The Clinton chronicle. (Clinton, S.C.) 1901-current, December 29, 1955, Image 2
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Pace Two
THE CLINTON CHRONICLE
Thursday, December 29,1955
By C. B. CANNON. County Agent
Social Security that a farmer must have a mini
mum of $400 net income from his
farm operation in a ye^r, or to
Farmers are reminded that
Social Security is a retirement
for them at the age of 65 years, express it another way. if a
and should do everything pos-j farmer has a gross income of
sible in the way of keeping rec- $800 from his farm in 1955, he is
ords to support their proof as to permitted to claim one half of his
farm income for 1955. and the gross income which is $400 as net
following years. The year is fast ; income, although he may not
coming to a close. , have made 3 penny profit. This
Congress amended the Social j method of figuring his farm in
security Act that went into ef- j come may be used up to and in
fect January 1 1955. making it eluding a gross income for the
possible for farmers to retire at farm amounting to $1800 in 1955
the age of 65. In fact all farmers ! for which the farmer can claim
are now under the Social Secur- one half of the $1800 or $900 net
ity Act as an act of law. for Social Security credit on re-
Your farm income since Janu-‘ tirement. All credit for Social
ary 1, 1955, and until your quali- Security must be figured on net
fication for retirement determin- income when the gross income
es the monthly income you will 1 for a single year is above a gross
receive as long as you live. To- income of $1800. No credit can
tal sales from the farm since be claimed on income above $4.-
January 1, 1955, such as cotton, 1 200 per year.
cotton seed, corn, small grain, A three per cent to be paid on
all kinds of livestock, livestock 1 the part of the farm operator on
products, poultry and poultry he amount he is claiming credit
products, pulpwood, (if you cut
the pulpwood yourself dr have
your labor to cut it under your
supervision and haul it to the
woodyard. Selling timber on the
stump does not count), etc,
counts as a source of farm in
come and may be credited as a
basis on which your Socal Secur
ity benefits will be based.
Regardless of whether a person
on Social Security, and this is
paid the first of 1956 to the In
ternal Income Tax Department,
Columbia, when you file your
1955 Income Tax Return. The
three per cent tax must be paid
although you may not have to
pay income tax due to not mak
ing a profit, which would be sub
ject to taxes.
As to the wage hand on the
when the farm operator makes
his personal tax return. In oth
er words, the wage hand is not
responsible for making tax re
turn to the department with ref
erence to his Social Security.
This is not the case of a cropper
on the farm. The land owner or
farm operator is not responsible
for tax return for the cropper,
and does not deduct any taxes.
The cropper, under the Social
Security rules and regulations
is considered an operator and
the cropper makes his own re
turn of three per cent on the
same basis as the landlord or
operator.
As jointed out above in this
j article, all farmers and wage
hands are under the Social Se
curity Act. regardless of whether
they want to or not, if they quali
fy under the regulations, *
It is suggested that .each por-
son take advantage of this oppor
tunity as some day this retire
ment will be of great value.
Each person must have a Social
Security number, and if a per
son has not been given a number
he should write or contact the
Social Security District Office,
Greenwood, S. C., or contact a
representative of the district of
fice. A representative is at the
Laurens County Court House
every other Thursday to assist
any jorson with their Social Se
curity problems. If you have
been given a Social Security
need another number. If you
number in the p>ast, you will not
have lost your Social Security
number, you should apply at
once for a replacement number.
is now 65 years old or older, it 1 farm who receives as much as
is necessary for him to have six
quarters as a farmer. There are
four quarters in a year. There
fore you see that no farmer, re
gardless of 65 or more, can retire
before the middle of 1956 under
any condition.
Another thing to be noted is
$100 in wages from a single oj>e
rator, the ojjerator is required to
deduct two p>er cent from the
wages paid and add two per
cent himself, making a total of
four p>er cent to be mailed to the
Internal Income Tax Department
in Columbia the first of 1956
The Nevr Year bells ring out
with oar best wishes for every*
one for ’56. We hope this year
will be a wonderful one for yoa
. . . rich in happiness, bright
with success . . . full to over*
flowing with warm, lasting
friendships and love.
2% INTEREST PAID ON SAVINGS ACCOUNTS
SEMI-ANNUALLY
11. S. MILE) & MIL-JU.
Democrats List
Ten Top Issues
For Next Year
Washington, Dec. 23 — The
Democratic National committee
has listed ‘Ten Top Issues for
195.”
The issues, not counting foreign
policy differences, were listed as
“Falling farm income, tax favor
itism for the rich, the public pow
er give away, favoritism to big
business, misconduct in govern
ment, the rising cost of living,
small business failures, GOP anti-
labor policy, the school crisis, and
the growth of monopolies.”
These are outlined in an article
in the January issue of the Demo
cratic Digest, official party month
ly. The committee said the article
results from a nationwide poll of
party leaders “to determine what
the j>eople consider the j>aramount
question of the day."
Signals Called
In addition, it said the January
issue of the Digest cites five in
stances in which the Democrats in
Congress gave the “go” signal to
the Eisenhower administration,
and five occasions when they
raised the “stop” sign.
The committee said these pro
vide additional campaign issues.
On the opposition side the Dem
ocratic Digest cites:
1. The Democratic party’s suc
cessful stand against “the Dixon-
Yates deal."
2. Democratic opposition to the
‘•Republican effort to erect a
group of toughening amendments
to the Taft-Hartley law.”
3. Opposition to administration
cuts in Air Force, Army and Ma
rines.
4. The successful fight against
“the Eisenhower administration’s
bankers’ highway bill, which would
involve paying to bankers and
other money lenders at least $2,-
700,000,000 in unnecessary inter
est payments.”
5. The Democratic stand against
“tax cuts for the rich.”
Helped Eisenhower
On the other hand, file Demo
cratic publication (Mints to:
1. The Democratic majority’s
“successful fight in Congress” for
the Eisenhower foreign trade pro
gram, “over the opposition of 64
per cent of Housfc Republicans.”
2. Democratic passage of a $1
minimum wage law, “over the op
position of the Eisenhower admin
istration and congressional Repub
licans, who held out for only 90
cents.”
3. Democratic provision of funds
for 107 public works projects not
recommended by the Eisenhower
administration.
4 The Democratic fight (not
successful) for a $20 tax cut for
S T A B l I 5 H E D
oidf
CAPITAL AND SURPLUS S600 000 00
MEMBER - FEDERAL DEPOSIT
8 8 6
INSURANCE CORPORATION
Bring us your doctor’s prescriptions
for Prompt-Accurate
Economical Service
Make Our Store Headquarters for
Your Christmas Slopping
HOWARD’S PHARMACY *
“Your Rexall Store”
PHONE 101
YOUR A
BRomttt
Hk PROGRAM
Last Day Today Dec. 29
SIR WALTER SCOTTS
MAOVMrunOF
QUENTIN
DURWARD
bCOLOR
Mtart TATUM
Kcry Robert
KENDALL- MORLEY
CARTOON
Friday-Saturday
Dec. 30-31
JAMB CUK * Jl UW
BAI1N MidAK - MAIQA KAI
COMEDY & CARTOON
iMonday-Tuesday Jan. 2-3
VICTOR MATURE
’ GUY MADISON
ROBERT PRESTON
•’'4
Wednesday
(One Day)
HEIDI
Famous Children’s Classic, Story Of a Little Orphan Girl
With Elizabeth Sigmund and Heinrick Gretler
Starts 3:00—5:30—8:00
■
—Also—
•4 -
WHITE MANE
Story Of A Wild Horse and A Young Boy
Starts 4:50—7:20—9:50
every taxpayer, “a move support
ed by 93 per cent of House Demo
crats, 06 per cent erf Senate Dem
ocrat*.’’
5. The Democratic fight for an
expended housing program,
“which salvaged a bill for 45,000
units at the last session.”
FINAL SETTLEMENT
Take notice that on the 24th
day of January, 1956, I will ren
der a final account of my acts
and doings as Administrator of
the estate of Robert Spencer Ow
ens, Jr., in the office of the Judge
of Probate of Laurens County, at
10 o'clock, a. m., and on the same
day will apply for a final dis
charge from my trust as Admin
istrator. (
Any person indebted to said
estate is notified and required
to make payment on or before
that date; and all persons having
claims against said estate will
present them on or before said
date duly proven, or be forever
barred.
CH P. OWENS,
dministrator
Dec. 19, 1955 4c-w-J-12
TENC
<AdmJ
Dr. Fred E. Holcombe
OPTOMETRIST
Offices sf
200 South Broad St
Phone 058
Office Been trte la B&t
WRESTLING
—Main Event—
“FARMER” JONES
—vs.—
FRENCHIE ROY
—Semi-Final—
DOC GALLAGHER
—vs.—
FRANK HURLEY
2 — Preliminaries — 2
RED VAGNONE
—vs.—
CHUCK BENSON
and
TINKER TODD
—vs.—
JOHNNY HE1DMAN
SATURDAY
DECEMBER 31—8 P. M.
m
MEMORIAL A
bi'Ah TANBURG;
AFTER-CHRISTMAS
SUITS REDUCED
Flannels, worsteds and others must go before inven
tory. Broken sizes but real vqlue. We have a fair run
of sizes but if we have your size then you can get a
real bargain!
GROUP NO. i
Regular $45.00
$29.95
GROUP NO. 2
Regular $05.00*
$45.00
SPORT COATS $19.95
REDUCED TO CLEAR!
Regular $29.96 value. Save $10.00 on
these beautiful sport coats.
MEN’S SLACKS
SLASHED TO THE BONE!
Regular $ 9.95 Reduced to $ 6.95
Regular $12.95 Reduced to $ 8.95
Regular $15.95 Reduced to $11.95
SPORT SHIRTS
REDUCED TO CLEAR!
Regular $4.95 $3.95
Regular $3.95 $2.95
Regular $2.95 $1.95
Resistol HATS
i ’
REDUCED!
Regular $10.00 Reduced $7.50
Regular $ 7.50 Reduced $6.00
One Group Regular $21.95
TOPCOATS REDUCED $13.95
One Group Name Brand
TIES REDUCED
Reg.$2.50
$1.50
Reg. 1.50 >
$1.00
Reg. $1.00
2 for $1.50
$
Jackets and Sweaters Drastically Reduced!
ALL
SALES
FINAL
JOHNSON and pitTS
TELEPHONE 807
It’s practically no effort at all for a sprinter to tvalk.
It’s a breeze for a weight-lifter to pidc up a child.
And so it is with the 1956 Buicks in cruising—for these
are the mightiest powered Buicks yet built.
Take the ’56 Buick Century pictured here.
It’s almost a loaf for this beauty to cruise a superhigh
way at a legal 50 mph. At that point it’s using less than
10% of its pedal-to-the-floor power.
And that’s just the reason for the record-high power '
and compression ratio in your big 322-cubic-inch V8
engine. You and your engine can take it easy so much
of the time.
You have no qualms about the response at your com
mand. Your power plant has no need to breathe hard—
so it saves gas, stays young, lasts longer.
So when you take the wheel of a ’SO Buick, you take it
easy, and still lead the parade.
You know you can call out the reserves with a touch
of your toe.
And you find you silk through a whole day’s driving
G«t 4-Season Comfort in your now Buick
HUGIDAIRE CONDITIONING—now of a now low jtrko
Bvlck'i 1954 pow.r-packad Cintury
hardtop.—Iti. 2-door Riviora, Modal 44R
(at top), and th. 4-door Rivi.ro, Modal 43.
with the flowing ease of today’s new Variable Pitch
Dynaflow.*
For not only does this advanced new Dynaflow give
you stepped-up gas mileage and brilliant new getaway
response at only part throttle. Not only does it permit
you to switch the pitch for full-power safety-surge
take-off.
It oho gives you absolute smoothness in acceleration
and deceleration like you get in no other car in the
world.
Drop in on us this week for a sampling of the best
performance yet-and for a firsthand look at what else
goes with the best Buick yet.
•Ne*> Advanced Variable Pitch Dynaflow it the only Dyna
flow Buick builds today. U it standard on Roadmaster, Super
and Century-optional at modeit extra cost on {he Special
UTm AUTOMORILES AM BUILT BUCK Will BUILD 1MM —
Gasque Buick Company Inc.
AIR-CONDITIONER ^ 1 7 / ,,IV *
m*
217 E. MAIN ST.
LAURENS. S. C