Updated: December 9, 2013 11:54AM
100 years ago
October 10, 1913
Income Tax Schedule. $3,000 to $20,000 = 1 percent; $20,000 to $50,000 = 2 percent; $50,000 to $75,000 = 3 percent; $75,000 to $100,000 = 4 percent; $100,000 to $250,000 = 5 percent; $250,000 to $500,000 = 6 percent; and more than $500,000 = 7 percent. (NOTE: $3,000 in 1913 would equal $70,871.82 today, and $20,000 would equal $472,478.79. The 1913 minimum tax rate, $42,329.94 in 1913 would equal $1 Million toady and $500,000 today would equal $11,811,969.70.) According to estimates completed by the treasury experts, 425,000 American citizens must keep such accurate account of their incomes this year that they will be able to report to the income tax collector next spring exactly how much they owe to the government under the new income tax law. So far as the taxable American is concerned, the income tax law is now practically in force against him. While the tariff law in which the law is embodied will not be signed until next week, the first returns do not have to be made to the internal revenue collectors before March 1, 1914. But when the returns are made they will cover the income of citizens from March 1, 1913, to December 31, and the first payment of tax will be for money received during this period. Every single person (citizen or foreign resident) whose annual income exceeds $3,000, and every married person with an income above $4,000 is expected to report his or her receipts in detail to the government agents March 1 or each year. The estimate completed indicates that the income tax will produce $82,298,000 from the 425,000 persons’ taxes. To this will be added the $35,000,000 or more produced by the present corporation tax, which is continued as part of the law.
Following are some of the changes made by the new tariff bill in the rated charged for imports of household necessities: Sugar, 48.5 per cent, after new law, free; meat 10 per cent, after new law, free; cattle, each $3. 75, after new law, free.
75 years ago
October 14, 1938
Adding their bit to the observance of National Fire Prevention Week on Wednesday, members of the Crown Point department sponsored an interesting program during the afternoon that attracted a large crowd of spectators, most of whom went home damp. The program opened with a parade of firemen, the two fire trucks and students from all of the schools of the city. Marching around the public square the long column halted on the east side where Mayor Youkey and Archie McCabe of the state fire marshal’s office in Indianapolis were introduced as the afternoon’s speakers. Following the talks, the big crowd of onlookers, numbering 2,000, moved on to the north side of the square where the fire company members put on a spectacular water fight between two picked teams. After most everyone on the sidelines had been drenched, Al Rettig’s group took three “heats.”
The national headquarters of the American Red Cross have asked all of the chapters outside of the areas prescribed as in the affected zone to contribute something to the New England flood sufferers. Crown Point’s chapter responded to this call with a contribution from chapter funds amounting to $25.00.
50 years ago
October 11, 1963
In Lake Circuit court Friday Judge Felix Kaul denied a temporary directive to transfer a high school student from Hanover township in Crown Point. Mr. and Mrs. Charles Kleinschmidt brought a mandamus suit against William Purcell, Lake county school superintendent, to force transfer of their daughter, Christyne, 13, from Lincoln junior high, which she is now attending, to the high school in Crown Point “because facilities and the curriculum in Lincoln junior high, were inadequate.”
Lake County Civil Defense has instituted a program of training for teachers in “Personal Preparedness in the Nuclear Age,” according to Director Joseph Gregor this week.
A certificate of training completion will be issued to teachers after 15 hours in seminars. For teachers with no previous training classes will be held at the Catholic Service Center at 3855 Broadway, Gary, this Saturday, 9 to 12 noon and 1 to 3:30; Monday, Tuesday, and Wednesday, October 14, 15 and 16, 7 to 10 p.m.