Newspapers / The Beaufort News (Beaufort, … / March 12, 1942, edition 1 / Page 2
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4 I I 11 ini dren with Mn Mrs. at W lis. M spen Keul M son Nor and V il and J Mr; spe am i we of M Be la Tar b B tJ a d 1 I 7 Billion Income Tax Due March 16th. For 22,000,000 Americans Expected Yield 100 Times Revenue From Original 1914 Levy By GEORGE T. WINSTON Research Division Tax Foundation (First of a Series of Articles On the Federal Income Tax) In 1911 a married man earniiu as much as $4,000 annually could view the federal income tax adopt ed the year before as an intonat ing phenomenon, secure in the knowledge that it didn't affect him. On March 15 of this year the married man who earned $4, 000 in 1941 will owe Uncle Sam about ?249. nearly three ..ml one half weeks' salary. The SlS-a-week typist will owe $21. ' Twenty-eight years ago when the first national income tax be came due only 367,5'JS Americans filed returns showing that they had taxable net incomes. This year 22,000,000 Americans will file re turns and make payments ranging from a few dollars to hundreds of thousands. In 1914 individuals paid a total of $28,253,535 and corporations paid $43,127,740. On March 16, 1942 a golden stream estimated by research experts of the Tax Foun dation at $7,147,000,000 will pour into the federal treasury more than 100 times as much as the 1914 collections. Ti e story of the income tax and how it grew is the story of Ameri ca (1 i.-ing the last quarter century. A graph of income tax collections char's the periods of national crisis, of national prosperity, of peace and of war as accurately as bomber pilot charts his course, i The graph for this year will show the nation in its greatest peril since Valley Forge. The same graph will support the contention of tax experts and economists that a tax once levied is rarely abandoned particularly vhen it brings in revenue as ef ective as does the income tax. .Vhile the three other major ources of federal revenue cus oms, alcohol and tobacco show a airly level return, increasing only radually each year, the income ax shot to a spectacular first place Imost from its inception, witr eaks and valleys as prosperity axed or waned, but constantly : ringing in more money than the hree older taxes put together. Great figures of American pol tics fought for and against the ax. William Jennings Bryan lift ed his golden voice in its cause; Jordell Hull, now our distinguish ed secretary of state, then an ob- Game Fish Have Departed From Coast for Duration i NORFOLK, Va. Game fish off the Atlantic coast have mostly dis appeared and won't be back until .he war ends, according to an in ternationally known salt water fisherman, Bryaii Travis of Cape .lharles. Va. i ra is, no mmis uwmi records from Maine to Florida, is now chief boatswain's mate in the Coast Guard. -Torpedo and shell-fire explo sions have run the fish away," he aid in an interview. "As a mat- . - i? e..r.i .V..,.. Inff enmp fif ter oi iai "-"v " - . j ,hern before it ever started in i heir particular area. Ihey knew t was coming. They were warned by their fleeing bro'hu-s who had already been under fire." Travis r-ivd hat th'.re is nothing smarter t' m the game fish. "Shou . y one ever call you a 'poor fish,' Uke a low bow because he has just extended you an ex traordinary compliment," Travis said. "He can sense danger, lo cate food and plot the future." Travis said that when the first torpedo exploded off the Atlantic coast it probably killed every liv ing thing in the sea within a quar ter of a mile area and a like dis tance in depth, and that within that area now no fish will go. "It may be years before another fish will enter that area," he said. "Those lucky enough to escape, on the outer rim of the area, notified all fish for hundreds of miles a round. They left their old haunts without further ado. Where there was good fishing last year, there won't, be any at all this year. Nor for several years to come.' Travis said game fish will not stay in waters which are unduly disturbed, no matter whether the disturbance comes from above or below the water. "A game fish can sense danger, pay a hurricane, hours ahead," he rv.'d, "and for protection will seek r.c iper water. He knows if he re gains in shallow water that he will he washed up on a bar, a mud bank or ashore. He knows that will be his end." Travis said that all alone the 1 f- -U 1 Jnn4-J k I ciuisi. gHiitt: usu nave uccii,cu mc old fishing grounds. Those that were not in the explosion areas were warned by those escaping scUrc congressman from Tennes see, gained early recognition as an expert on the tax. Richard Evelyn Ryrd. speakf of the House and fii'ther of the present senator and of the explorer-admiral, predicted diiely (and, seemingly, correctly) that if the tax were adapted "an my of federal inspector will de scend upon the state." Charles Evans H ughes, as governor of New York, favored an income tax but feared it gae the Federal Gov ernment undue powers over the states. Elihu Root, William E. Boron, the powerful Nelson Aid rich, Indiana's distinguished Bev 'eridge 'Old Bob" LaFollette and then-young Alben Barkley waged bitter combat to further or oppose the measure. It took four years for the neces sary number of states to ratify the Sixteenth Amendment which made the tax constitutional and an income tax law became effective March 1, 1913. It levied a one per cent tax on the net incomes of in dividuals plus an additional surtax ranging from one per cent on in comes between $20,000 and $50, 000 to six per cent on incomes of $500,000 and over. A personal exemption of $3,000 was allowed each taxpayer, plus $1,000 addi tional if married and living with husband or wife. In sharp contrast on September 20, 1941, President Roosevelt signed a revenue act that will bring in the greatest tax collections ever paid by the people of any nation in a single year. It reduced the exemptions of married citizens from $2,000 to $1,500 and of sin gle persons from $800 to $750. It levied a tax at the rate of four per cent on all net income, plus surtaxes beginning at six per cent on the first $2,000 of net income. The surtaxes increase proportion ately thereafter to reach 77 per cent on incomes above $5,000,000. Corporations with net incomes a bove $25,000 a year will pay a 21 per cent tax. while those under that figure wiil pay 15 per cent on the first $15,000, 17 per cent on the next $5,000 and 19 per cent on the remainder. Corporate in- comes up to y.uuu uie u"Jc-1' to a six per cent surtax and seven j per cent above that amount. Ail corporations are also subject to an excess profits levy ranging from 35 to CO per cent. The income tax was no longer an instrument for putting the cost of government on the "upper brack ets." Jap Roundup Many Japanese have been taken Into custody In FBI and police roundups In San Francisco during recent weeks. This photo shows an official of the Japanese association, Shojiro Horl, being led to car by Police Officer Bert Nelson. those areas, and they have gone not less than 150 miles out. "And there," he said, "most of them will stay until the sea war fare is over. It may take years to get them back within 10 or 15 miles of the coast." Tin Deliveries of tin cans for home canning will not be affected by the recent curtailment order, since the Government hopes that an in crease in home preserving will re lieve pressure on commercial can ners. Industrial activity rose further in January and the first half of February, reflecting continued sharp advances in the output of military products. 1 41 v xs S V . r Triple Wreck Near tr - --fir h Jr I v j r:i-x ' - jS Shown here are two of three Pennsylvania Railroad company loco motives which were derailed in a spectacular wreck near the famous horseshoe curve at Altoona, Penn. Two coupled engines which were traveling down the mountain sideswiped an engine pulling a freight train in the same direction. All three engines were derailed, and the locomo tive which was pulling the freight rolled down the embankment. It is shown lying on its side at the left. Japanese Diive Wedge Dividing Allied Forces Invasion Of Java Cuts Americans and Aus tralians Off From British and Chinese By HUGO S. SIMS The Japanese success in Java is significant. The style of this bat tle may be a forerunner of the battle for Britain. The Axis have always had a testing ground be fore each great battle; Spain was the first big proving ground. The invasion of Java was not carried out by massing troops on beachheads, pitched battles, and a policy of seeking out the enemy. New Jap tactics are focused on widely dispursing troops in every ti-pp. house, and cross roau ovei j tne entire country. When invasion I forces were landed in Java mey sifted in small groups inland; they did not wait on reinforcements Of course, an infiltration attack can only be a success with air su periority. For without air super iority, small enemy groups could be spotted by observation planes. This should be remembered when we consider the fate of Australia. Japan Drives Wedge The Japanese invasion of Java is a wedge between Allied forces. Now, the Australians and Ameri cans me cut off from the British retreating in Burma toward India Whether the Australians will be able to weather the inevitable in filtration attack of the Japanese epends entirely upon the aircraft and tanks and guns that are sent J.l t.. h T; .,J CfoJn,. Tr halt the Japanese success we must have air superiority! If the Nipponese are allowed to devote their entire energy toward an invasion of the Commonwealth, the fate of Australia is sealed. The Japs have air supremacy, they have supremacy of the sea, and they have an army capable of tak ing over the Australian Continent. Even the fighting valor of the An zacs can't win against such odds. However, the Jap invasion of Australia will be different from any previous conquest, in that the Japanese will be fighting against a nation of educated and civilized white people, instead of a nation of tribal people. Burma Road Lost On the Burma front the British What Should You Save To Help? WASHINGTON, D. C The following table issued by the Treasury Department Is intended as a savings yardstick for the average income earner. It suggests how everyone of .the 48,000,000 And In One Number of One Save Year He Persona in Each Eaca Week ( Will Save I Income Group ; $0.25 $18.00 8,324,000 I .50 26.00 4.175,000 .75 89.00 6.470.000 1.25 65.00 10,747,000 2.00 104.00 7,774,000 4.00 208.00 B.794,000 $.00 ' 812.00 8,007,000 8.00 ' 416.00 2,231.000 10.00 820.00 1,304,000 12.00 8M.O0 1,489.000 20.00 1.040.00 1,059.000 $5.00 I.lBo.OO 88.000 T! Weekly Earnings Are i $5 to $10 III) to (IS $15 to $20 to (30 to 120 $30 $40 $10 to $30 to $80 to $50 $60 $7 $70 to $80 $80 to $100 $100 to $150 f 160 to $200 QVC $200 THE BEAUFORT NEWS BEAUFORT, Horseshoe Curve 5"s' -V continue on the defensive; the Burma road has been lost; and the natives of Burma and India refuse to take a part in the conflict. Al lied observers hope that the British government will make enough con cessions to the natives of India to persuade them to fight side by side with the soldiers of Great Britain. With the Burma Road cut, the Chinese are isolated trom the rest of the Allies. They are working frantically to build another life line this time through India. That the Chinese may be forced to quit appears improbable, Dut tne cutting of the Burma Road will undoubtedly lessen their effective ness. Ruuiant Retain the Offensive The Russians continue tc hold the offensive against the Nazis, on what is probably the main battle front. The Germans acknowledge the " bitterness" of the Russian attacks in the South. The Rus sians grabbed the initiative when have been hitting the Germans Tank 'Stickup' This unusual photo shows actual capture of an Axis tank by British forces in the Libyan desert. Note German member of tank crew clam bering out while he is "covered." ..X flf . u employed persons in the United States may partici pate in the war effort through the systematic purchase of Defense Savings Bonds. "The job ahead of us is far bigger than most of us realize," Secretary Morgenthau declared in making the table public '1 know that the American, people are ready, to do their part to win the war. One of the ways we can do much more is by intensifying our effort in the purchase of Defense Bonds." While persons without dependents may be able to set aside more than the suggested figures, persons with several dependents, or with other heavy family obligations, may be unable to save at the suggested rate, the Treasury Department pointed out. Tot! Annual Savings: $13,212,000 129.350,000 218,330,000 698,056.000 808,496,000 1,205,152,000 838,184.000 828,096.000 678,080,000 929.186,000 1.101,860,000 842.860.000 8.000.000.000 696.OO0 48,17,000 $1015411,000 Form No. D68-S8 N. C, Schooner Settling In Hatteras Sands MANTEO Submergins into the sandy bottom so rapidly that there is a likelihood the entire car go will be so buried as to prevent salvage, the four-masted schooner Anna R. Heidritter is being drawn down by quicksands just south of Hatteras Inlet and soon will be completely out of sight, as are hundreds of other ships which have gone down in the past years in those areas. The ship, loaded with cordwood and dyewood of a valuable variety, its total cargo running in thou sands of tons, was bound from Haiti to Chester. Pa. Sometime Monday night, March 2, the ship's crew found it necessary to put out three anchors in order to hold a gainst the heavy wind that was blowing. The heavily loaded vessel was too much to hold against the near gale that was blowing. Two of the anchor chains were parted, and the vessel came to her last resting place about six miles south of Hat--ttras Inlet Station. The eight men in the crew, in cluding Skipper Bennett Coleman of Miami Beach, Fla., clung to the rigging until daylight, when full rescue was made by Ocracoke and Hatteras Inlet Coast Guard crews. Her hulk is about 600 yards from the beach. daily all along the line. The question arises among some observers as to whether the Ger mans have had time to prepare for the all-out offensive that has been promised by the high command. Undoubtedly some of the reserves that were to be used in Spring of fensive have been used to repel the Russian attacks this winter. On the other hand, it appears that the Germans have been em phasizing the success of the Rus sians, the success of the peoples of occupied countries in resisting the Nazis, and all other reports that indicate that the strength of the Nazis is waning. German propa ganda if. trying to lull us to sleep; so that the German Army, or per haps the German Navy, will be aide to take full advantage of the eler.-ent of surprise. Shipping Lose Seticus Pernaps the most acute battle today is being fought on the oceans. Reports from England in dicate that conditions there are be coming critical. Food supplies are getting smaller, as Churchill an nounces that the Germans are tak ing a heavy toll of Allied shipping. On the Atlantic coast of the United States alone, Germany is sinking on the average of twenty ships a month. Germany claims to be sinking ships at approximately the same rate as the peak of last spring's sinkings but Japan was not in the war at that time. The future is grim. Too grim for us to send a large fighting force to Australia, when all of our strength may be needed to keep the British Isles from sinking, t keep Russia fighting. Our ships are limited and inadequate lo sup ply the many battlefronts with enough supplies for successful of fensive action. rOW when you get a new car of common sense to keep your present car fit. And we, as direct appointees of the Ford factory, are in a better position than anyone else to help you make the most of the years of use that were built into your car. As Authorized Ford dealers we LOFTIN MOTOR CO. CRAVEN STREET THE POOCETBOOK of KNOWLEDGE n& I V AeonpmonetooMS r cvrstpe -TfMPfRATUKt? CHAM6rS WILL NOT AFFECT ttSK PimbnSionS vMiieiweARe bbns mamufactukep H STEP B1ACXOUTS fcf ESTES IMA Z&MfA I IN MAHy PLANT?. V5V IfifmUK. A HP OF "MBB ,M33LjH-J UL -tut eye is Rxustp Ax aay Amvr TWO XTltw t at a eroeFr lamp 9 lUfiii ffvyj&X OUTWWB ft V j, rfc VI I v sXW k Sugar Sugar beet processors are pre pared to operate their factories to capacity this year in an effort to meet greatly increased govern ment requirements. Tomatoes All commercial British green houses producing crops for sale have been ordered to produce to matoes exclusively for at least six months of the year. i-rfl asAHETres, jT V;f camels i Y WW we say y:i j arebrst r v f: ( CAMIU. TMEYM J V 'WITH ME. TOO. gjl'A I Actual Sale j Records I tfjlfiWvaV and Sales Commissa- ff" MfBk mtJH J0$k 1 1 4VacSA rie ,how th hvoT 1 1 aM lilfl I fSBl 1 1 PWPTVT ,te cigarette with p jVQU ffi-iM U Camel I WHAT A DIFFERENCE 1 UT SERVICE MAKES may no longer . . . it's a matter We'll ghdly discuss SET plan of payment Thursday, March 12, 1942. Junior and Senior medical stu dents are elegible fr appointment as Ensign in the Volunteer! Pro bationary, Class H of the Naval Reserve. The Navy is giving the Shick test for diptheria susceptibility to 1,00 men in each of three Naval training Stations, Dr. Wilbur A. Sawyer, Director of Rockfeller Foundation, Inter national Health Division, is now an honorary consultant of the Navy Medical Department. THE CIGARETTE OF COSTLIER TOBACCOS NOW I ; j have mechanics who are trained in Ford factory methods of service. Our tools and equipment are ap proved by the factory. Through us, you will be able to get genuine Ford parts for your car. These are reasons why you can't beat Authorized Ford Service for Ford cars. Take no chances. a get the best! a BEAUFORT, N. C. I'm
The Beaufort News (Beaufort, N.C.)
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March 12, 1942, edition 1
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