Tax rules force self employed to pay social security in 1951
Washington reports the new Social Security tax burden for self employed workers who join coverage in 1951. Millions must file Form 1040 and Schedule C to compute and pay Social Security tax plus any income tax. The article explains how the tax is calculated on net earnings, the $3600 cap, and notes certain workers still not covered by the changes.
MENTIONED IN THIS ARTICLE
Washington
Uine
Congress
Jones
Smith
Potatoes Grow Scarce After OPS Price Rollback
A Bellmont Shore market operator stocked canned potatoes as spuds ran low while River side rail cars lingered unsold awaiting price ceilings. Market managers reported limited white rose and russet supplies with mentions of a potential gray market and domestic shortages prompting talk of household shifts toward meat if prices stay tight.
MENTIONED IN THIS ARTICLE
Office of Price Stabilization
Prov Luce
Riverside
Belmont Shore
Tax definitions limit self employment earnings for professionals
The text outlines which professions are excluded from self employment tax calculations such as dentists veterinarians chiropractors and accountants. It also notes restrictions on including real estate dental and farming income and excludes interest and dividends from securities unless the person is a dealer.
Dinner Dance Slated by Canadian Legion in Wilton Hotel
Long Beach members of the Canadian Legion will meet in Wilton Hotel at 6 30 p m Saturday February 9 for a dinner and a dance in observance of the 71st anniversary of the unit's organization Honors guests include Harry Walker national commander Mrs Mattie Russell state president of the women's auxiliary and Chappy Chapman state commander
MENTIONED IN THIS ARTICLE
Canadian Legion
Long Beach
Wilton Hotel
Harry, Walker
Mattie Russell
Women's Auxiliary
Chappy” Chapman
Also Mentioned on This Page
James Marlow
Tongs
Neart
Harry J. Flynn
Aneurance Broker
Thomas
Thomas Offera
American Ave
Angelasy
Witshire Biya
Whliney
Army Brown
Army & Navy
Murphy
Qbispo Ave
Anaheim
New York
Hema
Hull
Deral
Goebel
Evelyn Johnson
Rane
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