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About The Evening herald. (Klamath Falls, Or.) 1906-1942 | View Entire Issue (Jan. 31, 1921)
MONDAY, JANUAIU 81, 1031.
The Evening Herald
WEDNESDAY BARGAIN DAY WEDNESDAY BARGAIN PAY WEDNES
H J. MUIUtAY. JClltor
VRKI SOUlil) City Keillor
SAY, JONG'S, TJCD YOO GCT
Hits PlPCT X SSNT You
THE EVENING HERALD. KLAMATH FALLS, OREGON
I'VE GOT IT UiltH
Publlsliori daily except Sunday, by
Tho Hornld 1'ubIIahliiR Company of
Klamath Falls, nt 119 Klghth Stroot.
nte orncK tjaVi
O (3IG.MT HGK6 V
Kntorcd nt tlio postofflco nt Kin
tnnth Tnlls, Ore, for transmission
through tho malls ns second-class
MKMIIi:U OI' TIIK ASSOCIATKI)
Tho Associated l'ress Is exclusively
entitled to tho uso for republication
of nil now dlspntchos credited tn It,
or not olhorwlso credited In this
pnpor, nnd nlso tho locnl nows pub
V&fmi-TT''II-iililll I T"'T I J-
MONDAY, .lAM'AUY :t, 1H2I
Di- d3 -- M
li V 3 v-FS?J- U
THEN, LICHT IT OP
TUG OUV. STRONG. ONC
S.Ore OPT IV. 'JJS-
WASHINGTON, Jan. 31. Numer
ous Inquiries have been received by
tho Bureau of Internal Rcvcnuo con
cerning tho Items to bo Included un
der "gross Inconio" In tho 1920 In
come tax returns. .Correct under
standing of tho term Is of paramount
Importanco to tho taxpayer, as It Is
tho baBls upon which tho return Is
Income Is defined by tho rcvcnuo
net to Include "gains, profits, and In
conio derived from snlarlcs, wages,
or porsonnl compensation, or from
professions, vocations, trades, busi
ness, commorco, or sales or dealing in
property; also from Interest, rents,
dividends, securities, or In tho tran
saction of any business carried on for
gain or profit, and Incomo derived
from any sourco whatever." Practi
cally overy dollar received by tho tax-
nnvrr rtnrlntr Ihn vpar 1920 mint tin
shown In his return as gross Income.
WEATHER RECORD I
Iloreaftcr Tho Herald will publish
tho mean and maximum tempcrn-
turcs and precipitation record as tak
en by tho U. 8. Reclamation sorvlco
station. Publication will cover tho
day previous to tho paper's Issuo, up
to 5 o clock of tho day.
JCSTICK TO 1I.WK OKKICK
I.V TIIK OLD JL'ltY It(K)M.
In arriving at net Incomo upon which
tho tax Is assessed, tho taxpayer Is
allowed certain specified deductions,
such ns business expenses, lossos, and
AVngo lZnrocr'u Tnx Itetuni.
Taxpayers may bo divided Into
four general classes tho vjago earn
er or salaried class, business, profes
sional, and agricultural. Any form of
compensation for personal services
rendered by tho wage earner is In
come, Including salaries, wages, com
missions, fees, nnd bonuses, pensions
paid rotlrcd omployeos. and tips. Pay
ment for pysonat services may bo
psld for partly In cash nnd partly In
board and lodging. In this event a
fair valuo must bo placed on tho
room and meals, and the amount re
ported as Income.
Promissory notes received in pay
ment for services, and not merolyns
security for such payments, consti
tute Incomo to tho amount of their
fair market valuo. When services nro
paid for In something other than
money, tho fair 'market value of tho
thing taken in payment Is tho amount
"lo bo included as incomo.
If the services wore rendered at n
stipulated prlco in tho absenco of
evidence to the contrary such prlco
will bo presumed to bo tho fair vol
o of tho compensation recolvcd.
Compensation credited to a taxpay
er's nccount and subject to with
drawal must bo reported as Incomo
whether actually received or not.
Tho gross Incomo of tho usual bus
iness consists of tho gross profit on
sales, together with Incomo from
other sources. Tho return must show
tho gross sales, purchases, and cost of
goods sold, To reflect net Income cor-
"VecUy and to ascertain gross Income
Inventories aro necessary at tho bo-
glnnlng and end of each taxable year.
Tho lawyer, doctor, architect, ac
tor, author, dentUt, clergyman, and
other professional man must includo
In his roturn of gross Incomo all foes,
salaries, and other compensation for
rtelurn Ily Fanners
The farmer Is required to roport as
gross Incomo all profile derived from
tho sale or exchange of farm prod
ucts, Including crops and llvo stock
whether produced on tho farm or
purchased and resold. Whero farm
produco Is exchanged for groceries,
merchandise, or other articles tho
fair market value of tho article must
bo roported as Incomo. A farmor who
rents his farm on tho crop-share bas
is must report such Incomo for tho
year in which tho crops aro sold. Pro
fit derived from the salo or rental
of farm lands must bo reported.
Within the meaning of tho rcvcnuo
act tho term "farm" includes stock,
dairy, poultry, fruit, nnd truck
farms; also ranches, plantations, nnd
all land used for farming operations.
Individuals, partnerships, or corpor
ations that operate or manago farms
for profit, either ns owners or ton
ants aro designated farmers.
Jan 3 ....
Jan 4 ....
Jan 0 -,.....
Jan 7 ....
Jan 9 .l....
Jan 16 ........
Jan 1 ?.....
Jan 29 .
Jan 30 ........
Max. Mln. clpltatlon
45 3C 23
31 27 SO
25 4 ,
39 17 '
29 7 r- '
30 " 20 ' 07-
. 39' 30
34 25 "
41 25 10
33 30 10
33 30 13
Justlco of tho Poaco Onghngcn Is
counting tho days boforo ho can inovo
Into his now offlco In tho Jury room
of tho old court house, It having been
decreed that District Attorney I) row
er Is to have tho room now occuplod
by Mr. Onghogcn for uso as a con-'
At tho present tlmo tho Wilson
Abstract company has tho old Jury
room filled with county records, and
paraphernalia for photogrnphlug
them, and tho justlco of tho poaco
will movo in as soon ns Mr. Wilson
i't'..i,i:i) nv itoni.vs.
A largo number of robins havo
been seen In this city since yestorday
morning, and tho belief Is that they
wero drlvon north by tho south winds
which prevailed for about 24 hours.
This Is about two months carllor than
the tlmo thoy usually arrive, and
their arrival has been tho subject for
much discussion by people who havo
devoted uomo study to tho habits of
jHr toward real
ASr food economy
jMKr when you bo
JabT Kin to servo
m Del Momtb
The Big Stage Set for March 4
(Let's ship the old front porch to Washington)
"I Bpoko frequently last summer from tho front porch of my homo,
nnd tho nudlonces stood to hear mo amid accommodations loss comfort-
ablo than tho capltol .stops." Harding.
426 Main Street
STAR NAPTHA WASHING POWDER
Bargain Day Price 2 for 15c
MI W G I.
412 Main Street
Sager Hand Made Handled Single Bit Axe
lU'Kuliir Prlco $IUM
Bargain Day Price $2.25
DEER HEAD GRILL
619 Main Street
Short Ribs of Beef and Brown Gravey
Bargain Day Price 40c
J J. L EHEBS & CO. '
Sixth and Main Streets
10 LB. BLUE LABEL KARO SYRUP
Itvftuliir I'rlro ttl.iW
Bargain Day Price $1.05
. UiB RILE STORE
411 Main Street
ALL LINEN CRASH TOWELING
Itcgtilnr I'rlro Jil.
Bargain Day Price 5 yards for $1.00
1016 Main Street
Bargain Day Price 35c
806 Main Street ' '
ItouIar 1'rlco V .00
Bargain Day Price 69c
Bargain Day Price .. .
Bargain Day Price
K. K, K,
Seventh and A
Men's Heavy Wool
Itrxulnr 1'rlrn ....
Bargain Day Price ..
I. P. I
llrmil.ir I'rlrn t'mi
Bargain Day Price
6th Street Between
Itf'Kiilnr Vrlai lur
Bargain Day Price 1
Main q,nd Thi
ItcKiilur I'rlro lb.
Bargain Day Price lbj
1018 Main Street r
IleKiilm- I'rlro 100 .ll fl.li.1
Bargain Day Price $3.25
ItOKiilnr I'rlro Ikz. ........
Bargain Day Pric?
Bargain Day Price
WEDNESDAY BARGAIN DAY WEDNESDAY BARGAIN DAY BARGAIN D