INCOME TAX RETURNS
YOUR INCOME
INSURE IT
DO IT NOW
A. McLAUCHLIN, Agent
VASS, N. C.
Insurance Life Insurance
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Store
With the approach of the period for
iiling income tax returns—January 1
to March 15, 1922—taxpayers are ad
vised to lose no time in the compila
tion of their accounts for. the year
1921. A new and important provision
of the Revenue A(?t of 1921 is that
every person whose gross Income for
1921 was $5,000 or over shall file a
return, regardless of the amount of
net income upon which the tax is as
sessed. Returns are required of every
single person whose net income was
$1,000 or over and every married per
son living with husband or wife whose
net income was $2,000 or over.
Widows and widowers and persons
separated or divorced from husband
or wife, are regarded as single per
sons.
Net income is gross income, less
certain deductions for business ex
penses, losses, taxes, etc. Gross in
come includes practically all income
received by the taxpayer during the
year; in the case of the wage earner,
salaries, wages, bonuses and commis
sions; in the case of professional men,
all amounts received for professional
services; in the cases of farmers all
profits from the sale of farm products,
and rental or sale of land.
In the making of an income tax
return for the year 1921, every tax
payer should present to himself the
following questions:
What were your profits from your
business, trade, profession or voca
tion ? •
Did you receive any interest on
bank deposits?
Have you any property from which
you receive rent?
Did you receive any income in the
form of dividend or interest from
stocks or bonds?
Did you receive any bonuses during
the year ?
Did you make any profit on the
sale of stocks, bonds, or other proper
ty, real or personal?
Did you act as a broker in any
transaction from which you received
commissions ?
Are you interested in any partner
ship or other firm from which you
received any income?
Have you any income from royal
ties or patents?
Have yon any minor children who
are working?
Do you appropriate, or have the
right to appropriate, the earnings of
such children ? If so, the amount
must be included in the return of in
come.
Has your wife any income from any
source whatsoever? If so it must be
included in yoHir return or reported
in a separate return of income.
Did you receive any director’s fees
or trustee’s fees in the course of the
year?
Did you hold any office in a benefit
society from which you receive in
come?
Answers to all ’ of these questions
are necessary to determine whether a
person has an income sufficiently large
to require that a return be filed, and
may be the means of avoiding the
heavy penalties imposed for failure
to do so within the time prescribed.
WINTER DRIVING
Watch the inexperienced motorist
next time he drives through a mud-
hole in the road, or gets stuck in mire
or snow. The first thing he does is
to order every one out of the car. But
the old-timer, on the other hand, in
vites a half-dozen bystanders to get
in the car. By weighting the car
down, by pressing the wheels in closer
contact with the road, he usually
manages to lift the car out, and goes
on his way. Those motorists around
Vass who know most about cars point
out that occasionally a car wheel may,
in spinning, dig a hole so deep that
the car is unable to climb the short
and steep incline. When this happens
their advice is to fill the hole with
stones, snow or other material, which
makes it possible to use a jack or a
fence rail. Tie the entire length of a
tire chain about the wheel, making a
big knot in one spot on the tire. This
himp will generally pull you out. Try
it before yelling for help the next
time you mire down.
Occasionally we run across a mer
chant who doesn’t seem to under
stand that the main thing about build
ing a business is treating people so
they’ll come back and buy the second
time.
Schedule of School Extension
The following is the schedule for
Division of School Extension from
Jantiary 2nd to 7th:
Monday, January 2, Cameron; Tues
day, 3rd, Vass; Wednesday, 4th, va
cant; Thursday, 5th, Eagle Springs;
Friday, 6th, Farm Life School; Satur
day, 7th, White Hill.
The picture is “The Knights of the
Square Table”—a Boy Scout picture.
FLORA McQUEEN, Director.
Not everybody’s prayers are an
swered. We know, because there
hasn’t been a drop in the price of
print paper for months.
HARRY R. IHRIE
Lawyer
CARTHAGE, N. C.
Southern Pines Office
Over S. & L. Grocery
Windham’s Real Estate Office.
TOMBSTONES
AND
MONIMENTS
For all such, see
H. A. MATTHEWS
VASS N. C.
Represents ETOWA MARBLE AND
GRANITE WORKS, Atlanta, Ga.
FOR SERVICE
Go to
KEITH’S GARAGE
THREE CHANCES
TO
WIN!
Some men seem to labor under the
impression that it’s high finance if
they win and highway robbery if the
other fellow wins.
It has been otir observation that the
less you know about people the longer
you retain their friendship.
Usually a man figures that one reasonably certain chance
to win is a good proposition. But take a look at the chances in
KNOLLWOOD and
Edgemoore Heights
A COUNT OF THE TOBACCO CROP
shows that Moore county made upward of a million dollars in
tobacco. EDGEMOORE AND KNOLLWOOD have fine tobacco
lands.
The peach crop in the Sandhills showed upward of a million
dollars. EDGEMOORE AND KNOLLWOOD have fine peach
lands.
The tourist business this season will bring two million dol
lars to Moore county. EDGEMOORE AND KNOLLWOOD have
the real winter home sites of this section.
Three chances to win in EDGEMOORE AND KNOLLWOOD
PROPERTY.
Besides these advantages are all the others that pertain to
a Moore county location.
FRANK BUCHAN, Southern Pines,
S. B. RICHARDSON, Southern Pines
OR A. S. NEWCOMB,
Southern Pines and Pinehurst
And the business at Pinehurst is already 25
per cent ahead of any previous year.
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