Newspapers / The Franklin Times (Louisburg, … / March 7, 1919, edition 1 / Page 7
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Cotton Seed 100 lb. Bags One Dollar $1.00 PER BAG $1.00 McKinne Bros. Co. Satisfaction Or Your Monay Back TO MY FRIENDS AND PATRONS t am ovarstoolinri with Fond narl Iltnivy Or such as Hay, Oats, Ship-stuff, and provisions of all kinds. I also have right mfyiv shoes I will sell at cost.' In fact I have most anything you want. Come to see jfie when in town and see what I have got. A trial is all I ask. * J. W. PERRY TO OUR PATRONS AND FRIENDS We extend our heartiest thanks and ap preciations for the liberal share of your patronage given us the past year, and hope to merit a continuance of the same by giv ing you the best work possible. : : / \ American Electric Shoe Shop -Rr-Crt; LANCASTER, Mgr. Main Street - Louisburg, N. C.^ THIS TELLS HOW TO FIGUREJNCOME TAX Squarely Up to Every Individual ? to Get Busy by March 15 or Suffer Penalty. "Don't wait until the final doe data, March 15th, for paying your In coma Tax slid making your return. Avoid the last minute rush. Any person can figure out his liability today aa wall i iicnne needs advice he &n now get In touch with a Revenue man." This word of advice Is beli^g tflvau* ont by Internal Revenue men. Re turns and payments are being col lected In No. Carolina by the following Collectors of Internal Revenue: JoHluh W. Bailey. Austin D. Watts. Every aid of their offices and field forces Is being glvpn freely to the public. But the Income Tax men will not puH?your door-bell or your coat-tails, according to the Collector's announce ment. It Is squnrely up to every Indi vidual to figure out his own case and to get busy If ho comes within the scope of the new Revenue law. Did You Earn This Much? Every unmarried person who receiv ed Income averaging $19.25 a week during K)18 and every married couple who Jointly received Income averaging $38.30 a week should secure at once fron^ the nearest Deputy Collector or' the nearest hank a blank Form 1040 A That form contains the Information he will need to enable him to figure his correct net Income and any tax that he owes the Government i The law requires that every nntnar rled person who had a net Income of $1,000 or over and every married per son whose net Income was $2,000 or over (Including the Income of husband or wife, and the earnings of minor children, If any) must make a return on or before March 15th. And this re quirement does not hinge on whether the person owes a tax. Taxable Income. An Individual must Include under gros^ income all gains, profits'and in come derived from Salaries, wages, or compensation for personal service of whatever kind and In whatever form paid, or from professions, vocations, business, stiles or dealings in property of all kinds. Interest, rent, dividends, or profits derived from any source whatever. Very few Items of income are exempt. Deductions Include ordinary and nec essary business expenscsajnterest paid or accrued on Indebtedness, taxes all kinds except Federal Income and excess profits tuxes and assessments for local benefits, losses actually sus tained, debts ascertained to be worth less, and depreciation on buildings, ma chinery, fixtures, etc., used la business. A further deduction Is allowed for con tributions to corporations operated for religious, charitable, scientific or edu cational purposes or for the prevention of cruelty to children or animals to an amount not exceeding 15 per cent df the taxpayer's net Income as computed without the benefit of the contribution deduction. The taxpayer Is not allowed to de duct any personal, living or family ex pense, any amount spent for Improving property, or any expense of restoring property or making good its exhaus tion for which an allowance la claimed under depreciation. ngnrin'c "thc^~Tm dividends are deducted as credits from net income, together with the personal exemption. As in previous years, divi dends of domestic corporations are ex empt from normai tax wken received by the stockholder. The normal tax rates for cttJEetta ^and residents are as follows: On the first-$4,000 of net Income In excess of the credits the rate Is 6 per cent; on any further taxable income the rate is 12 per cent. The surtax rates apply to net In come of each Individual in excess of $5,000. The personal exemption and tho dividends are not deductible before computing surtax. In the case of re turns by husband and wife, the net Income of each Is considered separate ly in computing any surtax that may be duo. Form 1040 should be used for making returns of net Income exceed ing $3 000, and the Instructions on that form will show how to figure the sur tax. Business House Returns. Employers and others who paid ?arii-'f? qninrjpft, ronts. Interest ot* sim ilar determinable guTns IB fln -atnouaL. of $l,t:00 or over during 1018 to any person must file an information return with the Government. Blanks may be secured from the Collector. Every partnership must file a return showing Its Income and deductions and the nnine and address of each partner, with Ills share of the profits or losses during the past year. Personal service corporations Will file similar informa tion for 1918. INCOME TAX PAYS FOFJ PUBLIC BENEFIT?. "Viewed In Its largest and truest sense, the payment of "taxes Is payment for benefits received or expected. Only from n nnrrow nnrt essentially selfish and shot tslgh ted viewpoint can the ladlvldual propose to him self the evasion of tox liability us a desirable course of action." ?>mM C. -Holier, Commlsslot er ot iiiteniiU Ilevenue. Tak? Calomel? v- ? Dr. Thacher's liver & Blood Synrp 'wfll do all that calomel will do ana without the "after effects." Tan ago, when people were bill on?, when the liver got Guy and failed to do Ua work or the rtomach was oat ol condition, calomel was the standby. By and by the user* of calomel found thaiShe "aftereffect?" of taking the drug were aa bad and more often worac than the aUmea^for^whlch it wai rf In aeeklng a medicine 'calomel?one that i and yet leave none < 1 Dr.Thacber'e Liver A This wai In 1862, and i baa added to the ooqfl J ho have used it. ? ?*tim Boil? Brewer, of Chattanooga, Term., tried calomel. She waa suffer in* with a very aerlona ooldand grippe ana had no appetite whatever. After the calomel failed aha tried Dr. Thach er'a liver A Blood Syrup. She felt better after taking three doses and she am very thankful I tried it." For naarly three quarters of a century thla sterling preparation haa been an "old stand-by" in thouaanda of homes In treating rheumatism, dyspepsia. In dorsation other stomach and liver complain ta. It la a powerful tonic and blood purifier and can be used with the utmost confidence. Write Thacher Medicine Co-, Chat? tanoopa.Tenn. for a copy of "Thacher's Family Doctor," a book giving cause, symptoms ana treatment of 47 com njon diseases. Dr. Thacher's Liver and Blood By nip for sale by dcalwa la median ea every FOB SALE BY SCOGGIN DRUG STORE Card of Thanks. We wish to thank our kind neigh bors for their kindness during the sickness and death of our darling ba by. Mr. and Mrs. J. S. Williams, R. No. 1, Maplevllle, N. C. The Quinine Thai Does Not Affect The Head1' Because of its tonic and laxative effect. LAXA TIVE BROMO QUININE (T.blets) can be taken by anyone without causing nervousness or rindina Id the head. E.W.GROVE'S signature oa bo*. 30c. FOR SALE. One sewing machine motor in good condition. Price $10.00. MRS. S B. NASH. 3-7-2t R. 3, Franki In ton, N. C. FOR SALE. A Milk cow, fresh to pall. E. H. BOBBITT, M. D.. 3-7-U R. 4, Loulsburg, N. C. ! 7 Ever Ready Storage Batteries in Stock for CHEVROLET, OVERLAND, BUICK AUTOMOBILES Bring your repair work to the best equipped Garage to do if. Batteries Re-charged. QARAQ &1,1 Service to Farmers low is the time for the farmer to plan this year's crop?this year's increased production? this year's prosperity. Whatever his plans may include?farm im provements, crop planting, live stock financing, etc.?our oicers will be glad to discuss matters and offer their best advice. A hearty welcome always awaits the farmer at this institution. / THE CITIZENS BANK HENDERSON, : ' : North Carolina "The Leading Bank in This Section." Resources $1,500,000. s?Na? L. KLINE & COMP'Y 3PEING LOUISBURQ, IV. C. CAPES Advance;. Spring Styles In Woni?Hs' and Misses' Apparel We are offering many Special Bargains for the Week. End Shoppers. They are as follows: Ladies Gray Kid Boots, Cloth Tops, French Heels .... $3.48 Ladies Havana Brown Kid Boots in both Military and French Heels, Special .. $5.98 Ladies Field Mouse Shoes, 9 inch Tops, High Heel .. $8.98 Ladies Black Viei Shoes, High Heels .... $3.48 Men's Dress Shoes, Tan and t-? Hlack $4.50 Shoes now $5.5? Shoes now $4.45 $(>.50 Shoes now $5.45 $7.50 Shoes now $6.45 $0.00 Shoes now $7.95 Biff Line of Children Shoes Ranging from? Sizes 2 to H ..Prices 69c-$1.95 Sizes 0 to 2 . . Prices$1.95-$2.45 Fashionable Spring Silks, Taffa tas, Satins and Foulards from 98c to $2.45 The cape is the newest ^wrap for Spring. For those who do not care for the cape, we have the cape coat and the coat suit. We have one of a kind, so come early and. take your m choice. -* L Kline & Company * - Louisburg, N. C. When Advertised or Seen Elsewhere Its Always Cheapest Here
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 7, 1919, edition 1
7
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