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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
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