Coin Machine Review (& Pacific ...)
Issue: 1942 November - Page 6
Cig. Tax Clarified
COIN
MACHINE
REVIEW
6
FOR
NOVEMBER
1942
LOS ANGELES. -Details of the new
F ederal tax on cigarettes and cigars which
went into effect on Novemb er 1, 1942, are
related herewith by Collector of Internal
Revenu e Nat Rogan. Every dealer in cigar-
ettes or cigars should have taken an inven-
tory at th e close of busin ess on October
31, 1942, of all cigarettes or cigars on hand.
A floor tax is imposed on the dealer in ac-
cordance with the amount of stock set
forth in th e inventory.
Small cigarettes, the usual commercial
packages, are now taxed at $3.50 per thou-
sand as against the old rate of $3.25 per
thousand. Thus, each package of twenty
cigarettes calls for an additional tax of one-
half cent and each package of ten ci garettes
for an additional tax of one-quarter cent.
Large cigarettes which can be cut into
small er ones have an additional tax of six-
ty cents per thousand imposed upon them.
The new tax on large cigars, which
means all ci gars weighin g three pounds or
more per thousand, varies according to the
sales price. The incr eases are as follows :
Sales price not more than 2Y2 c each, in-
crease SOc per thousand.
Sales price more than 2Y2 c but not more
than 4c increase $1.00 per thousand.
Sales price more than 4c but not more
than 5c each increase $2.00 per thousand.
Sales price more th an 5c but not more
than 6c each in crease $1.00 per thousand.
Sales pri ce more than 6c but not more
than 8c each increase $4.00 per thousand.
Sales price more than 8c but not more
than 15c each increase $5.00 per thousand.
Sales price more tha n 15c but not more
than 20c each increase $4.50 per thousand.
Sales price more than 20c each increase
$6.50 per thousand.
LAST CALL
XMAS CARDS
for-----
December 51h is Ihe deadline on person-
alized G,r eeling Cards. All orders received
up 10 and including Ihe 51h are guaran-
leed 1,0 be delivered in lime for Christ-
mas mailing.
If you have nolalready senl your order in
do so now. Our 1942 Special consisls of
50 French Fold Greeting Cards in Gay
Christmas colors, 8 assorted designs
with envelopes to match, imprinted
with one line of copy, and delivered in
a mulli-colored Chrislmas presenlalion
box which can be used for gift-giving, al
Ihe aslonishing low price of
50 for SI.OO
POSTPAID
Tax Tip
INCOME TAX DEDUCTION FOR
CALIFORNIA SALES TAX
The new federal revenue act provides
that on future income tax returns de~
duction can be claimed by individuals
for state sales taxes paid on goods pur-
chased at retail, where the tax has
been stated separately by the seller.
This provision allows the person bear·
ing the burden of the tax to deduct it
even though, technically. he is not the
'"taxpayerH in states such as California
where the state law imposes the tax
on the seller.
For every dollar of deduction you
will save not less than 19 cents when
computing your next income tax return.
The importance of keeping records to
substantiate deduction claims is strong-
ly emphasized. CLIP nns TIP and
take it home to your wife.
The tax returns must be fil ed on or b e-
fore December 31, 1942, and must be ac-
companied by a remittance of the tax. The
tax return must be fil ed in dupli cate. Deal-
ers and manufacturers should apply as soon
as possible to the Coll ector of Internal
Revenue for th eir tax form s. The required
inventory must be made in duplicate, one
copy must be fil ed with th e tax return.
Owners and lessors of cigarette vend-
ing machines must prepare inventories
and file returns. Lessees of machines
are not required to do so. Retail estab-
lishments which own and operate cig-
arette machines are required to file
their own returns. All operators of
more than one place of business or of
cigarette machines in more than one
location need file only one tax return
but their inventories must disclose the
number of cigarettes or cigars on hand
at each specified location.
.
Specialty Coin Auctioned
CHICAGO.- At an auction held here on
Octob er 23rd, th e machinery equipment
and raw materials of th e Specialty Coin
Machin e Builders was disposed of.
DEC. TAX CALENDAR
DECEMBER 15
FEDERAL INCOME AND EXCESS
PROFITS TAX. Citizens, Residents,
Fiduciaries, Domestic Corporations'
and Domestic Partnerships. Last day
to pay fourth quarterly installment to Col-
lector of Internal Revenue; also last day
fo r Domestic Corporations to pay ' fourth
qu arterly installment of excess- profits tax.
FEDERAL INCOME TAX. Non-resi-
dent Aliens and Non-resident Foreign
Corporations. Third quarterlv installment
due the Collector of Internal Revenue.
DECEMBER 21
FEDERAL INCOME TAX. Withhold-
ing Agents. Monthly return of tax with-
held on bond interest fo r the preceding
month to be fil ed with th e Collector of In-
ternal Revenu e.
DECEMBER 31
FEDERAL TAXES ON ADMIS-
SIONS AND DUES, FACILITIES, OIL
PROCESSING, SAFE DEPOSIT
LEASES, ELECTRICAL ENERGY,
TRANSPORTATION,
SALES
(IN-
CLUDING RETAILERS' AND MANU-
FACTURERS' EXCISE TAXES). Tax-
payers. Return and payment of , tax for
preceding month to Collector of Internal
Revenue.
Hitler
Mussolini
Girl Petting Dog. Running Deer
Pep up Keeney Anti-Aircraft and Air-Raider
Guns with these new inserts. Takes one minute
10 change.
SET OF 4 -
ONLY $3.95
X. L. SALES CO.
Greenvile Rd.
No. Smithfield, R. I.
ANOTBER MONTB
NEARER VICTORY!
~ k cJr-k"''.J<'>
INTERNATIONAL MUTOSCOPE REEL CO., Ini:.
PENNY ARCADE HEADQUARTERS SINCE 1895
Manufacturers' of Photomatic and Other Famous Coin Operated Equipment
44·01 ELEVENTH STREET, LONG ISLAND CITY, NEW YORK
Clip Ihe coupon and mail with you,r rem il-
tance today. California orders require an
addilional 3% sales lax.
THE REVIEW
1115 Venice Boulevard,
Los Angeles, California.
I am enclosing $ .. _ ... ___
....... __ _ . Please '
send me .................. , •.... boxes ·of your 1942
Greeling Card Sp'iicial. Imprinl as follows :
Mail 10: Name ...... ..:. .......... .
{- ,
Slreel ............................. .
Cily ................................... .
..Slale.
At the outbreak of the War THE REVIEW advised all subscribers in war areas that the facilities
of our organization were.. at their disposal, without charge, in the purchase and dispatching of
materials and machines they might -need to continue their operations in their respective areas.
Since then THE REVIEW has served many, and all have been pleased with the personal service
given their requirements. Whatever your needs might be, THE REVIEW will gladly purchase
and forward to you, as cargo space is available, any equipment you might need. Send ,us your
"want" list, with your remittance, and we will take care_ of your requirements. THE REVliw will
refer orders to advertisers in the nearest shipping point and see that equipment shipped is com-
pletely reconditioned and ready for . operating.
-
This service is GRATIS only to REVIEW subscribers. Send your communications direct to
COIN MACHINE REVIEW, 1115 Venice Blvd.; Los Angeles, Calif.
Mention of mE COIN MACHINE REVIEW is your best introduction to our advertisers.
COIN
MACHINE
REVIEW
6
FOR
NOVEMBER
1942
LOS ANGELES. -Details of the new
F ederal tax on cigarettes and cigars which
went into effect on Novemb er 1, 1942, are
related herewith by Collector of Internal
Revenu e Nat Rogan. Every dealer in cigar-
ettes or cigars should have taken an inven-
tory at th e close of busin ess on October
31, 1942, of all cigarettes or cigars on hand.
A floor tax is imposed on the dealer in ac-
cordance with the amount of stock set
forth in th e inventory.
Small cigarettes, the usual commercial
packages, are now taxed at $3.50 per thou-
sand as against the old rate of $3.25 per
thousand. Thus, each package of twenty
cigarettes calls for an additional tax of one-
half cent and each package of ten ci garettes
for an additional tax of one-quarter cent.
Large cigarettes which can be cut into
small er ones have an additional tax of six-
ty cents per thousand imposed upon them.
The new tax on large cigars, which
means all ci gars weighin g three pounds or
more per thousand, varies according to the
sales price. The incr eases are as follows :
Sales price not more than 2Y2 c each, in-
crease SOc per thousand.
Sales price more than 2Y2 c but not more
than 4c increase $1.00 per thousand.
Sales price more than 4c but not more
than 5c each increase $2.00 per thousand.
Sales price more th an 5c but not more
than 6c each in crease $1.00 per thousand.
Sales pri ce more than 6c but not more
than 8c each increase $4.00 per thousand.
Sales price more than 8c but not more
than 15c each increase $5.00 per thousand.
Sales price more tha n 15c but not more
than 20c each increase $4.50 per thousand.
Sales price more than 20c each increase
$6.50 per thousand.
LAST CALL
XMAS CARDS
for-----
December 51h is Ihe deadline on person-
alized G,r eeling Cards. All orders received
up 10 and including Ihe 51h are guaran-
leed 1,0 be delivered in lime for Christ-
mas mailing.
If you have nolalready senl your order in
do so now. Our 1942 Special consisls of
50 French Fold Greeting Cards in Gay
Christmas colors, 8 assorted designs
with envelopes to match, imprinted
with one line of copy, and delivered in
a mulli-colored Chrislmas presenlalion
box which can be used for gift-giving, al
Ihe aslonishing low price of
50 for SI.OO
POSTPAID
Tax Tip
INCOME TAX DEDUCTION FOR
CALIFORNIA SALES TAX
The new federal revenue act provides
that on future income tax returns de~
duction can be claimed by individuals
for state sales taxes paid on goods pur-
chased at retail, where the tax has
been stated separately by the seller.
This provision allows the person bear·
ing the burden of the tax to deduct it
even though, technically. he is not the
'"taxpayerH in states such as California
where the state law imposes the tax
on the seller.
For every dollar of deduction you
will save not less than 19 cents when
computing your next income tax return.
The importance of keeping records to
substantiate deduction claims is strong-
ly emphasized. CLIP nns TIP and
take it home to your wife.
The tax returns must be fil ed on or b e-
fore December 31, 1942, and must be ac-
companied by a remittance of the tax. The
tax return must be fil ed in dupli cate. Deal-
ers and manufacturers should apply as soon
as possible to the Coll ector of Internal
Revenue for th eir tax form s. The required
inventory must be made in duplicate, one
copy must be fil ed with th e tax return.
Owners and lessors of cigarette vend-
ing machines must prepare inventories
and file returns. Lessees of machines
are not required to do so. Retail estab-
lishments which own and operate cig-
arette machines are required to file
their own returns. All operators of
more than one place of business or of
cigarette machines in more than one
location need file only one tax return
but their inventories must disclose the
number of cigarettes or cigars on hand
at each specified location.
.
Specialty Coin Auctioned
CHICAGO.- At an auction held here on
Octob er 23rd, th e machinery equipment
and raw materials of th e Specialty Coin
Machin e Builders was disposed of.
DEC. TAX CALENDAR
DECEMBER 15
FEDERAL INCOME AND EXCESS
PROFITS TAX. Citizens, Residents,
Fiduciaries, Domestic Corporations'
and Domestic Partnerships. Last day
to pay fourth quarterly installment to Col-
lector of Internal Revenue; also last day
fo r Domestic Corporations to pay ' fourth
qu arterly installment of excess- profits tax.
FEDERAL INCOME TAX. Non-resi-
dent Aliens and Non-resident Foreign
Corporations. Third quarterlv installment
due the Collector of Internal Revenue.
DECEMBER 21
FEDERAL INCOME TAX. Withhold-
ing Agents. Monthly return of tax with-
held on bond interest fo r the preceding
month to be fil ed with th e Collector of In-
ternal Revenu e.
DECEMBER 31
FEDERAL TAXES ON ADMIS-
SIONS AND DUES, FACILITIES, OIL
PROCESSING, SAFE DEPOSIT
LEASES, ELECTRICAL ENERGY,
TRANSPORTATION,
SALES
(IN-
CLUDING RETAILERS' AND MANU-
FACTURERS' EXCISE TAXES). Tax-
payers. Return and payment of , tax for
preceding month to Collector of Internal
Revenue.
Hitler
Mussolini
Girl Petting Dog. Running Deer
Pep up Keeney Anti-Aircraft and Air-Raider
Guns with these new inserts. Takes one minute
10 change.
SET OF 4 -
ONLY $3.95
X. L. SALES CO.
Greenvile Rd.
No. Smithfield, R. I.
ANOTBER MONTB
NEARER VICTORY!
~ k cJr-k"''.J<'>
INTERNATIONAL MUTOSCOPE REEL CO., Ini:.
PENNY ARCADE HEADQUARTERS SINCE 1895
Manufacturers' of Photomatic and Other Famous Coin Operated Equipment
44·01 ELEVENTH STREET, LONG ISLAND CITY, NEW YORK
Clip Ihe coupon and mail with you,r rem il-
tance today. California orders require an
addilional 3% sales lax.
THE REVIEW
1115 Venice Boulevard,
Los Angeles, California.
I am enclosing $ .. _ ... ___
....... __ _ . Please '
send me .................. , •.... boxes ·of your 1942
Greeling Card Sp'iicial. Imprinl as follows :
Mail 10: Name ...... ..:. .......... .
{- ,
Slreel ............................. .
Cily ................................... .
..Slale.
At the outbreak of the War THE REVIEW advised all subscribers in war areas that the facilities
of our organization were.. at their disposal, without charge, in the purchase and dispatching of
materials and machines they might -need to continue their operations in their respective areas.
Since then THE REVIEW has served many, and all have been pleased with the personal service
given their requirements. Whatever your needs might be, THE REVIEW will gladly purchase
and forward to you, as cargo space is available, any equipment you might need. Send ,us your
"want" list, with your remittance, and we will take care_ of your requirements. THE REVliw will
refer orders to advertisers in the nearest shipping point and see that equipment shipped is com-
pletely reconditioned and ready for . operating.
-
This service is GRATIS only to REVIEW subscribers. Send your communications direct to
COIN MACHINE REVIEW, 1115 Venice Blvd.; Los Angeles, Calif.
Mention of mE COIN MACHINE REVIEW is your best introduction to our advertisers.
Future scanning projects are planned by the International Arcade Museum Library (IAML).