Image provided by: University of Oregon Libraries; Eugene, OR
About Illinois Valley news. (Cave City, Oregon) 1937-current | View Entire Issue (Feb. 5, 2003)
Illinois Valley News, Cave Junction, OR 97523, February 5, 2003 Page 12 The Savvy Senior by Carol Martin United Seniors Association Chairman and Chief Executive Charles W. Jarvis praised President Bush's Economic Stimulus Plan as a substantial tax savings to seniors and questioned why the largest seniors' group, AARP, has yet to endorse the plan. "Fifty-eight percent of all Sen- iors with incomes over $15,000 receive stock divi- dends, so the Bush Plan will help a lot of seniors - 9.8 mil- lion seniors to be exact," said Mr. Jarvis. "It's time for the liberals to stop their class war- fare rhetoric and give seniors the tax relief they want and need." The Bush Economic Stimulus Plan will correct a major dis- tortion in the tax system, which taxes stock dividends twice, once at the corporate level as profits and a second time as dividend income to individual shareholders. In 2003, 35.4 million stock- holders will receive dividends from corporations that they would otherwise have to in- clude in their taxable income: * Of the 28 million taxpayers 65 and older in 2003, 9.8 mil- lion receive dividends (35 per- cent of those 65 and older receive dividend income); * Almost half of all tax savings under the dividend exclusion goes to taxpayers 65 and older; * The average tax savings from the exclusion to taxpay- ers 65 and older who receive dividends is $936 per return. (The average tax savings to all seniors is only about one- third of this amount, since about two-thirds of seniors do not receive dividends.) "Under the Bush Stimulus Plan, 13 million senior taxpay- ers will get an overall average tax cut of nearly $1,400. Our seniors, their children and their grandchildren are count- ing on Washington to throw politics out the window and pass the Bush Plan, a plan that will help them pay bills, buy prescription drugs and stay warm this winter, without mortgaging our future," said Mr. Jarvis. (c) 2003 DBR Media, Inc. IVHS School Menu - Sponsored by SISKIYOU COMMUNITY HEALTH CENTER 319 Caves Hwy. 592-4111 THURSDAY, FEB. 6 cheeseburger, chicken sandwich, hamburger, turkey & cheese sub, ham & cheese sub, chef salad, Mandarin chicken salad, vegetarian pizza, pepperoni pizza, nachos, spaghetti & breadstick FRIDAY, FEB. 7 Cheeseburger, chicken sandwich, hamburger, turkey & cheese sub, roast beef sub, chef salad, Mandarin chicken salad, Hawaiian pizza, pepperoni pizza, beef tacos, corn dog & fries MONDAY, FEB. 10 Cheeseburger, chicken sandwich, hamburger, turkey & cheese sub, ham & cheese sub, chef salad, Mandarin chicken salad, vegetarian pizza, pepperoni pizza, chicken fajita, chicken nuggets with potatoes and gravy TUESDAY, FEB. 11 Cheeseburger, chicken sandwich, hamburger, turkey & cheese sub, roast beef sub, chef salad, Mandarin chicken salad, sausage pizza, supreme pizza, beef & bean burrito, rib-b-que, potato wedge WEDNESDAY, FEB. 12 Cheeseburger, chicken sandwich, hamburger, turkey & cheese sub, veggie sub, chef salad, Mandarin chicken salad, cheese pizza, pepperoni pizza, taco salad, soup of the day, hot ham & cheese pocket