The Whitewright Sun (Whitewright, Tex.), Vol. 58, No. 3, Ed. 1 Thursday, January 21, 1943 Page: 2 of 8
eight pages : ill. ; page 23 x 16 in. Scanned from physical pages.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
THE OLD JUDGE SAYS...
“I’ve been meanin’ to ask you for the last
couple of weeks, Judge, what you think of
this prohibition talk that keeps croppin’ up
every so often.”
“I’ve heard some of it too, Henry, and
1 feel like this about it...'
“It comes from a comparatively small
group of reformers... the same type that
plunged us into prohibition during the last
war. And, as we all remember, into nearly
14 years of the worst crime and gangsterism
this country has ever known. Everybody
had all the liquor they wanted only it came
from bootleggers at exorbitant prices and
the government was deprived of millions and
millions of dollars in taxes.
“ It seems to me, as I told my Congress-
man down in Washington last week, that
we’ve got all we can do here at home to
help win this war without wasting time
arguing about things we know, from sad
experience, won’t work.”
-■
Equipped To
Produce It
5
I___________\
!
K______
PAGE TWO
THE WHITEWRIGHT SUN, WHITEWRIGHT, TEXAS
Thursday, January 21, 1943.
THIS AND THAT
By Joe Smith Dyer
on
When You
he
Need
i
Good
15,
Printing
war
The Sun Is
you
back
’By, ’By, Bologna!
SoyBean Sausage
Joins Food Front
Red
and
the
i
s
I
By Marshall McNeil
WASHINGTON.—Joe, who <
$40 a week, began paying his
Federal Victory Tax Jan. 1—5
cent on all his salary above $12.
And, with 1942. taxes
March 15, Wai' Bonds to
able March 15, 1944, will be $161.02,
but the Victory Tax by its withhold-
ing features will permit him to liqui-
date $72.80 of that amount out of his
salary as he earns it. The rest he
will have to pay in 1944.
Joe Pays Victory Tax Every Week
Now on All His Earnings Above $12
earns
new
i per
Returned Soldier (telling about
Iceland)—“It’s so cold up there that
if you set a bucket of boiling water
outdoors, it freezes so fast that for
five minutes after it is frozen solid
the ice is still warm!”
Happiness Highway:
The Highway of Happiness is a one
way road and the trail of tears is an-
other way. Which way are you go-
ing?
If you are miserable and always
making others so it is an evident fact
that you are taking the wrong way,
the trail of tears!
If you are able to accept the dis-
agreeable and discouraging things of
life and continue to laugh, love and
carry a big load you are on the High-
way of Happiness even though you
may not realize it.
And that’s the trouble with the
majority of us—we are far happier
than we say we are and dislike think-
ing so. The moment you “think” you
are on the Highway of Happiness
you are. There is nothing mysterious
about that highway. It is made up of
a good many very simple things and
the simplest of these, and the easiest
to acquire is nothing more than the
will to happiness.
ST. LOUIS.—America’s tradition-
hot dog and other sandwich meat va-
rieties, such as bologna and braun-
schweiger, soon will be replaced by a
“victory” sausage which will be made
of little meat and plenty of soybeans.
This news was left Thursday with
the National Independent Meat pack-
ers’ Association by Charles M. Elkin-
ton of OPA.
Said Slkinton:
“There’s no escape from it. The
Government will have to make and
enforce an arbitrary sausage formula
which will provide for the inclusion
of soybean meal or some other sub-
stitute.”
Elkinton, an executive in the OPA
meats, fish, fats and oils division, as-
sured the meat packers, who are
meeting in St. Louis, that the “vic-
tory” sausage would conform to the
standards of “wholesome nutrition.”
due next
___________________ buy, and
Social Security taxes to pay, it’s go-
ing to reduce his $40 a week salary
to a point where he will find that his
pay envelope contains in cash only
$34.20.
But while the burden will not be
■easy, a year hence Joe will find
there’s a relief in sight for then he
will be able to take advantage of the
post-war refund features of that tax,
if he cares to do so.
Joe Owes Income Tax
While remembering that on March
15 of this year Joe will owe the gov-
ernment his regular income tax on
income earned in 1942, and while he
is paying his 5 per cent Victory Tax i
Readjustment:
The war has made frontiersmen of
us all. We, in the past fyear, know
what it means to start life all over,
under conditions that are strange and
hard, facing the challenge of new and
all-important problems. Whether in
factories, on farms or in one of the
many branches of civilian defense,
almost everyone of us has been given
new work as our share of the war.
And how quickly and how well We
adjust ourselves to oui' new jobs is
the measure of our contribution to
Different Approach
“Did you tell her that what
said was in strict confidence?”
“No, I didn’t want her to think it
was important enough to repeat.”
Out For the Moment
Caller—“Good morning, madam.
I’m from the electric company and
understand there is something in the
house that won’t work.”
Madam — “No, he’s in the
yard.”
(or $1.40 a week), let’s move ahead
to March 15, 1944, to get a true pic-
ture of Joe’s tax.
Here’s how it works out:
Joe, for purposes of this example,
earns $40 a week, is married and has
one child.
His gross income in 1943, on which
he must pay tax return on March 15,
1944, was $2,080.
Against that he gets a credit of 10
per cent for earned income, or $208.
His personal exemption as a married
man is $1,200, and the credit for his
dependent child is $350, a total of
$1,758. Subtracting that from his
salary of $2,080, Joe has a net income
subject to the normal income tax of
$322. The normal tax rate is 6 per
cent. Applying that against $322,
Joe’s normal tax is $19.32.’
He Gets Credit
To figure his surtax income we
take Joe’s salary of $2,080, and from
it subtract his personal exemption of
$1,200, and the $350 credit he gets for
his dependent child, a total of $1,-
550, and find his surtax net income to
be $530. This is in the first surtax
bracket, where the rate is 13 per
cent. Thus, 13 pei~ cent of $530 is
$68.90.
Adding his normal tax and his sur-
tax, Joe owes the government an in-
come tax of $88.22 on March
1944, on income earned in 1943.
Then he will have to figure his
Victory Tax. Against his salary of
$2,080, he gets a credit of $624
(which amounts to $12 a week), and,
making the subtraction, Joe finds
that his Victory Tax net income is
$1,456. Against this he must apply
the 5 per cent Victory Tax, and that
. figures out to $72.80.
Can Use Refund
But during 1943 Joe started paying
that Victory Tax, and by the end of
this year he will have paid a total of
$72.80, and he will have a slip from
his employer proving it. He will in-
clude that information in his March
15, 1944, income tax return, and the
Victory Tax due will be cancelled out
by the Victory Tax paid at the rate
of $1.40 each week.
Because he is a married man, Joe
Will be due a post-war refund of 40
per cent of the Victory Tax paid, and
because he has one child, he will be
due another 2 per cent. Thus, his to-
tal post-war refund due on his 1943
Victory Tax will be $30.58.
Now, if he wants to, Joe
that post-war refund ride, and
tually collect it in cash from the gov-
oi' other debts
Sept. 1, 1942, or
war bonds.
Can Let It Ride
Assuming that Joe has no life in-
surance and no debts, he will still
have bought in 1943 $208 worth of
War Bonds, in fulfilling his end of
his agreement to spend 10 per cent of
his income foi' this purpose.
So, since he bought those bonds, he
can take full and immediate advan-
tage of the post-war refund of his
Victory Tax, amounting to $30.58,
and apply it against the income tax
he owes.
In Joe’s case, since his Victory Tax
is cancelled out by the money with-
held from his pay in 1943, he will
owe the government only his regular
income tax on March 15, 1944, an
amount totaling $88.29. From this he
refund
the
15,
can let
ac-
can subtract his post-war
credit of $30.58, and will owe
government in cash on March
1944, a total of $57.6(4.
But, as explained above, if
wants to let that $30.58 ride until aft-
er the war, he will have to pay the
$88.22 during 1944.
Actually, the total tax burden on
Joe’s $40 a week salary of 1943, pay- victorL
o Li 1 z-x 1\ /ri i ci a a TT-r-xii i—. z-x 1 a i r\ o
Two worlds:
It is possible for every one of us to
live in two worlds at the same time.
One world, we can measure with a
chain. The other world, we can have
in our imagination and can feel in
our hearts.
ernment aftei' victory is won. But if
he is like most taxpayers are ex-
pected to be, he will take advantage
of the provision in the law which
permits him to get that refund cur-
rently.
The law permits Joe to take credit
against his post-war refund of cer-
tain expenditures he makes—such as
amounts spent on life insurance
premiums, or payments on his house
contracted prior to
amounts spent
Winter of 1917-18:
President Wilson’s fourteen points,
the Russian Revolution, peppermint
striped silk shirts, the Halifax disas-
ter, zeppelins over London, “There’s
a Long, Long Trail Awinding,” “Tip-
perary,” “Keep the Home Fires
Burning,” and one of the worst epi-
demics ever to sweep the nation, in-
fluenza!
Winter of 1942-43 (?):
Fast-gomg ocean liners, trans-
formed into troop ships, taking
American youth to all parts of the
world.
Hundreds of defense plants work-
ing “around the clock” to turn out
things those boys will need.
President Roosevelt’s “fireside
chats” to keep us going, jeeps on the
highways, airplanes overhead,
Cross sewing rooms open day
night, young girls knitting for
boys who are “over there!”
Radio’s giving us the latest
news almost as soon as it happens,
“Praise the Lord and Pass the Am-
munition,” “America The Beautiful,”
“God Bless America,” and again
“Keep the Home Fires Buring.”
We did before—we will again!
K'- •'*K
!
a
1
I
1
1
I
I
I
Bi
O’
B
I'W
fl
Bl
Eby J
8
I
ft
$
$
I
I
I
IL
iiir
a
JI
I y
I
i
s
&
&
t
JI
B
I
P I
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Doss, Glenn. The Whitewright Sun (Whitewright, Tex.), Vol. 58, No. 3, Ed. 1 Thursday, January 21, 1943, newspaper, January 21, 1943; Whitewright, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1337392/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Whitewright Public Library.