X
Official Taper of Box Butte County
TWICE A WEEK TUESDAY AND FRIDAY
Official Paper of the City of Alllane
VOLUME XXIX
SECOND SECTION ALLIANCE, BOX BUTTE COUNTY, NEBUASKA, FRIDAY, DECEMBER 16, 1921.
No,
!New Law Makes
Some Decrease
In Income Tax
"Enactment of new revenue legis
lation," says Collector A. B. Allen,
in a statement just issued, "has
fcroupht to' the office a flood of in
quiries regarding various provisions
of the new law that went into effect
on November 23, 1921.
"To avoid error in the preparation
of their returns and later difficulties
with the bureau of internal revenue,
taxpayers are advised to carefully
note the changes and when they be
come effective.
"The excess profits tax is repealed
as of January 1, 1922.- The rates for
1921 are unchanged.
"The surtax rates for the year 1921
are unchanged, and range from 1 per
cent on the amount of net income be
tween $5,000 and $0,000 to 65 per cent
on the amount of net income in ex
cess of $1,000,000. For the calendar
year 1922 the surtax rates range from
1 per cent on ' the amount of net in
come between $6,000 and $10,000 to
50 per cent on the amount by which
J the net income exceeds $200,000.
I "The exemption allowed for a de
pendent is increased from $200 to
$400. Married persons living with
husband or ' wife and heads of fam
ilies are allowed a personal exemp
tion of $2,500 (instead of $2,000) un
i less the net income is in excess of
5,000, in which case the personal ex- j
I emption is only $2,000. The act pro-'
vides that in no case shall the reduc-
I tion of the personal exemption from
I $2,500 to $2,000 operate to increase
the tax which would be payable if
the exemption were $2,500 by more
than the amount of the net income
in excess of $5,000. This is to over
come the disparity in the case of two
taxpayers, one of whom is Just within
the lower $2,000 exemption and the
oth 'r just within the higher $2,500
exemption.
"Single persons and married persons
not living with husband or wife, are
allowed an exemption of $1,000.. Non
resident aliens are allowed a single
personal exemption of $1,000. Persons
having gross incomes for 1921 of $5,
000 or over are required to make a re
turn, regardless of the amount of net
income.
"Provision is made for the repeal as
of January 1, 1922, of the tax on stock
holders of a personal service corpora
tion as such. After this date such
corporations are to be taxed in the
same manner as other corporations.
"The income tax on corporations for
the calendar year 1922 and thereafter
is increased from 10 to 12i per cent.
The $2,000 exemption heretofore al
lowed corporations is to be granted
oaly to thipse corporations whose net
income is $25,000 or less.
"Many persons are under the im
pression that the taxes on ice cream,
soft drink, etc, monthly returns of
which are required, have been re
pealed with the enactment of the new
act. These taxes remain in force un
til the end of the calendar year 1921.
"No change is made in the tax on
admissions, except that after Jan
uary 1, 1922, there will be no tax
where admission is 10 cents or less.
Effective January 1, 1922, the follow
ing taxes are also abolished; on mu
sical instruments, ' sporting ' goods,
chewing gum, portable electric fans,
thermos bottles, fur articles, pleasure
boats and pleasure canoes (unless
sold for more than $100,) toilet ar
ticles, medicines and numerous ar
ticles of apparel.
"On and after January 1, 1922, the
tax on various works of art is reduced
from 10 per cent to 6 per centj, the
tax on candy from 5 per cent to 3 per
cent and the tax on carpets, rugs,
trunks, valises, purses, fans, etc., from
10 per cent of sales price in excess
of specified amounts to 6 per cent of
sales price in excess of specified
amounts'.
"The tax on parcel post packages is
eliminated effective January 1, 1922.
"The new act provides that no tax
payer shall be subjected to unneces
sary examinations or investigations,
and only one inspection of his books
or accounts shall be made for each
taxable year
Omaha Man Will
Explain the Dairy
Cattle Project
E. M. Little of Omaha, a member
of the chamber of commerce commit
tee of that city which was appointed
to encourage the farmers pf Nebraska,
to go into the dairy business as oa
means of making farming profitable
will be in Alliance tomorrow, accord
ing to word received by J. S. Rhaia
late this afternoon.
Mr. Little spoke last night at Scott
bluff, where his explanation of th
dairy cattle project aroused consider
able enthusiasm. Arrangement a re.
being made for a dinner at the chain
ber of commerce Saturday noon,
which the plans will be explained,
The Greatest Money
Saving Event
, of the Season
(brOMeil
Ml
tor
Newest and Most Up
to-Date Garments at
Less Than V-Price
i!
9
R
W
at a Fraction of It's Value
..-.' 4
' . ' ' .'.'''' ' , '
'" ' . ' , -, (' - - ' - ' i
A FRACTION OF ITS VALUE is what we mean Every Garment has been priced REGARDLESS OF COST. In a great many of them
the lining is worth more than we ask you for the Entire Garment. .For instance, you can buy Dresses that sold for $18.00 for $6.95; Dresses
that sold for $35.00 at $14.98; Coats that sold for $15.00 for $4.95; Coats that sold for $25.00 for $9.95; Coats that sold for $40.00 for $16.75;
Suits that sold up to $40.00 for $16.75. y . '
Sale Begins Saturday Morning, Dec. 17---Be Here
The LOWEST PRICES on COATS the Town Will Ever Know
' The NEWEST COATS at LESS THAN HAL PRICE Never before or ever again will you be able to buy COATS for so little money.
WOMEN'S COATS . WOMEN'S COATS WOMEN'S COATS WOMEN'S COATS
ACTUAL $15.00 VALUE That Sold Up to $25.00 That Sold Up to $40.00 That Sold Up to $50.00
For For For For !
$4.95 $9.95 $16.75 $19.75
....
DRESSES at Prices So Low That You Will Buy Several
Every woman can have a distinctively styled DRESS for the Holiday Season and save more than half. The styles are the Smartest
Models. They come in Tricotines, Canton Crepe and Crepe Black Satins.
DRESSES , DRESSES DRESSES
rr?T .That Sold Up to $18.00 ivii. . That Sold Up to $35.00 - That Sold Up to $45.00 rr
yj. ! For For W A. . For
$6.95 ' $14.98 ' $19.75
BLOUSES
Georgette, Crepe de Chine
Blouses, That sold up to
$10.00 for
$3.98
MILLINERY
Women's Hats that Sold up to
$15.00 for
WOMEN'S SUITS
The NEWEST and MOST UP-TO-DATE SUITS at PRICES that
Will Astonish You
71
- .'
.
Women's fruits
That Sold Up to $40.00
Women's Suits
That Sold Up to $50.00
DRESS SKIRTS
That Sold Up to $7.50
$2.49
DRESS SKIRTS
That Sold Up to $10.00
$3.98
DRESS SKIRTS
That Sold Up to $16.50
$6.98
For
$16.75
For
$19.75
$1.98
So
tin
