Evening Star Newspaper, January 20, 1933, Page 7

TAX DEDUCTIONS -~ SCOPE IS LIMITED Rreltmmary Analysis of New Levies Disappointing in Income Circles. By the Associated Press. ‘The preliminary analysis issued by the Internal Revenue Bureau yesterday ‘wlth regard to income tax payments of arch 15 probably was disappointing many who had expected more ex- emptions. For one thing, those who had visions of being able to reduce the amount of ".heir payments by deducting from their gross income all of the taxes levied in the billion dollar tax bill were referred to the regulations which permit the in- dividual to deduct but few of the xes. ‘The only taxes which the individual ® can deduct are those he pays himself, and the remainder are deductable from gross income by the manufacturer, the importr or the person who actually pays them. Taxes are deductible from gross income in determining net in- come upon which the tax is due the Government. New Taxes on Individual. ‘The new taxes which the individual ean deduct are those on electrical en- ergy, bank checks and drafts, telephone conversations, telegraph dispatches and messages, leased wircs and talking cir- cults, admission, on leases of safe de- posit boxes, the tax on motor boats and «club dues. ‘The individual in some States can Judge Frees Her COMMITTING OFFICERS CEN- SURED BY COURT. ANNA MAY HARBER, THE EVENING KIWANIANS HONOR Bishop Freeman and E. T. Clark Speak at Exercises Held in Raleigh Hotel. Washington Kiwanians yesterday honored the memory of Calvin Coolidge at exercises in the Raleigh Hotel at which the Right Rev. James E. Free- man, Bishop of Washington, and Ed- ward T. Clark, personal secretary to President Coolidge, were the principal speakers. Bishop Freeman, describing Mr. Coolidge as the “greatest _political phenomenon since Abraham Lincoln,” said his profound interest in and un- derstanding of religion was one of his greatest characteristics. “Men like Calvin Coolidge,” Bishop Freeman said, “free from the dramatic and the spectacular, and imbued with & deep sense of spiritual understanding, *|will be the ones to lead this country out of this period of transition. Nothing is so much needed in this critical pe- riod as that type of character which Calvin Coolidge represented—of the type of men who were the early lead- ers of the country.” Mr. Clark recited many personal ex- periences of the years he served as Mr. Coolidge's personal secretary, relating Ruptured? GOOLIDGE MEMURY S STAR, several humorous incidents in the po- guc:l career of the late former Presi- len! Other guests at the exercises, at which members of the Ar] n County and Kiwanis Clubs were in at- of the ‘T. Cameron, pru'fim of the Givitan Clib; Wiliam Oumapo NAVY IS WITHOUT SURGEON GENERAL Admiral Riggs Leaves Post and Senate Has Not Confirmed Suc- WASHINGTON, D. C, FRIDAY, JANUARY 20, 1933. uuauummnunmc-m Charles Malden Oman, Medical Corps, there seems 1ittle likelihood of his being m&mn&%fl%l;lm on presidential a ‘apt. Oman llnweommandg:oflurltflnfllm thur C. Christie, president of the Ro- tary Club; president of the t Clul T. Webster, president of the Board of Prank G. of the Monlrch Club; J, E. Ppresident of the xmhme Club; Super- intendent of Police E. W. Brown, Irv- ing Diener, Kiwanis Club; deduct the amount of tax paid on gaso- line if the State law levies the tax on the consumer, but he cannot deduct it if 1t is levied on the distributor or manufacturer. The individual also can deduct other State, city and county taxes from his gross income. The taxes which an individual can- not deduct are the stamp taxes, and the manufacturers’ excise taxes. These include the tax on tobacco, issues, sales and transfers of stocks and bonds, sales of produce and conveyances or | yeal estate. ‘The manufacturers’ taxes levied un- der the bill are deductible from the gross income of the manufacturer ex- oept that where the tax is included as part of business expense it cannot be scparately deducted as a tax. These taxes are those on lubricating oil, brew- ers wort, liquid malt, malt sirup and malt extract, grape concentrates, etc.; crude petroleum, ~gasoline, paraffin, tires and tubes, toilet preparations, furs, Jewelry, automobiles, motorcycles, etc., Tadio receiving sets and phono- | Sixteen, who lives near Doylestown, Pa., has been taking her father's place on the farm since his death, seeking to support an {ll mother. Recently she took a load of vegetables into Phila- battered truck side-swiped a pedestrian. 18300 bail. fended the girl at her trial for reck- less driving. He not only freed her, but censured the committing magis- trate and all other members of the minor Philadelphia judiciary who act hastily in minor cases. Swedish Church Art Listed. STOCKHOLM (#).—After 15 years' | work, an inspection and inventory of antiquities in Sweden's 2,500 churches is nearing completion. Students of Swedish art history have been employed for the work, the object being to guard against loss of valuable art. Trusses ; Special sale for 10 days only. | delphia to sell, but, in a rainstorm, her | pi¢saq by exparts—a large stock She was held in jail in default of a |of trusses which formerly sold at Judge Howard A. Davis de- |7 50 to $12.00. SALE, $3.50. Come in and let us examine ~2A. P Photo | your rupture and advise you. Kloman Instrument Co. 911 18th St. N.W. FOR THIS cessor, Capt. Oman. Miss Nora B, b; Ben Campbell, president Smith, BOSTONIAN SHOES Sale! St. Albans $135 to $250 SHIRTS Yz Our regular stock of pre- shrunk Broadcloth and Madras Shirts in collar-attached, 2-col- lars-to-match and neckband styles. Whites, solid colors and neat stripes. All sizes and sleeve lengths. * k *k resident of the Alexandria f:,:,' l:'m!énl. John Webster, ident ot af the Ariingtm Oty Klnx;’lrsuélub clal duty with the Secretary of the no deterrent to Theodore Clar] Stahl Under the law, however, naval officials to sign certain official documents as there cannot be an act- ing surgeon general for all purposes. Coat Stolen in Court. MINNEAPOLIS, Minn., January 20 (#). to spe- | —The immediate ce of the law eves, L. A. Lawso! lained, it will be necessery for Sec- ‘The Navy yesterday found itself wlth- exp“" Adars to Huffman, | out an omcm n general, wit! prospect Navy. Admiral Riggs’ four-year term |learned when he returned to his k and Mrs. Ruby Smith | as surgeon general expired vesterday. Although President Hoover has after testifying in Municipal Court and ‘nomi- | discovered ¥y 3 his overcoat had been SCOUTS TO MAKE SURVEY OF GARDEN LOTS IN CITY District Unemployment Committee to Assign Plots to Needy to Grow Own Food. Boy Bcouts of . | have been 135 nrdzn Pplots available to poor fam- ilies willing to “grow their own” food, and plans for tho coming season call for an even hr:er number. Scouts have been asked to report to their scout- masters regal location, suitability and ownership of vacant lots in their districts. 10 many hundreds of cities. EXAMPLES: Round Trip te NDIANAPOLIS $16—CLEVELAND $11.25 L0S ANGELES 33.00—Rd. trip 62.70 Telephono NATIONAL 1721, o 2159 13497 ST., N.W. (Cor. Pennsylvania & 14th St.) Or— GREAT EASTERN BUS TER'L Q214 6TH ST. ot PENN. AV, REAT EASTERN bus syste. STETSON HATS The “W eather Man” couldn’t make up his mind so we made up ours! We're unloading at a LOSS, our entire stock of fine Overcoats! Hand-Tailored Silk . = Tl 3% WORUMB 4 5 3 for $1.25 and St. Albans OVERCOATS wee, at half price mous reslhent construction. Weight Overcoats Stripes, solid colors, and every other new, popular pattern, Y Boucles, Chinchillas, Llamas. ¢ Camel’s Hair; Dark shades only! graph records, mechanical refrigerators, 9 sporting goods, firearms, shells and Kl LL S MA nc Cheving gum sad st Gre A | H 5 B i 3o e well| Every Day Is Bargain Day in Our Markets Quality and 16 Ounces to the Pound Guaranteed FREE: One Head of Cabbage With Each Whole Ham, FRESH or SMOKED Chuck Roast ... «..lb., 9c|Breast of Veal .... Round Steak . .Ib., 15¢ |Shoulder of Veal . Sirloin Steak . 1b., 16¢c|Veal Cutlets .. donee may deduct it. The estate tax | [jPorterhouse Steak .Ib., 18¢c|Pork Loin Roast 4s deductible from gross estates. Hamburg Steak . The income-tax regulations have not | ...lb, ¥et been drawn up by the bureau, but | the list of the permissive deductions | has been sent to collectors to inform them what may be deducted by indi- viduals, manufacturers and other per- sons interested. PLAN ANNUAL DANCE General Accounting Employes to Hold Party at Meridian Mansions. General Accounting Office branch of Federal Employes’ Union, No.'2, will hold its third annual dance and card arty tonight at 2400 Sixteenth street, eginning at 8:30 o'clock. The special guests include Luther C. Bteward, president, and Miss Gertrude McNally, secretary-treasurer of the Na- tional Federation of Federal Employes; JohnD Cloud, national organizer, and Cloud; Earl Hoage, national or- gunlur and Henry G. Nolda, secretary- reasurer of Local No. 2. Mrs. Emily A. McArt is chairman of . the committee in charge. _— Sugar Price Reduced. NEW YORK, January 20 (A).—Sev- eral sugar companies have reduced the price of refined 5 points to 3.90 cents a | . pound. | porter of any of those articles as well | as importers of coal and coke, copper- bearing ores and concentrates and lum- ber may deduct those taxes from gross income. The tax on transportation of oil by | pipe line is deductible by the carrier, the gift tax deductible by the donor unless statute provides the donee is| liable for the tax, in which case the | 6e|Fresh Shoulders .. (Skinned Back, 20-1b, av. gt s Krey's Smoked Hams | poal 10 10 12 Ihs, oovoe - Smoked Shoulders. . . .. 634¢ | Fancy Table Eggs (Large) (Fresh from nearby farms) Fresh Hams (Large).....lb, 9c Frech Hams (Small).....lb., 1lc Sausage Meat (BestGrade) Jb, 9c Chickens . 17c| Turkeys reeik"Rifiear . . .1 18¢ Leg Spring Lamb . 15¢ | Sh’ld’r Lamb 1 11¢| Stew Lamb . .1v. 7¢ .1b., 25c| Calf Liver .1b., 14c (Fancy Frash Killed, Frying and Roasting) o O ¢ Best Creamery Butter. . One-Pound_Rolls Sliced Breakfast Bacon. Very Best Sugar! Sugar! Sugar! . 4V5c| Kidwell’s i’ Coffee. . Standard Oys (Extra Faney) W-hr Ground Corn .10-1b ..Ib,, 27c 12-1 ; Bean Pork—S$alt Butts. s nationally famous FRESH M"..K. ot . ...6c Cnoked Ham (Wlmle) 17‘: 75¢ ‘.,,d 50c Hose! -An Saturday Only ..10¢| Cooked Ham (Sliced) . .. 23¢ fancies! Finest quality! No. 2 Tomatoes .can, 10c can, 11%¢ can, 12V5¢ (Finest Put in Cans) One-Pound Bar Soap .3 l:"-- 23¢ | Pure Apple Cider:’ .1b.,, 10c (Large Jar; b | ==t AeelslC 3218 Pea Street N.W. 2611 14th Street N.W. 2153 Penn. Ave. N.W. 1129 Penn, Ave. S, 8215 Georgia Avenue, 3104 M Street N.W. ith & C Streets S.E. Silver Spring. NORTHEAST PUBLIC MARKET, 12th & H STS. N.E. 2 12 MARKETS 12 MARKETS Westminster 75¢ and 50c SILK HOSE 25¢ * % % 75c and 50c White Potatoes York State Cabbage Black Walnut Kernels (Special) | L e e e e T T T T T Minute Mysteries Frontier Peaches .. _— No. 3 Tomatoes, can 8¢, 3 cans 23¢ Stringl’s Beans, can 7c, 4 cans 25¢ Prunes (Large).. Dried Peaches . Dried Apricots ... 305 9th Street N.W. 3272 M Street N.W. Solution to THE TRAP- (See Page A-3.) After the household was asleep Fordney put coal dust on ALL the doorknobs on the first floor. Finding Vittel's BEDROOM door- knob smeared with coal dust, he knew him to be the thief. GUILT IS EVER AT A LOSS, AND CONFUSION WAITS UPON IT.—Congreve. It's a simple story! “Too much warm weather—too many Overcoats in stock.” Something drastic had to be done ...so we disregarded profits, cut the price in half, and took a loss. . . . Every well dressed man knows the WORUMBO and ST. ALBANS Labels and the high quality they stand for....These are NOT odds and ends or special purchases— they are our regular stocks. Full cela- nese lined! Every new 1933 style! Pur- chase a fine Overcoat in this Sale at $17.50; it's a value you'll appreciate % Sizes to fit any man! Regulars i 5 34 to 48; Shorts 36 to 42; Longs for the next several Winters, - o o b 406 H Street N.E. 509 Morse Street N.E. Shorts & Shirts Solid Color and Striped letic Ribbed Shirts. Every 3 5 [ size and color! Broadcloth Shorts! Athe * * % Condition December 31st, 1932 PENNSYLVANIA INDEMNITY CORPORATION PHILADELPHIA Assets Gash § § 540 .. .00 . . $54881140 U.S. Government Bonds $201,000.00 Railroad & Public Util- ity Bonds & Stocks . Industrial & Miscella- neous Bonds & Stocks Mortgages owned (F:fty five Items) . . . Liabilities Reserves For Liability Claims . . .$1,072,903.78 For other Claims . . . . 18,07 For Unearned Premiums . Taxes payable in 1933 . . Commissions . . . . . All other Liabilities Reserve for Investment Depreciation Capital .« . . . $300000.00 Surplus 260,875.66 Surplus to Policyholders _ .. . 560,875.66 Total Liabilities including Capi deshame Surplus . .$3,004,621.43 . 889,165.00 1,010,858.00 200,000.00 171,575.00 2,272,598.00 Interest Accrued 13,179.24 Premiums due from Policyholders. . 170,032.79 Total Admitted Assets. . . . . .$3,004,621.43 Companion Sale! St. Albans SUITS taken from our regular stocks This collection includes the $ 1 7 50 finest quality St. Albans worsteds EXTRA TROUSERS, §3 QUALITA ITALIANA “Passantino” Copy of a Foreign Hat $395 Which reflects that unde- scribable beauty and fineness that appeals so much to the sense of touch and sight, and that soft, mellow texture which is characteristic of foreign hats. Y St. Albans Hats, $2.75 \ PENNSYLVANIA INDEMNITY FIRE CORPORATION Assets Cash o« ¢ v 00 0o 0 a0 Railroad & Public Utility Bonds and Stocks . . $234,654.00 Industrial & Miscellane- ous Bonds & Stocks 137,371.00 o o o 154,900.00 Mortgages owned (Sixty Items) Interest Accrued . . . T . . . Premiums due from Policyholders . Total Admitted Assets . Liabilities Reserves ForLosses « o o« . v o o o o For Unearned Premiums. + o o Taxes payable in 1933 . . All other Liabilities . . . . . . Reserve for Investment Depreciation Capital - $200,000.00 Surplus . . . . . . 23012234 Surplus to Policyholders . . . . 430,122.34 Total Liabilities, including Capital and Sutplux $705,590.42 $165,496.68 $ 36,627.25 153,340.83 and serges—made famous by their durability and tailoring—in every new style and color. Many Spring colors and weights. Sizes to fit men of every build. 526925.00 4,246.82 8921.92 $705,590.42 e e e e e e e e yowi The foregoing Balance Sheets have been prepared by us from the books of account and records of the Pennsylvania Indemnity Corporation and the Pennsylvania Indemnity Fire Corporation. All of the assets have been verifled; valuations for bonds and lnxb. are in accordance with the schedules published n the direction of the National Convention of Insurance ioners. In our opinion, adequate provision has been made for discharging all lisbilities of the said Companies, a3 of D«mbfl 3lee, 1932 S. H. and LEE J. WOLFE, Acuaria and Auditors New York, January 16, 1933 o REE, WASHINGTON DISTRICT OFFICE 233 Shoreham Building ¥ Alterations by our Master Tailors, WITH- OUT Charge, guarantee your perfect fit.