9
THURSDAY. JANUARY 17. 1957
THE PILOT—Southern Pines. North Carolina
Page FIFTEEN
Magazine Profiles State
It-
A full-scale portrait of North
Carolina^, from the sands of the
Atlantic seaboard to the valleys
of the Smokies five hundred
miles away, is featured in the
February issue of Holiday. The
article, by Ovid Williams Pierce,
extends over thirteen pages of
the magazine and is illustrated
with sixteen photographs, many
in color.
Pierce contrasts the ragged
fringes along the remote eastern
coast, which only recently have
bom traffic from the outside
world, against the coastal plains
with their remnants of the “old
south.” He pictures the river
plantations, small towns, Negro
counties, and long stretches of
swamp, heat and pine. Yet, he
claims that the rich tobacco mar
kets in Greenville, Wilson,
Henderson and Rocky Mount
keep this area from being com
pletely buried in the past.
“The Piedmont,” he continues,
“is a proper complement to the
eastern half of the state. It is the
region of cities where all roads
lead to Raleigh, Durham, Char
lotte, Greensboro, Winston-
Salem, and Chapel Hill.”
The author devotes part of the
article to an analysis of the Uni
versities of Duke and North Car
olina. “Both of them,” he writes,
“are producing an enlightened
intellectual liberalism.” He de
picts Chapel Hill as the center
o fthe southern mind and Duke
University as one of the great
medical centers of the south.
Pierce reveals that from the
isolated, cloud wrapped Blue
Ridge mountains have come the
young into the mills and colleges
of the Piedmont. He describes
the rapidly vanishing tradition
cf hotel life as the older people
remember it; the great reservoir
of folk manufacturing, and the
well organized handicraft schools
of the region.
The author completes his jour
ney by way of Asheville and
ends at what he terms the state’s
last wall, the ancient and mys
terious Smokies.
-INCOME TAX FACTS No. I-
How to Save Tax Dollars
GEORGE W. TYNER
PAINTING & WALLPAPERING
205 Midland Road' SOUTHERN PINES. N. C.
Phone 2-5804
STARTS THURSDAY, 8:30 A.M.
/
Cost Has Be6n Forgotten
COME BUY AND SAVE
JONES DEPT. STORE
Carthage, N. C,
(This is one of a series of articles on federal income tax
filing. These articles are based on information provided by
the American Institute of Accountants, and the North Caro
lina Association of Certified Public Accountants in coopera
tion with the Internal Revenue Service.)
Between now and April 15 over sixty million Americans must file a
tax return to report their 1956 income to the federal government On
the basis of past experience about 1 out of every 4 returns filed will
contain an error'of |2.00 or more. Last year these errors totaled over
$100,000,000.
To help you prepare a correct re
turn and avoid mistakes that cost
you tax dollars, this newspaper is
printing a series of eight articles
prepared with the help of the na
tional and state organizations of
certified public accountants.
Today’s article deals with prob
lems faced by almost anyone who
has to make out a return. Later
articles will give special hints on
deductions you may take, particu
larly if you own a car. home or
business. Use this series along with
the official instruction book which
comes free with your tax forms.
Common Mistakes
According to the results of a
sampling by the Internal Revenue
Service, the mistakes most often
made by taxpayers fail into these
four groups:
(1) Incorrect listing of income.
This is the main source of error,
partly because of debatable ques
tions involving business income. In
dividuals make mistakes too by
leaving out such items as interest
on savings accounts, dividends and
contest winnings, or by including
items which are exempt.
(2) Errors in personal deduc
tions. This category includes the
deductions taken when the 10 per
cent “standard deduction” is not
used. Important deductions from in
come are: state and local taxes,
interest paid on loans, charitable
contributions, medical expenses,
losses from storm, fire, flood or
theft.
(3) Claiming too many or too few
dependents. Exemptions are allowed
for the taxpayer himself and for
certain persons he supports, if they
fit the definitions in the instruction
book. '
(4) ’Faulty arithmetic. This is the
cause of the fewest number of
errors, but approximately 30 per
cent of these arithmetical mistakes
are made by the taxpayer against
himself, resulting in approximately
$19,000,000 in overpayment of taxes.
The first thing to determine is
whether you should file a return or
not. Everyone whose gross Income
was $600 or more in 1956 must file
a return by April 15, 1957. Even If
your income was l^s than $600 you
should file a return if any tax was
withheld by your employer and.you
wish to receive a refund. In any
case, if you had as much as $400
earnings from self-employment you
must file a return to report those
earnings for social security pur
poses.
Non-Taxable Income
It is important to remember that
all income is not taxable. You
should not include in your return
any income which is listed in the
official Instruction book as exempt.
This includes interest on state and
municipal bonds, most government
payments to veterans and their
families, life insurance proceeds
upon death, gifts and social security
benefits. The tax instructions from
the Internal Revenue Service con
tain a list of the types of income
which should be included and those
which should be Omitted from your
return.
If You Changed Jobs
Here is a special point to watch
if you worked for more than one
employer during 1956. You may
have overpaid your social security
tax. Each employer is required to
withhold social security amounting
to 2 percent of the first $4200 of
your wages. If you worked for only
one employer, this would amount
to $84. However, if you worked for
several employers, more than $84
might have been withheld. Check
your W-2 withholding slips and see
whether the total P.I.C.A. (Federal
Insurance Contributions Act) is
more than $84. If it is, you can
claim credit for the excess in the
“taxes withheld” column of your
income tax form.
The instruction book which comes
with your tax forms gives further
information. Help is also available
by telephone or at offices of the
Internal Revenue Service. The Rev
enue Service urges you to consult
properly qualified advisor if you
decide to seek outside help.
Next Article: Seleoting the Cor
rect Form Saves Tax Dollars.
throughout the country to discuss
office and field management. This
year’s program features the theme
“There’s More Than One Way To
Do It” and places particular em
phasis on the recruiting, trainiiig
and supervision of field repre
sentatives.
SUBSCRIBE TO THE PILOT—
MOORE COUNTY'S LEADING
NEWS WEEKLY.
The BIG CHANGE iii TV
makes a .big difference in TV pleasure
Leaves, hay, straw, or sawdust
used as a mulch has proved suc
cessful in holding moisture and
keeping down weeds.
Shade trees, like Other plants,
need certain essential fertilizer
elements for good growth.
e YEARS OLD
Glenraote
KENTUCKY
BOURBON
STRAIGHT
86 PROOF
Hobbs Attending
Insurance Meeting
In State Capital
J. D. Hobbs, manager here for
the Occidental Life Insurance
Company of North Carolina, is at
tending the Company’s annual
managers meeting this week at
the Occidental home office in Ral
eigh.
The meeting brings together
Occidental managers from
If — .— I
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Brown Auto Supply
SOUTHERN PINES
ABERDEEN
GLENMORE DISTILLERIES COMPANY, LOUISVILLE, KENTUCKt
.V'— -Jf
Supervised and certified by the AAA.
iVeiy Task^ force 57 Chei/rolet Trucks
Six heavily loaded fchevy
trucks ran all the way up the
rugged Alcan Highway in less
than 45 hours! That’s cutting
more than a full day off the
normal running time! They ran
right around the clock, stop
ping only to refuel.
But the important facf about
this run was that it proved new
Chevy trucks through and
through. The Alcan Highway
is a supreme test of every truck
component. Engines had to
prove their power up high-
climbing grades and through
washouts. Frames and suspen
sions flexed their muscles over
axle-deep ruts arid miles of
poimding gravel. “And not a
single truck turned back or
dropped out due to mechanical
failure,” states the official ,NAA
report of the test. Every model
proved its over-all economy by
its ironclad ability to stay on ^
the job! Stop by; we’ll talk
about it.
Proved on the Alcan Highway
Champs of every weight class!
Choose your model from among Chevrolet's famous
, economy-proved Alcan Champs! Short-stroke V8’s are
standard in all heavyweight truck models and in many
of the middleweights. They’re loaded with modern
features and built to take it!
Only franchised Chevrolet dealers
Itchevrolet^
display this famous trademark
\
AUBREY JOHNSON CHEVROLET, Inc.
Poplar Streot
N. C. Dealer's License No. 2029
ABERDEEN, N. a