Tax return strategy lowers federal tax burden
McCarran told Doughton that filing separate federal income tax returns often results in paying lower taxes, describing a strategy some taxpayers use to reduce liability.
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 27, 1941
Page
3
McCarran told Doughton that filing separate federal income tax returns often results in paying lower taxes, describing a strategy some taxpayers use to reduce liability.
Two Calhoun women, neighbors, are on trial in district court before Judge J T Shell for alleged mutual assault. The morning session saw twelve guilty pleas, two cases not pressed, and one continued. In related actions, Economy Oil officials faced fair trades charges with fines or jail.
Bonnie Graves was sentenced to 30 days in parish jail for passing a bad check. John Trasher received 20 days. Tim Bates Ira Gates and C Lightsey were fined 10 dollars plus costs or 30 days in jail for Vegas fishing. J J Hoover got the same sentence. Tugwell and Joe Duckery were sentenced to one to three years in the state penitentiary for larceny of a cow. Richard Henderson and Jim Rembert received jail or fine penalties for reckless driving and false statements respectively.
The Ouachita U S O campaign to raise funds for wholesome recreation for the military is expected to finish by Saturday to Monday at the latest, parish chairman Henry Bernstein Jr announced. Drives in Monroe West Monroe and other areas are in full swing with strong patriotism evident and donors urged to contribute.
The campaign is to be concluded by Monday at the latest with an immediate push. Officials or organizers referenced as pushing to finish the campaign today to meet the deadline.
L M Newman of Dallas traveling agent for the Railway Express agency visits Monroe reporting strong progress in the Monroe office and division. He notes April 1941 air express gross revenue up 41.81 percent from April 1940 and shipments totaling 108,697 an increase of 33 percent. The text also mentions Pompeii being lost for 1600 years after Vesuvius eruption.
The Indiana Supreme Court nullified four 1941 GOP laws aimed at sharing appointive power with Republican state officials, ruling creation of offices is legislative and appointment executive. The decision, reached by four Democratic justices to one Republican, ends the centralized government structure and quells the 12,000 state job control dispute.
Senator McCarran pledges opposition to a joint return requirement for husbands and wives. He cites nine community property states including Nevada Louisiana Arizona California Texas New Mexico Idaho and Washington where spouses share property and income. The letter to House Ways and Means chair notes such a provision clashes with local laws.
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