CHANGING U.S. INCOMES
(AVERAGE PERSONAL INCOME AFTER TAXES)
‘DOLLARS OF
‘ACTUAL DOLLARS 1935-39 VALUE
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Investigators Try
Find Letters From
Bomb Testing Site
WASHINGTON, UP)—Navy and
Atomic Energy Commission in
vestigators are still trying to find
who and how many men wrote
letters home last fall telling about
the world’s biggest nuclear ex
plosion at the heavily guarded
Eniwetok Atoll proving grounds.
A preliminary report is in the
hands of the Navy and AEC, it
was learned Saturday.
But the two agencies would say
only that the investigation has
not been concluded.
What the investigators obvious
ly are seeking are actual letters
which can be turned over to the
Justice Department. It will be up
to the department to decide whe
ther there is sufficient evidence
for prosecution of some of the
letter writers, as was .hinted by
AEC officials.
The word of such action, in a
statement by AEC chairman Gor
don Dean last November, may
have propmpted relatives who
received such letters to destroy
them and deny ever having re
ceived them.
None of the number of letters
published during the week or two
preceding AEC announcement of
conclusion of the test series con
tained precise, technical informa
tion. But there has been concern
lest the graphic word-pictures of
an atomic cloud column, fire,
blast and other features of un
precedented proportions uninten
tionally may have provided Rus
sion nuclear scientists with valu
able scraps of information.
Punishment could be imposed
for violation of the law or regu
lations without invoking the Fed
eral Espionage Act.
Fine Job Printing at the Nugget
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STORE
See Us For
EXPERT
WATCH REPAIRS
YOUR INCOME TAX
UNCLE SAM HELPS MANY
WITH TAX ARITHMETIC
(Third of six articles on How to
Make Out Your Federal Income
Tax Return)
By Francis J. Kelly
WASHINGTON — Government
experts will do the 'bulk of your
income tax arithmetic for you
if you are eligible to use Form
1040A.
This single sheet, amber colored
optional tax return form contains
a list of simple questions such as
your name, address, employer,
number of dependents, and wages.
You answer the questions and
the bureau of Internal Revenue
will figure out your tax, sending
you a bill for any amount not
covered by withholding, or a re
fund, as the case may be.
Strict rules govern who may
use this form, however.
You may use a 1040A if your
total income was less than $5,000
and consisted entirely of wages
subject to withholding, or of such
wages and not more than $100
total of other wages, dividends
and interest.
When io Use Long Form
But you will have to use the
more complicated Form 1040 re
turn if you had any income from
other sources, such as rents, an
nuities, royalties or a business; or
if you claim status as the head of
a household.
In reckoning your tax, the reve
nue bureau uses a table which
takes account of your exemptions
($600 each) and allows about 10
per cent of your total income as
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a deduction in place of charitable
contributions, taxes, interest, ex
traordinary medical expenses,
etc. If your deductions run more
than 10 per cent of your income,
it will pay you to use long form
1040 and itemize them.
When you use short-form 1040,
yon find your tax from a table
and write it in yourself. Dong
form 1040 requires you to make
your own computations. The long
form is required of all taxpayers
whose income is $5,000 or more.
' Whq Can File Jointly
In general, married couples can
save money by making joint re
turns. Be sure to put the name
of both husband and wife at the
top of the return, and both must
sign it. If you make a joint re
turn using Form 1040A, the reve
nue bureau will figure your tax
by both the joint and separate
methods and bill you for the
smaller amount.
Personal exemptions are im
portant. Each cuts $600 off your
taxable income. Each taxpayer is
entitled to one for himself, his
wife and each dependent close ,
relative. You can’t claim an ex
emption for a dependent if his or
her income for 1952 was $600 or
more.
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Thursday Luncheon
Boyd Harwood, Pres.
George Bayer, Secy.
ALASKA CHAPTER NO. 1
Order of Eastern Star
Dorothy Young
Worthy Matron
Rosa B. Hagen
Secretary
Meets the third Monday of each month.
HAGEN
JEWELER AND OPTICIAN
Court House Is Opposite Us
Phone Main 40
ANVIL LODGE
No. 140
Boyd C. Harwood, W.M.
Karl F. Dewey, Sec.
Meets 1st and 3rd Thursday each month.
Northwestern Alaska
Chamber of Commerce
Meet*
EVERY TUESDAY NOON
Larry Galvin, President
POLAR CURIO SHOP