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New Braunfels Herald-Zeitung (Newspaper) - January 18, 1987, New Braunfels, Texas Commerce Industry New Texas January in fv Jfl n Financial Focus Tax reform causes a closer look at investment planning Provided by EDWARD JONES Financial planners and managers It has never been the philosophy of this column to In vest solely for tax Only after an investment has proved sound should you consider its tax The new tax nblll underscores this and through flybynight tax shelters which offer little other than tax writeoffs will be all but the benefit of losing money if that is a benefit will no longer be attractive from a tax Tax benefits previously enjoyed with longterm capital gains are the prudent investor must now reevaluate the lesser rewards of investment risk which come with most growth In the finan cial plans of millions of Americans should be carefully studied and reevaluated in light of the Tax Reform Bill of before committing to any change in your investment understand how the new tax brackets will affect To 1987 will be a blending of the 1986 rates with the rates which will be in full effect in Below are the 1987 transitional tax brackets with no standard deduc tion built Filing status Single Joint 1987 transitional tax brackets Taxable income Above Above Rate 11 15 28 35 11 15 28 35 DEMYL PtwHtraptWf Colemans squarefoot warehouse construction on FAA 306 Co I em an expansion underway In there will be two basic tax in addition to these a 5 percent surtax will be applied to all income on joint returns totaling between and The actual combined rate will be 33 in those couples with taxable income of more than and individuals with taxable income of more than will lose the benefit of a personal exemption for themselves or their 1988 Tax schedule Filing status Taxable income Bracket Single 15 28 33 Above no kids 28 Joint 15 28 33 Above 28 Once you determine your marginal tax bracket for and subsequent you can begin meaningful invest ment One bright side of tax reform is that many taxfree municipal bonds will retain their taxfree status and will still be attractive After the majority of tax shelters have been the taxexempt interest from munies will remain one of the few source of taxfree Even with the new taxexempt investments will still make good sense for many The chart below illustrates how much an Investor will have to earn in taxable yields to match a taxfree yield of about 7 Maximum combined Taxable equivalent to match 7 yield Coleman Company officials have announced that construction is in progress on a major expansion of the New Braunfels warehouse on FM This is the first major structural expansion that Coleman has made since locating in New Braunfels in The expansion follows an im proved business year for the com according to Sheldon Coleman chairman of the Col eman board of dubbed 1986 the year of the great The expansion of the warehouse reportedly will help consolidate the warehouse Colemans warehouse space current ly covers square Coleman said the expansion also is an expres sion of the confidence the company has in the staff and employees of the New Braunfels Plans for a ex pansion to the Coleman facility fell by the wayside in 1984 partly because of planned annexation of the industry by New Ron Col emans plant manager in said the New Braunfels City Council had agreed in not to annex area for another seven The citys master devised in recom mended that the FM 306 area be an nexed between 1979 and Annex ation has since been Randy now manager of the thanked the New Braunfels Chamber of the city council and New Braunfels Utilities for making the current expansion project a Wunderlich Builder of Seguin was the successful bidder for the Construction is scheduled for com pletion in the spring of this TAX PREPARATION Darryl Hoag Certified Public Accountant New Braunfels National Bank Building 1000 North Suite 202 6291922 Computerized Financial Audit and Management Advisory Services Year Tax bracket 1986 50 1987 1988 28 r H 97 As you can if your 1988 taxable income is more than youll be in the 28 percent tax possibly even the 33 percent and youll need an investment which earns more than percent to obtain the equivalent of a 7 percent taxfree With the introduction of the Tax Reform BUI of more care will be warranted in planning your financial Although many tax benefits will be eliminated by the the bright side is that investors will be forced to take a more serious look at the quality of their No longer will they be so easily blinded by a fasttalking promoter selling tax That alone will be a TOM LABINSKI and TIM WAITS bring local sports home to you in the Texas Lutheran College proudly presents the world renowned tetma in their only Sun A ntonioarea performance I 8 Jackson Scguin Tickets S6 rail ScRuin Sun Antonio 6580222 THERE SHOULD BE A FIRST FEDERAL Also Jutlirie Theaters Candida Prairie Dance theatre MATTRESS SALE OLYMPIC GOLD 111 coll tar 2 Set Twin 2 let Full King WO tno i SERTA PEDIC Contlnueut coll hnricr tar Km ultra pillow toft top tar iltvpnf 1344 142ft Free very Mattress 5513 ACCORD tunrttrm wMb IN YOUR FUTURE Dont be confused by the new Federal Tax Regulations You have until April to open and contribute to your 1986 Individual Retirement Account and receive tax credits on your 1986 Federal Income Tax First Federal Savings Loan Association of New Braunfels NewBrsMUfcls San Marcos Sattler Wimbertey
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