University of South Carolina Libraries
* McCORMICK MESSENGER, McCORMICK, SOUTH CAROLINA Thursday, June 17, 1943 VcCORMICK MESSENGER Pvbllstaed Every Thursday | Bstablished June f, ItM EDMOND J. McCRACKEN, * Editor and Owner Entered at the Post Office at Mc Cormick, S. C. t as mail matter ot the second class. . SUBSCRIPTION RATES: One Year $1.00 Six Months .75 Three Months.50 • Six Inch Sermon REV. ROBERT H. HARPER John Describes True Christians. Lesson for June 20: I John 2:1- €; 3:13-18; 4:15-17. Golden Text: I John 1:7. Passing from Peter to John, we find the latter giving the marks ef true Christians. His first ex hortation indicates that Chris- ffans should not sin. They may de saved and kept from sin through the propitiation which Jesus makes. Christians confirm that they truly know Jesus if they keep his ommpandhients. We learn of Jesus when we learn to do his will. Gifts of service or else rftould be appropriate. But they wf» do not keep the command ments of Jesus do not know him, laowever much they may claim. The ill-will of the world may Me expected, but Chrsitians must love where others hate, and in tS&efr love they may find assur- aoee that they have passed from death unto life. They may know •f their own love if, like their lord, they are willing to give tilielr lives for others. Love is iaw$ found in mere profession, but in “deed and truth.” When confession in Christ is xfticere, Christians abide in Gotf. f>"d he abides in them. And in flds blessed relation, love will be made perfect. Two things are emphasized in «lie lesson—the necessity of sin cere love, with its service to the seedy and its loyalty to Jesus, uu€ the assurance of love that •ne who loves is indeed a Chris- fftin. Let us seek to bear the 4»stfhguishing marks of a Chris tian, that love may be made per fect in us. ‘Pay As You Go’ Tax Is Effective July 1st 20 PER CENT OF YOUR PAY TO BE WITHHELD AS IN COME LEVY EXEMPTIONS WILL TRIM ACTUAL DEDUCTION The modified Ruml income tax act, known as “pay-as-you-go,” will go into effect July 1. After that date, one-fifth of every worker’s pay, after certain al lowances, will be taken out by his employer, and sent to the fed eral tax collector. This is the “withholding” provision, by which everyone pays his taxes in the year in which he earns the taxa ble income. He pays 1943 taxes in 1943, that is. The other important part of the new act is the so-called “for giveness” of the tax on the 1942 —last year’s—income. In the o- riginal Ruml bill, complete cross ing off of the 1942 tax was in- j tended, but as finally passed by j both houses, the “forgiveness” i amounts to about three-fourths of last year’s bill, for most people. Farmers do not pay the 20 per cent weekly tax as such. The law says that if 80 per cent of your gross income comes from farming, you will file an estimate of your taxa ble income for 1943, on De cember 15, and make a pay ment based on this estimate. Then, on March 15, 1944, you will send in a corrected re port of taxable income, and an adjusted payment. If your estimate is in error, that is to® low, by more than one- third of your corrected in come figure, you must pay 6 per cent penalty on the a- mount of error. Agricultural workers, household help, and people irregularly em ployed, are exceptions also. These workers file estimates of 1943 income on September 15, this year. In future years the date will be March 15. The tax will be paid quarterly. Most high salaried persons come under this provision, too. All within this group do not have the 29 per cent weekly withheld from their earnings, but pay on their in come the following year, as every one did up to now. For people earning regular wages or salaries then, the new tax will operate this way: Twenty per cent of your earn ings will be withheld every week, after deductions for allowances. These allowances are: The first $12 of weekly paycheck is not taxable if you are single. If you are mar ried, the first $24 is exempt; ' and six dollars is added to exemption for every child or other dependent. On whatever sum is left after subtracting these exemptions, the empioyer must withhold 20 per cent for the Bureau of Internal Revenue. Other groups excluded from the withholding ^provision are self-employed men and women, members of the armed forces, doctors, lawyers, ministers., and other independent professional workers. High salaried corpora tion officers, government workers, and similar employees, however, are subject to the 20 per cent withholding tax. The “forgiveness” part of the bill is confusing in detail, but the principle is fairly simple. The wording of the bill says that the tax for either “1942 or 1943, which ever is lower,” is the year that will be forgiven in large part. As before stated, in most cases, 75 per cent is wiper out. Just how much will be cancell ed, depends on the size of your tax. If it was $50 or less in 1942, all of it is forgiven. If it was between $50 and $66.67, then $50 of it is cancelled. If it was more than $66.67 then 75 per cent of the tax is forgotten. Criticism has arisen concerning certain alleged inequalities under this scale. The remaining 25 per cent of your tax must be paid. Accord ing to the law, one-half of the 25 per cent owed shall be paid by March 15, 1944, and tne re maining half by March 15, 1945. Contrary to the belief of many people, the first quarterly install ment on the 1942 tax, paid last March 15, will be credited on this year’s, 1943, taxes, in order to put everyone on a current, or “pay-as-you-go,” footing. The remnant of the 1942 tax, the 25 per cent, is carried forward, still Will It Be Another ‘Too Little and Too Late’? iv i) Allies saaBEZ ¥ HAZA QWeWT Mac ARTHUR YJmgm, ya BETTBR VlOt/FSS CALL OFF YBR PATE A CO- WITH WMILLED / HELLO,MRS. MtLLER?....MR. HAZARD U//LL BEUHABLE TO ACCOMPANY ME TO YOUR ER1D6E PARTY TONIGHT Y-A-A SEE HE DlCCOVEIPED JUNIOR HAD NEW ROLLER SKATEG. r WHAT MAE HIE DISCOVERING JUNIOR'S ROLLER SKATES GOT J TO DO WITH MY FRIDGE PARTY?)A r CIVILIAN DEFENSE COMMUNICATIONS CONSTRUCTION DOCTORS ELECTRIC POWER ENGINEERING ESSENTIAL WORKERS FARM SUPPLIES FARM VETERINARIANS HIGHWAY MAINTENANCE INDUSTRIAL MANAGERS INDUSTRIAL WORKERS LUMBER CAMPS MACHINERY MEAT PACKERS MEDICAL t SUPPLIES MINES OIL WELLS POLICE CARS PUBLIC HEALTH PUBLIC SAFETY RED CROSS ACTIVITIES SCHOOLS SHIPYARDS SURGEONS TECHNICIANS VITAL SUPPLIES WAR PLANTS .. . and many other trades, businesses and profes sions whose products and services are important to* the war effort ★ BUY ★ ★ ★ ★ U. S. WAR BONDS * ★ AND STAMPS * HIS SKILL helps to maintain the cars which carry mil lions of war workers to and from their jobs, day after day. HIS EXPERIENCE helps to preserve the trucks which carry vital materials to and from war plants building arms and equipment for our fighting men. HIS SERVICE hel ps to conserve the cars and trucksofh ard- working farmers who are feeding America and her allies. SEE YOUR LOCAL CHEVROLET DEALER SERVICE ON ALL MAKKS“(1lP TTtR§ AND TRUCKS °n. f-_l \V McGrath motor go McCORMICK, S. C unpaid. In a few special cases, where the 1942 income was very high, (called “windfall income” result ing from war contracts generally) the taxpayer will not be able to get on a current basis until 1948, or possibly 1949. It is also point ed out by fiscal experts, that there will be no year in which taxpayers escape paying taxes. Other requirements under the new bill are: You must pay your June 15 installment. This payment and the ones you made last March will be added togeth er and applied to your 1943 tax bill. (Or as explained before, tc your 1942 income, if it was high er.) Also it must be remembered, the 20 per rent weekly held out of your 1 pay, may not entirely take care of your tax liability. You maj have other income, or there ma; be some other reason why you would have to pay more than the 20 per cent deducted. Higher Taxes Than Ever It is also pointed out. that you will probably pay higher taxes during the next two years, at least, than you ever before did, despite the relief of the cancellation of 75 per cent or more of your bill, for one year. This is because of the higher rate of taxation— higher than ever before in our history. You must continue to file a re port on income, at least once a year, as before, even though you may not owe anything, after con sidering the withholding tax you have been paying. If your in come is less than $2,700 net if single and $3,500 if married, the withholding tax will probably take care of all you owe. ‘Pay As You Go.’ The purpose of the new tax law has been stated by its proponents as a method of putting everyone on a current, or “pay-as-you-go” basis. Thus, as originally intend ed, the new tax law would abolish all indebtedness to the govern ment, in most cases. As modified, this has net been entirely ac complished, but it has been sub stantially achieved. Another intention is to ease the strain of large payments now necessary. It has been contend ed that many tax payers are not | able to save up enough during a year to pay their taxes in lump ! sums during the next year, even i with the four installment sys tem. By taking the tax out ev ery week, the wage earner ad justs his living costs to the lower income, and thereby pays his tax off gradually, with less difficulty. At present, many people have had to borrow, often at high interest rates, to meet their payments, say the proponents of the “pay- as-you-go” act. Because of the immense cost of the war, every dollar of revenue that can must be collected, ac cording to treasury officials. To help avoid inflationary dangers, as much money as possible must be raised by taxation, they state. Hope to Raise 16 Billions. The treasury officials hope to raise about 16 billion dollars of additional revenue in 1943, largely from income taxes. Opinion in congress is that this sum is too high and that ten billions is probably the largest sum possi ble, unless tax rates are much in creased. For vari®us reasons, in formed opinion believes that the rates will not be raised much. if any more. Income taxes will yield around 25 billion dollars in 1943, treasury officials anticipate, or more than twice the 11 billions collected in 1942. Other taxes will yield a- bout seven billions, or at about the same level as last year. NOTICE OF TAX SALE Under and by virtue of a war rant issued to me by the County Treasurer of McCormick County, I have seized the following de scribed property to satisfy the taxes due the State of South Car olina and the County of McCor- " mick. for -the years 1938.1939,1940. 1941 and 1942, and the same will be sold to the highest bidder for cash on salesday in July, 1913, during the legal hours of sale in front of the Court House Door at McCormick, South Carolina, and the proceeds of the sale will be applied to the payment of the said taxes and the cost of said seizure and sale, to wit: The property of J. L. Wells, and is described as follows: All that lot or parcel of land situated in the Town of Plum Branch. County of McCormick, State of South Carolina, contain ing 4 1-4 acres, more or less, known as Dr. J. B. Adams’ house 1 and lot. Bounded by Cottage and Jefferson Streets; lands of Mrs. Sallie A. White, Peoples Bank and. J. L. Bracknell, and probably others. MRS. RUTH O. FOOSHE, Tax Collector for McCormick County. McCormick. S. C., June 15, 1943 —3t. INSURANCE Fire Insurance And All Other Kinds of Insurance In* eluding Life Insurance. —— ,ri HUGH C. BROWN, McCORMICK, S. C. "J