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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 1, 1957)
California Split Movement Growing Dunsmuir, Calil UPj Spread of the "superior Califor nia" movement into three nortn ern California counties has been revealed here by Carmen Flem ing, executive secretary of the secessionist movement. Fleming said chapters have been organized in Siskiyou, Shasta and Lassen counties and organizers are active in Modoc county. ' Fleming denied that the move ment to create a new state was extremist. He said John Adams, John Hancock and Thomas Paine were regarded as extrem ists in their day. "With southern California leg islators demanding water off the bottom of the creek. I see no so lution for the protection of water rights in the counties of origin other than by state division," Fleming said. He said the Tehachapis would be the "logical dividing line" be tween California and a proposed new state. The southwestern Oregon county of Curry has given moral support to the movement. 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Made from finest materials with exclusive Multi-Ply construction for longest life. s Only 3 Custom Quality CONVERTIBLE TOPS Two '42 thru '48 Chev. One '49 thru '51 Ford Reg. $50.00. Priced to clear at Convertible Soft Top Dressing 75 Reg. $2.00...... SALE PRICE I SEAL IT IT'S GUARANTEED Comes In colors to match your top. and Neutral. lyirk Canvas Lawn Furniture 314 EAST MAIN STREET Salary Paid During Editor's note: This is the firth aud last of a series of articles to help tax payers in making out their federal income tax returns. By RUSSELL C. HARRINGTON Commissioner Internal Revenue I Written for United Press Washington U.R) Income when you are sick or injured, income from dividends, and pen sion or annuity policy income are all subjects which continue to give taxpayers trouble in fil ing their federal income tax re turns. In this final article I shall try to answer the most frequent questions. Sickness and Injury: Accident or health insurance payments and amounts you receive as com pensation for your injury or sickness, are exempt from tax. Sick Pay: You may exclude from your income up to S100 a week of pay you receive under a plan which continues your wages while you are absent from wprk because of injury or ill ness. There are special rules which show up in the following ex amples: If you are sick at home for seven days or less, the pay you FEBRUARY for Month of February Only! $000 each 30 INSTALLED $2000 Reg. $16.95 Full Set Installed Reg. $14.50 Full Set Installed 35 00 Installed WILL NOT CRACK, PEEL OR HARDEN Green, White receive during your period of sickness, up to the limit of S100 per week whether you are sick for less than a week or for many weeks. If you are sick at home for more than a week without ever being hospitalized, the pay you receive after the first week may be excluded from your income one-fifth of your weekly pay (but not more than S20) for each day missed if you are on a five day week; one-sixth (but not more than S16.67) if you are on a six-day week. If you are absent from work because of injury, hospitalized or not, your pay for the entire time may be left out of your in come when you are calculating your tax: again, up to the $100 weekly limit. If you make any claims under these provisions, be sure to at tach a statement to your return to support the claim. Dividends: The law allows you to excludse the first S50 (or less) of dividends you received dur ing the year. It also allows you a credit against your tax, up to four per cent of the amount of dividends above $50. Generally 3 SARAN PLASTIC Seat Covers In any of th newest vivi-chrome col ors. Custom tailored by Howard Zink to add new car freshness and beauty to your car's interior. $17 50 Plastic Coated Fiber Seat Covers Genuine tiilor-m.de covers in the newest patterns and colors. Hand somely designed to look better and last longer. Heavyweight fiber with multi-layer plastic - coating. Double stitched throughout. No exposed seams or ragged edges. 51150 I Terrific Values On Other READY MADE SEAT COVERS $1100 from 1 1 FOR Extra Savings Do-lt-Yourself Install your own Seat Covers (and Save another $4.00! Hardware Famished NO EXTRA CHARGE We Give Green Stamps for all your seat cover needs Awnings Luggage TELEPHONE 2-4472 Sickness; speaking, these rules apply to dividends paid on the common and preferred stock of U.S. cor porations. They do not apply to so-called "dividends'" paid on withdrawable savings accounts at savings and loan associations, mutual savings banks or the like. Veterans administration d i v i dends on GI life insurance poli cies are not considered income for tax purposes. A few examples: A stockhold er received S40 of dividends last year on his stock in several cor porations. He reports this but need not pay tax on it, because the law lets him exclude up to S50 of dividends. Another stockholder received $110 of dividends. He reports the Sl'lO, excludes the first S50 and pays tax on the other $60. On the S60 included in taxable income, he can take four per cent of it as credit against the final amount of tax he owes that is, he can subtract that four per cent amount from his tax lia bility, and pay the remaining tax owed. Or take a man and his wife, he with $60 of dividends and she with S40. He reports $60, excludes S50 and pays tax on $10, and takes four per cent of that $10 as credit against his total tax. She reports and ex cludes her entire $40. She may not apply her unused allowance to her husband's excess, even though they file a joint return. U.S. Savings Bonds: If you report your income cn the cash basis, you do not have to pay tax on the interest until you receive it. In the case of "E" bonds, that is not until you cash them in, and then you lump the inter est in with the rest of your in come and pay the tax due on : the total. ! " Retirement Pay and Annui ties: First, let it be understood ; that you owe no federal income j tax at all on social security bene- j fits, railroad retirement act pen-; siono. veterans pensions, bene fits to families of veterans, or disability pay to military per sonnel who have retired. Provisions for other kinds of retirement income are somewhat like those for dividends: You need not pay tax on part of it and you may be able to claim a tax credit for some of the amount you do pay tax on. You need not be retired to enjoy these tax benefits, but in some cases you must be 65 or older. ... Generally speaking, any con tributions you made towards a pension through the years you were working comes back to you tax free. On the other hand, If your employer footed the bills, you are taxable for the payments as you receive them now. However, if you paid taxes on '"the con tributions as he was making them to your pension fund, or if you paid part of the cost, you may now receive tax free the portion you paid in or paid taxes on. Those are the general rules for pension or annuity income for which you are not taxable. The law provides rules for the amounts on which you do pay tax. Under certain conditions, it allows you a credit against your tax. The credit is 20 per cent of your retirement income, up to $240 per person. To be eligible for this credit, you must have reached 65 by the end of 1956 (unless you were a civilian employee of federal, state or local government, or a member of the armed forces and are receiving income under a public retirement system). If you are 65 or older, retire ment income, for the purpose Hornbrook School Bonds Are Sold e Yreka Bonds totaling $47, 000 for Hornbrook schools were sold to the Bank of America by the Siskiyou county supervisors this week. The bid was awarded after conferences with Horn brook school board members. The bank offer included $16, 000 maturing 1958 through 1965 at 5 per cent Interest, and the remaining $31,000 maturing be tween 1966 and 1982 at 4V4 per cent interest. Jacksonville Lions Net $69 for MOD Jacksonville The Jackson ville Lions club netted $69 for the March of Dimes last night when it sponsored a pancake supper at the Jacksonville Com-c munity hall. Lions club members did the cooking and serving for the sup per, which included pancakes, eggs, ham and coffee. In Portland, it's th e DAN MOO RE HOTEL A Home Away frorn Horjie. All rooms remodeled and refurnished . . Free Garage. Free T.V.'s in most rooms. Injury May of computing - your tax credit, includes pensions, annuities, in terest, dividends and rent. If you are under 65 and are a retired government worker, your only retirement income on which you can get a credit is that whicji you receive under a public re tirement system. In neither case does retirement income include money ynu are earning now, and it may be necessary to de duct part of your current earn ings in figuring out your retire ment credit. One further qualification: You (or your deceased husband or wife) must have earned more othan $600 in each of ten years prior to 1956. The ten years do rot have to have been consecu tive. Conclusion: I hope this series has been helpful. Here again are several points which bear repeating. File your return as early as you con. The 39c 18 in x 18 in. RUBBER MAT (Second Quality) FREE WITH EACH $5.00 DIIDPUHCC Excluding rununAOE tobaccos Save Your Register Receipts 59c TEK TOOTH BRUSH Less TEK'S check 60c Plus Stamp 3c COSTS YOU.... 2c You May Also Enter the Big $50,000.00 Contest 25c HEAVY DUTY RAY-O-VAC , FLASHLIGHT BATTERIES 2 for 25c CC AC CUT SIZE ' 18 in. x 25 in. Dacron Pillows Non-Allergic Won't Mat Pair $4.95 FORMERLY $39.95 Westinghouse Single Control ELECTRIC BLANKET Rose Green Blue $23.77 mnTriTI Lv J J sV . x A. J I I i M m 11 ADD FEDERAL EXCISE $1.65 HUDNUT ESSENCES I Vogue Gemey RSVP REVLON 1 FUTURAMA I B LIPSTICKS J K EM wh $4 35 A I jSt Refi" I up I ff ADAM'S RIB PERFUME SET SV.YmEDFORDS ORIGINAL PRICE CU77ERS) wsraCTraa .tiara Friday, February 1, 19S7 Be Tax Deductible deadline is midnight, April 15. Be sure you have figured your tax correctly, and have looked into all the angles which may LK CITY MARKET North Hiway 99 OPEN UNTIL 2 KLAMATH Potatoes 5K 95 .YHMl:2H;.:WK S ON CLEANSING CREAMS UmL and SKIN LOTIONS BEAUTY SET FOR DRY SKIN TUSSY EMULSIFIED CLEANSING CREAM tag. 8 or. S2.00. NOW SI .25 Rig. 1 01. $3-50 NOW $225 BEAUTY SET FOR NORMAL & OILY SKIN O TUSSY PINK CLEANSING CREAM leg. S Of. $2.00 NOW $1.25 S. 16 oz. $3 JO NOW $225 VITAMIN $5.95 RYBUTQL 1 1 vi Mr 2 BOTTLES of $5.95 Nutri-Caps 2 BOTTLES of $2.98 LIQUID Pleasant Tasting; Multiple Vit. Min. & I 50 Thrift Therapeutic Formula $1.98 YOUR CHOICE FAST TOP QUALITY LOCAL SERVICE In by 10:00-Out by 4:30 Regular Prices GENERAL ELECTRIC FLASH BULBS PK5 e Midget M2 ELECTRIC MIXER IERLT TRANSISTOR RADIO $37.95 HEAVENLY FRAGRANCES By Lentheric Dark Brilliance Tweed Shanghai Miracle Confetti S-'A-oz. Bottles Gift Packed.... $1.50 400 Sheet Boxes Kleenex 2 for 45e TAX ON TAXABLE MERCHANDISE MEDFORD (OREGON) MAIL TRIBUNE FIVE apply to you and may give you a lower tax. Our job is to collect every cent of tax which is owed, but no more. Half Way Between Medford and Central Point 10 P.M. INCLUDING SUNDAYS WEEK END SPECIALS GROUND I I BEEF 3 - 99' TUSSY DRY SKIN FRESHENER rtfrnhing tingl. you con fttl. Rg. 12 oi. $17$ NOW $1 TUSSY SKIN LOTION Rtg. 12 oi. $175 NOW $T SPECIALS HI Potency B. and Minerals $3.95 $6.95 $3.95 $6.95 $1.98 If 77 ij 1 e 100 Caps Hi Potency Multiple 100 Caps ORYITA B12 2 pints $3.49 Film Developing and Printing 2 DAY SERVICE Standard 8-Exposure Roll Contact 'bC, or Jumbo $1.10 89c Doz. Doz. $12.88 Portable.. VV hitman's Heart ' of Lucious Chocolates Mouth-watering assortment to melt her heart. $ 2 POUND BOX OTHER BOXES.. 65c to $5.00 FREE Late filing or errors can make it necessary to charge you in. terest or penalties. If you need more assistance, call on your Internal Revenue Service. No, IVx can Del Monte SLICED Peaches 2 55' $1 9.95-1 650-Wart THERMADOR Potable thcttie HEAT-FAN Heater NOW S17.45 ELECTRIC HEATING PADS By Northern Electric 3 Speed ... $2.89 3 Heat $4.95 HEAT LAMP Sr 98c SUPER ANAHIST TABLETS Shortens effects of colds in any Stage 98 NASAL SPRAY 98c COUGH SYRUP 98c RUB PENETRATING 98c Wide Selection 5c to $1.00 Cut-out Books 15c & 25c Coloring Books 25c 35 PACK with Envelopes 39c DELIVERY IN MEDFORD SO N. CENTRAL DIAL 3-5371 3 9tt3gtifl" Valentines