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January 19, 2012     Times
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January 19, 2012
 

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FOR SALE Framed 8x10 Elkhart Depot with Illinois Terminal Co. Interurban, Best Offer, 796- 3554 or 671-9236 FOR SALE $150 Child Craft solid oak convert- ible baby crib, converts to toddler or full size sleigh bed; W/mattress & pad, dust ruffle, & 2 sheets, 792-5665 FOR SALE China cabinet, gd cond., 1 drwr, 2 drs at top for dish display, storage space at bottom, 43" long, 71" tall, med wood color, 732- 4902 or 671-6545 WANTED 30 gallon steel barrels, 732-2063 WANTED Trailer 5-6' wide x 8-10' long in gd cond 217-963-2424 WANTED Rototiller motorized to pull behind garden tractor, 36" or wider 217-963-2424 WANTED Local welder wants your broken metal yard tools. If it's metal - shovels, rakes, and hand tools he'll take them off your hands. He's also looking for old saw blades, door hinges, and ? 737-5100 Income Tax Thougf.,5 By Mike Lakin As we prepare to prepare our income taxes - here's some taxing facts... $ President Lincoln and Congress enacted the first income tax in 1862 to pay Civil War expenses. $ The Civil War income tax was repealed in 1872, revived by Congress in 1894, and ruled unconstitutional by the Supreme Court in 1895. $ In 1913, Wyoming was the deciding vote in the 16th Amendment that gave Congress the authority to collect income tax.. $ The first income tax was 1 percent on net personal incomes above $3,000. There was 6 percent surtax on incomes over $500,000. $ The first 1040 form was 4 pages long - including instructions. Today, the instructions alone are 92 pages. $ During World War I, the highest rate of income tax was 77 percent. Taxes were used to help finance the war. $ In 1954, the tax filing date changed from March 15 toApri115. $ Electronic filings started in 1986. Today, e-filings have an error rate of 0.5 percent versus an error rate of 21 percent for paper filings. $ The Gettysburg address is 269 words, the Declaration of Independence is 1,337 words, and the Holy Bible is 773,000 words. However, the tax law has grown from 11,400 words in 1913, to over 7 million words today. $ There are at least 480 different tax forms, each with many pages of instructions. $ The IRS has 8 billion pages of forms and instructions. $ American taxpayers spend $200 billion and 5.4 billion hours working to comply with federal taxes each year, more than it takes to produce every car, truck, and van in the United States. $ 60% of taxpayers must hire a professional to get through their own return. $ Taxes eat up nearly 40% of the average family's income; that's more than for food. clothing and shelter combined. Thursday - January 19, 2012 Quotes are often M. Tait's shared here and that will continue this time 'round. Some can be attrib- uted and some cannot, either way, here they are for your consideration. The first one is Jus' Thinirdn' from Norman Mat- toon Thomas, a six-time presidential can- didate for the Socialist Party of America, including 1940, 1944, and 1948. " The American people will never knowingly adopt socialism. But, under the name of "liberalism" they will adopt every frag- ment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." He went onto say, "I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform." Winston Churchill said, "Socialism is a philosophy of failure, the creed of igno- rance, and the gospel of envy, its inherent virtue is the equal sharing of misery ... " Then there are these statements... 1-You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity. 2-What one person receives without working for, another person must work for without receiving. 3-The government cannot give to any- body anything that the government does not first take from somebody else. 4-You cannot multiply wealth by divid- ing it. 5-When half of the people get the idea that they do not have to work because the other half is going to take care of them; and when the other half gets the idea that it does no good to work, because somebody else is going to get whet they work for, that is the beginning of the end of any nation. You may be asking, OK, so what's the point? One could look at these statements and compare and contrast them with a standard. Then the question arises, what standard? Is it the one of our own shift- ing desires, or a more lasting, proven wisdom? The standard, the structure and framework for this country, would be the founding documents and principles, including the Constitution. Study or ponder these statements in view of the actual founding documents, not what you think you know, or what you remember, or what you have been taught, but the documents themselves, and see what you might be thinldn: Mt. Pulaski Times USPS No. 365-660 is published semi-monthly (twenty-four times-issues) per year by Michael Lakin, 311 S. Washington St., Mt. Pulaski, Illinois 62548. Business and Editorial Offices: Accounting and Circulation Offices: Michael Lakin, 311 S. Washington St., Mr. Pulaski, Illinois 62548. Call 217-792-5557 to subscribe. Periodical Postage is paid at Mr. Pulaski, IL 62548 POSTMASTER: Send address changes to: Mt. Pula',ki t'imc. C 0 Mi,chacl Lakin. PO Box 114 - 31[ S. Vva,,bi0gtoa Nit. l'ula',ki. Illinois 625J, Office: 217-792-5557 times@frontiernet.net Photo taken at Marcel A. Duboce Photography Studio in Mt. Pulaski. Only these seven gentlemen knew the occasion recorded. Saturday in Mt. Pulaski - was the caption. Photo was taken from the second floor of the IOOF Building looking south on Washington. Saturday, February 4, 2012 4:00 - 7:00 pm Cornland Fire Department 1133 Locust Avenue, Cornland, IL 56.00 for Adults ] $4.00 for Children Dinner includes: Chili or Soup, Dessert and Drink Carry Outs Available 50/50 Raffle 50/50 raffle tickets may be purchased in advance from a Cornland Fire Department Member or on February 4 during the Chili Supper. Mt. Pulaski Times 11