston residents in HL by severing telephone wires to block help, looted the bank, and fled. No injuries reported. Police hunt suspects.
MENTIONED IN THIS ARTICLE
Sy Associated Press
Springfield
Faston
Lemarely
Parish Auxiliary and Guild Meetings Scheduled
Tuesday the Junior Auxiliary meets at the Rectory at 4 PM. Wednesday the Parish Guild holds its Auxiliary meeting at 3 30 PM with Mrs. W. W. MacGregor.
MENTIONED IN THIS ARTICLE
W. W. MacGregor
Lighted Windows and the Long Road Home
A verse reflection on wandering the world yet finding contentment in familiar, yellow glow lighted windows and quiet neighborhoods. Also local notices describe Dr. W T Wilson’s return from family illness, travel news, social events, and a Kentucky wedding of Elizabeth Baker to Erle T Harvey with ties to Texas.
MENTIONED IN THIS ARTICLE
Ililda Morris
New York
W. T. Wilson
Dallas
Harvey Baker
Louisville
Kentucky
Elizabeth Baker
Eerl T. Harvey
L. P. Baker
Laredean
John
Harvey
Otl and Refining Company
Treaty Proposal Aims National Boll Weevil Fight
Associated Press reports President Harding urged using all federal resources to wage a national boll weevil campaign. A letter to Dr. Miller Reese Hutchinson notes hope for broad mobilization and links to cotton prosperity. Harding also suggests regional talks to study interstate treaties for cotton conservation along the Colorado river corridor.
MENTIONED IN THIS ARTICLE
Associated Preae Washinern
Powertane
Ds Aed
Hardius
Miller Reese Futchinson
Fle
Noted outlaw Gaftured marked by Oklahoma authorities
Associated Press wire reports Henry Starr an outlaw killed in a bank robbery attempt near Yarriace Ark War. details unclear as text is garbled. Mentions brother Seam Loockhart and other named persons and places with damaged OCR.
MENTIONED IN THIS ARTICLE
Sabilisew
Okla
Oklahoma
Henry Starr
Seam Loockhart
Carlicde
Bank Robbery Bandits Surrounded After Border Escape
Bandits believed to be from Spenser and Vick Grees robbed the bank of Chortugquye in Jamesas and fled across the border with about Breen. They were cornered in the toruoe Hills north west after retreating.
MENTIONED IN THIS ARTICLE
Toruoe
Westeo
Chortugquye
Jamasas
Breen
Spenser
Vick Grees
Elgin
Kansas
Referendum Against Federal Education Dept United States Chamber
The Boston Chamber of Commerce reported that the national Chamber of Commerce voted against creating a general department of education and against enlarging the federal bureau of education. A majority opposed federal aid to education based on matching state appropriations.
MENTIONED IN THIS ARTICLE
Boston
Mass
Chamber of Commerce of the
United States
Department of Education
Boston Chamber of Commerce
National Chamber
Federal Bureau of Education
Strikers Demand Jobs Restored Amid Allied Protests
Striking railway workers in Germany press for reinstatement as officials protest expulsions of German officers from occupied zones. A note from the German government to Britain France and Belgium and the Rhineland commission condemns actions described as brutal. Belgians are accused of occupying railway stations at Dueren and Dorsten. About a thousand striking workers in Düsseldorf reportedly request work and receive it.
MENTIONED IN THIS ARTICLE
London
Bebo Cin
Crroan
Rhineland Commission
Cernan
Weaius
Toieterhausen
Terboest
Gippo Ne Dorsten
Buesseldorf
Oklahoma man kills wife then himself amid family troubles
An Oklahoma man killed his wife by hammer and throat slash then took his own life. Authorities cited severe family and financial pressures as the probable motive. Five children survive the tragedy.
MENTIONED IN THIS ARTICLE
Associated Press
Oklahoma City
Dyver
Ager
Tath
Western Union Bonds Award Details Reported
Associated press dispatch from New York notes Western Union Telegraph Company paid a total bonus of about 400,000 dollars to employees for July 1922. The award equaled 47 percent of each staff member's salary, with messenger boys receiving a flat 17.50 dollar cash bonus.
MENTIONED IN THIS ARTICLE
Associated “Praay
New York
Western Union ‘Telegraph Company
SOF
Messenger Boys
Wool Use Increasing In Prewar Conditions Reports
Associated Press reports from Boston state wool consumption and stocks on hand reflect prewar conditions. The National Association of Wool Manufacturers heard a briefing from its secretary outlining trends and the tariff as the main issue under discussion.
MENTIONED IN THIS ARTICLE
Associated Prega
Boston
National ‘Association of Wool Manufacturers
Bysits
Georgia Supreme Court rules against Klan property receiver
In Atlanta Feb 20 the Georgia Supreme Court held that evidence in the case of Harry B. Terrell and others against the Ku Klux Klan alleging bond misuse by B L Clarke does not authorize appointing a receiver for the organization property.
MENTIONED IN THIS ARTICLE
Associated Press
Atlanta
Harry BL. Terrell
Ku Klux. Klan
B. L. Clarke
Imperial Giant
Imperial Wizard
Georgia Supreme Court
Chamberlain’s Cough Remedy Promotes Nature’s Aid
An old medical note extols Chamberlain’s Cough as a remedy that supports nature. It asserts medicines that assist nature are most effective, claiming the remedy works through the lungs and chest to ease coughing.
MENTIONED IN THIS ARTICLE
Chamberlain
Moren o Pioneer Resident Dies in Laredo at 63
Mrs Nidia B Vda de Moreno a longtime Laredo resident and pioneer family member died at 301 Matamoros Street at 7 30 PM Relatives survive Funeral held this afternoon at 4 30 from San Agustin Church with burial in the Catholic Cemetery
MENTIONED IN THIS ARTICLE
Nidia B. Vda. de Moreno
Laredo
Matamoros Street
San Agustin Church
Press League Meeting Set for Dallas
Corsicana Texas Feb 24 The executive committee of the Texas Daily Press League meets in Dallas February 28, announced by president Lowry Martin.
MENTIONED IN THIS ARTICLE
Associated Press
Corsicana
Texas
Texas Daily Press League
Dallas
Lowry Martin
Notice of Angam Chapter Regular Meeting
Angam Chapter No 86 O B 8 announces its regular meeting scheduled in the fall at a stated clock time.
MENTIONED IN THIS ARTICLE
Angam
O. B
Weather forecast for New Orleans area
The United States Weather Bureau forecast from The Times predicts tonight and Tuesday partly cloudy conditions with little temperature change.
MENTIONED IN THIS ARTICLE
United States Weather Bureau
New Orleanga
Times
the Telephone Co
Fort Mcintosh Weather Observations At 7 AM
Fort Mcintosh reports 7 am observations with temperature 68 degrees and wind from the north.
MENTIONED IN THIS ARTICLE
Fort Mcintosh
A 'Oh
Tigert roasts Texas system for training teachers
AAP dispatch outlines criticism of Texas education plans as lawmakers debate reforms. The piece notes a petition from penitentiary inmates and actions by committees on pensions and civil service while addressing broader objections to state textbook and training policies.
MENTIONED IN THIS ARTICLE
Associated Press
Austin
Heb
Senate
Tabldasdl
Hope
Clark
Iisert
United States
Combien
Eto
Pexas
Hove Porreneid
Anidher
Aidan
Emen
Cate
SHS
Cole
Cutdinesville
Pexus Boatibers' Association Seeks Higher Standards
A distorted report notes efforts to raise standards within the Pexus Boatibers Association. Leaders push for improved discipline and quality ahead of the annual convention and public events in Ore hatihoe dap.
MENTIONED IN THIS ARTICLE
Pelta
Riodoefloari
Pexus
Local Engineer Slain With Own Gun in Unclear Incident
In a baffling case the engineer was found dead after an apparent self inflicted gunshot. Officials report the weapon may have been fired by the victim using his own shotgun as evidence. investigation continues with questions about whether a third party was involved.
MENTIONED IN THIS ARTICLE
Karle
Diamonds Stolen From Mrs Hiatt Bedroom Overnight
A theft report states diamonds were taken from Mrs J Sterling Hiatt's bedroom while she slept. She noticed the jewelry missing when she awoke. No suspects are named in the fragment.
MENTIONED IN THIS ARTICLE
J. Sterling Hiatt
Joy Pines
Conviction of Mrs Lazroc Voided Over Indictment Error
Shreveport February 20 The district court voided the manslaughter conviction of Mrs Alva Lazroc after defense argued the indictment lacked the word feloniously The defendant was arrested again and trial scheduled for March 6
MENTIONED IN THIS ARTICLE
Hve Associated Press
Shreveport
Alva Lazroc
Paul LeBlanc
District Court
Resumed Filibuster In Senate As Debates Continue
The LIN filibuster returned in the senate with nearly a dozen opponents ready to speak. Senator Sheppard of Texas opened by reading the digest of actions by the league of nations. The House approved a bill boosting maximum land bank loans to farmers from 10 000 to 16 000.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
Senate
Sheppard
Texas
League of Nations
House
Tarmera
Saved Out of Jail
A brief from Waco Texas reports a person released from jail after being held. No further details are provided in the readable text.
Also Mentioned on This Page
Drew Pruitt
The
Carporstsas
Joint Stock
Inccome
Fibsey
Chambers of ‘Commerce
Boards of Trade
Public Service Corporation
Commissioner of Internal Revenue
Congress
Dorothy Phillips
First National Pictures
Norma Talmadge
Paris
Palnadge
Theas
Rte
Rothegine MacDonald
Sowente
Ferimat
Voyager
Howiver
Tove
Taith Clifford
Wilk
Helen Kyngh
Mrs. A. Burikas
San Antonio
Clifton Hill
Webb
Ernest Place
J. Seaman Wea O
Robert Wilshy
Mexicea City
Reiafryer
Srrene
Fouston
Fan Uise
Kansas City
Apo
Hot Geriost
Reo Ho
Orsi
Dauagher
Orelas
J.bh Wharton
Mr. Offs Oller
Ft. Smith
Arkansas
aSd
Emilie Hassell
Denton
Mary Lois Davis
H. C. Hall
Beverly Hall
Presbyterian Church
Urbahn School
Peddy
Earle B. Mayfield
Mayfield
Harding
Terstate Agree
Culberson
Ruhr
UK Associated Press
Standard
Endiain Tadiig
Phaums Oo
Gialar Ci
Standard Company
Western Union Bonds
Weather Forecast
Tigert Roasts
Texas System
Preang
Associated Presa
Waco, Texas
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