Londoner Tells of Games
Prepare Now for Tax
LOS ANGELES-Millions of individuals
will be call ed upon early next year to pay
income taxes for th e first time. Present
taxpayers may find their taxes two to fou r
times the amount they paid this year. Few
people appreciate how heavy a tax b urden
has been placed upon the average family
budget.
The new war-time rates recently enacted
At
by Congress apply to all of 1942.
least 19c out of every dollar of taxable in-
co me received this year will be taken by
normal and surtaxes. Surtaxes rise steeply
as income increases. Generally speaking,
taxable income is all income over the $500
exemption allowed single persons, or the
$1,200 exemption of married couples and
h eads of families, plus certain deductions
and a credit of $350 for each dependent.
Beginning January 1st, an additional
"Victory tax" of 5 percent will go into
effect. Wage and salary earners will have
it deducted from their pay checks. It ap-
plies to all in come o"er $624 a year plus
certain specified deductions. Part of the
Victory tax is to be returned after the
war, unless the taxpayer chooses to use this
post-war credit currently in the purchase of
government bonds, paymen ts of life insur-
ance premiums, or retiring indebtedness.
With taxes of this magnitude and com-
plexity, it is impera tive that individuals
keep records which will enable them to
prepare returns and take adva ntage' of all
deductions and credits permitted by law.
For example, und er a new amendmen t, it
is possible to deduct state sales taxes and
probably gasoline taxes. Again, medical
·expenses in excess of 5 percent of net in-
come are deductible up to a fixed amount.
All existin g deductions for contributions,
interest payments, etc., co ntinue in effect.
Inability, however, of the taxpayer to pro-
duce records supporti ng claims for deduc-
tions may result in heavy taxes which oth-
erwise would not be due.
The accompanying table indicates the
approximate taxes payable on incomes of
various sizes for this year.
CHICAGO.-The practicability of keep-
ing marble table equipment in good condi-
tion for th e duration of the war is strongly
poi nted out in a communication received
by the Uili ted Manufacturing Co. from the
Scott Supply Co., London, in mid-October.
Wrote Dick Scott: "The market in Amer-
ica will, no doubt, have a similar expe·
rience fo what we had over here on the
outbreak of war-no body knew what the
valu e of machines was likely to be and
th ere was rather a slum p in prices, but
since th at time all machines have rapidly
in creased in price and the demand far ex-
ceeds the supply. This is th e natural result
of th e fact tha t no new machin es can be
imported, and of course, we cannot make
any here owing to the restrictions on ma-
terials. You will do doubt remember the
old Chief machin e. At one time we were
doing our best to get rid of them brand
new at £ 12.10.0 an d now they are fetch-
ing £ 30! If I were in business in America
I should certainly but all the used equip-
ment I could get hold of as I feel sure
th at this will double itself in value in a
very short time."
United poi nts out th at many opera tors
a re heeding th e words of wisdom contain ed
in the above comm uni cation and am pur-
ch asin g used equi pment and having it reo
furbished for future operating. United is
enjoying a brisk business and servin g op-
erators, jobbers and distributors in all parts
of the country with refurbished ga mes that
are equal in every respect to brand new fac-
tory-build equ ipment.
WARNINC
TRY THE BEST
THE SIAMESE RATS
NOW S 12. 50
OUR LARGE VOLUME
MAKES PRICE REDUCTION
POSSIBLE-FORMERLY $15.00
Cig. Output Rises
WASHINGTON. - Cigarette production
in the United States set a new record in
Septemb er when, for the fourth consecutive
. month, production passed the 10,000,000,-
000 mark. This was the 22nd consecutive
month to show an increase over the corres-
pondin g month of the previous year.
September output totaled 21,798,447,820
against 18,760,571,160 for the like month
of last year. Production for the month was
greater than for any full year prior to 1917.
Federal Income and Victory Taxes Payable in 1943'
GrQU Incom e
(All ea rned)
Normal and
S urtax on 1942
Incom e!
Victory Tax
on 1943
Incom e'
Total Tax
in
1943
Post-war
R e fund"
SINGLE PERSON
S 1,200
1,500
2,000
2,500
3,000
5,000
10,000
15,000
20,000
50,000
S
103.72
153.40
236.20
319.00
4 07 .80
793.00
2 ,056 .00
3,719.00
5 ,791.00
22, 361.00
S
28.80
43.80
68.80
93.80
118.80
218.80
468.80
718.80
968 .80
2 ,468.80
S
132.52
197.20
305.00
. 412.80
526.60
1,011.80
2 , 524 .80
4,437 .80
6 ,759.80
24,829.80
S
7.20
10.95
17 .20
23 .4 5
29.70
54.70
117.20
179.70
242 .20
500.00
MARRIED COUPLE- N O DEPENDENTS
Left Side
View
Right Side
View
Front
View
The Latest Creation
CHICKEN SAM
OPERATORS
"HIT THE SIAMESE RATS"
HITLER AND THE JAP
PLAYERS STAND IN LINE TO
SHOOT AT THIS FREAK FIGURE
A new wooden fiber figure and wooden leqs
Figure reverses showing Hitler on one side
and a Jap on the other. New scenery and
streamer in 16 colors furnished with each unit.
All unih thoroughly checked for easy installa-
tion .
$12 50
~w
For complete unit, F.O.B . San An-
ton;'o. Terms : 50% with order-
payment in full saves C.O.D . fee .
$7.50 EACH FOR FIGURE AND LEGS ONLY.
STRAIGHT JAP CONVERSIONS FOR
BALLY SHOOT THE BULL
BALLY RAPID FIRE
$12.50 each with new scenery.
Bona fide distributers write.
Manufactured exclusively by
Ba.-old W. Thompson
•. , . (SEEBURG DISTRIBUTOR)
415 Carolina St., San Antonio, Texas .
CHRISTMAS SEALS
(Sepa rate r e turn s of commu nity property income)
S 1 , 200
28.80
$
1,500
20.40
S
43 .80
2 ,000
103.20
68.80
2,500
.186.00
93.80
3,000
268.80
118.80
5 ,000
600.00'
218.80
10,000
1 , 542.00'
468:80
15,000
2,689.00'
718.80
20,000
4,0 44 .00'
968.80
50,000
16, 242.00'
2 ,468.80
(* Tax is higher if sing l e, joint return is u sed.)
S
28.80
64.20
172.00
279.80
387.60
818.80 '
2 ,010.80'
3,407.80'
5,012.80'
18, 710.80'
S 11.52
17.52
27.52
37.52
47.52
87.52
187.52
287.52
387.52
987.52
IVietory tax deducted from wages a nd sal a ries during year ; this tax due on other ineonie a t- end
of year like present income taxes.
2A fter allowing estimated deductions of 10% of gross.
.
s U hu sband and wife both e mployed payroll deductions would apply to each, the reby doubling
exemption and lowerin g tax. Separate community property return s may l)rodu ce same ultimate
result.
4May be u sed curre ntly to buy U. S. Bonds, pay d e bt , or purch ase ins ura n ce up to following limit s:
th e lower amount of 25% or $500 in ease of sing l e individual, 4 0 0/0 or $ 1 ,000 in ease of mar-
_ ried person , and 2% or $1 00 per dependent.
Mention of THE COIN MACHINE REVIEW is your
.JJ~'lintroduction
Protect Your Home
fro:'" Tuberculosis
to o)1r advertisers.
COIN
MACHiNE
REviEW :'
'~~';:''''
5
FOR
NOVEMBER
1942