Indianapolis Times, Volume 41, Number 235, Indianapolis, Marion County, 10 February 1930 — Page 4

PAGE 4

DEDUCTIONS ON CROSS INCOMES FOR CAR CITED Eight Items Are Eligible for Credit in Figuring Federal Tax. Bp Timet S aerial WASHINGTON, Feb. 10.—Deduc- j tlons from the gross Income allowed car owners under the regulations of the bureau of Internal revenue on account of automobile ownership and operation were outlined today in a statement broadcast by the American Automobile Association. First, the car owner may deduct from his gross Income all sums paid during the year In the form of registration fees, drivers’ licenses, state personal property taxes and municipal taxes. Second, the gasoline tax may be j deducted in all cases where. It Is a j “consumers' tax" under the state j 'aw, but not where it is specifically j enacted as a “distributors' tax.” Interest Is Cited Third, the Interest on money bor- i rowed for the purchase of an auto- j mobile Is deductible, irrespective of ! whether the car is used for business j purposes or for pleasure. If the j taxpayer keeps his accounts on a cash basis such interest will be deductible only for the year in which paid. If accounts arc kept on an i accrued basis, interest may be deducted ns it accrues. Fourth, If a passenger car is used ' holly for business purposes, all ex- j lenses Incident to maintenance, in- ; eluding depreciation at the rate of 20 per cent ner annum, may be de- j ducted. Where the car is used i chiefly,’* or more than 50 ner cent j or business, and incidentally for | leasure, the exoense may be de- i acted on a pro rata basis. Figure on Damage Fifth, loss sustained by reason of ; damage to an automobile while be- j ng used for either business or i nleasure is deductible. The loss, j however, must be an actual loss to j the person claiming the deduction, i Tn other words, if it is compensated j for by insurance or otherwise, it is j not deductible. Sixth, the bureau has ruled that where a motorist paid damages for injury to a pedestrian, such amount is deductible, provided at the time the Injury occurred, the car was being used for business. There never has been a decision, however, on whether a fine paid by a motorist might be deducted as a business expense, where, at the time the exoense was incurred, the car was being used for business or professional purposes. May Deduct Loss Seventh, loss when sustained .rhere an automobile used wholly or •hiefly for business purposes is reded in for anew car may be | deducted. Eighth, the amount paid for In- ! durance on automobiles used for j business purposes and also the j amount of finance charges on a | purchased car which covers interest j and risk on the loan, but not the amount covering the premium on insurance to protect the finance company’s interest. The national motoring body pointed out that the gasoline tax has been ruled a consumer’s tax and therefore deductible in the fol- i lowing states: District of Columbia,; Delaware, Georgia, Illinois, Ken- j lucky. Maryland, Michigan, Massachusetts, Missouri, New Hampshire, North Carolina, Pennsylvania, Rhode island. South Dakota. Virginia, Washington. Wisconsin. Kansas and New Mexico. PROBE POLITICAL RIOT Killing of Five in Brazil Outbreak Arouses Nation. 3p United Press RIO DE JANEIRO. Brazil, Feb. 10.— I The political significance of the j tragic shooting affray at Monte Claros in Minas Geraes state today superseded all others, as both the federal and state governments proceeded with their investigations into the incident which resulted in five deaths and the wounding of sixteen persons, including Vice-President ; Fernando Mello Vianna. Caution on both sides is being ex- j ercised, however, because the incident has aroused the country' and it is feared a misstep at this juncture might affect the presidential elections March 1. SCOUT FUND CREATED Camp Memorial Is Established by Mr. and Mrs. E. G. Baker. Memorial fund of S2OO in honor of heir son, Sherman Weschler Baker, j who died in 1929 of blood poisoning, 1 has been given to the Indianapolis • iloy Scout council by Mr. and Mrs. 5. G. (Cannon Ball) Baker, 902 North Garfield drive. The fund will be used to send a ,cout to one of the yearly camp periods. Young Baker was a first class scout at the time of his death. |

Dahlias for Your Garden The dahlia is one of the flowers which is so popular that a national society is devoted to its interests. So many are its admirers that it takes its place with the rose and peony, the iris and the gladiolus, the sweet pea and the carnation as a garden favorite. If you want dahlias for your garden next fall send for our Washington'Bureau’s new bulletin on growing dahlias, now ready. Springtime is not far away, and dahlia roots may be planted as soon as danger of frost is past. The dahlia bulletin tells all you need to know about growing these beautiful flowers: CLIP COUPON HERE DAHLIA EDITOR, Washington Bureau, The Indanapolis Times. 1322 New York avenue, Washington, D. C. I want a copy of the bulletin on GROWING DAHLIAS, and inclose herewith 5 cents in coin, or loose, uncanceled United States postage stamps, to cover postage and handling costs: NAME STREET AND NO CITY STATE I am ft reader of The Indanapolis Times. Code No.)

Heiress Is Maid

Because the other students at a Langhorne (Va.) school were younger than she, 18-year-old Helen Buxton, shown above, ran away. A search for her ended in Philadelphia, where she was discovered working as a housemaid. She is the daughter of a wealthy Newport News (Va.) physician.

ANCIENT RELICS FOUND IN TOMB Mound in Mongolia Reveals; Old Civilzation. Bv Self ner Service MOSCOW, Feb. 10.—The ancient Greeks were not dealing entirely in myths when they talked about the Land of the Hyperboreans, the dwellers behind the north winds. The latest discoveries by Professor Peter Kozlov, famous Russian explorer, revealed that the Greeks were right in accepting rumors of a i cultured race far to the north of the j little world. Professor Kozlov, who has been ■ excavating at an ancient burying \ ground in the mountain passes of I Northern Mongolia, has just sent back word to civilization that he has entered the tomb of an Asiatic person of Tajik who lived in eastern luxury more than 2,000 years ago. The expedition has placed special hopes on the mound containing this | tomb, becaus'e the conditions of J getting into it were so discourag- j ing that it must have been thief- ! proof through the centuries. The tumulus, or mound, was dubbed by the excavators the “wet | tumulus” because of the water In it. Starting last summer, the expedition ! set four pumps working day and j night to pump it dry. When this | attack failed, they waited until j winter brought heavy frost, and j now scientific persistence has won. i Out of the tomb the workers brought jade, tapestry, a carpet i adorned with hieroglyphs, little ; ?arved figurines of dragons, lynxes, md spotted deer, and other beautiful things. SOVIET PARTY DELAYED Three of Engineering Group Unable to Obtain Passports to U. S. Bv United Press BERLIN, Feb. 10.—Thirty-five engineers from the Soviet republic, now in Berlin, have been forced to delay their projected mission to the United States to purchase railway equipment because of inability of three of them to obtain passport visas. The passports of thirty-two already have been verified at the American consulate, but the visas of three have been withheld. The party is due to sail Wednesday from Cherbourg, on the Majestic. Bank Officials Accused Bp United Press VALPARAISO. Tnd., Feb. 10.— Five directors of the defunct State bank of Kouts, Ind., will go on trial March 10. charged with making false statements and accepting deposits when they knew the bank was insolvent. It was said Porter county investors lost $40,000 in the bank failure. Only one dividend was paid in three years. Road Mileage Increases Bu Timm Special ANDERSON, Ind.. Feb. 10.—Gasoline tax distributed by the state t< Madison county this year will b. apportioned on a basis of 354 mile, of improved highways, this bein;: an increase of eight miles as compared to the 1929 mileage maintained by the county. Fall Cree:. and Pipe Creek townships surrendered the additional mileage to the county during the last year. De Pauw Fraternities Pledge r\i 7 imes Special GREENCASTLE, Ind., Feb. 10.— De Pauw social fraternities announce the following pledges: Tristram Coffin, Phi Delta Gamma, and Tom Ochiltree, Delta Chi, both of Indianapolis: Peggy Martin, South Bend. Alpha Omicron Pi; Julian Summerville. Kokomo, and William Spray. Lebanon, Delta Upsilon.

COATS 1 in geouslv fur ft i llay ® n $7.95 Value wanted BE I €A t 1 fc * I Silk Undies ,**■ Velvet Jackets SjEf" 1 * f#Mi 1 ® i* Including stepins, bloomers, ted- Jfrß S For sports wear in early spring styles, aUI11 " Pill '•JIyS I .® 1188 dies, French panties and combina- iSm* x A jJfp B,ack ° n, y* AH siz „ es * Some w,lh kpeb i ® 'o£§ 1 l§t 4 !|§! tions and gowns. #.®sj I§ and others vcst st > les - (I I"** ’ " g, '■*•, I |H||| 1 JH A Former $2 Values —. Former $5 Valucs — • .\! 1 Ladies' Blouses Rayon Undies I stocKf * j| a jJks r#j 1 ' e " SZeS Former $I Valaes - — 1 i ju iyifQijLj I House Dresses, jffiM Rayon Robes. I \ *JS®' I Tommy Suits JTTV jj I Dazzling flowered design with coij* 0 | •TP . 1 Former 49c to 98c Values fLI trasting bordering effects. *' | Ia siST r „W. an Coneys, Sar- | Go ai Only- ' '§Jk J& Former $5.00 Values Pi Deposit Will n rr fpS5 ponies and Callskm , nea "■■■■■■ ■'■ —*- m.j£\ SsSSSatf A SSSS "SfISS

THE INDIANAPOLIS TIMES

FEB. 10, 1930