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Newspaper
Preston Citizen
Location
Preston, Idaho, United States of America
Date
Mar 24, 1955
Page
3
A quirky sequence describes Granddad wearing spectacles to bed due to dreams and a girl who swallowed bullets causing hair loss. An old lady breaks a leg and, after a cast, struggles with stairs. She jokes about climbing the drainpipe and a student is asked a puzzling exam question about the word.
A minister prays for Anna Bell at a parishioner’s request. Days later the member declines a repeat, replying she won last. The note on accuracy includes wordplay about spelling and vision. A bittersweet list of phrases follows.
An array of quips and jokes fills a small town humor page. Lines range from witty misstatements about gas prices and paydays to old timey banter about hurricanes and buses. The piece leans into lighthearted dialogue and everyday contrasts for comic effect.
A woman and her friend paused at a market scale to weigh themselves. The incident occurred during a routine stop and the scale reading became a brief point of curiosity for onlookers.
A group visits a hunter displaying trophies and recounts humorous exchanges about a chart predicting tall height and a pajama shot elephant remark. The banter highlights playful surprises as a young woman questions how an animal could end up in such a context.
The first 50 dollars of dividends are not taxable on individual returns and the first 100 dollars on joint returns. Exclusion applies only to dividends from domestic corporations and is reported on Schedule 1 page four. It excludes life and mutual insurance, China trade, and tax exempt firms but not mutual savings banks or domestic savings institutions. Dividends from Biese organizations on deposits are interest. Regulated investment company payments count as dividends only if designated.
Explains how dividends from foreign and joint returns are treated with a $50 exclusion per spouse and a 4 percent credit on excess after July 31 1954. Details when to file estimated tax for 1955, including income thresholds for different filing statuses and family exemptions. Applies to married filers with one child example.
The text explains exemptions and thresholds for declaring estimated tax, noting a $2,200 income trigger and $100 non wage income, and that declarations may be joint or separate. It covers form 1040ES, filing at local IRS offices, due dates April 15 June 15 September 15 and January 15, 1956, with options to amend estimates on any due date.
In 1955 you must determine if you have sufficient income to require an estimate. If so you file on the due dates and pay the tax in installments across the remaining due dates.
The Winder Relief Society held its yearly March party on Tuesday afternoon with 28 members present. A turkey dinner was served at 1 30. Tables featured colored flowers as the group spent the afternoon quilting and socializing.
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