Image provided by: Morrow County Museum; Heppner, OR
About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (Sept. 24, 1981)
mpi w.i mini y ny -)n"Tp ippH jpi x.ii ' y" y-jpapi- apt ugar'ifri m The llrppnrr Gazetlr-Times. Ilrppner, Oregon. Thurtday. ftrptf mbr 24. 1MI-FIVE Oose to Home Mary Ann Cerullo More and more people are going back to school these days who wonder how they can meet (he ever Increasing price of , tuition. These people include the bored and frustrated businessman, the resting housewife, the divorcee, not to t mention teachers who worry how they are going to puy for . their courses before their school district reimburses them. And of course there are the young people Just out of high , school (or still in) that look forward to college but are discovering that only the very rich or the very poor can afford it. The first step is to look for financial help. But where? One option ia to pay someone to find Just the right scholarship for you. There Is now an organization called Scholarship Search which,' for a fee of $57 will locate five to twenty-five scholarships not under government aide for which the applicant is eligible. For an Information packet, send $1 to: Scholarship Search, 1775 Broadway, Suite 627R, New York. N.Y. 10019. There are currently five Federal financial aide programs designed especially for the young person: 1 1 Basic Grants 2) SEOG 3 Work -Study 4) National Direct Student Loans and 5) . Guaranteed Student Loans. To receive a free step-by-step guide on how to apply for each of these programs send a postcard with your name and address to Consumer Information Center, Department 50, Pueblo, CO 81009. Ask for a "Student Consumer's Guide" No. 535J. And for the frustrated adults who would like a free source of information, write to: National Science Foundation, Publications Office, 1800 G St. NW, Washington D C, 20550. "A Selected List of Fellowship Opportunities and Aids to Advanced Education" gives all the major aid sources and has a bibliography of 43 additional books and pamphlets. My hat goes off to you who are trying to improve yourselves in today's world and must fight the system to do it. Keep on punching! Books donated to library by ministerial assoc. . Repeal of 'Widow's tax' to be discussed in Pendleton A joke amoiu! farmers these days Is Ihot any former uoina to the , f.r;if Wlie;il Field in the Skv" should wnit until January 1. l')K2 Thnl's when the repent of the infamous "widow's tax" will lake effect, As it is now. when a farmer dies, his estate is heavily taxed, and some times the survivors have to sell the family farm to pay up. This repeal is lust one of the dramatic benefits to farmers and small business owners in the federal F.eonomic Recov ery Tax Act of KUU To help farmers and busi nessmen learn how to take advantage of all the benefits available in the Act. the Oregon Wheal Foundation is sponsoring an all-day seminar with Dr, Neil Harl. one of the nation's foremost farm tax experts. Co-ponsores are Blue Mountain Community College and Walla Walla Community College. )r Harl i an award-winning lawyer-economist at Iowa Slate University. He has written more than 4ki articles on taxation, estate planning and farm business. His book, Farm F.state and Business Planning, has more then 130.000 copies in use He also has published a 10-volume reference on agricultural law. Dr Harl has given similar talks lo professionals in the lax field -- accountants, life underwriters and atlornevs dealing with the technical aspects of (he new laws. His seminar Oct, 2 will be aimed at non-professionals - farm ers and businessmen - so that they will be more informed when working with their accountants and lawyers. What is the Economic Re covery Act and why is it so important to farmers? The Act. in addition to repealing the widow's tax. cuts estate, gifi and capital gains taxes ond speeds de preciation of farm equipment and properly. But. says the September issue of Farm Journal, the changes are "so dramatic, you'll have to make adjust ments even if you've already made estate plans. You'll need to rethink your will, review how property is held and maybe even look at your life insurance." Among the benefits of the new law: An unlimited marital deduction from the taxable estate of the first spouse to die: also applies a to gifts to a spouse. - The unified credit allowed against eslate and gift taxes will inciciise lor nix vears. allowing larger esl;ili In pass lax-free, - Crop-hhare lenlals may now be used In the valuation formula. The seminar is scheduled for 9 a.m. Oct. 2 in the Red Lion-Indian Hills Motor Inn in Pendleton. The cost is $50 per person. Additonal persons from the same family or business will be charged $35. Advance registration may be made by contacting the Oregon Wheat Growers Lea gue office. P.O. Box 400. Pendleton. Ore.. 97801, 276 7330. The Oregon Wheat Founda tion is the educational arm of the Oregon Wheat Growers League, a non-profit organiza tion representing Oregon's wheat farmers. Ore. Retired Educators slate Oct. 3 meeting Oregon Retired Educators Assoc. Unit No. 9 will meet Sat.. Oct. 3 at the Elks Lodge in Milton-Freewater. A business meeting; will begin at 11 a.m. followed by luncheon at noon, Mrs. Ken Tellefson. Milton- Freewater. will give a demon strations on flower arrange ments. All retired teachers are welcome as well as those nearing retirement, said a group spokesperson. - - vmar auu K"1 'axes BMGC area coordinator sets hours x Look good! reel iiu Long-lasting, good looking Red Wing Pecos pull-on boots are made for fun or work. Vbu can depend on them for the kind of heel-huggin', easy wearin' m inai manes long, nara Oays seem shorter. Pick a pair of Pecos and feel fit. SIZES AAA-EEE 5-16 Haimi0mmt 1155 X. n SV, i Ml b.s i John Maas, secretary-treasurer of the South Morrow County Ministerial Association presents Bethel Heinrichs. librarian, 14 books on behalf of the assoc. "We're delighted, we're needing hooks in this area," said Heinrichs. Nancy Brownfield. south Morrow County area coordi nator for Blue Mountain Community College, has set special hours when she will b available to answer questions about college classes and heV area residents get registered for class. Tuesdays and Thursdays Mrs. Brownfield will be avail able from 9 a.m. until 4 p.m. During week days she will also plan to be on call from 7 to 9 p.m. At other times, residents may call Mrs. Brownfield at her BMCC phone number, 676-5039. and leave a message. A new record-a-message machine has been installed so callers can k-ave word for her to return their call. When she is not available, Mrs. Brownfeld will become a student hervlf. This fall she will be enroling in BMCC's Marketing and Management Health Dept. Fri., Sept. V - Immuniza tions, Blood Pressure Clinic, Health Dept. Office, Lexing ton, 8 a.m. to 12 noon, 1 to 4 p.m. Soroptimists RUMMAGE k vi is fi ll Saturday, Sept. 26 swi 8 a.m. At Fairgrounds Furniture, Appliances, Toys, Clothes Other Items to Numerous to Mention 8 si rhis Advertisement Is Sponsored By ANK OF )3Eastern Oreqon Your Home-Owned, Independent Bank" MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION program. Monday, Wednesday and Friday, the coordinator will either be traveling to the Pendleton campus for her classes or studying. Tuesdays and Thursdays will be dedicat ed to her activities as area coordinator. "I want people to be sure to use the BMCC number. 676 5039," Mrs. Brownfield advis ed. 'That way the caller will be assured of getting his or her call returned," she said. TaiFiri Tax Savings Certificates are on the way. Our new Tax Savings Certificate is a breakthrough for savers. It not only earns you a lot of money, but allows you to keep what you earn. Here's how it works: You deposit a minimum of $500 for twelve months and the Interest you earn (up to $2,000 for couples, $1 ,000 for individuals) is tax-free. That's right, you pay no Federal tax on those amounts. And your funds are insured by the FDIC up to $100,000. You can see why it's a real breakthrough for savers. And if you have a 182-day Money Market yenmcaie wun us, you can cash it in before maturity and convert the funds to a Tax Savings Certificate on or after October 1 with no penalty. Check the chart to see if the Tax Savings Certificate is in your best interest. Depending on your tax bracket and other factors, it may or may not be. Which is jrvhy we say, whatever you do, come in and talk to us. We can offer you personal and timely advice as to what type of plan will help you get the most from your money. After all, we are the oldest bank in Oregon. And in banking, especially today, experience counts. So come in and talk to us. Find out whether the Tax Savings Certificate or another plan is best for you. Either way, we'll help you come out ahead. K7) First Interstate Bank TheTax Savings Certificate Interest rate will be:12.61(Rataon10181) Based on this rate, a deposit of $15,860 will earn $2,000 at maturity. Taxable Probable 1982 (To equal the return of the Income Federal Income Tax Savings Certificate you (Joint Return) Tax Bracket would need to earn: $60,000 49 24 73 $50,000 44 22 52 $40,000 39 20 67 $30,000 33 18 82 $20,000 j 22 I 16,17 Raie on the Tax Savings Cerlihcale will be equal lo 70 of the average yield on one-year U S Treasury Bills as o the most recent auction. Substantial Interest penalty and loss ol tax exemption tor early withdrawal Interest payable at maturity. Member FCNC I MhMiMiiiiMieMeiMnMeAiyiiiL4ejiifceWMi'MeA4KMniA vvvvvvvvv j r V V V r
