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® April 14 2010 Vol. XLVIII • No. 8
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Inside
Baltimore Begins Ambitious Waterfront Plan By Brenda Ruggiero CEG CORRESPONDENT
Wheel Loader Gets Its Daily Dose of Veggies…8
Kawasaki Unveils ‘For the Cure’ Wheel Loader…42 1913 IRS TAX FORM –The Good Old Days– Last year, CEG dug up and published this original IRS 1040 tax from 1913. Try sending this one in on April 15! We thought we’d republish this for you as all of us pore through the myriad forms that have become our tax returns. There’s actually three more pages to this thing, with one of them being instructions and the other two similar (and simple) fill in the blanks. Note the tax percentages … now there’s a stimulus! Of course, not all folks pay taxes anyway. According to a CBS news report, quoting a Tax Policy Center survey, roughly 43 percent of Americans pay zero or negative federal income taxes in
TO BE FILLED IN BY COLLECTOR.
Form 1040.
List. No.
TO BE FILLED IN BY INTERNAL REVENUE BUREAU.
INCOME TAX. District of
File No.
THE PENALTY
FOR FAILURE TO HAVE THIS RETURN IN THE HANDS OF THE COLLECTOR OF INTERNAL REVENUE ON OR BEFORE MARCH 1 IS $20 TO $1,000.
Date received
Assessment List Page
Line
(SEE INSTRUCTIONS ON PAGE 4.)
UNITED STATES INTERNAL REVENUE.
RETURN OF ANNUAL NET INCOME OF INDIVIDUALS. (As provided by Act of Congress, approved October 3, 1913.)
RETURN OF NET INCOME RECEIVED OR ACCRUED DURING THE YEAR ENDED DECEMBER 31, 191 (FOR THE YEAR 1913, FROM MARCH 1, TO DECEMBER 31.)
.
Filed by (or for) (Full name of individual.)
The project will include 1,200 linear ft. (365 m) of shore line stabilization, 950 linear ft. (289 m) of wetland creation, and 4,500 tons (4,082 t) of class II riprap. To date 198 tons (179 t) of MD No. 2 stone have been received.
of
in the City, Town, or Post Office of
(Street and No.) (Fill in pages 2 and 3 before making entries below.)
The first phase of public improvements for a $1.2 billion mixed-use development project recently began in Baltimore, Md. Westport Waterfront involves 50 acres (20.2 ha) along the Middle Branch of the Patapsco River. American Recovery and Reinvestment Act of 2009 (ARRA) funding totaling $620,500 will be a portion of the money used to reconstruct the shoreline and create the waterfront tidal wetlands. The construction manager for the shoreline reconstruction, wetland installation and infrastructure construction is the Whiting-Turner Contracting Company, based in Baltimore. The project is under the direction of Karl F. Mattoon Pletl and was awarded by the Maryland Department of the Environment. Work began in December 2009. Shoreline reconstruction is set for completion in May 2010, and the overall project is expected to take eight to 10 years to complete. Westport Waterfront is a 50-acre transitsee WESTPORT page 36
State of
1. GROSS INCOME (see page 2, line 12) $
2. GENERAL DEDUCTIONS (see page 3, line 7)
$
3. NET INCOME Deductions and exemptions allowed in computing income subject to the normal tax of 1 per cent.
$
4. Dividends and net earnings received or accrued, of corporations, etc., subject to like tax. (See page 2, line 11) $ 5. Amount of income on which the normal tax has been deducted and withheld at the source. (See page 2, line 9, column A) 6. Specific exemption of $3,000 or $4,000, as the case may be. (See Instructions 3 and 19)
Total deductions and exemptions. (Items 4, 5, and 6) $ 7. TAXABLE INCOME on which the normal tax of 1 per cent is to be calculated. (See Instruction 3) $ 8. When the net income shown above on line 3 exceeds $20,000, the additional tax thereon must be calculated as per schedule below:
The Good Old Days? …112
Health Care Subsidy Provision Causes Stir By Giles Lambertson CEG CORRESPONDENT
Table of Contents ........4 Paving Section....79-109 Business Calendar....116 Parts Section ............124
America’s drawn-out and contentious debate about health care did not end with the passage of the Patient Protection and Affordable Care Act, which was signed into law March 23. In
some respects, the national argument has just begun — and construction equipment manufacturers Caterpillar and Deere & Co. suddenly find themselves at the heart of it. Just two days after the bill’s signing into law, President Obama was in Iowa when Deere, Iowa’s largest employer, announced that the value of its assets dropped by $150 million as a
consequence of one of the law’s provisions. Deere said the change would be recorded as a one-time cost in the second quarter; its stock dropped the next day, losing 29 cents per share to $60.20. The construction and agriculture equipment see PROVISION page 22
N.Y. Halts Construction Projects in Fiscal Crisis By Michael Gormley
Auction Section130-152
ASSOCIATED PRESS WRITER
Advertisers Index ....150
ALBANY, N.Y. (AP) Gov. David Paterson is suspending hundreds of current and new construction projects because of the state’s budget
woes, including a highway to Fort Drum and a major interchange on Long Island. Paterson administration officials told The Associated Press on March 30 that all projects not paid for by federal economic stimulus funds will be delayed until the Legislature and the
governor agree on a 2010-11 budget or emergency funding. The extraordinary order also tells contractors on existing projects that the state won’t fund any work after the start of the new fiscal year on see BUDGET page 38