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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 20, 1960)
HERALD ANT) NEWS. Klamath Falls. Or?. Wednpsdav, Jan. 20, IflfiO AGE 5 B Response To Timber Sales At Rogue Office Said Light Response lo two timber sales in the Rogue River National Forest Klamath District office Friday and Monday was light. An Ashland man, C. R. Hasscll, offered the lone bid, $3,544, for 170.000 board feet of Douglas fir at Lake of the Woods. The tim ber was appraised by the forest service at $3,236. Klamath Lumber and Box Com pany of Klamath Falls offered $83,820 for a sale area known as the "Sevenmile No. 3" Monday On The Record KLAMATH FALLS BIKTIIS BOVS ATKINSON Born to Mr. ind Mrs Browning Atkinson January IS In Klamath valley Hospital a boy, weigh ing 6 Ibi., 14U ozs. CARROIAf Born to Mr. and Mrs, Michael Carroll January IS In Klam ath Valley Hospital a boy, weighing 7 lbs., i:i ozs. SHUCK Born to Mr. and Mrs. Charles V. Shuck January 16 in Klam ath Valley Hospital a boy, weighing 1 IbS., 13 OZS. flIRI.S MOORE Born to Mr. and Mrs. Ben ny Moore January 17 In Klamath Val ley Hospital a girl,, weighing 6 lbs., l.Vi ozs. PENNINGTON Born to Mr. and Mrs. Allan Pennington January 16 in Klamath Valley Hospital a girl, weigh ing 7 Ins., 4' ozs. SALISBURY Born to Mr. and Mrs Norman Salisbury January 15 in Klam ath Valley Hospital a girl, weighing 6 Ins., 7 oza. TEGEN Born to Mr. and Mrs. Ralph L. Tegen January 17 in- Klam ath Valley Hospital a girl, weighing 7 IbS.. 74 OZS. WARD Born to Mr. and Mrs. Ver non Ij. Ward January 17 in KUmath Valley Hospital a girl, weighing s lbs. T'.-s ozs. I960 SUMMARY Boys: 27 Girls: 23 KLAMATH COUNTY MARRIAGE LICENSES Charles William Brewer, 21, and Sandra Jean Hamilton, 16. I Ted Stephens Jr., 23, and Janet Lee Grow, IB. Edward Leroy Whitney, 28, and Co lette Mueller, 2B. Donald L. Crowe, 24, and Judith Marie Dockery, 15. Nicholas R. Stanley, 37, and Julia K. Welling, 39. Bradford B. Blolsky, 18, and Bonnie Sue Rhoades, 15. Robert li. Owen, 20, Keno, and Ma rianne McKinney. IB. DIVORCE PETITIONS Colleen M. Ledbetler vs. Bill B ldbettcr, seeks divorce. Lillie Fenian vs. John Fehlan. leeks divorce.. Edith E. Nelson va. James Carroll Nelson, seeks divorce. LaVerne Barnes vs. C. I. Barnes, aeeks divorce. Juanita M. Johnson vs. Robert H Johnson, aeeks divorce. Florence B. Peterson vs. Arthur B Peterson, seeks divorce. Mary Lou Smith vs. Sidney Eli Smith, seeks divorce. Calvin Raymond Foss vs. Charlotte Eunice Foss, seeks divorce. Sharran Lee Janisch vs. Dondald Ray Janisch, seeks divorce. Odea Geneva Black vs. Joe E. Black, seeks divorce. Katherine B. Simmons vs. Clifford B. Simmons, seeks divorce. Ariel Florence Southard va. Denver Loren Southard, seeks divorce. Phoebe L. Foster (also known Phoebe L. Lotchcsi vs. Dally D. Lotch- es, seeks separation. The bid included $-13.50 for pon- derosa pine and $19.20 for white fir and other species. The timber had been appraised at $41.45 for pine and $19.20 for other species. That firm and Kllingson Timber Company submitted the only sealed bids, which are necessary before firms are eligible for second-round oral bidding. The Lake of the Woods sale was instituted to get rid of timber downed by recent windstorms and lo harvest possibly unsound tim ber which might endanger im provements there. Three buildings at the lake re cently were damaged by wind- felled timber. Two more oral sales will be con ducted in the district ranger's of fice Friday, January 22. They in clude the Scott Creek Blowdown area, bearing an estimated 1,500, 000 feet of pine' species and 500,000 feet of white fir and other spe cies, and the Dry Creek No. One, containing 1,100.000 feet of pine species and 400,000 feet of white fir and other species. Minimum bid price for pine on the Scott Creek area east of Cra ter Lake in the "panhandle' portion of the county is $24.90 for pine, and $8.90 for white fir and other species. The area also contains an un estimated volume of dead or over mature timber of all species to be sold at a minimum of $5 per thou sand feet. Pine species on the Dry Creek sale area is appraised at $38.10 per thousand feet and the fir and other species at $19.35. Income Tax Facts Editor's Note: This is one in a series of articles on federal in come tax filing. These articles are based on information provided by the American Institute of Certi fied Public Accountants and the Sourthern Oregon Society of Certi fied Public Accountants in cooper ation with the Internal Revenue Service. , 1960 TAX PLANNING Your problem right now is how you should report the income you earned in 1959. You want to re port it in such a way as to take advantage of all the legitimate tax savings you are entitled to. Un fortunately, whatever you did last year is now history. However, it pays to be your own "Monday morning quarterback." Looking back, you may wish that you had given more to charity, had sonic tax-exempt income or done some thing which would have helped re duce your taxes. But remember, all the things you could have done in 1959 to ease your tax headache, you can now do in 1960. Don't make the same mistakes twice particularly when they can affect Bank Aide To Give Talk HITS BOMBER DELAY NEW YORK (UPD Gen. Carl rjpaatz, former Air Force chief of staff, has termed "incomprehensi ble" the Eisenhower administra tion's decision to delay develop ment of the B-70 bomber. "Equipped with air-to-ground and air-to-air missiles, it (the B-70) could frustrate any anti aircraft defense system. . .likely to be devised in the foreseeable future," Spaatz said Monday. Magazine Notes Sale Of Nursery " Sale of Lakcshore Gardens Nurs ery to Mr. and Mrs. Curtis Schoen Ihalcr, Klamath Falls, by Mrs. W. P. Myers who pioneered the business here in 1923, was writ ten up in the January issue of "Digger," published by the Oregon Association of Nurserymen. Mrs. Myers has been a mem ber of the state and national Nurs erymen's Association for many years. Mr. and Mrs. Schoenthaler, Mrs. Myers and Jack McNcis, who has served as nursery manager, will attend the OAN Convention which will convene in Eugene January 28-29. Headquarters will be in the Eugene Hotel. One of the nation's top nursery men, Valleau Curtis, president of the national association will be among the speakers. Fred P. Hahn, secretary-treasur cr of the Federal Intermediate Credit Bank, Spokane, will be guest speaker for the 26th annual membership meeting of the Klam ath Production Credit Association to be held in Klamath Falls Sat urday, January 23. The meeting starting with a smorgasbord at noon, will be held in the Klamath Auditorium (old armory.) About 450 farmers and stockmen are expected to attend. Two directors will be elected to succeed Lee Holliday of Klamath Falls and Wilbur Harnsberger o: Henley whose terms expire. Registration will get underway at 11 a.m. followed by lunch at 11:30. The business session scheduled for 1 p.m. with M. A Long, association president, as chairman. Reports on association progress during 1959 will be made by J, Randall Pope, member of the loan committee, and Don Knder, asso ciation secretary-treasurer. tne number of dollars you have n your pocket. Planning your in1) income can be an interesting and profitable nderlaking, and it can only be aone in llHli), not pn April 14, mm. Here are a few examples of what yen can do this year to improve our tax position next year. If you are your own boss, or if our job is low on security and igh on reward, you may be faced it h the problem of fluctuating in ome. In terms of tax dollars, t person with a steady income will pay less tax than a person with highly erratic flow of income Say, for example, that you and our brother each earn $30,000 over a three-year period. Your brother has a good job as office manager in a textile house. Each ear he gets a $1,000 increase, so for the past three years he has earned $9,000, $10,000, and $11,000. espectively. You, .on the other hand, could never settle into a steady job. You ke to play piano with a small jazz group: in fact, last year you actually had your own 'combo. As normal in the entertainment business, you have gone through a number of "ups" and "downs.' Over a three-year period your in come went from $6,000 up lo 16.000, and then back down to $8,000. Now, compare the taxes that each of you paid over the same period of time. With $30,000 total income, your brother paid only S.i.900 against your bill of $7,000, If you view this situation as in evitable then you may find com fort in the fact that many share your view. However, it you are Skindivers have discovered 41 sunken vessels, some of them more than eight centuries old, off Turkey's coastline on the Aegean Sea. The chameleon has an insect catching tongue twice as long as Its body. We Give &C Green Stamps EMPRESS ... Hardwood Cabinets YOUNGSTOWN... Superb Kitchens THERMO-RITE ... Fireplace Screens BEN FRANKLIN... Fireplace Heaters i Crown Imperial . . . Medicine Cabinets McCollum HOME MART 2030 So. 6th TU 2-5885 faced with erratic income then the more immediate problem is what lu do. If this year is not particularly ;ood but you have high hopes for the future, then you might try to mil off some of your deductible expenses until after the end of the year. It pays to have the most deductible expenses in high in come years, since they serve to reduce your taxable income. In reviewing your expenses, you should remember that you are permitted lo claim a standard de duction of 10 per cent of your ad justed gross income, but this de duction may not be more than $1,000 ($500 for a married t a x payer filing a separate return) When your deductible expenses are less than 10 per cent of your ad justed gross income you will cer tainly - take advantage of the standard deduction. When they are more, you will probably itemize your deductions to reap the larger lax savings. Herp is something you might Iry. Say that your adjusted gross income for the year is expected to be about $8,000. This means lhat you would he allowed a standard deduction of $800. In No vember, you make a little review of the deductible expenses you have paid during the year for medical care, contributions, and so on, and you find that you have paid out $400. You expect to have some more medical and dental ex penses before the year is out. You nifo want to give something to your church, but all-told your ex penses are not likely to go over Ihe $800 you are allowed to de duct anyway. The best thing you can do is defer these additional deductible items until January of the follow ing year. In other words, if you can't exceed the standard deduc tion you are allowed then try to keep your deductible expenses to a minimum. By deferring some expenses you may be able to build up a sizeable deduction in the fol lowing year. To look even further ahead, say lhat you pay some of your I960 t:xpenses in 1J61. Toward the end ot 1961, you might be able to pay some of the expenses you would normally have paid in 1962. The net effect is that you are taking many of your deductible expenses (or a three-year period and squeezing them into the middle vear. Instead of taking the stand aid deduction for each of three vears, you take the standard de duction for the first and third year and something more than the standard deduction for the second ear. Result: a tax saving. If the tax tactics described here bother you, it may be because you are not used to the idea that tax considerations can dominate some of your personal affairs. Many people conduct their personal and business affairs in the manner that suits them, giving little con sideration to their tax liability un til it comes time to pay. You have a responsibility to pay a fair share of the costs of government, but you are cheating yourself if you approach the payment of a large chunk of your income in a lackadaisical manner. Cheating the government consti tutes a fraud, and is punishable by fine or imprisonment. Tax planning to. avoid overpaying your income tax is a laudable un dertaking that reduces the amount you pay to a fair share. If you are concerned enough to devote more time and considera tion to your tax liability, reincm ber one important thing. This country's system of taxation is bared on the acceptance by each citizen of his responsibility fur as sessing his own tax liability. The federal income tax law is written in such a way as to spread the financial needs of the country among its people as fairly as possible. If you read the instruction book let you receive free from the In ternal Revenue Service, you can probably complete your own tax return without any need of out side assistance. However, if y o U have any questions that are not clearly answered by the instruc tions, then call or visit your local Internal Revenue Service office. You will find that they are only ton willing to give all the help you will need. "the best place to shop . . . after all" Mid-January Storewide CLEARANCE SALE Now in Progress!!! Tremendous Savings in every depart ment . . . 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