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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Thomson Review
Location
Thomson, Illinois, United States of America
Date
Apr 15, 1948
Page
7
A reader asks about the new tax law passed over the President’s veto. The tax rate falls back to January 1, and employers won’t start withholding the lower amount until May 1. The answer explains that overwithholding before May 1 isn’t corrected by the employer. the lower rate applies from May 1 to year end.
The guidance explains final 1948 returns and 1949 income splitting for couples within new laws. Boss withholding remains unless you belong to the two groups blind or over 65, with a personal exemption raised to $600 from $500 for all taxpayers.
The article explains exemptions for taxpayers, spouses, and dependents, including blind and age related extras. It notes $600 base exemptions, $600 for each dependent, and additional $600 or $400 for spouses based on age, with totals up to $1,800 for such cases. It also covers estimated tax returns filed by March 15 and the schedule of four follow up payments with revised estimates.
The Marshall Plan will provide 60 million dozen eggs for Europe in the next fifteen months. Shell eggs are shipped to the U S Army and buyers in Belgium and Switzerland, and some eggs are already shipped overseas. Egg demand is expected to stay strong next summer and fall as domestic supply tightens with a smaller poultry crop and fewer hens. Farmers are urged to start chicks in May to boost future production.
Venezuela covers an area about 16 000 square miles larger than Texas and Oklahoma combined and roughly 20 000 square miles greater than the combined areas of France and Italy.
The home of George Washington at Mount Vernon was insulated with mineral wool as a fire protection measure more than 20 years ago upon recommendation of the National Bureau of Standards.
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