NEW REGULATIONS FOR
SOCIAL SECURITY AND
WITHHOLDING TAXES
Clark Squire, collector of inter
nal revenue, reminds employers
and employees of the Washington
and Alaska district that the Fed
eral Insurance Contributions Act
provides for an increase in the
tax rate under that Act to one and
one-half percent on employers and
one and one-half percent on em
ployees, based o all taxable wages
paid on and after January 1, 1950.
Ever since the beginning of the
social security program, of which
these taxes are a part, these rates
have been one percent each on
employers and employees, and
Collector Squire called attention
to the change in order to prevent
confusion in preparing January
payrolls.
Employers were also reminded,
however, that new regulations
will be effective January 1 regard
ing the depositing and reportirtg
of both the F.I.C.A. taxes and in
come tax withheld from wages, j
Starting with wages paid in
January, employers who are liable
for more than $100 of these taxes
in one month are required to de
posit them in either a Federal Re
serve Bank or a commercial bank
authorized to receive such depos
its for transmittal to the Federal
Reserve Bank.
Employers will be furnished
with blank copies of Treasury De
positary Receipt Form 450 to use
in making deposits. Employers
will fill out the receipts as a de
posit slip. After the form and re
mittance are received and check
ed by the Federal Reserve Bank,
the deposit receipt will be validat
ed and mailed back to the em
ployer for attachment to his quar
terly return.
The year 1950 also will mark
the nationwide adoption of a com
bined form for quarterly reporting
by employers of income tax with
held and the employer and em
ployee F.I.C.A. taxes, the new
form. Form 9-*l, and detailed in
structions will be mailed to em
ployers late in March, in ample
time for use in making the return
for the first quarter of the year.
This return, covering wages paid
in January, February, and March,
is due by April 30.
This type of combined form was
tested in the Maryland district for
Truman Wants To j
Spend Forty-Two
Billions This Year
WASHINGTON, (JP)—President
Truman proposes that in the 12
months beginning July 1, 1950, the
government:
Spend $42,439,000,000, against
$43,297,000.00 in the current fis
cal year which ends next June 30.
Increase taxes by an amount
and method he will specify later.
Under present tax laws, the gov
ernment’s income would be $37,
306,000,000 in fiscal 1951, com
pared with $37,763,000,000 this
year.
The prospective deficit—mean
ing excess of spending over in
come—would amount to $5,133,
000,000 in fiscal 1951, with no tax
increase, compared with $5,534,
000,000 this year.
The President asks Congress to !
approve expenditures of the $42,
439.000. 000 budget total for 1951
on this basis.
National defense $13,545,000,000;
international affairs and aid (in
cluding Marshall Plan) $4,711,
000,000; veterans benefits $6,080,
000.000; social welfare-health-se
curity $2,714,000,200; housing and
community development $1,329,
000.000.
Education and research $434,
000,000; agriculture$2,206,000,000;
natural resources $2,218,000,000;
transoortation-communication $1,
682.000. 000; finance, commerce, in
dustry $212,000,000; labor $243,
000.000; general government $1,
267.000. 000; interest on public
debt $5,625,000,000; reserve for
contingencies $175,000,000.
Of the $37,306,000,000 prospec
tive income at present taxes, $18,
246.000. 000 would come from indi
vidual income taxes, $10,518,000,
000 from corporation income and
excess profits, and $7,642,000,000
from excise taxes.
A large city represents a con
centration of iron, copper. lead
and zinc rivalling the conten of the
largest mines.
more than a year and was found
to effect substantial savings to
both Collectors’ offices and em
ployers.
ARCTIC OIL DELI VERA
Phone—Shop: Black 7fi — Residence: Main 52
WE CHECK YOUR TANK REGULARLY
Ben Young
JACK I.ENCER
Watchmaker
Box 62.r Nome, Alaska
SERVICE CLEANERS
4fh and B Streets—Opposite School House
QUALITY DRY CLEANING A SPECIALTY
Mr. and Mrs. Carl Mickelson, Props.
Prompt and Courteous Service
Phone RED 96
Bridges- Defense
Don’t Believe
Witness Exists
SAN FRANCISCO (flh—1The de
fense in the Harry Bridges per
jury trial, Saturday challenged
the identity of a major govern
ment witness — Lawrence Seton
Ross.
Ross, an ex-communist editor,
was ordered by federal judge
George B. Harris to remain here
for the court session today. He
had requested permission to re
turn to Memphis, Tenn., where he
is editor of a cotton trade journal. |
The witness earlier testified he
saw Bridges, president of the CIO
longshoremen’s union, at three
communist meetings and was at a
New York meeting at which
Bridges was elected to the party’s
central committee.
The government accuses Brid
ges of perjury for testifying at his
1945 naturalization hearing that
he was never a member of the
communist party. Two character
witnesses at the hearing, Henry
Schmidt and J. R. Robertson, also
union officials are charged with
conspiracy and are his co-defend
ants.
Defense attorney James Macln
nis questioned Ross closely about
his past but found the witness
somewhat vague about his early
life. After court, the defense at
torneys told newspapermen that
“we don’t believe there is any such
person.”
Under cross examination the
witness denied he had ever been
known by the names of Robbins,
Robinson or Ballard.
News of the World
At A Glance - - -
________
(Continued from Page One)
cargo to Shanghai, which is un
der Nationalist blockade.
Monday. January 9, 1950
Communist China staked out
claim today on the last holdings
of Chiang Kai-Shek’s tottering nn
t: malist government — Formosa,
Hainan. Tibet and the Chinese
sea‘ in the United Nations.
Red China’s news agency said
foreign minister Chou En-Lai in a
cable to TJ. N. officials had de
manded expulsion of the Chinese
Nationalist representative from
the security council.
The Moscow press predicted
imminent assaults by Chinese
Reds on the two Nationalist is
lands of Formosa and Hainan, and
! on the mountain fastness of Tibet.
Mme. Chiag prepared to leave
the United States to rejoin her
husband in Formosa — pledging
that the Nationalists will battle to
the last ditch against the com
munists.
Speculating was rife in Hong
Kong that Chinese communists
might try to do some bargaining
on existing treaties with the Bri
tish before accepting full British
recognition of their regime.
The Israeli government an
nounced it woud recognize Red
China.
Britain’s Prime Minister Attlee
is expected to make an announce
ment in the next few days about
Britain’s long-awaited gen e r a 1
election. London political writers
speculated that balloting may be
held next month.
Foreign ministers of the British
Commonwealth opened a confer
ence in Colombo, Ceylon, today,
dedicated to stopping a possible
third world war and halting the
spread of communism
NOATAK NEWS
Noatak, Alaska,
Dec. 16, 1949.
Dear Sirs:
We had quite an excitement
here today when Mr. Red Klien
and Thomas Richard came with a
dead wolf in their plane. On their
way they shot a wolf near Noatak.
From what I gather there are
wolves allover these hills. The
hunters saw pack of wolves going
over the hill, while the rest were
just climbing one side of the hill.
They did not attack them because
there were too many. At first they
thought they were caribou
Noatak is a quiet village and
I’m quite satisfied. People are
very friendly, eager to help a
stranger. They kept my cooler
filled with wild game foods. I’ve
enjoyed fresh food so much that
I gained almost 20 pounds.
Mr. and Mrs. Nagozoruk have
faithfully taught for five years
here. People are cooperative in
running the school. The women
cook the lunches in school and'the
children carry wood and water for
the kitchen. There are 83 school
children. I have 31 pupils and a
FIRE FRIDAY DOES
CONSIDERABLE DAMAGE
Friday the Fire Department was
called out to an alarm from 669
3rd Ave., the residence of Lt.
Churchill which is owned by Paul
Dry den.
The fire was caused by an over
heated stove from which the car
buretor had been removed and the
oil line connected direct to the
stove Considerable damage was
done to the interior of the house.
new school room to teach in. Mrs.
Nagozoruk teaches sewing, knit
ting and artcrnfts and I hetp and
learn at the same time
The Mother Club are 43 <?tron#
They have been fully organized
this Fall and will learn htrw to
conduct a business meeting. Their
project spells cleanliness at -home
and in appearance. They will sup
ply the fruit for the Christmas
feast.
Merry Christmas and a Happy
New Year to you all,
Sincerely,
Emily Ivanoff Brown,
Nontak, Alaska.
Noutak Correspondent
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