The Alto Herald (Alto, Tex.), No. 46, Ed. 1 Thursday, April 14, 1966 Page: 3 of 8
This newspaper is part of the collection entitled: The Alto Herald and was provided to The Portal to Texas History by the Stella Hill Memorial Library.
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THE ALTO HERALD, ALTO. TEXAS, APRIL 14. 1966
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SAUSAGE 3^
BACON 69c
BORDENS
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45c
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7c
FLOUR
Snow Queen
25 Lbs.
$219
10 Us. $Loe
BURGER MEAT
Lb.
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Lb.
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33c
EQUARTER ROAST 59c ; SHL0!N STEAK
JNDSTEAK
Lb.
79c
Lb.
89c ; HENS
5 & 6 Lb. Average
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3 Cans
2^ Can
89C
^ W MEAT 39c ' SPARERtt
'AwHTEmcmiMVES
M. G. Wittiams
GENERAL
IvtERCHAMMSE
Two Mites South A!to 6n Highway 69
.c Prices Good For Thursday, Friday & Saturday
L PRESERVE THE RIGHT TOL!M!TQUANT!T!ES
THE
FAMILY
LAWYER
TA!H)Y TAX RETURNS
Early one Apri], leaving home
on an extendetl business trip, a
man handed his wife their in-
come tax returns.
"Remember to maii these be-
foie the !5th," he said.
She did remember — two
months later. When the govern-
ment added a penalty for tardi-
ness, the man protested that it
hod been "just an innocent mis-
take." But in a court test, the
penalty was upheld. The court
said tax returns are too im-
portant a duty to be so lightiy
overiooked.
There is good reason for the
annual scramble by taxpayers
to get their returns in before the
deadline. The penalty can be
stiff —5 per cent per month, up
to 25 per cent of the total tax.
To be sure, some excuses are
good enough to ward off a pen-
alty. You will be forgiven if your
tardiness was due to what the
law calls "reasonable cause."
In one case, the tax collector
had no record of having re-
ceived a man's return at all.
Yet, evidence proved that it had
been deposited in the post office
on time, in a properly stamped,
properly addressed envelope. A
court held that no penalty for
tardiness could be imposed.
"This would not be the first
time," observed the judge,
"that a collector had lost a re-
turn."
In another case, both the tax
payer and his attorney—the only
other party familiar with the
situation—were totally incapac-
itated by illness at tax time.
Again: no penalty.
But lesser excuses won't do.
For example, prior illness, not
incapacitating as of tax time,
does not justify a late return.
Nor does the mere fact that
you don't happn to like the way
the government is spending your
money. Thus, penalties for tardi-
ness were imposed on a busi-
ness-man who resented Uncle
Sam's "wasteful" habits, and on
a minister who didn't want his
money spent for war.
Why is the government so
strict? That question was raised
by a man who blamed his tardi-
ness on the fact that other ex-
penses had left him short of
money. The court gave him
this reply:
True, such situations may re-
quire sacrifices, but the govern-
ment exists only by the sacrifice
of its citizens. Taxes may seem
oppressive, but taxes must be
paid if governments are to en-
dure."
sT-iEEsam.
GtLLETTE
SUPER STAiNLESS BLADES
79<
5 FOR
BETTER SHAVES!
VOU... Smo// Bus/ness
Congress has already received from President Johnson a
large list of proposals labeled as "absolutely must" legisla-
tion. His program deals with such important issues as right-
to-work, unemployment compensation, minimum wage in-
crease, and secondary boycotts.
However, in view of the considerable criticism that Con-
gress has abandoned its status as an equal branch of Gov-
ernment, there are rumblings on the Potomac that Congress
this year wiil give much more consideration and delibera-
tion to the long-run impact of new legislation before it
rushes into action. Last year Congress enacted the massive
total of 349 public iaws. <&-
Even the mild
Mike Mansfield,
"H" the Senate's
Majority Lead-
BBP' cr, is on record
HtL JtH! ^'at "the main
jtHa M-gSjSH concern of the
Senate m tin'
Hf second session
M ^'iii i"' ti"' i"
MKWlgHHtfcction, the
*** elaboration,
L. M. Evans and the refine-
ment of the
basic legislation which under-
pins major Federal programs
and, particularly, the legisla-
tion which has been put into
the statute books during the
past three or four years.
National Small Business
Association (NSBA), the ef-
fective voice of small busi-
ness in Washington, agrees
completely with Senator
Mansfield that there is a para-
mount need for Congress to
reflect on where it has been,
and where it is now, before
blazing new paths. By way of
example, NSBA calls atten-
tion to the legislation enacted
in 1962 called the "Self-Em-
ployed Individuals Tax Re-
tirement Act."
Self-Employed Retirement
Act Needs Revision
In pointing out the need for
review by Congress, L. M.
Evans, a past President of Na-
tional Small Business Asso-
ciation, says the legislation
obviously has not achieved
what Congress intended since
less than 10,000 individuals
out of an estimated Ave mil-
lion eligible self-employeds
have acted under the law.
, "The small business com-
munity is not unique in its
desire for private pension
plans," Mr. Evans says, "but
establishing this coverage is
far more difficult for the small
firm than for the large firm."
Evans, whose firm makes
electronic components in Fort
Lauderdale, Ftorida, insists
that "fair play demands that
the smafl business partner-
ship and individual proprie-
torship have the same equal-
ity under the tax laws as the
corporate form of enterprise."
Under the 1962 Self-Em-
ployed Retirement Act the
contribution limit is $2,500
and onfy one-half of the con-
tribution is deductible.
Keogh. Smatherr
Introduce Bills
Many members of Congress
are also convinced that fair-
ness for the small business
community requires the do-
ing-away of these limits and
making the self-employed's
contribution fully deductible,
and legislation along these
lines has been proposed by
Rep. Eugene Keogh (D-N.Y.)
and Senator George Smathers
(D-Fla.), and others.
NSBA, Mr. Evans says, en-
courages self-reliance rather
than reliance by the citizens
on Government. "The citizens
most needing private pension
coverage are small arms," ac-
cording to Mr. Evans, "and
the provision of the Keogh
Bill (H.R. 10) and the
Smathers Bill (S. 2272) allow-
ing full tax deduction for the
contributions made toward
the pension of the self-em-
ployed owners are sound and
urgently need enactment.
This would encourage the
owner-employer to establish
plans for their employees as
well."
Observe National Pofson Prevent/on Week
You may be sorry if you get lax
And leave detergent, soap or wax,
Drain opener, polish, ammonia, bleach
Within your curious toddler's reach.
For opening containers and talcing a lick
May ao much more than make him sick.
While even the toxic fumes can fell
The snooper who simply takes a smell.
You're only safe if you stash away
All cleansers 'till that happy day
Your toddler's reached five years of age
And passed beyond the curious stage.
And in the interim use exclusively
Baking soda which cleans conclusively.
In either solution or dry (to scour)
It's the only food with clcansing power.
Now during Poison Prevention Week
Is the time to start this new technique
Of cleaning with soda... a safety measure
That insures the life of your little treasure.
BET j) 'M MMt
H HE WOMW-fREE
FM 5 YEARS/SB,MM MMS
We warrant* every new Dodge we set) for five years or 50,000 mites. That's a tot of
HERE'S HOW DODGE'S 5-YEAR, BO,OOO-MILE ENGINE AND DRfVE TRAtN
V*"' confidently warrant! <11 of the followln:
vltd Jt* 1964 c*ra for ! yean or 50,000 mllea, whichever cornea first. during which time anv
"Mterfal and wortunanahtp wftl be replecad or repaired at a
Chryeler Motor* Corporation Authorized peater'a place of bualneaa without charca far auch n.ri. n.
^ hk^head and M*na! p^. hL u-anlfo^^^^^l^^
Mafnatpart! (axcapMtg mmme] ^dah). torque converter, drhe ahaK. anhena] w-h rear ada and
dMereHtial.andreaf wheat ba*Hm MMMD WAtMBtMCE IDafoOowht JaS^t^
awrttptred fader the emrr«ty-€^«^a ajftM p) avarr ! axmHp <* i mn
Corporettox Aathortnd Owatar awd faqweet Ma to oarUfy raoeM of )vMcnca and vnzr
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PEARMANMOTORCOMPANv
ALTO. TEXAS
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The Alto Herald (Alto, Tex.), No. 46, Ed. 1 Thursday, April 14, 1966, newspaper, April 14, 1966; Alto, Texas. (https://texashistory.unt.edu/ark:/67531/metapth215927/m1/3/: accessed May 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Stella Hill Memorial Library.