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About La Grande evening observer. (La Grande, Or.) 1904-1959 | View Entire Issue (Dec. 21, 1921)
Wednesday." December 21, 1921 f.A GRANDE EVENING OBSERVER c I i I CHANGES INTHE is just within the lowpr $2,000 exemp. tlon ami the other just within the I higher 2,rU0 exemption. "Single persons, and niarrie:! per sons not livinp with husband or wif are allowe dan exemption of $1,IHM ersons having gross income for 1921 of 5,000 or over are required to make In return, rcpanlless ot the amount Collector of Tlrtorilill Peve-!f net income. INCOME TAXLA' 1: imp Calls scw Law. 'Attention tol "The excess profits tax is repealed ns of January 1, 1922. The rates for !1921 are unchanged. innTiAvn i on .1 Fur the calendar year 1922 the sur- PORTLAND, Dec. 20.-F..r the rales ran(fe fro, l pcr ccnt 0 the formation and assistance of taxpayers 'amount of net income between (i,000 in preparing their income tax return j and $10,000 to 50 per cent on the for the year 1921, Clyde 0-. Hunt-amount by which the net income ex ley, Collector of Internal Revenue, to- jl'eeds ?-c0.000- day gave out a statement in which he' '"Provision is made for the repeal as , i of Januarv 1, 1922, of the tax on briefly discusses the material pro- istl)ckhoKleiS of a personal service coo visions of the 'new revenue ai t and Iporation as such. After that date such points out wherein those provisions i corporations are to be taxed In the differ from the act under which laatjsame manner as other corporations, year's returns were made. I "The income tax on corporations for "The exemption allowed for a de- the calendar year 1922 and thereafter pendent is increased from $200 to .is increased from 10 to 121 per cent. $100.00," explains Collector Huntlev. The $2,000 exemption heretofore al "married persons living with husband lowed corporations is to be granted or wife, and heads of families are n'.-lonly to those corporations whose net lowed a personal exemption of $2,500 j income is $25,000 or less, (instead of $2,000) unless the net in- "Many persons are under the im come is in excess of $5,000, in which iprcssion that the taxes on ice cream ease the personal exemption is on'yj.soft drinks, etc., monthly returns of $2,000. The act provides that in no which are required, have been repeal caso shall the reduction of personal I ed with the enactment of the new exemption from 52,500 to $2,000 oper I act. These remain in force until De ate to increase the tax which wouldjcember 31, 1921. be payable if the exemption were $2,- "No change is made in the tax on 500 hy more than the amount of the admissions, except that after January net income in excess of $5,009. Tliii. 1, 1922, there., will be no tax where is. to overcome the disparity in the 1 admission is 10 cents or less. Effec case of two taxpayers, one of whomltive January 1, 1922, the following I taxes are also abolished: on music i instruments, sporting goods, chewimr fi'um, portable electric fans, theimos bottles, fur articles, pleasure boats and pleasure canoes, (unless sold fo more than $100), toilet articles, medi cines, and numerous articles of apparel. i "On and after January 1, 1922, the i tax on various works of urt is reduced 'from 10 per cent to 5 per cent, the tax 'on candy from 5 per cent to 3 per cent and th tax on carpets, rugs, trunks, valises, purses, fans, etc., from 10 per cent of sales price in excess of specified amounts to 5 pcr cent of 'sales price in excess of (specified imounts. i Vto Red Seal , Records at 20 per cent sliunt. Kuslern Oregon Music Compaq 12-21-4I CHRISTMAS PLANTS. 'Peautiful assortment of bloominjr plants. Much morcpatisfactory for a gift than cut flowei and all at rea sonable prices. Birpd Holly has ar rived, Cherry Florists : - 12-20-tf ItEAll THE, WANT ADR! ABSOLUTELY FREE Complete Set of Eureka Vacuum Cleaner Attach ments with Every Piuvhaso of the Grand Prize E U R E K A Electrid Vacuum Cleaner ! FOR FREE TitlAL Phone Main 104 W.. A. BEN HAM New Foley Bids,, opp. Post Office Why Why Why DO ECONOMICAL PEOPLE BUY OUR COAL? DOES OUR TRADE INCREASE DAILY? DO OUR CUSTOMERS ALWAYS STICK TO US? Aber "Permanent na the Pyramids" CONCRETE PIPE COMPANY Manufacturers , CEMEN11 PRODUCTS sewkr Axr wferFJt pipe culvert pipe HOIJX1W III.OXK CEMEXT SILOS WEIiL (-UIUIImmADK IN SECTIONS UOI.LOW UL'IlJMXa BLOCKS PHONE MAIN 120 l'octory tlslnnd City ill lift. Jab 22s een Coal A TRIAL ORDER WILL TELL YOU The American people are a great people whose passion is to get results. Therefore, we have installed one of the hest, equipped switchboards obtainable for the express pur pose of giving you the best telephone service. V Gaff's Carr's Where your Credit Is Good JJsi COMPLETE HOME FURNISHER Home Independent Telephone Go. ' Sawyer V 7 oimes Mercantile Co. Phone Main 17 IT'S A SUCCESS The Metropolitan Family Stylo Wet Wash Laundry washes your clothes In Individual machines, thereby reducing the possible' danger of tearing by reducing the weight. Our average wash is as clean as crystal. vWe use no bleach caustics or anything injurious to clothing. We wring the clothes by centrifugal force at high speed until just damp, 30 pounds or less, 75c. Saye your fuel, time, hands, and health. Spare your family more of your time and see if the world won't ho brighter.' Call Mondavs and Wednesdays, l'lione 14S1M. THE METKOI'OIjITAN 4'AMILV Si'VliK WET WASH LAU.NDKX, Jjii Grande, Oregon. Furniture Exchange COMPLETE HOUSE FURNISHERS ED DONOHUE, Trop. Phone, Black 1241 Fir & Jefferson LA GRANDE IRON WORKS MACHINEYSHOP AND FOUNDRY All kinds of machinery, -automobiles and tractors re paired, overhauled and rebuilt Ascetylene welding f all kinds. Cylinder boring andVverize pistorw. Crankshafts, Pistons fhjdjPiston Pins reground. Give ns a trial D. FITZGERALD, Prop. Take Her the Latest "Siioer-Features" Kranri nr . fresh from Broad ratrhv tnnpfltV ttav I EverVOtlC Will be whistling thm in a weckV-why tU. r.rrf leirn til Am ft Slop and select ftrie or wo Brunswick Cr..r-Pntiiro RprnitU and taks them ud tonitrht. Most eirls ould a lit rather have the newest sone Hits than k box of candy. V The Latest Broadway Hits We have just received a large shipment of urunswicks. December Records Now on Sale EASTERN OREGON MUSIC CO. READ THE WANT ADS M . - - - , SAVE MONEY and get the best quality goods by purchasing your X-mns presents 'from: J. IL Penre and Son. We have a large stock of blue white diamonds which wc aro going to sell at lowest )fsible prices, quality considered. You can sec the best selection of Ladies wrist watches in Eastern Oregon by calling on us. Welders of All Metals TEE BEST EQUIPPSD IN EAST OREGON Cylinder Regrinding Crankshift Regrlndlng Pistons.- Piston Rings, Piston Pins CuH and Tictur of All Makes Overhauled Macbiae Work of All Kinds W T& squlpped and mtnned by experts for the abova work LEIGHTON'S WELDING AND MACHINE WORKS K. W. Leighton, Prop. A Gift of Usefulness Waffle Iron- Curling Iron Grills Urn Sets lmdoir Sets Hot Point and v i A .'lectrical appliances Percolatjors Toasters Chafing Dishes Warming Pads Adjusto Lights nlcrican Quality Irons X-nias Tree Lights 1. ! rrvv MB cfl -a i4m Wc can promise Am almost any article you need in Silver ware, cut glass, Yitchcs. clocks and jewelry at lowest possible prices. us before purchasing elsewhere for GIFTSvTHAT LAST H. &S. ELECTRIC CO. 10.') l)op,t Stre. t. , Phone 393 W H. P eare ck S on La fJrande's Lending Jewelers and Optometrists Kstublislied.l89J. r I! II t i
