The Seattle Star Newspaper, May 16, 1922, Page 8

SAVING CAN ~ BE MADE BY ~ AOCOUNTING Big Excess Income Taxes Paid Be- cause of Lack of Bookkeeping BY R A CONKEY Consultant, Central National Bank Savings & Trust Company, Cleveland ‘The time for filing Individual tn- tax returns for the calendar) 2921 has just passed, and no most of us will give the sub Mttle thought again until the comes when we will have to our returns for 1922, ‘The purpose of this article ts to on the minds of taxpayers importance of keeping some of a record of their taxable in- and allowable expenses for year. “Often taxpayers world be right- entitled to deduct from thetr income amounts spent during Year for certain items, but they | ho recor’s of the amount of! ftem and hesitate to claim the for fear they may be upon to substantiate the ‘ claimed. ‘This, of course, could not be done some record of the transac If some simple record were the item could be conscien. fy claimed and result In a sav ef tax to the taxpayer. Another great advantage where are kept is that the task making up the return ts «impli and results in a saving of time Yourself anc the person assist you. At ts also tmportant to tho tax Payer that his items of income « Qnalycel, #5 certain kinds Income are entirely exempt from ax, some are subject to both and surtax, and others are ly subject to the surtax Follow! : 0. Wes to tema of which reconts should |8°4 Victory Bonds te entirety ex-| pe beets jempt from the normal tax, but In Malry—A record should be kept | rain cas subject to the sur the amo: O jtax and therefore a record should 5 oan ashamed of the amount of Interest Tat [received from each issue. | oe he *| Rents and Royalties—1¢ you own ertain corporation bonds renting property, a record should & tax-free covenant clause and | Kept of the amount of rent re Portion of the norma: "N° lceived, the amount expended for @ by the éebtor repairs and othe expenses. amount of this interes Business or Profession — Your Re kept separate, as you are records should show the total re coipts from the business and @ well- al- 20. &3 a credit the amount of} ttemized list of the busines ex paid for you by the corpora pensea, | Interest on municipal ponds ts Sale of Real Estate—If you sel! . from the tax and need not |"et! eatate du now _feported. Interest on Liberty Sfacquired prior to that date, cost of BD lsubsequent improvementa, amount of depreciation claimed METROPOLITAN | foacf ans tne sale pees ALL WEEK | Sale of Stocks and Bonds—t¢ you CHAUNCEY OLCOTT | veit stocks or bo ing the year In note the year cost pr ath lt gy gg ae ee AE — seats 700 persons and is $1 feet high, Dt =] ,.¢ * # * * * s. 8 * Specifications of Majestic Length, 956 feet, Beam, 100 feet. Depth of hull Size in tons, 56,000. ft of water, 35 feet. Number of decks, 9. Area of decks, 7% acres, Passenger capacity, 4.100. Engine horsepower, 100,000, Fuel, off. Speee 2 feet. 2 sea miles per hour. be kept in former } | qui March 1, 1913, value, if acq prior to that date, and the sale price, WEEK Dividends—I¢ you recetve divt Star weounday, May 21 dends on stocks of domestic corpo- Mats. Wednesday and Saturday |: ation amount should be kept! The new White Star liner Majestic, now on her maiden| voyage from Souinampton, is almost as long as the Eiffel tower, highest structure, is tall. Here is a graphic com- parison of the 956-foot Majestic with (left to right) Wash- Interest Paid—With a very few tgton monument, 555 feet; Metropolitan building, 700 feet; [exceptions all interest paid is an| Santo Campanile, 325 feet; Eiffel tower, 984 feet; St. Paul's Allowable deduction and therefore a! ,athedral, 405 feet: Woolworth building, 792 feet, and Statue | careful record of the amounts pall) of Liberty, 306 feet. should be kept. | Taxes Paid—An taxes, witha tew| * * *% - Bue se me | exceptions, are allowable deductions separete ag they are not subject | jto the norma! tax and if your net Income, inctuding dividends, does not exceed $6,000 they do not enter int your computation Kolb & Dil “GIVE AND TAKE” and a record of the kinds and WORLD’S LAR of taxes, which very few people keep any record of, ts the luxury tax; this t# an allowable deduction and no doubt tf you would jot down the dates and amounts os them, you would be very much su prised at the end of the year to} | see how they had accumulated. | | Contributions—Gitts to organized | |charitable, religious and educational institutions are allowable deductions and a record should be kept of the names of institutions with the! {amounts given to each, | you Capital vs. Labor SEAT SALE THUR. Nights-Sat. Mat. 65< to $2.20 Wed, Mat., S50 to $1.05 | Lossee—If you suffered any lors \, during the year from fire, storm, shed . theft, eto, make a note of cost on : - 392 Perfect Hearing for the March 1, 1913, value, depreciation President, Harding 9 20H previously claimed, salvage value and insurance received. ] It ts not necessary that the aver-| age individual keep a set of double! entry books, but some simple form Of record should be kept. Even a| |Yest-pocket memorandum will do. ‘The Little Gen Ear Phone MEDAL nighest em, In competition with al) hear strumente a¢ Pane ama-Pacit xpowition. Look at it Amd you BEE the simplest and small- Arvics | use ft and SAN FRANCISCO—Capt. Far! | Rohberg, of steam schooner Svea, | charged with faflure to heed distress rockets sent up by Unton Ot! tanker! | Whittier, aground at Point Arena re cently, ARMY TENTS NAVY New and Used CAMP LEWIS WIRELESS 76 University, Cor, Western Aye. mechanism yet ring mankind we have conquered Your affliction. Auto mai head notees Bes the new Bound Pertecton, Free Demonstration at our Stor Wednesday, Thursday, Friday, May 17, 18 and 19 FROM 9 O'CLOCK A. M. TO 6 O'CLOCK P.M. THE LATTLE © EAR PHOND, ect hearing you to hear under all in ‘the ehurch, theater conversntion | For the next two years or so, the Cunarder Be reigaria will H | hold second place in length to the Majestic, as the President Harding, new name of the old Leviathan, is undergomg ex- You can enjoy a delightful sham.| tensive overhauling and will probably not be in service before poo with very little effort and for a| 192 very trifling cost, if you get your druggist's @ package of can throx and dissolve @ teaspoonful in iP.-T. A. ENVOYS |" Counce! of the P.-T. A., were b. from | & cup of hot water. This makes a| Dr. Henry Suzzallo, president of the full cup of shampoo liquid, enough GIVEN A LUNCH | ’2 versity of Washington; A. H no St # easy to apply it to all the! miter a Wiser a » hair instead of just the top of the} Three hundred members of tid | Cutetheness date rt stag > a se a ; | ce; Mrs, Milton P, Higgens head Your shampoo ts now read attle Parent-Teachers associations | of Worcester, Mass., national or at it pou th i n | | Pp. , Not | ust pour a Iittle at a time on the| cave « juncheon M Mra. Victor An expert fr ow York City wit! be with us on the above daye. We Instrument for booklet Hear.” nday at the Sent.| dent of the P.T. a); scalp and hair until both are en | ' tirely covered by the daintily per. |{® Yaoht club in honor of the visit-|Mablstrom of Tacoma, state chair y r ny n er man elect; Mra. 5. ney fumed preparation that thoroughly |e delegates to the state and na.| Yili 0 Marea a = Maye! pt Aissolves and removes every bit of|tional conventionn of the P.T. A., | the organization, and ai the ‘Baler dandruff, excess ofl and dirt. After|heid last week in Tacoma. During| gates trom rinsing the hair dries quickly with| the luncheon the Lincoln high #chool| ern states, a fluffiness that makes {ft seem | orchestra gave musical selections, Perhaps the most outstanding fea heavier than it is, and takes on @/and Miss Ruth Bamford, local solo-|ture of the afternoon waa the talk rich luster and a softness that makes | ist, sang by Mrs. Higgins, who at the age of arranging It @ pleasure.—Advertise- | Among the speakers, introduced by | 75 : , 75, has invigorated and inspired her ment. Mrs. J, Hi. Rieke, president of the| whole organization, Eastern and Southern J. P. CHASE Chemist Cor. Second and dames THE SEATTLE BIG SWIMMING POOL ON BOARD WORLD’S LARGEST LINER ) The Majestic, the 956-foot White Star liner which left Southampton May 10 on her maiden trip to New York, con- tains a marble swimming pool (upper left) with a surface area of 820 feet, The first cabin dining ealoon, glimpsed here, sentencing P madly tnto her mother’s boudotr, | “Cleo ~ i Reduced Fare Tickets on sale May 17 and 19, geed for return Bie ce ag fa going to propose, | until May 22, 1923 “In het To AL G. BARNES’ Big 4-Ring Wild Animal DON’T WAIT iCirculation Dept. TUESDAY, MAY 16, 1922, LARGEST LINER [SKICLUBTO CHILE AND PERU jthe Washington Annex Wednesdey | Decide on Course of Pro- f cedure at Peace Parley BY A. lL. BRADFORD WASHINGTON, May 16-—Agree: | ment was reached today at meet ing between Chilean and Peruviag | noon. White Star Ship Majestic In| rine m by a “hi nber « ommerce, which la in From Southampton — | (evevtea' in the development. of. mkt tournaments and contests to be held in different seasons of the year in | park, et for Wednes day beoaure that Is Norway's inc eondence day and skiing in Norway's | Aero national sport. Roald Amund delegations on a course of procedure sen, the explorer, has indorsed the | for the Tacna-Arisa conference, project, | Following « short session at the Following be be pecnn tmart | Pan-American bulldin elation a oe oe e. pence aki contests for| nounced the decision had both men and women, A delegation from Tacoma wil be present and leading Scandinavians of Puget Bound cities have indicated they will participate, ting 1s sponsored by the NEW YORK, May 1¢-—-The White Star liner Majestic, world’s largest ooMe rived here today on her maiden voyage, from southamp: ton and Cherbourg. SKAGIT-FORD That the proposal (o offer Henry Vord « lease on the Ruby unit of the Skagit power project i» pure “bunk” was the statement made by Mayor ell Tuesday. j 16 «clly has only @ revocable permit from the government to de! yy spite of its great helgat and the velop the Skagit,” Caldwell sald, ‘It | targe area it enclones, the Eiffel cannot leane the site at Ruby creek, | rower ig comparatively ‘ght, weigh becau it doesn't own the site,” 1 ng only 8,000 tons. ‘The mayor declared that, even it i¢| SOP! ! were ponsible to lease the power rights at Ruby, the private company uid have to pay «@ hig tax per horsepower to the government. A resolution was introduced tn the elty council Monday by C. B. Fitzger ald, proposing that negotiations be entered into with Ford for a lease to the automobile manufacturer of the | Ruby power site, It will be consid | 1 by the utilities committee Thurs been reached for Carlos Aldunate, one of the Chilean de! nd Dr. Milton Porras, one of Peru's Gelegates, ta aiternate in taking the chairmanshig of the meetings. Aldunate acted as chatrman tofay at the first session of the direct ne gotiations and Porras will act as chairman et the next meeting, | which probably will be tomorrow, | day CABARET FATE UP TO COUNCIL Beattie cabarets will be cloned Sat- urday night by order of Mayor Cald: well, unless the council license com mittee takes immediate action on pending applications for Hoenses, Caldwell declared Tuesday that the applications have been pending since | the firet of the year, and that no ao- tion has been taken, altho ft was reed that the lcenses should be med upon after a 30-day period In conformity with the mayor's de cision, a special session of the coun cll will be held Saturd when the applications of the Bungalow, Lode Butler, Alhambra and Dreamland will be given final consideration Majestic Made as Safe as Possible Designers of the Majestic have applied a lesson learned from the Titanic disaster to make this larg est of liners practically unaink able. This factor ts brought about by @ new and improved bulkhead arrangement. The boat is thoroly fireproofed also. Three wireless stations are provided, Lifeboats enough to carry 6,000 passengers In a new package that fits the pocket— At a price that fits the pocket-book— The some unmatched blend of Turxisi. VIRGINIA end B ‘” Tobaccos @ Liteon BeO eff] uemee 1} Fae» PORTLAND | ‘The bell which rings curfew at 9 o'clock every night tn Ltucoin's inn and crew are supplemented by |! 1 ondon, was brought frow Calais in two wireless-equipped = motor || ; boate, b= O RIGHT TO BEAT UP WIFE) PORTLAND, May 16. — Ctreuit a neh dgoee " 1 ma proper funct! Judge Ekwall maintained today that eT iheieation Lass 32 years of married life doen not fpisemosestyintrtere witht sive a man the right to beat hin é you detect the slightest tend- wife.” ency to constipation, by signs of biliousn che oF reat- ‘The fudge made the comment after teaspoonful A. Kitne, of Portland, epi, to 18 days tn the city fall after con viction on charges of wite beating. | SYRUP PEPSIN heajth of thegirl most carefully to when she is entering young woman- hood Much depends u Via Northern PacificRy. All-Steel Trains Leave Seattle: 8:15 A. M. and 11:45 P. M. Account PAGEANT OF PEACE, PROGRESS AND PROSPERITE To Be Staged in Portiand by the BENEVOLENT AND PROTECTIVE ORDER OF ELAS May 15-21, 1923 CAN'T FSCAPE “Mother! Mothe The excited young thing @ashed | THE FAMILY LAXATIVE frrup CONSOLIDATED TICKET OFFICE 1010 Becon4d Avenue—Etiiott 5830 KING STREET STATION Third and Jackson—Main 6620 ‘oa'm, he tet Fle dosent know ft, but he has promised to teach me/ how to mwim the first warm day!"— Richmond Timee Dispatch, wed Fegan FACE OF Citar Under the Iingtish law a married wg pod ad woman ts subject to the tankruptey lawa, but she te aafe frou committal to jail under the debtory’ act, | tend your name and addven to Dr, WB. sia Wastingion St, Monacello, mnatoday. —CLOWNS— ‘There's Oodles More of Them Just Like These—Oh, Boy! And It’s FREE! —CIRCUS<—— _ Circus Will Be in Town for Three D. Starting Thu lay, May 18th WIN YOUR TICKET NOW g@ HERE'S HOW “Oe Have just TWO of your friends and neighbors who are NOT NOW having The § the subscription blanks printed below. ALL f tar delivered to their home Then bring to The Star office and get your ticket. > ae SUBSCRIPTIONS MUST BE NEW—THAT IS, PEOPLE WHO ARE NOT NOW HAVING THE STAR DELIVERED TO THEM Collect No Money on City Subscriptions—Just Take the Order for the Paper SUBSCRIPTION BLANK I hereby subscribe to THE SKATTLE STAR for two. months and thereafter until I order same discontinued. I agree to pay (he carrier at the rate of 500 per month. SUBSCRIPTION BLANK I hereby qubscribe to THE SEATTLE STAR for two months and thereafter until I order same discontinued. I 1 AM NOT NOW HAVING THE STAR DELIVERED TO ME TAM NOT ROW RAVING Tam wean DELEVERSD TO ME Name .... NAM cosesccescresssersece seeee Address Address ...... Phone N PHONE NO.essesssees . eager Taken by Hebe eeeeees Taken by ....... 1307-11 Seventh Ave. THE SEATTLE STAR A Drew find fn 1