I
New Normal
Tax And
Surtax Rates
The Revenue Act of 1934 pro
vides for only one normal tax
rate, that is, 4 percent on the
amount of the net income in ex
cess of the allowable credits such
as the personal exemption, cred
it for dependents, etc. The act
provides for an additional credit
for the purpose of the normal
1ax of an earned income credit,
that is, 10 percent of the amount
of the earned net income but not
in excess of 10 percent of the
amount of the next income.
The personal exemption and
credit for dependents are also al
lowable as credits against the net
income for the purpose of the
surtax, the resulting net incorrte
being designated “surtax net in
come.” The surtax is imposed on
surtax net incomes in excess of
$4,000. The rates increase in ac
cordance with the amount of sur
tax net income included in vary
ing so-called surtax brackets, j
On a surtax net income of $4,000 j
or less Hiere is no surtax. On a
surtax net income in excess of
$4,000 and not in excess of $6,
000, the rate is 4 percent of such
excess. The surtax upon a sur
tax net income of $6,000 is $80
and upon a surtax net income in
excess of $6,000 and not in ex
cess of $8,000 the rate is 5 per
cent of such excess in addition
to the $80, or a surtax of $180
upon a surtax net income of $8,
000. The surtax on a surtax net
income of $1,000,000 is $533,000,
and upon a surtax net income in
excess of $1,000,000, 59 percent,
the maximum rate is applicable
to such excess, in addition to the
$533,000. Many taxpayers make
error of applying the maximum
rate instead of the rate provid
ed for in the bracket in which
MINERS & MERCHANTS BANK of ALASKA
NOME, ALASKA.
WE PAY 3% ON TIME DEPOSITS f
Your savings will increase if placed in a Time Certificate of
Deposit with instructions to renew annually adding the earn- ;
ed interest. As an example, the cash value of a deposit of
$750.00 increases as follows :
Original Deposit . $750.00
End of 1st year . 772.50
End of 2nd year . 795.67
End of 3rd year . 819.54
End of 4th year . 844.13
End of 5th year . 869.45
End of 6th year . 895.53
End of 7th year . 922.40
Many of our depositors have so increased their capital
knowing it was available should emergency arise.
LET US HELP YOU SAVE
Northern Light <S: Power Co.
AND
Alaska Telephone <£: Telegraph Co.
Second Avenue and Lane's Way
LIGHT, POWER AND ELECTRICAL SUPPLIES f
LOCAL AND LONG DISTANCE TELEPHONE SERVICE I
USE THE KEY
TO THE
FUTURE
ADVERTISE
IN
THE NOME DAILY
NUGGET
IT GETS RESULTS
--U
Read by People in Every Town,
Village and Hamlet in the
Second Division.
The Nome Daily Nugget
“Read By Alaskans Everywhere”
Weather Today
j
(U. S. Weather Bureau) ;
The weather was cloudy
to partly cloudy over west-'
ern Alaska this morning
but ceiling and visibility
conditions were improving
and many stations reported
clearing skies. Rain con
tinues to fall in southeast
ern Alaska where temper
atures remain moderate
and seasonable. Lower
thermometer readings are
observed in the upper Yu
kon Valley while no decid
ed changes occurred in
western Alaska. Baro
meter readings continue
relatively low over the
ocean with one center
charted near the Aleutian
Islands.
Airway conditions at 11
a.m. were as follows:
Nome, clear, temp. 16
their surtax net income is includ
ed.
Following is an example of
how to compute the tax on a net |
income of $8,500, all of which j
represents earned net income, the
tax payer being single and w!tn
I
out dependents:
Net income $8,500
Less personal exemption . 1,000
Balance surtax net income 7,500
Earned income credit 850
Net income subject to
normal tux 6,500
Surtax at 4 percent on am
ount of surtax net income
in excels of $4,000 but not
over $3,000, 4 percent on
$2,000 . 80
Surtax at 5 percent on am
ount of surtax net income in
excess of $6,000 but not ov
er $8,000, 5 percent on $1,500 75
Total surtax . 155
Normal tax, 4 percent on
$6,650 266
Total normal tax and
surtax. 421
Tax payers are advised to read
carefully the instructions on form
1040 relating to the earned-in
como credit and surtax, as well
as other instructions thereon, be- '
fore preparing their returns.
TO
PROSPECTORS
AND MINERS!
If you are planning on
doing prospecting or min
ing in the Nome section,
call on us and obtain our
reasonable prices for
transportation of supplies
and equipment via Cat
erpillar.
We Can Save You Money
On Transportation Costs.
NOME
MOTOR CO.
CITY LAUNDRY
Harry Saito, Prop.
Opposite The Bank
Suits And Hats
Cleaned
Laundry Work At
Reasonable Prices
Baths For Men and Women
Phone MAin 149
I
Solomon, clear, 8
Golovin, clear, —4
Nulato, cloudy, 8
Kaltag, cloudy, 8
Unalakleet, cloudy, —4
Ruby, pt. cldy, 11
Flat, foggy, 5
Fairbanks, cloudy, 0
Nenana, clear, 4
Tanana, cloudy, —4
Kotzebue, pt cldy, —9
Candle, pt cldy, —15
License Issued
Spokane, March 4, — A
marriage license was issued
today to William R. Hort
on of Juneau and Anna B.
Easton of Cheney.
Condition German
i
Is Reported (>. K.
(By The Associated Press)
London. March 4. — The
condition of the German
actress, Elizabeth Bergner,
was reported satisfactory
today, following an opera
tion yesterday for a perfor
ated appendix._
NOTICE OF APPLICATION FOR
PATENT TO MISSION SITE
Mineral Survey No. 3882
Nome Serial No. 0923
IN THE UNITED STATES LAND
OFFICE AT NOME, ALASKA.
December 20, 1935.
NOTICE is hereby given that
the CALIFORNIA' YEAR L Y
MEETING OF FRIENDS CHUR
CH, a religious corporation whose
postoffice address and principal
place of business is Whittier, Cal
ifornia, has made application in
the United States Land Office at
Nome, Alaska, lor a patent for
its mission site to be known as
the “Friends Mission Reserve” at
K«tzebue, Noatak-Kobuk Pre
cinct, Territory of Alaska, and
' within the Nome Land Office Dis
trict, and officially designated U.
S. Survey No. 2082, the exterior
boundaries thereof being as foll
ow's, magnetic declination 22 de
grees, 30 min. E,
Beginning at Cor. 1 whence U
S. Location Monument No. 2082
hears N 45 deg. 55 min. W., 8 94
chains; thence S. 44 deg. 05 min.
W., 4.00 chains to Cor. 2; thence
S. 45 deg., 55 min. E., 29.46 chains
to Witness Corner, and .40 chains
further in the same direction to
Cor. 3; from Cor. .3 S. 67 deg. 48
min. W., 10.60 chains to Cor. 4;
thence N 45 deg. 55 min. W., .30
chains to Witness Corner, and
25.30 chains further in the same
direction to Cor. 5; thence S 44
deg. 65 min. W.. 13.30 chains to
Cor. 6; thence N. 45 deg. 55 min.
W., 8.94 cha:ns to Cor. 7; thence
N. 44 deg. 05 min. E., 12.92 chains
to Cor. 8; thence N. 45 deg. 55
min. W., 6.00 chains to Cor. 9;
thence N. 48 deg. 09 min. E., 14.12
chains to Cor. 10; thence N. 45
deg. 55 min. W., 1.30 chains to
Witness Corner and .49 chains fur
ther in the same direction to Cor.
11: thence N. 55 deg. 35 min. E.,
3.29 chains to Cor. 12; thence S.
27 deg. 38 min. E., .68 chains to
Witness Corner and 1.31 chains
further in the same direction to;
Cor. 13; thence S. 44 deg. 05 min
W., 2.60 chains to Cor. 14; thence
S. 45 deg. 55 min. E., 2.25 chains'
to Cor. 15: thence N. 44 deg. 05,
min. E., 1.10 chains to Cor. 16;
thence S. 45 deg. 55 min. E., .70.
chains to Cor. 17; thence S. 44
deg. 05 min. W., 1.10 chains to [
Cor. 18; thence S. 45 deg. 55 rrun
E., 1.30 chains to said U. S. Loca
tion Monument No. 2082, and S
45 deg. 55 min. E., 8.94 chains
further in the same direction to i
i Cor. 1, the place of beginning;'
the total area being 59.50 acres;
jand excepting therefrom a tract
of 0.28 acres known as the “Ver-1
non tract” for a description of i
which commencing at Cor. 1 of
said “Vernon tract” from whence,
said U. S. Location Monument No.!
2082 bears N. 55 deg. 54 min. E.. j
11.87 chains; thence S. 44 deg. 05!
min. W., 2.00 chains to Cor. 2 ofl
said tract; thence N. 45 deg. 55 j
min. W., 1.40 chains to Cor. 3 of •
said tract; thence N. 44 deg. 05]
min. E., 2.00 chains to Cor. 4 of j
said tract, thence S. 45 deg. 55:
min. E., 1.40 chains to Cor. 1 or I
the place of beginning on said
tract; leaving a net of 59.22 acres.;
Thus mission site is on unsur
veyed ground and is within and
adjoining the town of Kotzebue, t
Noatak-Kobuk Precinct, Terri-;
tory of Alaska.
U. S. Location Monument No.
2082 to which this site or reserve
is tied is situated in Latitude 66
deg. 53 min. N., Longitude 162 [
deg. 38 min. 30 sec. W., in the!
said town of Kotzebue.
ALMER RYDEEN, 1
, Register
First Publication Jan. 14, 1936.
Last Publication March 16. 1S36.
—TRAVEL—
THE SECURE WAY
TWIN-MOTORED. RADIO EQUIP
PED, ELECTRAS GIVE TIIE UT
MOST IN SAFETY, SPEED, AND
COMFORT, WITH CONSTANT
RADIO PROTECTION.
PACIFIC ALASKA AIRWAYS IYC.
PROTECT YOUR EYES
Snowglasses ami Sunglasses — Wide Assortment
50<*ts To $1.50
NOME DRUG STORE
“Cappy MeDouRall. Proprietor Telephone Main 9b
HAVE YOIJF FLOORS
REFINISHED!
ELECTRIC SANDING MACHINE
HIGHEST QUALITY WORK
Fred II aver camp
Corner B Street and 2nd Avenue
THE ONLY EXCLUSIVE LIQUOR STORE IN NOME
BEST QUALITY. VARIETY, AND QUANTITY
RANIER BEER 15 CENTS BOTTLE
LARGE STOCK OF CIGARS AND TOBACCO
(Next Door To Fire Station)
ALASKA STEAMSHIP
COMPANY
1934-1935 Schedule
Sailing Dates From Seattle Northbound And Sail
ing dates from Seward Southbound.
Leave Leave
Seattle Seward
Northwestern Feb. 22 Mar. 2
Alaska Feb. 29 Mar. 7
Victoria Mar. 7 Mar. 15
Alaska Mar. 14 Mar. 20
Yukon Mar. 21 Mar. 27
General Agents Pacific Steamship Lines.
JAMES P. DALY, Agent, Nome.