Page 6 - The Perquimans County
Washington Report
By Walter
Siiiiiuurattunuiwimiiiiii
WASHINGTON The Pres.
ldent has signed the Tax
Congresi approved on December
22nd. The Act provides for about
99.1 billion in tax cuts which will
be offset by about $8.6 billion in
new revenues when its reforms
are fully operational in 1979,
according to some budget
authorities.
The anticipated long-term
shortfall in Federal revenues is
not expected to take effect until
1972. The Act's immediate im
pact will be to produce about $1.9
billion more in revenues in fiscal
1970 due to the fact that the
measure terminates the in
vestment credit which permits a
business to deduct 7 per cent of
the cost of new machinery or
equipment from income taxes
otherwise owed and continues the
surtax on incomes until June
30th. The revenue surplus, ac
cording to fiscal experts, is ex
pected to begin a decline in 1971
until it produces a net revenue
loss of $2 to $3 billion annually in
the mid-1970's. Thus a balanced
budget then would call for some
curtailment in governmental
spending.
Major beneficiaries under the
Act are. low-income taxpayers,
those with five or more personal
exemptions, and Social Security
recipients. The prsonal exemp
tion will rise from the present
$600 to $750 in four tax years. The
first step occurs on July 1st when
it rises to $650. Thus for full
calendar 1970 the exemption will
be $625. In 1971 it will be $650, in
1972 in will be $700, and in 1973 it
will reach $750.
The Act also provides for an
increase in the standard
deduction which individuals may
use in lieu of itemizing con
tributions, interest expense,
taxes, and miscellaneous tax
allowable expenses. The old law
authorized a 10 per cent of ad
justed gross income standard
deduction with $1,000 as the
ceiling. Under the new tax
provisions, the standard
deduction will increase to 13 per
cent with a ceiling of $1,500 for
calendar 1971, to 14 per cent with
a ceiling of $2,000 for calendar
1972, and to 15 per cent with the
same $2,000 ceiling for 1973 and
thereafter.
Another major change in the
Act is designed to reduce and in
some cases eliminate Federal
income taxes for low-income
taxpayers. In lieu of the old law's
minimum standard deduction of
$200 for the first exemption and
$100 for each additional exemp
tion with a maximum total of
$1000, the new Act provides a flat
low-income allowance of $1,100
for calendar 1970, $1,050 for
calendar 1971, and $1,000 for
calendar 1972 and thereafter.
This provision has the long-term
effect of making a family's first
$1,000 of income tax-free before
personal exemptions are added.
Single persons will benefit
under the Act beginning in 1971.
Such taxpayers will be taxed
TAYLOR
THEATRE
Edenton, N. C.
WED. THTJRS. FRI
ft SAT.
JAN. 7-8-9-10
JohnWfeyne
Rock Hudson
"the
Undefeated
First Floor SOe-$1.00-$1.2S
Bakxmy SSo-78c
SUN. HON. TUBS,
JAN. 11-1Z-1S
Tin
most
cataclysmic
event in Man's
history!
i ,V" I I
'32
Weekly, Hertford, N.C., Thursday,
UJI
Jones miiiiiiiiiiiiiinilllililliiiiiii
under new schedules whicn
assure that their tax is not more
than 20 per cent higher than that
mid on a lolnt return for the
same taxable income. Moreover,
bead-of-household rates will oe
halfway between the new single
and joint-return rates.
Social Security beneficiaries
will receive a 15 per cent across-
the-board increase In payments
effective' January 1st unaer me
Act. Due to the fact that some 25
million persons are covered by
this increase, the recipients will
not get their larger benefits until
about April 3rd when checks will
cover the March payment and the
increase for January and
February.
Next week I shall continue my
review of the Tax Reform Act
with comments upon its tax
reform provisions.
KEEP IT CLEAN
DEAR MRS. WHITE: My
daughter works at the corner
soda shop. Her uniforms are
consistently stained by the soft
drinks. POP
DEAR POP: Fresh stains
usually can be removed by
sponging the fabric with equal
parts household alcohol and
water. Launder garments in
water as hot as fabric will al
low with Va cup Super Cleaner
and ' cup low-sudsing deter
gent. DEAR MRS. WHITE: Could
you please tell me how to re
move tar from a white wash
able dress? MRS. J.K.
DEAR MRS. J.K.: Stains
caused by tar
are not easily
removed. First,
scraoe off as.
much of the sub
stance as dos-
sible, apply lard
or white vase-
linn ,n (ha stain
workine into the material care
fully. Allow to stand for 30
minutes, then presoak in 3 to
4 gallons of very hot water, add
', cup detergent, V4 c"P Super
Cleaner for V4 hour. Launder
and rinse. If slight stain re
mains, apply god dry cleaner
and launder as above.
January 8, 1970
GAHU&N T1MH
By M. E. Gardner
Dept. of Horticultural Science
N. C. State University
Help make North Carolina
beautiful In 1970. This cannot
be accomplished by garden
clubs alone, or municipal gov
ernments, alone, or the state
government, alone. It can be
accomplished by" the individual
efforts of all the citizens.
Many times the charaoter
of a family can be judged by the
appearance of the home. Vis
itors can likewise judge a town
or city by the appearance of
the homes. A well landscaped
industrial plant, factory,
warehouse or place of busi
ness denotes officers and em
ployees as congenial and effi
cient as their pleasant sur
roundings. With pleasant sur
roundings you find too, good
neighbors, substantial cit
izens and community pride.
Real estate dealers tell us
that they can get at least 10
to 15 percent more for a home
If it is well landscaped. The
plants become more attractive
as they grow and provide shade
and color, or whatever they
were selected to accomplish
in the landscape scheme. If
the neighbors match your ef
forts, the whole neighborhood
will become a desirable place
to live, and your home or
business become a good In
vestment should you wish to
sell.
Colorful flower borders,
edging plants along walks and
drives, well selected foun
dation plants and trees for
framing your home all add up
to enjoyment and pleasure for
everyone in the community.
North Carolina is one of
the most garden-minded
states in the nation. With
more individual enthusiasm
and responsibility, it could
also be the most beautiful.
You may be surprised to
learn that the avocation or
hobby of gardening, amounts
to a whopping 4 billion dollars
annually In the United States.
I think the reason for this
stems from the fact that it
Is something in which the
entire family can participate.
17 YOU'VE KZVECl GAVED A Dlf.lE,
it'g r:oT ira c::d c? Tin vjchld.
But did you ever stop to think about
how much you're missing because you
don't save money. For one thing, if you
don't save money at a bank (for instance
Peoples Bank), you're missing bank in
terest. Bank interest that's figured on a
daily basis' and compounded quarterly.
Bank interest that lets your money
work for you . . . making more money
' for you. . .... -
But if you're one of those few indi
viduals who doesn't believe in saving
money, far be it from us to forecast
gloom, doom and the end of the world.
But we will say this. Anyone who does
start saving money in a Peoples Bank
Savings Account is on the threshold of
a whole new world. Don't believe us?
Try" Peoples Bank
i MKMBKR F. D. I. C.
This Is The Law
Is s court order for the sup
port and maintenance of a vile
terminated if she subsequently
obtains an absolute divorce?
Not unless she initiates and ob
tains aa absolute divorce on the
ground of one year separation.
If it is her husband Mho has
Initiated and obtained an absolute
divorce on the ground that they
have lived separate and apart for
one year, then such decree will
not impair or destroy her right
to alimony or other rights
provided In an earlier decree.
Therefore, the prudent vife will
let the husband be the plaintiff
when an action for divorce is
instituted on this popular ground.
A divorce obtained, with per
sonal service on the defendant
spouse, upon the ground of
adultery vill terminate a de
pendent spouse's award of
alimony,
What is the effect of
What is the effect of remar
riage upon a dependent spouse
who is receiving money under an
alimony award?
In North Carolina, by statute,
the periodic payments will auto
matically terminae.
To hold that a wife is entitled
to be supported by two husbands
violates one's sense of justice.
A man can think of few things
more unfair than be compelled to
contribute to the support of
another man's wife - possibly a
successful rival.
May a wife continue to receive
monthly payments under a
separation agreement is she
subsequently becomes divorced
and remarries?
This depends upon the agree
ment, that is, the intention of the
parties, as expressed therein.
No question of construction
ordinarily arises where the
separation agreement, by its
terms, unequivocally provides
that the husband's obligation
shall, or shall not, terminate
upon the wife's remarriage.
A valid property settlement
entered into between the parties
will generally not be disturbed
because of the remarriage of the
wife.
What is the r u le for
determining the amount of an
alimony award?
There Is no fast and fixed
rule.
The North Carolina statute
provides i
"Alimony shall be in such
amount as the circumstances
render necessary, havlngdue re
gard to the. estates, earnings,
earning capacity, condition, ac
customed standard of living of
the parties, and other facts of the
particular case."
North Carolina
Is Put To Test
North Carolina taxpayers have
been selected to participate in an
experimental method of placing
address labels on the new
combined form 1040 tax returns.
Every other state will have the
labels already affixed to the
address portion of the returns.
North Carolinians will receive
their 1040 tax booklets with the
labels adhered to the bottom of
the front page of the tax form
booklet. They will be requested to
remove the two "piggy-back"
labels and place one on the ad
dress section of the original
return and the other to the copy
kept by the taxpayer for his
records.
J. E,. Wall, District Director for
IRS says that the experiment
being tried here will result in a
sizeable saving in printing costs
of returns. If successful, the
system will be used throughout
the country next year, which will
result in sizeable savings in
printing costs of the returns.
Wall says that this plan offers
North Carolina taxpayers an
opportunity to save money for the
government. He urges all tax
payers to carefully remove the
labels from the bottom of the
front of their tax form booklet
and place them on the address
sections of their 1040 tax forms.
25 Million To Receive 15
Percent Benefit Increase
Social security beneficiaries
need not apply for the IS per cent
benefit increase just signed into
law by President Nixon. "Every
one of the 25 million men, women
and children now on the benefit
rolls will receive the increase
automatically," Robert M. Ball,
Commissioner of Social Security,
said today:
"The first regular check in the
new amount," Commissioner
BaU said, "will arrive April 3, the
usual day for delivery of benefit
checks covering payments for the
months of March." A separate
check in the amount of the benefit
increase for the months of
January and February will reach
beneficiaries later in April,
probably during the week of April
20.
Refiguring the benefit amounts
of the 25 million men, women and
children now on the benefit rolls
is a tremendous task, Com
missioner Ball pointed out, and it
must be done without disrupting
the regular benefit payment
cycle.
About one out of every eight
Americans is now receiving a
social security check each month,
Commissioner Ball said. As of the
end of December, these monthly
payments totaled $2.2 billion and
the monthly total will go up by
$345 million to more than $2.5
billion as the 15 per cent benefit
increase becomes effective.
The average retirement benefit
of $100 a month will rise to $116
per month; a couple 65 or older
receiving the average couple's
benefit of $170, will have their
.benefit, Lncreased, to $196 the
Beginning January 1 st, all Tax Listen of Perquimans County,
North Carolina, will git at the following place and on the dates
mentioned below for the purpose of listing your PROPERTY
TAXES for the year 1970.
List In January And Save The Penalty ...
BELVIDERE TOWNSHIP
MRS. ESTES O. COPELAND, Ut Taker
Jan. 5, 12, 19 and 26 Layden's Supermarket, Belyidere
Jan. 7 and 21 ....... R. ML Baker's Store, Whrteston
Jan. 14 ... Wink Winslow Store, Whiteston
Jan. 15 and 22 ............... O. Alphoraso Chappell Stare
Hours 9:00 A.M. to 5:00 P- M.
Jan. 8, 10, 17, 24, 27, 28, 29, 30 and 31 .... ..... List will be taken at Home
Hours 9:00 A.M. to 5:00 P.M.
BETHEL TOWNSHIP
T. JULIAN LONG, LUt Taker
Jan. 3, 10, 24 and 31 ;;.,;,'.,;,', ;,v' ; ,' Fire Station, Bethel
Jan. 17 :,.: ..,;,.;,;,;, ,; ........ ......... Court House, Hertford, N. C
Hours 8:30 A.M. to 5:00 P.M.
Jaa 21 At Night-', , ' , 'i ' Zack Phillips Store
Jan. 27, 28, 29 and 30 At Night ... Bethel Fire Station,' Bethel
Hours 6:30 P.M. to 9:00 P.M.
HERTFORD TOWNSHIP
PERCY ROGERSON, list Taker
Jan. 2, 3, 8, 9, 10, 15, 16, 17, 22-23-24-26-27-28-29-30 and 31
Court House, Hertford, N. C. Hours 8:00 A.M. to 5:00 P.M.
NEW HOPE TOWNSHIP
MELVIN El'KE, ..( Taker
Jan. 3, 10, 17, 24 and 31 .... ... E. A. Turner Store, New Hope
Hours 8:00 A. M. to 6:00 P. M.
Jan. 28 ..... . . ..... . ...... E. A. Turner Store, New Hope
Hours 5:00 P. M. to 9:00 P. M.
Jan. 13 and 20 ....,:............:..............M................ R. W. Turner Store
Hours 8:00 A. M. to 6:00 P. M.
Jan. 27 ....... .......... .......,......... R. W. Turner Store
Hours 5:00 P. M. to 9:00 P. M.
Jan. 22 . P. P. Perry Store, Woodville
Hours 10:00 A. M. to 5:00 P. M.
Jan. 29 p. p. Perry Store, Woodville
Hours 1:00 P. M. to 8:00 P. M.
PARKVILLE TOWNSHIP
MRS. FLOYD LONG, List Taker , , ,
Jan. 3, 10, 15, 17, 20, 22, 27, 30 and 31 . Winfall Community Bldg.
Winfall, N. C. Hours 9:00 A. M. to 5:00 P. M.
Jan. 13 and 24 Towe-Pike Store, Chapanoke
Hours 9:00 A. M. to 5:00 P. M.
NO TAX LISTINGS WILL BE TAKEN AT HOME
Sec. 901 (G.S. 105-307) Duty to list; Penalty for failure: It shall be the
duty of every person, firm, or corporation, in whose name any property
or poll is to be listed under the terms of this sub-chapter, to list said
property or poll with the proper list taker, or supervisor, within the time
allowed by law, on a list setting forth the information required by this
sub-chapter. In addition to all other penalties prescribed by law, any per
Don, firm or corporation whose duty it shall be to list any poll or prop
erty, real or personal who willfully fails or refuses to list the same with
in the time allowed by law, or who removes or conceals property for the
purpose of evading taxation, shall be guilty of a misdemeanor punishable
by a fine not to exceed fifty dollars ($50.00) or imprisonment not to ex
ceed thirty days; and any person, firm or corporation aiding or abetting
the removal or concealment of property for the purpose of evading tax
: ation shall be guilty of a misdemeanor punishable by a fine not to exceed
fifty dollars ($50.00) or imprisonment not to exceed thirty day. The
failure to list shall be prima facie evidence that such failure was willful.
11957, c 848).
JULIAN C. POWELL
plqui'ians TOinNTY tax yrryr0!i
average benefit for a family
made up of a disabled worker,
wife and one or more children
will go up from $237 to $273; and
average payments for a widow
and two or more children will rise
from $254 to $292.
BRANDT TO VISIT
The White House has an
nounced that Chancellor Willy
Brandt of West Germany had ac
cepted an invitation from Presi
dent Nixon to visit Washington
next year. No date has been
announced.
PICKLED
SOP
Every Friday Night Oct. thru May
GENEROUS SERVING FOR $1.25 ' J
Take-Out Plates 3 Herring, Slaw, Hush Pupples,A
... We Use Local Herrings. '
DICK'S DRIVE-IN
PURE OIL SERVICE STATION
Snack Bar and Fishing Facilities
NDTGE
i
On NiKti Spirts Qiii
, k llu 1... T...
4. mivwvu iw iH,vrvmc
game? ' i f
2. Who won the rVAlMs-Fa
cons game? 7
3. What two pro football teams
won only one game In 1969?
4. Who is the WBA heavyweight
boxing champion? . ..
5. Who is Mando Ramos? : '.-
Tit Aiswtrs
1. Kansas City, 13-6.
2. Atlanta, 10-3.
3. Pittsburgh Steeltrs and
Chicago Bears.
4. July Ellis.
5. Lightweight boxing champion
, ftom Panama.
HERDING
PEItS
.-, MwnyiinuasiwcDMiKSiK w
Reenter Admission
OOMLNU 4 Art. 14-10
'ONCE UPON A TIME