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Cedar Rapids Gazette Newspaper Archive: August 3, 1974 - Page 6

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - August 3, 1974, Cedar Rapids, Iowa                                The Cedar Rapids Gazette: Sat.. Aug. .1. 197  in- nitu-.' ('it I'M' UlHUlil-- ,1 J.u'itM'v .iiiii jH'iiiMtiliiiii ni jiijuli. Hi- l.lkrs IH'lllr Sl ut Ills llr NL'M.Htltl aumul and lias Kiji .ill ti.-u- tirni kri.mn lit UfUr llrcks t" liirtll 111 1 I l-irrd Shades of Tom Sawyer As temperatures soared in California's upper Sacramento Valley ear- lier this week, young Adam Raimer dressed himself like Tom Sawyer, outfit- ted his dog with some cut off blue denims and headed for the old fishin' hole. The pair won a blue ribbon at the local Tehama County fair in the children's pet parade in Red Bluff, Calif. i mlds u {inncil !he h.iiulnT u! Cninmrn-c anil the I 's lun newspapers I i I lira's Ill's! independent ur since IKS-i. Il.iitna has I eaM aside iraililiun ami Ilii' cs. i.iblished pniiiical sinirhire in i I n[ a st lulu inru anl nothing swcpl-uudei "people's gliUTlllllflll j I'lli1 Milced mauir was Imni anil reared here ami six s lie iliiln'l gn past llii1 lOlli grade. claims he'- nldiLialcd In no nut1 ami Ilia! "iin pull! Irian nn neus- paper nn 'Chamber ni' nu Cnminerce' is in nil' off Mr In- Is working Ill's! anil I'nremosl I'm- llie 111 Mr llanna s nppnllcuN accuse him nl everything frnm nne- inan eminent n errat it mi' They he is unalili In delegate authority am changes policy frnni I "I. Tim n" llanna replies: "I innk llns hrraiist1 1 uas thornuglily ilisilliisiuni'il with Ihe phonies ami Ihc hliiehlonds and llii I'akrrs in [Ins city who did mulling I'm- ilir people. ll'> lime In playing games. Ue've gut !u Innk a[ ourselves as a community in trnublc. The siinntM' (In !lic snnner we'll get Ihis liiusy town back nil its feel." u In- !hrn- iHEf ullllfr i'! 111 a.'itl ilunni; HII-, jmhiiis ua Hi nlllee. he I'HI '12-1 mavnl' Is mi] keepni'-: Ills ,-aill Ml llUH'I-UsvUt' I it'ils jjt. ,i IN in.i i In In- flinir uinrc ril ii-it'iii scnntuirs and pitltlir aiuitiuiicr- llauna's personal at- lewer persons Innn, Iriilinn lie is Ins own More recently lie preihcled employes i lie has worker" who hi Idack at the end of the >ear and and his niih aiiiinuiiccmenls hours .1 d.n and Ihe dt> wmild a about emplnxes eniieeni fir same kind ul deiheatmii Innu lax rediic.....i ihc inns those who work I'nr him ln'sl lax cin in a nun-election Alllmngli no lnrm.il plans Ihe Central Xcw nrk park His niiice is ofieii lammed vcar in JS been llanna lias enniimssi.in in lli'i.i. and lie n.i- cuTxnue frnm liauna's prediciinii uas a prnpnsed Mini's llie parks enmmissinner Irum cniH-erned about his health m welciune in tills nl I.a I'rnmenade. Hi-'iS-lili lie was elected ,is a Iliose cniiipliiimrig of no toilet central York ctlv the a l-Jiropi-an-llaMii'ed dowiilown Hemoeral In the state assem- lissui' al a cil> playground taxed in the pmiert which he isiniis lily in Illli'i. bill lost a bid fur rcsirnom slate, incut wniild iill In Mil commercial re-cleclion Protecting Individual With Pancake Buzz? Mid-Year Right Time for Tax Planning By Sylvia Porter XKW YORK Nearly (if you overpay your federal income laxes each year because of mathematical errors an utterly silly waste nf your own money which the U. S. government docs not welcome and tries to avoid. At the last reporting dale covering individual returns filed in 1972. one of every IT returns had a mathematical error. Included were 1.900.000 taxpayers who had overpaid their income taxes tn Ihc tune of a hefty million. But that's only part nf the lale. for the fad is that addi- tional millions overpay in ways that go far beyond mistakes in arithmetic. If these taxpayers would nnly take the trouble to understand the tax laws better, they could substantially reduce (heir lax bills. The proper time for my an- nual how-to-slash-your-in- come taxes before the ycarend series is the fall and 1 plan to discuss it then. But now, in mid-year, says P. K. Scidman, senior consultant of the international accounting firm of Seidman Seidman, "is the time to start planning intelligently and the way to do that is to look at whal tax- payers failed to do, or did in- correctly last year, and build on that." Sylvia Porter Excellence in Food and Entertainment i NOW PLAYING UPSTAIRS AT YORGO'S JAN BIGGER AT THE BABY GRAND Playing Nitely 5-8 pm DOWNSTAIRS AT YORGO'S "SPECIAL DELIVERY" (FORMERLY TRIO 70) FRIDAY SATURDAY Ending in Auguil NO CHABGE Sridman snuLU'sts these guidelines: Try now to estimate what yuur income will he in 1974 and if possible, to form some idea of whal yuur income he in This will tell you whether to attempt In increase yn iir income diiriim the hahince nf the year or shift it to next year a sort of dn-il- yourself income The objective is to even out your tax brackets if you have a wildly flucluaUiiK income. Don't be a conformist on your allowable (U'ductinns. For instance, says Seidman. "if this year is loaded with 111- eome. prepay such items as your state income taxes, real estate taxes and interest nu loans." Build up your income or reduce your expenses to pro- tect any net operating loss deduction. With a three-year loss carryback and a five-year loss Ihc use nl a loss you incurred in HIHil ex- pires in 1974 If you have a paper loss on securities hut yon want to maintain ynur pnsitinn in the industry, take the Inss and switch into other companies a similar business sn ynu can share in any rebound in Ille stock market. II Ihis is a low income year for you. it may lie a fine time lo pick up income frnm Series K bonds ynu hold. Assuming yon are a cash-basis taxpayer i which nearly all of us you can elect Ihe way tn report the annual increment in intcresi treat the increase in redemption value as income in each year as the increase-oc- curs, or include in income the entire increment in value at maturity or other disposition of the bonds. Von can change to annual reporting with a pick- up "f all the accumulated interest at any time without seeking government permis- sion. If you're now planning your charitable contributions for the year, carefully consider taking full advantage of the lax laws by giving securities on which yon have capital gains. You will pay nn tax nn the gains and if yon are a high bracket tax- payer, you actually can wind up cash ahead. If you are holding what is now next lo worthless slock, try tn make an actual sale of it. cu'it for pennies. Otherwise, ynu will be required to present "outside criteria fur proof of total worlulessiiess." cautions Seidman. Do not Haste your medical expense deduction which is available nnly to Ihe extent that the expenses exceed :1 percent of your adjusted gross income. Try In cnncentrate ynur payments in a year which will enable yon In exceed Hie 'l-per- ceut limitation Think tins through Should payments lie accelerated intn or should you try to post- pnne payments to If ynur controlled corporation has a medical payment plan and pays all these bills, the cor- poration lias a iull deduction and Ihe payment is not income to yon. Do not overlook such legi- timate deductions us fees paid for investment services and other costs for market advice. Keep track of these expenses through Ihe year so yon have Ihe figures at hum! when you fill out your return in 1975. GAS LAMP SUNDAY NOON TO 10 P.M. .OQSEVEU mm mm Convenient parking Sentenced Man Really Moves Car SAX DIKCO (Al'i A ;i Culif man limr In imiu- (us car liH'urc rcpMiliiiu lu Itiil Ihc man. -Inhume 2li apparently cif Ins rjir inn far he lulled In repnri !he lail llllr.il Fisher lulled ii M.DIIII hencli uanan! Inr his arreM in our ramp DOWNTOWN Every Sat. p.m. BEEFEATERS BUFFET per person Children 10, JJ.tH Romt Round of Stroganoff, Salodi, Reliihfts, Deuerli Grant Wood Kitchen Sou Our How Czech Heritage Display ROOSEVELT MOTOR HOTEL ADJAfKNI MILS I I'AKKIM, Chimney Traps Skinny 'Santa' SAX JOSE. Calif. (UPI) John Lopez. 34. was locked nut nf his parents' home after midnight so he slid down the chirimey. lie didn't make it. Firemen worked two hours In pump him back up the chim- ney with a jack after he was caught, inches from success, just above the damper. "I couldn't believe it." said Fire ('apt. Him Lane. "I looked in frnm the top and all 1 could see was his head And from the bottom all I could see were two feel wiggling The snnty who stands and weighs 111) pounds, was not injured. Trophy Lounge prpsi'nts WEBESTERJON playing fhrs Saturday evenifig 519 H Street SW By Dick West U ASIIIXIITOX ll'l'h Senator Thomas Faglemn lias introduced a bill tn revoke the regiilatinn requiring installa- tion of seat bolt and interlocks in new cars. "ll is one thing to protect society against the imprudent or criminal acts of an in- dividual." thi' Missouri Democrat said in his introduc- tory remarks. "Hut il is quite another lo attempt to prided the individual against himself. "Carried lo its extreme, that principle could justify federal intervention in such personal affairs nf as their diet, their recreational activities or lack of thereof, and even the movies they watch." Dick West I'm nut sure whal type of in- tervention Ensjleliin had in mind. But in my mind his remarks conjured up some- thing along this line: II is early morn in the Per- mus An UK household. Mr. AUHK has just sal down al the brciikfasl table. what in larnatiouis wrnni; with these pancakes'.'" Greek Cartoonists Roost Deposed Military Rulers ATIIliXS (AP) After seven years nf military dicta- torship. Greece's liberated newspaper cartoonists are having a field day. An edition of the bi-weekly Paratiritis (Observer) fea- tured ex-strongman George Papadopoulos misled last November by an.ilhcr military man in tiny shorts, muscles rippling, in a wrestler's pose. His wife. Dcspiua. was in a micro-miniskirt with, a sash reading "Miss Democracy HI7-1." Another cartoon in Paraliri- tis shows deposed King Cons- tantino offering Fapadnpoulos a large silver tup "for winning the (ireek dictatorship marathon." His six and a half years was the longest rule of any Greek dii'talor since (ho modern statp was founded in 18311. An evening daily showed Papadopmilos' deputy premier Nicholas Makarexos and one nf his appointees holding candles at a church service. The cap- limi read: "Al their nwn funeral." There was strict press cen- sorship under the military dic- latorship. and even under the new civilian government nf Premier Consiantine Cara- manlis police control nf newspapers has not entirely disappeared. But the new government apparently does not object tn ridicule of the old military dictators. Many cartoons now focus on the emblem of the nld dicta- torship, a phoenix rising from the ashes with a soldier at arms. The emblem, which decorated all public buildings, has been ordered removed by the new government SAT. NIGHT LOOK! 'Lyn County" MODERN COUNTRY MUSIC J OPEN 9-2 Don Geater, Bob Tischer FIREPLACE LOUNGE HIAWATHA JIB CONDITIONED-NO COVER "1 didn'l know anything was urnim with them." "Well, every time I try lu take a bile they start "So they do. you had yuur vitamins today'.'" "Not yet." "Then lhat explains it. new box of pancake baiter mix has a system In warn consumers when they aren't Kcttins enoiiKh vitamins. Take Vitamins "Tile means that pancakes alone won't uive you Hie minimum breakfast reiiuiroment. Take a couple of these vitamin suppliiments and the will stop." "Never mind. The pancakes are cold now anyway. I think I'll have a bowl of cornflakes U hen minutes late tn wnrk. I'mally .ucls in Ihc shup and punches in nn Ihc time cluck, an alarm snniiils the federal recrea- linn inspector rushes up. Too Many Hours wnrk fur yon today." lie says. "That alarm means ynu lime spent Ion many hours nn Ille jiih lately and should take snme time off-fur recreation." "Hut I iH'ed Hie money." "Sorry, sir, n'Hiilatums arc re.miiatinns. Why dmi't you no si'c a Kimd Auuy makes his tn the Bijnu and buys a ticket tn "Deep Thnial" Bill as lie turns away frnm Hie box nfl'iee. the tickel self-destructs. Ail usher explains that under instead confound it! I can't new federal regulations tickets Ki'l Ihc hnx npeii." "Of course not. dum-dum. Those corn flakes have the new box lop interlock that prevents tn X-rated films are c'hemically Irealed In react to colnr changes ill the skin. Persons who start blushing the lid Irom opening until the even before they enter the theater are considered loo modest for admittance. It's the finest try our really Delicious PIZZA Skillfully prepared in one of Iowa's most experienced Pizza Kitchens. Prompf service. ALSO ITALIAN BEEF OR HAM SANDWICHES NASO'S PIZZA HOUSE 1 545 First Avenue SE 363-9697 Dai'y> a-m--12 p.m. Fri. Sat, Till 2 a.m. Sun. 4 to 12 p.m. SNEAK PREVIEW TO-NIGHT AT P.M. METRO-GOLDWYN-MAYER'S NEW SPECTACULAR THAT YOU HAVE BEEN READING ABOUT IN THE NEWSPAPERS AND HEARING ABtfUT ON RADIO AND TELEVISION! STARRING- FRED ASTAIRE BING CROSBY GENE KELLY PETER LAWFORO LIZA MINNELLI DONALD O'CONNOR DEBBIE REYNOLDS We're Celebrating Our Pastor's 6th Anniversary At Our Church Featured in our Service Will Be The Singing Sterk Family SAT. FJ.M. SUN. A.M. DON R. MARTIN, PASTOR THK STKRK FAMILY Everyone is Invited Our Sunday School Goal is 300 Free Bus Transportation Phone 377-5032 GRACE BAPTIST CHURCH 140 South 15th Street, Marion, Iowa   

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