SIEOFORD MAIL TRIBUNE. MEDFOUD, OREGON'
FRIDAY. OCTOBER 18. 1963
Your Money's
Worth
By SYLVIA PORTER
CTil, Hill Sy4icita, Im.
Children Should Be Encouraged To Make Decisions
WHAT THE TAX BILL MEANS TO YOU X
(Last in a Series of 10 Columns)
Millions of us who receive dividends on our stocks, who get
sick pay when we are out sick or injured, who buy machinery
and equipment (or our businesses, etc., would be affected for
better or for worse under the 1963 tax bill as passed by the
House. It is literally "for better or for worse," for some potential
changes would help us as tax-payers, others would hurt us. To be
specific:
On stock dividends: The bad news is that the bill would cut
the 4 per cent dividends received credit to 2 per cent for 1964
and abolish it thereafter. The good news is that the present divi
dend exclusion of up to $50 a person would be raised to $100 a
person for 1964 and on.
The raising of the dividend exclusion means that you, as a
married couple, could then receive up to $200 a year in dividends
entirely free from income tax.
If you, as a married couple, are already receiving over $200
In dividends a year or you expect to receive over this amount
next year, you should do the following to make sure you qualify
for the new break if the bill becomes law.
Make sure that each of you owns in his or her name enough
stock to get $100 of dividends tax free or that both of you jointly
own enough stock to throw off $200 or that you have a combina
tion of separate and joint ownership which entitles each of you
to at least $100 of dividends.
On sick pay: The present tax break given to sick pay would
be sharply cut down starting in 1964 if the 1963 tax bill becomes
law. Today an employee may wind up with a bigger take-home
pay when he is out sick or injured than when he is working, for
when the employee's pay is continued by his employer or an
insurance company under a sick pay plan, up to $100 a week
is tax-free.
This tax exemption applies to the pay you receive immediately
after you are away from work because you have been injured
or hospitalized and to pay after the seventh day of absence
because of sickness.
The 1963 tax bill would change this rule so that regardless of
why you are absent because of illness or injury your pay
for the first 30 days would be taxable. The $100 a week exemption
for sick pay would begin only after the 30-day period ends.
On business purchases of machinery: The countless thousands
of businessmen who have bought or will buy machinery, equip
ment and vehicles eligible for the investment credit would find
the credit even more valuable if the 1963 bill becomes law.
When the investment credit was written into the 1962 tax law,
Congress required a businessman to reduce his basis for depre
ciation by the amount of the credit. As an illustration, if he
buys a machine which costs $10,000 and which is eligible for
a $700 investment credit, the 1962 law permits him to take depre
ciation on only $9,300 of the machine's cost.
But the House-passed bill would make the investment credit
more attractive than it is now, for it would allow you, the busi
nessman buying that $10,000 machine, to take not only the $700
investment credit but also depreciation deductions on the entire
$10,000 cost. The incentives to businessmen to step up invest
ments in plants and equipment would be sharply increased by
the 1963 tax bill's rate deduction and special provisions.
On using holding corporations as a tax shelter: The 1963 bill
would make it much more difficult to use holding corporations
as a tax shelter for accumulating dividend and interest income.
If you have corporations of this sort or are thinking of setting
them up, now is the time to take a hard look at what the bill
would do in this area if it becomes law.
It's a good bet that the 1963 tax bill will become law. The
question is no longer massive tax reduction itself, but only tim
ing of passage and some details.
Thus this series of 10 columns has been designed to tell you,
a taxpayer in any income or age bracket, what to do now and
what not to do to get maximum benefits from the special tax
breaks as well as the important tax rate cuts in the House-passed
measure. Rarely has advance knowledge of pending tax changes
been of such direct dollars-and-cents value to so many millions as
today.
Bv DAVID N'YDICK
I'PI Education Specialist
Children should learn to
make decisions.
The need for people who can
analyze situations and reach
proper conclusions is increas
ing constantly. An individual's
training and personality are im
portant factors in this area. As
a child grows his abilities and
responsibilities also should
grow. He should have increas
ing opportunities to use the
skills which are being acquired.
In this way he learns to use
them properly.
At first a child will make de
cisions without a great deal of
thought about the results. This
soon will change. He will begin
to consider the effects. As he
gains experience he will realize
that better choices can be
made by thinking about the im
plications. Varies With Individual
Naturally, talents vary with
the individual. These variations
are in attitudes, creativity, in
telligence and interests. Al
though these affect the ability
to make decisions, there are
other controllable factors.
One major factor which af
fects this area is excessive
pressure. Parents or teachers,
in order to make a child work I
at his maximum potential,
might set unreasonably high
standards. The child who is
unable to match these stan
dards often loses confidence in
himself. He might begin to
feel that he cannot satisfy any-;
one. As you can guess, the re
sult is indecision. He is actual
ly afraid to make a decision
for fear that he will be wrong
again.
Certain individuals appear to
have all the qualifications to be
good decision makers but they
never seem to reach the deci
sion. They become too involved
in analyzing all the implica
tions. They constantly seek
opinions from others. These are
important steps, but the prob
lem is that a conclusion is nev
er reached. They have not
learned to recognize the point
at which the necessary facts
have been gathered and further
searching is of no additional
value.
Not All Clear Cut
One must realize that all de
cisions are not clear cut. They
are often based on judgments
which weigh advantages and
disadvantages. The decision
which has the most merit must weigh possibilities. He has a . to one's ability and confidence,
be chosen. ! personality which shows confi- This person's associates, par-
The good decision maker has dence. He has been given the ents, supervisors, and teachers
several assets. He has been I spportunity to practice. Exper- have encouraged him to use
trained to think clearly and toiience contributes a great deal I initiative. They have shown
confidence in his ability to ful-1 pie have the ability to be lead
fill responsibilities. ; ers but it must be developed
When we describe a good and encouraged. They should
decision maker, we are usually not be pus-'.- d to unreachable
describing a leader. Many poo-1 goals.
A 3
IKE ATTACKS BILL
HARRISBURG (UPD-Former
President Dwight D. Ei
senhower said Thursday tha
Kennedy administration's civil
rights bill was too broad and
this tends to unify the opposi
tion to it.
Let's All Go To
The
International
Sponsored by
The Junior Service league
3 BIG DAYS OF
FAMILY ENJOYMENT
At the Medford Armory
Rummage Sale
Food Sale
Bazaar
Art Show and
Fun Fair
(Root) Beer
Garden
Sidewalk Cafe
Continuous
Music
Modeling
Entertainment
FUN
for the Youngsters!
8 Rides & Games
of skill with
prizes . . . burro
rides . . . puppet
show. The
kiddies will
love it!
JCF
Courtesy of kVI
Jackson County Federal
Savings & Loan Association
Medford - Ashland
Court Reverses
Mt. Angel Case
SALEM (UPD - In a 4-3 de
cision Thursday, the Oregon
Supreme Court reversed a low
er court decision which had held
the Benedictine Sisters of Mt.
Angel blameless for injuries suf
fered by a 13-year-old boy.
The high court ordered a new
trial.
A decision in Marion County
Circuit Court had held the par
ochial school near Silverton was
not negligent in maintenance of
a school building.
Robert G. Eberle, Jr., was cut
and suffered permanent injur
ies when his hand pushed
through a glass panel of the
door as it was closing.
The majority opinion by Jus
tice Arno Denecke found that
the lower court jury could have
found that the school should
have known that the glass panel
was unsafe.
Justice William C. Perry's
dissenting opinion was joined by
Chief Justice William McAllis
ter and Justice George
Rossman.
Broadcasters Urged
To Discuss Limits
MINNEAPOLIS, Minn. (UPD
The president of the Nation
al Association of Broadcasters
(NAB) has urged that broad
casters confer with newspaper
editors over a federal proposal
to limit commercial time on
radio and television.
President LeRoy Collins said
at the opening session of a reg
ional NAB conference Thurs
day the Federal Communi
cations Commission (FCC) pro
posal was a challenge to the en
tire area of free communica
tions. Collins said earlier discus
sions with editors have brought
a shower of favorable editori
als supporting the NAB position
that limitations are an infringe
ment on free broadcasting.
The NAB president said he
feels "cautiously optimistic"
that the fight to squelch com
mercial limitations will be successful.
WASH
DRY
R
AR
OAD
It's our 18th ANNIVERSARY SALE and
to celebrate, we have an entire Carload
of Washers & Dryers now on hand. Our
Volume purchase allows us to pass on to
you Close-out Savings! You can save now
on a '63 Washer or Dryer at this 18th
Anniversary event. All models priced to
sell!
G.E. WASHER
(MODEL 654x)
12 pound capacity Filter Flo Washer with 2 wash cycles,
3 wash temperatures and 2 rinse temperatures. The
compact cabinet design is counter height and counter
depth.
CLOSEOUT $I)1A95
PRICE il7
(Less Hapco Trade)
, f UWU'-'f
m 1 ' r
SALE STARTS )fS
TBPflYi
1
Willamina Man Dies
Of Bullef from Rifle
McMINNVILLE (UPD - An
autopsy Wednesday revealed
that Herbert Gustav Rydell, 58.
of Willamina died from a bullet
from his hunting rifle.
He was at first believed to
have died Tuesday as a result
of a fall under a tractor.
Authorities said Kydell's rifle
apparently discharged and the
bullet struck him in the knee
and chest while he was
crouched on the tracks of the
tractor.
Tpj';fg - '
r t 4 if 'At i
y
u
FREE
BONUS GIFT
SHEET & TOWEL SET
16-Pc. Queen Marie
Sheet 4 Towel Set
$24.95 Value
If you purchase and install a new
FIAMEIESS ELECTRIC DRYER
between October 14 and December 14
from HAPCO, your local
ClOr Electrical league Dealer
, Mr
V.
i
SPECIAL!
Model DA 420 DRYER
This High-Speed Dryer has "compensated drying" for
automatic time and temperature control. Automatic
controls and de-wrinkler make this a real time saver
for busy mothers.
PRICED
TO SELL
133
88
G.E. DRYER
(Model DA 616 X)
Features include big 12 pound clothes capacity and high speed
drying system, 3 heat temperature control with variable time
control, synthetic de-wrinkler and safety start switch.
CLOSEOUT
PRICE
159
95
(LESS HAPCO TRADE)
OPEN
Tonight
Until
9 P.M.
ape
HOME APPLIANCE COMPANY
115 EAST MAIN --MEDFORD
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