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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 21, 1943)
PAGE FOUR HERALD AND NEWS. KLAMATH FALLS, OREGON Auffunt 21, 1043 ' ' M$mb$r of 1 TI AWOCTATID Pltll ' Tht Avsoelatvtf Prn U 'cxcln tvdy entltltd to the uh of r- . i oubl (cation of all r dlnitcnet err!ttrt to I of not otnenrlio ordlttd In thli putxr. and lw the local iiwa Quhllshtd therein. All right of republication of " tpedal dUpitehu art alto f ' ; FRANK JENKINS : '. Editor . This Withholding Tax (Editor's Ket.1 tffMM ol tlio ln(ne InUrt, rollplml Uji torn rol.iinlltr,llTi ud condition, ronrmn i tlv "J Ini tu, ' prMMit hwwltri n rtlcl on lht MiW' .r Mitchell Tlllotwn. Iocl bnkr unit former iwwipni-er nun. Mr. TI1Io!m U mnnasff ol th. Klimtth branch ol tin Fir.t Nitkwl bund.) , By MITCHELL TILLOTSON THERE "has been considerable confusion in the minds of both employers and em ployees regarding the federal withholding tax. This confusion will probably continue for some time, or until taxpayers and employers have had ample time to . digest the provisions of the law and the rulings of the department. ' The first thing which must be kept in mind at all times is that the withholding provisions of the law are merely a method of collection and that, the money so withheld does not necessarily liquidate the taxpayer's liability to the government. : ' ! Persons receiving salaries and wages will have 20 of that amount of income which is over their exemptions not their total deduc tions withheld by their employer and immed iately paid to a bank which in turn must im mediately' transmit the money to the United States Treasury. Remember THIS DOES NOT LIQUIDATE YOUR TAX LIABILITY. ' While these funds will be credited against your tax liability, they may overpay it or they may underpay it. You must therefore in most cases make a return quarterly of your estimated Income and pay any amount estimated to be due, proportionately, for the quarter covered by the return. In case any taxpayer has questions which are not entirely clear it is best, of course, to consult someone who is familiar with the pro visions of the law and is capable of advising him regarding the entire matter. However, there is only a short time before the first estimated return must be filed and a few fundamentals should be kept in mind. ;In the first place, the fact that your em ployer has deducted a certain amount from your pay and has paid that amount to the government does not relieve you of the re sponsibility of filing an estimated return on September 15th. These returns must be filed by all unmarried persons having salary or wages for the year 1942 or the year 1943 whichever is greater of $2700.00 or more and by married persons receiving salary or wages for either of these years whichever is greater in excess of $3500, Also, regardless of the amount of salary or wages received, and re gardless of the deductions made by .the em ployer, you MUST file the estimated return if you had income OTHER THAN SALARY OB WAGES in excess of $100. Includes Businessmen ; IT WILL readily be seen that this .category includes all persons operating businesses of their own regardless of the amount of their net income, including farmers. Heavy penalties are provided for failing to file these estimated returns, but, fortunately, the return which must be, filed on September IS can be corrected by the estimated return which must be filed on December 15. Heavy penalties are also provided In case the estimate of income is incorrect by more than 20. It will be seen that by these pro visions congress has arranged for all taxpayers to: pay on a current basis, whether they are drawing salaries or wages or are operating businesses of their own. In filing these estimated returns it is well to keep one other fact clearly in mind if your estimated income for the year 1943 is less than your net income for 1942 as shown by your lasjt return, then the 1942 income is controlling as a basis for the tax. Another popular misconception of the pres ent law Is that the victory tax has been re pealed. This is not the case. The victory tax 1 and other rates applicable this year are the same as last, for the ordinary taxpayer, but the government has figured that by collecting 3 per cent to apply on victory tax and. 17 per cent to apply on income tax after exemptions the average taxpayer would have just about met this tax liability to the government by the end of the year. ' In Case of Overpayment OF COURSE this could not be true in all cases. You may even have overpaid your taxj This will develop when you make your estimated returns or when you make your final ' return next March 15th for the year 1943. If you have overpaid your tax bv havine 20 deducted from your salary it will be returned to you in case such overpayment does not ex- ceed $1000. If your deductions your tax liability then of course you will have to pay the balance at date of final return un less it has been accurately remitted at date of the estimated . returns on September 15 or December 15. , A great deal of objection Is being voiced by employees against these deductions. It is even alleged that some employees are quitting their jobs on this account. It is well to remember that, by and large, it makes no difference where you work; if we . draw salaries or wages we are going to have to bear our proportion of the tax burden. And .it does no good to cuss the employer. . His burden has merely been In creased by making him a tax pnllBrtr.r tnr Uncle Sard. He does not get a cent of the money, nor does he get to keep a cent of it Ion Pnn,,h- t u. it To Cui "y.-gooa. in tact, activity in the community's newspaper, ha K"! ' th5, dae 0f payment We are Pro"d Klamath's bond buying per if D.l . ad.vand about five days in order formance, In comparison with the rest of the dtetion compute and pay the de- state, and it might be permissable to quote from TlW i 8 letter from Randolph T. Kuhn, advertising Jrt!L 8S, y? been time for enouS" specialist of. the war savings staff in Port experience accurately to determine how much land. He wrote: throtitrJZ"!8 Pfid fr!ri hi8 county " notice that a8aln the .Klamath Falls through th withholdlnj tax, but preliminary Herald and News led all newspapers In the A temporary comblnatton of tho Kwolm Bcrald r4 . tht Klamath New. Publlihed aw? aftaroooa txupl Sunday at Raplanada and Pln tftt. Klamath Fill, Onion, by tht HrM liit uhlne IV and Ui Klamath Kewi PublUblnj Oompany KnterM at RMond data matter at tha pottofflca of Klamath Fall. Ore., oa Aucuit to, 1900 under act of conirew, March a. 11:0. au, everyone Is doing a job these days, not because he likes it, but to get it over with and to reach a sane and peaceful time again. Manufacturers, ' all along, have maintained research and postwar planning departments. We hear stories now that these departments, from necessity small, are receiving more attention. Advertising lime is "right." Actually, the duck hunter eat. so out or. practice.) have not met caI1 many' AC EPLEY ITI war bond 1 " . " " .. Mtmbtr of Audit Buiiad Or Cncvumox Repreieotfd KaUooally by Wuy-Hoixxdat Co. Ikc 8n Francltfo, Jfew Tork, 8a ttla, Chicago, Portland, Lu An fit lea. MALCOLM EPLEY Managing Editor figures Indicate that the annual amount will approximate two and a half million dollars. Banks Collect Money ALL of this money must be computed by employers and paid to the banks which are the duly appointed collection agencies. The banks must remit these funds immediately in most cases at the close of the same business day to the government. Preliminary estimates also Indicate that this method of collection will produce much more in taxes to the government than was originally . estimated, without increasing rates. If this is finally determined to be true it is safe to assume that the withholding tax will be with us for many years to come and that employers and banks will be in the tax collecting business until federal expenditures have been drastically reduced. In other words it begins to appear that the only way to get rid of the withholding tax is to cut government expenses and to cut them radically. This can never be done until the federal debt has been reduced to a nominal amount. Advertising Roundup By DELBERT ADDISON WITH our side steadily edging into the win column, part of our attention, rightly enough, is directed to postwar prospects. After 17 m We read of marvelous new ADDISOW discoveries frem the war that will be applied to peace-time production. We talk with so-and-so, whose uncle works at such-and-such and somebody told him of the miracle gadgets that will be made there when it's over. As a result, all of us have taken to dream ing of these miracle gadgets that will be at our finger tips when it's over. This dreaming has -grown to such proportions to scare the socks off the hard-boiled, individuals who will be responsible for the building of them when the iay does, arrive. j - From Alfred P. Sloan on down, these men have risen up to give us a word of warning. "Keep your shirts on," they have said in effect, "it will be a long old pull until it IS over. It will be a long old pull until we get Into any, kind of peace-time production. And after that it will be a long old pull to complete research, test, produce and market the new miracle gadgets." ' . . . . Wait for the Whites of Their Ads THE day dreaming Js all right, if it is kept on the basis of dreaming, and if it doesn't interfere with keeping our present equipment working. ' Don't start figuring on any of the new things until you start reading ads about them in your own paper and then read the ads carefully. You already have read ads about the first new product to come out of the war synthetic tires. And if you read the ads carefully, you won't expect them in any quantity until 1944, and under certain conditions you won't expect themto stand up -to quality of the best pre war tires. Still, with the first ads about the first of the war production miracles, there's hope. Wait 'til you see the whites of their ads, forget the rumors, and you won't be disappointed. Saves Identity AND that brings up the fellow who is mark ing time on his advertising (and kindred progressive activities) until it's over, and the time never is just "right." The who waits for the perfect day and we perfect bird, coming in at the perfect angle, doesn't get much shooting nor many ducks to (And if he ever does hit this just "right" setup, he'll probably miss anyway, from being We've heard the tale repeated, time and again lately, about the well known names that never came back after cutting off advertising during the first World War. They really are foreolten. for off-hand even an advertising man can't re- Let's see there were the Gold Dust Twins. latimas, Sapolio ... ' Anyway, it doesn't matter. The point Is, most retail advertisers feel far divorced from the big name manufacturers. But the same principles apply, in part at least, to every little Main street store. If advertising does nothing else, in times like these, it identifies the advertiser as being pro gressive, and more important, as having the public's interests in mind. Performances on War Bonds . quoted Forrest Cooper of the savings outfit as saying that bond performance of a community could be vCring ana eauonai The War Today By DtWITT MacKENZIE By DeWITT MacKENZIE Just before I sat down to write this column a New York banker stopped me in Rocke feller Plaza and asked the ques tion wnicn seems to be fairly seething in every mind, and certainly was occupying my tnougnts as I walked along the street. "Do you believe the western allies will be able to set ahead with the big job the invasion or France this year?" he said, I took that jump cautiously. for it's one of those spots where you, can haye a nasty spill. Invasion Possibl "The indications are that it's possible," was my reply. "One might make it a bit stronger and say it's even probable, but there's nobody outside the allied high command who can give a definite answer to that right now." So that's precisely the way this momentous issue stands. We must wait and see, but I believe we shall get fair advance warn ing of any invasion of western Europe. Bombardment That will be In a terrific bombardment on the invasion coast from the air, and perhaps from the sea as well. The Ger man coastal defenses will have to be paralyzed before we can drive the noses of our barges up on the beaches unless we axe prepared to see the tawny sands turned crimson. When that moment arrives we are likely to get a solution of the mystery of where the nazi boxer force if any has been hiding out these many moons. Many observers Incline to the idea that Hitler has been hold ing his badly depicted fleet in reserve for just this great emergency upon which hang the immediate fortunes of Germany. Logical Assumption That strikes me as a logical assumption. While we don't know the exact condition of the nazi air navy, we do know that some time ago the nazis cut their bomber production down to a skeleton In order to per mit the manufacture of more fighter planes. This means, of course, that the nazis have gone on the defensive, since fighters are a defensive weapon. Pending the time of Invasion, the Anglo-American allies are going ahead with their job of softening up Germany by bomb ing of an intensity and de structive' power never before seen. We thought the Hltlerian blitz over England in 1940-41 was terrible and it was but it was mild as compared with what the boche are getting now. Impotent Industry .- , - As London indicated the other day, Hitler's basic war indus- state in war bond advertising during June. You led the state in both number of advertise ments carried and in lineage this . includes the Portland papers." The letter should have been addressed to the Klamath Kl- wanis club (which sponsored the June drive) as there would have been little editorial matter "to write, or few ads to set up. without lively, aggressive back ing of the bond program. September will bring the greatest advertising campaign the world has ever seen the Third War Loan. Forceful Argument for Fencing LIVESTOCK PORTLAND, Aug. 21 (AP. USDA) Cattle: for week, sal- : able 2735; calves 225; compared i week ago, better beet cattle i steady, some cows strong, dairy type cows weak to 50c or more lower; all cutter to common cattle slow; load good fed steers $14.70, few best grassers $13.50 14.00, bulk grass steers $11.00- 13.00, common down to $9.00 stockers $9.50-11.00; good spayed heifers $13.00, other grassers mostly $10.00-11.50, common down to $8.00; canner and cutter cows $4.50-6.50, few $4.00 late; medium to good grass fat beef cows $9.50-11.25, top $11.75; medium to good bulls $9.00-11.00, cutters down to $7.00; good to choice. vealcrs $13.00-14.00, few $14.50. Hogs: for week, salable 3035 compared week ago, narket 50c higher, extreme top $15.90 sparingly, late bulk 180-230 lb. $13.75, early top $15.50; good sows $11.00-50, good to choice feeder pigs $14.50-16.50. ' ' Sheep: for week, salable 5285 (highest for any week since last week of August, 1940); com pared week ago, fat and feeder lambs steady, common slaugh ter lambs weak, slaughter ewes 50-75c lower, some sales $1.00 off; good to choice springers $11.50-75, extreme top $12.00; feeders $9.00-10.50; common lambs down to $8.50; yearlings $9.00-11.00, common down to $7.50; good ewes late . $4.75 5.25; early top $8.00, : common down to $1.50. ,; CHICAGO, Aug. 21 (AP-WFA) Salable hogs 300; total 4300; nominally steady; not enough good and choice hogs on sale to make a market; quotable top $15.00; compared week ago weights under 240 lb. 15-25 cents higher; weights over 240 lb. 40-65 cents higher; sows 50 cents high er. .Salable cattle 600, calves 100; compared Friday last week: Fed steers and yearlings, including yearling heifers, steady to 25 cents lower, mostly steady to weak; beef cows strong, but can- ners and cutters 25.40 cents higher; weighty sausage bulls steady, all others 25 cents lower; vealers fully steady; stock cattle strong to 25 cents higher; ex- tries have been largely render ed impotent. The American and British bombers now are turn ing their attention to the smal ler targets. This work of devastation has been carried out systematically the Royal air force doing night bombing and the Ameri cans the precision bombing in daytime. The two fleets have methodically wiped out raw materials, the plants and ma chinery for the fabrication of these materials, and the trans port communications. MAX'S COFFEE SHOP OPEN 6 A. M. TO 1:00 A. M. Art Frederickson, Owner Serves Only the Best! Complete Luncheon. 50c Canal treme top choice to prime fed steers $16.75; very little above $16.50; long yearlings reached $16.50, however, with light year ling $16.25; bulk fed steers and yearlings $14.25-16.25; moderate supply grassy and warmed-up offerings $10.50-13.50; good and choice stockers ,$13.00 14.50. with common and medium grades $10.50-12.50, choice 606 lb. yearlings reaching $14.50 on considerably broader trade than week earlier; strictly choice heif ers topped at $16.25, bulk $13.50- 15.75; cutter cows cloned at $9.50 down, canners mostly $7.00 to $8.25; good Wyoming 1100 lb. beef cows stopped at $12.75. most beef cows $11.50.12.00; heavy sausage bulls sold up to $14.35, but underweight southwests closed at $9.25-10.00. . Salable sheep 100, total 100; compared Friduy last week: Fat spring lambs strong to 25 cents higher, sheep mostly steady choice Washington spring lambs 83 lb. topped at $15.00, with bent of the native crop at $14.50-75; many medium to good natives $13.00-14.35; yearlings $12.50 to $13.10; native slaughter ewes $6.00-7.00. top $7.40 on chblce 127 lb. Washington, closing top $7.00 on natives; small lot 71 lb. Washington feeding lambs $13.75. SOUTH SAN FRANCISCO, Aug. 21 (AP-WFA) CATTLE: For five days 500. Compared week ago: Largely grass run; steady; few good steers $14.00 to $14.50, around five loads medium to good 1171 lb. steers $14.00, two loads medium $13.00-50, load 870 lb. good feeders $11.75; odd head grass heifers $12,00, feds absent; few good grass fat cows $11.50, medium range cows $9.00-50; common to can ners 25 cents higher, bulk $7.00 to $8.25; medium bulls $10.00 to $10.50, odd head good $11.00 sparingly. CALVES: For week 25 cents head; few good calves $12.00-50, choice quoted $13.50. HOGS: Tor five days 2000, compared week ago; uneven, opening 25 cents advance lost; closing top, and bulk good and choice 200-260 lb. barrows and gilts $15.50, good sows $13.00-50. SHEEP: For five days 9000, compared week ago: Fully 50 cents lower; actual top twelve decks 77-81 lb. wooled Oregons good to choice $13.00; late week's bulk medium to good lambs $11 to $12.00, possibly 75 cents low er; cull and common shorn lambs $9.50-10.50; cull to good shorn ewei $2.80-6.50, steady. ROLES REVERSED MORRIS, Kas., (P) Things got a bit mixed at the 4-H club, fair. . An 11-year-old boy, Bruce Dlmmitt, was named grand champion cook, and a 12-year- old girl, Patricia Soden, was named grand champion hog raiser. STOCK BUYERS FEAR MILITARY DEVELOPMENTS By VICTOR EUBANK NEW YORK, Aug. 21 W') As in . tho preceding session, most stock market customers today continued to llghton commit ments as a safeguard agulnst pussiblo major military develop ments abroad over the weekend. Motors were among the soft spots from the start along with mils and air transports. Evon the gold mining favorites of yestcrduy, which bulged on the treasury's revised proposals for International currency stabiliza tion after the world conflict calling for larger contributions of yellow metal than had orig inally been contemplated, lost their rising animation. Transfers for the two hours were 326,450 shares. Resistance cropped up here and there near tho close of the two-hour pro ceedings but declines of frac tions to 2 or more points were well in tho majority. A little pessimism was teen in the fact that the 60.000 share special offering of Gen eral Foods which went on the big board Tuesday at 41 .till was dragging with about 8000 snares remaining unsold. Conspicuous on the offside were General Motor., rhrv.lnr Santa Fe, Southern Railway. Union Pacific, Southern Pacific, Paramount Pictures, Goodyear, U. S. Rubber, Du Pont, West inghouse, J. C. Penney, Pan American Airwavi. A mitrirnn Airlines, Eastern Airlines, Unit ed Aircraft, Texas Co. and American Con. , Steels, utilities, coppers held to a folrlv narrow rnnru n. caslonal minor nln. mark. wr posted for American Telephone, Standard Oil (NJ) and Sperry. Bonds and commodities slip ped. In the curb Aluminum Ltd. and Aluminum of America drop ped a point or so each and lesser recessions were suffered by Creole Petroleum, Glen Al den Coal and Mesabi Iron. Closing quotations: American Can , 821 Am Car it Fdy .......m 35) Am Tel le Tel . J55 Anaconda ,.......... 251 Calif Packing 4 ,.. 28 i tat Tractor A.. ...... 48 Comm'nw lth it Sou ........! 116 General Electric 38 Gcnerul Motors .. SI I Gt Nor Ry pfd ........... 27 Illinois Central ........ HI Int Harvester , 67 1 Kennecott ....-........... 81 Lockheed . 161 Long-Bell "A" 81 Montgomery Ward ................ 464 Nash-Kelv Ill N Y Central 15! Northern Pacific ....... 13 i Pack Gas 4c El .. . 291 Packard Motor . .. 31 J C Penney 261 Penno R R ............ 261 Republic Steel ...,...... 161 Richfield Oil S Scars Roebuck .................... 831 Southern Pacific 261 Standard Brands ... 61 Sunshine Mining 51 Union Oil Calif 20 Union Pacific 871 U S Steel 511 Warner Pictures 121 Western Pine Production Jumps PORTLAND, Aug. 21 (Pi Production jumped to 1)2,009,000 board feet from 88,859,000 tht previous week, the Western Pine associated reported Friday for the week ending August 14. A to tal of 97,783,000 was produced the same week last year. Orders dropped to 69,327,000 board feet from 96,157,000 the previous weok and 85,868,000 for the corresponding week a year ago. Shipments came to 81,208, 000 compared with 82,535,000 the previous week and 101,183, 000 for the same week last year. The biggest mistake In. life Is to constantly fear you'll make one. OPENING DH-IOI : ' Combined t - Eagles, LadUs' Auxiliary and Drum Corps ' . At Newly Dacerated - ' F.O.E. HALL 8th tnd Walnut Sat. Nite, Aug. 20 Estin Kiger's Orchestra Dancing 9-1 Public Cordially Invited Admission Ladlts 25e Genis tOe Poiatoes CHICAGO, Aug. 21 (TMWFA) Potatoes: arrivals 71, on traclQ 181, total U. S. shipments 7547,T supplies moderate; for III Inn Triumphs and Red Wnrbus do mnnd good; market firm; for white stock all varieties, mar ket about steady on best quull ty; Idaho Bliss Triumphs U. S. No. 1, $3.20; Idaho und Oregon Rimsett Biirbunks U. S. Nu. I, $3.16-40; Washington Russet Hurbnnks II. S. No. 1, $:i.25; Colorndn Bliss Triumph U. S. No. 1, $3.10-15; Nebrunka Red Warbus U. S. No. 1, $3.20; New Jersey Cobblers U. S. No, 1, $2.25-70; Wlm-omiiii DIIks Tri umphs U. S. No, 1, $2,35; Wis consin Cobblers U. S, No, 1, $2.25. WHEAT CHICAGO, Aug. 21 r An easier undertone prevulled iQ all grains today following trud" reports the war food administra tion might renew Its guarantee to formers to pay any advance be tween now and Octobor 31 In corn ceilings in an effort to get more of tho grain Into terminal markets. Rye suffered tho worst setback dropping about a cent at times, but trade generally was on a small scale. Activity was re stricted by uncertainty over what measures would bo In' volvcd In the government's pro gram to roll back food prices to the levels of September 15, 1942. At the close wheat was l-lo lower, September $1,431; Decem ber $1,451; oats were up i-lc, September 71c. and rye was down t-lc, September 97 l ie. BOSTON WOOL O BOSTON. Aug. 21 (AP USDA) The Boston wool market was very quiet during the past week. Some uneasiness was evident by holders of unrestricted domestic fine short wools as buyers for top makers and manufocturers remained out of tho market. Of ferings of these types of wool at lower prices did not result In Im Tnt til amAtint nf wools an praised for purchone by commod Ity credit corporation 10 onto is 113,364,765 pounds. REPEAT PERFORMANCE FARMINGTON, Conn. (P) Twenty-five years to the day aft er her father joined tho marines ifor the first World war. Edith Wollonberg began training asw a marine at New River, N. C. Now ex-Captain Christopher Wollenberg flies the same serv. , Ice Tag for his daughter that his mother flew for him. Grade school then col lege are critical training years for your children. Make certain of their edu cation through tha Equitable. Call I I ItBrilEHZNTlXa THR EQUITABLE LIFE I ASSURANCE SOCIETY " Service Men 23c IIP J Those Critical K YEARS I I
