The Anniston Star from Anniston, Alabama • Page 10

Effect Increase Tiax -'V 10 Ehf AmtiBtmt fttefMondoy, July 8, 1968 Tax Hike Is 7 I I 71 V7V" i Gan Be Minimized Economy, Drag By SYLVIA PORTER plying to you is no. 3 (married withholding, your i-t he 1 amount will generally be in- persons or surviving spouse fij- (First of a Series) fourseou-arehoroughlyirg-ain Ao on illiictratinn cav von aro surcharge by some unofficial es-1 aware that 70W paycheck and surcharge of $51 applicable to a JOSEPH R. COYNE" -J Mil a.awwv. ka HI ti.i a nt tfi7 oinn imn Unol nrrioH parti 1200 a Wl The jtlm atesrould re suftiir air unenr-j tax increse which goes into ef ployment rate exceeding 4 per cent in the first half of next year to be applied from April 1, 1968 kill If illblt'vv, vv. for individuals and from Jan.

1, feet in mid-July will brake a "peedifigeconomy7 more than the government's experts' had planned but they foresee- no se "We're certainly aware of the Jftve few exmptions--Your weekly withholding will be increased from $23.20 to $25.60, cutting your take-home pay by '-7 Many of you may be under-withheld for 1968 and. have to nw nJ nirlillAnil taY fif But say you are a married man with a regular tax for 1968 of $2,500. Your surcharge is IVz jier'cent of $2,500 or $187.50. You rrust do the multiplying yourself 1968 for coporatioris and to last through June 30, 1969. problem and -are sensitive to --it," one key government source 1, This means that the surcharge rious problems as yet because your tax is at the $734 fQrJhejmilUpns oflendar year Coupled with the $6 billion unsaid of the extra restraint, individual taxpayers will ac-lor more limit.

yaj air ctuunnnvei but we don't see any clear1 spending cuts, the income tax tually be only Vh. per cent for gft a refund when you file your 1968 Ut fJ jdHf rfe fr-- for 1968. evdence it's serious at thi time." In addition to adding spending! cuts President Johnson didn't! But you're the rare exception indeed if you know the fine ints of the new law at tjjis stage and have even the vaguest want, Congress waited longer than the administration had i Fund Drive For Simpson Continuing If you are a low bracket individual taxpayer, you are either exempt from surcharge or you pay less than the full amount. There is no surcharge for single individuals with $1,000 or less of taxable income; married couples with $2,000 or less; heads of household with $1,500 or If you have an income just above these amounts, a special transition provision will prevent hoped in approving higher tax till MvM-77 es, thus jamming the collections iriUlU III IffUJ. illG i taoun that while your withholding is increased by about 10 per cent, it.applies for only about half of 1968.

This produces roughly a 5 per cent increase in taxes prepaid through withholding this year or 2 points less than the 7. per cent surcharge fr the year 1968. If you are an individual who files a declaration of pstimated tax, you will have to ihn ciirrhnrup in vnnr into one year instead of spread rations about how to minimize the impact of the tax increase on your pocketbook or cash register. Here, therefore, are key facts and guides for you, compiled in collaboration with Leon Gold, chiefJax expert of the Research ing them over a longer period. Collection of the 10 per cent tax surcharge through in- The Helping Hand Club of An- Sctnn Vi-jc vntpH fn (Witinnp its t.tnnc.

fnr.tho latp 'creased withholding from pay- A 7-H i I xv 1 Institute of America. a sudden tax hike for you. This provision gradually removes the beyond the exempt level. It ap- to iJUiy is a ouuuay, uic eiicc AinA Tuna ot Sf regular income tax for 1968 n'UTcem-HospitaHn Birmingh or after Sept. 16, 1968.

If yott arebasing your- to a single iaxpayer with a 1968 tax return which you will taxable income between $1,000 nd a married taxpayer of. chronic uremia of both! iU- 7 k'dnevs me economists nave ex' According to Robert Hendrickj Pressed fears the extra restraint ihiin rfliatinns HirpHnr for thp'of the tax-spending package- file next April, you must find your surcharge in official tables with an income between $2,000 and a head of household with a taxable income between supplied by the- Treasury and nii.K simnn's widnw is nnw the shift from the economic ac- -74 'u7 regular tax. celcrator to the brake is thi fated with unpaid hospital and You are required to use the $1,500 "and $2.780. sharpest in two decades miglu nodical bills totaling $3,000. He You will find these limitations tables even though a separate said that $850 has been received force a sharp rise in unemploy multiplication of your tax by 7Ms and the "notch" provision work thus far per cent for 196 8 might come ed into the official tax tables so that you won't have to do your out to a few pennies less.

ment and possibly a recession. Top government economists dispute th'is, but none of the ex estimate on your prior year's taxes, you must increase it to reflect the surcharge in order to avoid penalty for underpayment of tax. Tomorrow: More key guides oj applying the surcharge. Thant 31eets Zhivkov SOFIA, Bulgaria General Thant of the United Nations conferred Tuesday with Bulgarian Premier Todor Zhivkov and Foreign Minister Ivan Bashev at the Ewuksinograd Palace on the Black Sea as part of Thant's Eastern European tour. If you are among the year individuals with own figuring to arrive at your surcharge.

Donations can be mailed to the Helping Hand Club, Box 927, -Anniston, or donations can be deposited to the club's account lOny CaUToTJfi Connty bank. perts challenges Die idea of An an illustration, say you are ness end of the camera which contains an electronic strobe light and lens, and en picture of the camera in patient's stomach. The new instrument provides color pictures which, along with X-rays, give more complete information for diagnosis of internal ailments. regular taxes of $734 or more, when you prepare your 1968 single and your tax from the PHOTOGRAPHING STOMACHS Gastro camera is Innovation used at Jewish Hospital in St. Louis, Mo.

Top right photo shows Dr. Burton Shatz, associate director of medicine, looking into the view-finder of the camera which is attached to a flexible shaft. With him is Dr. Jay B. Shumaker, an assistant resident.

Other photos show the busi return, you must figure out your regular optional tax tables and before the surcharge surcharge for yourself n'ultiplying your regular tax by some increase in unemployment. What's anticipated now is a slowdown in economic growth during the first half of 1969 to a range of 1.5 to 2 per cent in real terms. A 4 per cent growth rate is considered the ideal. But the experts currently comes to $211. Your surcharge is in the new surcharge table 1 7Vi per cent for '68, and add (single person, other than head.

New From Markets Licenses of household, and married person filing separate return). This will show a surcharge due foresee 'no decline, in the. econor that onto your regular tax. As an illustration, say you file a 1968 joint return and show a tax" of $671 "before figuring the surcharged: surcharge of zVh. per cent of $673 would be $50.48.

But" since "your regular tax is below $734, you must use the of $10 instead of the $15,83 Market Rallies: which would be due on a straight 7 per final tax is $221. If your pay is subject to To Marry Tiiwlssued Claud eJSaivyer Is Bound Over Claude Sawyer. 63, of 1421 Brown pleaded guilty, today to a drunkenness charge and a burglary charge. Sawyer was bound over to the grand jury on the burglary charge and -his-bond wassetUU00rThe drunkenness charge was hoi prossed. The warrant for his arrest was signed by a gillie Mae Watley who said she awoke to find Sawyer standing over her bed.

She accused Sawyer of She Said that he" was not drunk 421 NOBLE ST. my or even a pause similar to the one which occurred during the first half of 1967. This prediction is based how everon- belief Reserve Board will cooperate-by easing the nation's credit to compensate for the extra re tables. The Treasury table ap 4fter-Weekend Fourteen marriage licenses 43 29 have been issued by Calhoun straint in the tax-spending pock- age Union Carbide Corp. U.

S. Pipe Uniroyal U. S. Steel Western Union 0478 NEW YORK (AP) The stock market rocketed to- a sizable gain this afternoon after a four-day rest. Gains outnumbered losses by Brittain.

Gross National Product, the 39 48 Those receiving value of, all goods and services Prentiss VanSant Johnson of produced in the economy, W.esttagho.u'seEJec.tri? morehanto-JJEheItow. PtoTtrffiYrft Bf 1 anAlf'srmrBf- 33 climbed oy a recora Dimon aL. rate during the 'Lonora Washington of Rt 1 Jones industrial average at noon Winn-Dixie intide.nt. BIB f. 011 Q7 Robert Eugene Douthit ofra.

ul" a ai Sawyer said he was looking. first quarter of this year 6 per Am cent growth in real termwiSjTaTOmffll iii. wir fnr" a siiahfiv Rrvant. nf Wellington! "Rt. 1.

lk mlllln more.shares than for NORTH GEORGIA POULTRY- or her father. She said that $awyer knew that-her father did not stay there. smaller advance in the second! Hugh Huey of Piedmont and like period on Wednesday, ATLANTA Ga. (AP) Demand very good live Broilers and fryers today Mary Harkness of the, last day Prior to the quarter. Prices at farms mostly U'j cents.

Trading moderate offerings adequate to short on hens. Prices at farms. Heavy A slowdown to about $10 bil type mostly 11, light type 6. 2 Juiy weesena. Charlie Dewey Waits of Rt.

new YORK STOCKS iJaryptJi Murphree of, NEW YORK (UPIj- Midday lion quarterly is now foreseen the first half of .1969 with a resulting rise in unemployment. GEORGIA HOGS THOMASVILLE, (AP) Georgia, Florida, Alabama packer hogs 3,300. Bar Samuel Timothy Grey of rows and gilts mostly steady although stock prices: Alabama Gas American Can Co. some early sales 25-56 higher. Sales on Florence, S.

and Lois Michelle Holewinski of Indiana. Plant delivered oasis: Mixed ito. i ivu- 19 517 240 lbs. 20.50-21.25, 42 head 1-2 21.50; 2-4 190-240 lbs 20.25-20.75, few 20. 3 George Bruce Sparks, of American Enka 4 240-270 lbs Anniston and' Henri Lou Gunterj American Motors 13 Child Argument Ends In Court An areument between two of Rt.

3. NORTH ALABAMA POULTRY BIRMINGHAM, Ala. (API Broilers American Sugar Ten. pcrancc Unit (To Meet Sunday The Calhoun County Temperance League will meet Sunday at First Methodist Church at 2:30 p.m. A printed report of the past year will be presented by the steering committee.

The Rev. John L. Norman, pastor of First Baptist Church in Jacksonville ls chairman. The nominating committee will present nominations for the 1968-69 officers. Jhe new officers will take office at Jimmie L.

Walker of Atlanta, and fryers: Undertone firm. Ready to American cook demand very gooo ana interest exceeds operating capacity In many 314 52'4 34 Vh 43 39 and Carrie Hall Bailey ofiAmerkan Tobacco Anniston. Babcock Wilcox Processors Indicate excellent By day, she's a phone company employee, the voice with a smile, putting through calls, giving Directory Assistance. Then after work she dons her Gray Lady cap and uniform, heads foCity Hospital, and spends the- evening helping patients and nurses. That's the way it is with so many telephone people.

-Service gets to be a way of on and off the job. inquiry tor extra prooucts tor immediate shipment: but very little js available. Raymond Lee Adams of Bendix Com i ni Some trading is sutncienr to indicate price trend. Live supplies In close balance children brought their mothers to court today. Mrs.

Jewel" King, 48, of 1827 W. 13th was charged with assault with a brick on a minor. The children, 10 and 14 years old, were said to with weights Irregular but generally light. Estimated slaughter today 1,317,000 compared to 1,374,000 last Mon Greensboro, N. and Sherry Dianne Wallace of Weaver.

Jlaymond Knox of Oxford, Rt. 7, and Carolyn Bailey of Hobson Borden Burlfngton Industries Carolina Power Light Chesapeake and Ohio 42 395, 69y8 day. U.S. Grade Ranged 27.70-21.50, largest volume weigniea averaae 27.97. Plant Grade Ranged have been involved in a fight 27.

largest volume 2 7. 5 0- 2 I -64! ClwysW--CoFpi. weighted -Billy Ray-Jeffers "and Brenda Colgate-Palmolive according to the testimony of Dr. R. Elmer Nielsen, ex- 46 29' 4 secretary of he ine crafts.

JrUabama Temperance Alliance, Judge Kd Harwe i gave Mrs. uruss wngnr a 00n.iFrancella Hendricks, both rhom, suspended sen 76 King a 30-day Anniston. Dt.Af.1m TiTnnU nf Duke Power 39-Va 159'8 Recreation Program Set AtEulaton tence and asked both mothers to watch their children and try to keep harmony in the vai 1 jicaicjr my Pont Mcintosh Fla. and Sarah Jean Eastern Aif Unes 33 will be the featured speaker. Representatives from all fchurches in Calhoun County are expected to be in attendance.

Trhe is an interdenominational organization works through the churches Calhoun County. Guthrie of Guntersville. UnrrU firi A I Eastman Kodak! neighborhood .80 Mrs. King said she only threw 52i 85 80 40 Va Johnny Everett Traffenstedtlenera! ann wonH9 General Telephone not at her neighbor's daughter. Her son threw the brick, which is supposed to hit the girl on the foot, she said.

The Calhoun County Improvement Board has made it possible to organize" a recrea Georgia racuic torpi King of Wellington, Rt. 1. Goodrich Rubber tional program at Eulatoh School for approximately six Bo Bound Over weeks this" summer, according to W. O. Mitchell, school prin cipal.

Now in operation is a pro gram at Walter Wellborn for the MAKE GOOD MONEY- IN ANNISTON Own ond operate our 1 Professional "Employment Service fron. chise in this area. Complete training. Prestige business. Regulor hours.

Low investment. Next class Aug. 1 Act now. Coll collect to Don Brown (215)644-8100, or write SNELLING AND SNELLING, IMC, PAOLI, PA. 193dl.

teen-age girls. The effort will be an op Goodyear Rubber Great A Gulf Oil Illinois Central Indian Head Mills Interchemical Corp. International Harvester International Paper International Johns. Manville Copper Kroger Co. Liggett 4 Myers Lockheed Aircraft -Lorillard Tobacco Louisville Nashville Middle South Utilities To Grand Jury Charles Parker, 16, of 1209 W.

16th was bound over to the grand jury today in city court on a burglary charge. Parker and a 10-year-old companion are accused of breaking into a window of the Commodity House, 230 W. 14th and taking $9.32. Police said -Parker's mother portunity for those children who are not already engaged in sum 76 68 54 28 Mi 76V4 71 36 337g 32 34 56 61 45 30 42 57 53 83 24 109 47 46 34:14 43 56 23 mer, programs to enjoy health building activities- under supervised leadership, Mitchell said. The purpose of the pro: gram is to add to the area ac A Tribute To tivities by trying to involve those children who, for various reasons, did not wish to be a Minnesota -Mining 'Mobil Oil part of the other programsvin the "area.

Public Health Week! took him to the police station r-nd at that time he said that he did take the money. Parker said in "court -that he found the money near the railroad tracks and did not steal It. Parker said that he and his companion found the. window open at the Commodity house and did not take anything. He stated that they found and some change and counted it.

The amount came to $9.32. Parker's bond was set at $750. "We are asking that all elementary school children who are interested in this program and as many of their parents Monsanto Chemical Montgomery Ward National; Dairy National Gypsum Pan American J. C. Penney Penn Central Pepsico Philip Morris Phillips Petroleum 03 as possible meet at Eulalon School Tuesday at 3 p.m.

for 48 53 further discussion and plan ning," Mitchell said. 'A ntion'i greatness is foundrdnJleiWl. What simple statement could sum up more effectively the ever-increaslnjr need for better health protection, America has more doctors, more fine hTnpitals, more modern clinics, more free dispen. 56 48 The 10-year-old was turned over to the juvenile authorities. 42 Registrars Set 5-Day Session 37 .43 51 70i RCA Republic Steel Reynolds Metals 1 Reynolds Tobacco Seaboord Coast Line' Sears Roebuck Sinclair Refining Southern Company Southern Natural Gas Southern Railway Sperry Rand arles than all the rest of the world put torether.

yet our "Health quotient" is not nearly what it should and could be. Give YOt'R unstinted and generous support of this reatest-of-all movements. You MAY save your own life! The Calhoun County Board of 82T8 Registrars will hold a five-day 27 Divorce Decrees Issued To Six Three final divorce decrees have been issued by Calhoun County Circuit Court in Equity. Those receiving divorces: Retha C. Marker of Calhoun session beginning Wednesday, 49 55 except -Saturday, and Sunday, through Tuesday.

Voters 52 wishing to register can go to Room 3, County Courthouse 55 69 Standard Oil (Ind.) Standard Oil County and Jimmy L. Marker, of between 8 -and 11:30 a.m. and 1 60 Studebaker Anniston. South Central Bell and 3:30 p.m. This is the last chance to register for area city elections.

89 27 "77 45 ,37 41 Sun Oil Swift Company Texaco 7 Texas Gulf Sulphur Timken Union Camp 7 Emogene Patterson' of Talladega, Rt'. 3, and Bruce Allen Patterson of Alfred, C. MtfGathy of, Anniston and Brenda McGathy of Ohio. We Sal ute Our toWn Registration sessions, for national, elections will be held monthly through October..