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The Auction Sale Of The Collins Farm Which Was Post
poned Last Tuesday On Account Of Rain Will Be Held
AT 10:30 A. M.
On The Premises 5 Miles West Of Kings Mountain On Potts
Creek Near J. R. Champion's Store
EASY TERMS Only 1-3 Cash, "Balance I and 2 Years.
BAND CONCERT
A Number Of SouAenirs Will Be Given Away At Time Of
Sale. Ladies Invited.
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Selling Agents,
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Greensboro, J$. C.
THIS TELLS HOW TO
, FIGUREJNGOME TAX
Squarely Up to Every Individual
. to Get Busy by March 15
.. or Suffer Penalty.
"Don't wait until the final due data,
MarWi 15, for paying your Income Tax
and making your return. Avoid the
last minute rush. Any person can flg
ura out hit liability today aa well aa he
can next week, and If there la any
point on which he needs advice he can
now get In touch with a Revenue man."
This word of advice la being given
out by Internal Revenue men. Re
turns and payments are being col
lected In No. Carolina by the following
Collectors of Internal Revenue: . .
Joslah W. Bailey. ., .-. .
' Austin D. Watts.
Every aid of their offices and field
, forces la being given freely to the
public. ...... , - .- . -i
But the Income Tax men will hot
pull your door-bell or your coat-tails,
according to the Collector's announce
. ment. It Is squarely up to every Indl
. - vldual to figure out his own case and
to get busy It be comes within the
scope of the new Revenue law. .
Did You Earn This Much?
v Every - unmarried person . who re
; eelved Income averaging $19.25 a week
during 1918 and every married couple
who Jointly received Income averaging
38.30 a week should secure at once
from, the nearest Deputy Collector, or
tne nearest bank a blank Form 1040 A.
That form contains the Information ha
. will need to, enable him to figure bis
correct Bet Income and any tax that ha
owes the government
The law requires that every unmar
ried person who had a net Income of
,, 11,000 or over and every married per
son whose bet Income was 12,000 or
over (Including the Income of husband
or wife and the earnings of minor
children. If any) must make return
on or before March 15th. And this re
quirement does not hinge on whether
the person owes a tax.-
- r ; Taxable Income. "
An individual must Include under
grom 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, sales or dealing In property
. of all kinds. Interest, rent, dividends
or p routs oenvea from any source
Whatever. Very few Items of Income
T exempt. , ' 'i: "
Reductions Include ordinary and nee?
ry business expenses, interest paid
rued on indebtedness, taxes of
' except Federal income and
'Mi La raxes and assessments
'Af Ipfsen CtagJli us-,
talned, debts ascertained to be Worth
less and depreciation on buildings, ma
chinery, fixtures, etc., used In 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 chjldrcn or animals to an
umount not exceeding IS per cent of
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 is claimed
under depreciation. - .
Figuring the Tax.
Before figuring the normal tax the
dividends are deducted as credits from
net income, together with the personal
exemption. As lb previous years, divi
dends of domestic corporations are ex
empt from normal tax when received
by the stockholder. . - : .
.The normal tax rates for citizens
and residents are ns follows; On the
first $4,000 of net Income In excess of
he credits the rate -to 6 per cent ; on
nuy 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
the dividends are not deductible before
computing surtax. In the rose of re
turns by husband and wife, the net In-
tome of each Is considered separately
In computing any surtax that may be
due. Form 1040 should be used for
making returns of uet Income exceed-
ii.g $5,000, and the Instructions on that
form will show how to figure the sur
tax. - . . : .
Quslness House Returns.
employers and others who paid
wages, salaries, rents, interest or sim
ilar determinable gains In an amount
of $1,000 or over during 1018 to any
person must file an information return
with the Government. Blanks may be
eel-urea iroro tne tttflector. ' --
Every partnership must file a return
showing Its income and deductions and
the name and address of each partner,
with his shure of the profits or losses
during the past year, l'ersonnl service
corporations, will tile similar Informa
tion for J01S.
INCOME TAX PAY8 ,
FOR PUBLIC BENEFITS.
HAMBHIGHT DOWSER
Quite a surprise was sprung
upon the friends, of the contract
tni? parties- Friday morning
when they opened up their mall
and found announcements read-
in?; . .. ,
''Mr, and. Mrs, G. F. Ham-'
bright announce the marriage of
their daughter, Loig, to Mr. El
brt Flowser, Sunday, Feb 23.'
Mrs. How&er had for some
time been working for the local
telephone exchange. She went
a')3ut her work Mcndair and on
to Friday and tha public knew
n thing of the marriage until
tho announcements camo out
Friday. She and Mr. liowser
accompanied by Mr. and Mrs.
T.U.Hudspeth,; the former beiiig
manager ox tbe telephone ofic e
here.rwent to Gastonia on Sue-
day liight and were married by
Presiding Elder Kirk,
Mr. TEfowsor is foreman of the
ODnstruclion canfit of tho Pied
mont Tel. A T.j. Co.. and is now
located in ' Giistonft whore he
has taken his wife to I've.
Miss Vera Abbott has taker.
Mrs. Howser's place in tbe local
Cilepnone exohanee.
M
i "Viewed In Its largest and tru
est sense, the payment of taxes
Is payment for benefits received
or expected. - Only from a nar
row and essentially selfish and
shortsighted viewpoint can the
individual -propose to himself
the evasion bf tax liability as a
desirable course of action."
Daniel C, Roper, Conunls '
f Iscsrpal Revenue. '
vertising?
K It Is result! yon want
you should use this
paper. It circulates fat
the majority of homes
m the community and
has always been con
sidered TheFaciily
Kewspaper
The grown-ups quarrel '
bout It, the children cry
' for it, and the whole f am--ily
reads it from cover to
cover. .They will read
rir ad if., yon place
before them In the
proper medium.-
SPRINGTIME AND SHOES
- The splendid springtime weather which we are having
lately puts us to thinking in the terms of Spring Wear.
We'thought ot it several months ago when we were buying
stock. We have bought the very finest lite ol Spring Shoes
that.-.we have even had and they are now moving this way.
Some are already here. We have already sold several pairs
of slippers. Watch our show windows and come in and look
around and go out satisfied that here is the place to shoe '
the whole family. .
In our Spring Line you will find all the latest
styles, tops, heels, bottoms and vamps. They will
be up-to-date all around and the best that good,
leather will make or good money will buy.
"OUR SHOE CUSTOMERS COME BACK"
S. M. Sfe&aniel & Co. '
-' Kings Mountain Herald
and .
Progressive Farmer
.. Both year for tf
$2.25
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