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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - January 4, 1972, Lethbridge, Alberta Why all the political fuss? New tax deal won't help you much OTTAWA (CP) When Cant- dmiic see the cash results of the new federal tax law on thedr paysiins in the new year, most will have cause to wander what all the political fuss has been about. The great majority of the country's eight million taxpay- all of the 6.8 mil- lion who make a living as em- ployees of somebody else-will count the changes strictly In small change. The legislation, which prompted protracted Commons debate and long study by a Se- nate committee before passage Tuesday, was awaiting only rou- tine royal assent to become law. The federal revenue depart- ment still is preparing its pay- roll tax-deduction guides for 1972, but indications are that changes for most taxpayers will be minimal. Further, what many may gain on the tax swing, they will lose on the roundabout of other fed- eral or provincial measures. MORE PAY INSURANCE An advance nejrt month on the tax front will be offset in part among 1.2 million Canadians who will be newly enrolled in the unemployment insurance program and required to pay into that. In the legislative offing is a revision of family allowances that will reduce those for fami- lies in middle-and upper-income ranges. Examples: single Ontario resident earning a year with standard tax-deduction claims rail be roughly 80 cents a week better off under the tax lew, with weekly take-home pay of 591.54 instead of the averag this year. married Alberlan wit two school-age children, stand- ard deductions and a salary of a year will take home about a week under the new regime compared with average this year. Even government estimates of benefits when the tax bill was published last June were rela lively small. They ranged between savings of a year for a single person at to a tax cut of for a married man at Some would pay more-op to year.for a single person with in annual in come. INCLUDES TAX CUT Other factors have entered the picture since June, notably the Oct. 14 announcement of a three-per-cent reduction in bash federal off the full fed eral and is to be carried into the new system On the basis of the 1970 law that would result in a saving a less than 50 cents a week for the bachelor, under a dollar a week for the nually family man. The man will start paying 54 cents a week in unem- ployment insurance in the new year. The man is already paying about twice that. Unemployment insurance de- ductions will be newly-deducti- ble from income in calculating income tax. But payments made on behall of an employee for medical care insurance by his not those by his provincial govern- Boyle's column By HAL BOYLE NEW YORK (AP) Things a. columnist might never know if he didn't open his mail: Life doesn't begin at 40, but you can get more relief from pain after that age. In fact, a study of five U.S. veterans ad- ministration-hospitals showed that the older you get the bet- ter the results you receive from taking pain-killers. Pa- tients 80 year: old obtained al- most twice as much pain re- lief as those between 40 and 45. What did Czar Nicholas n, Kaiser Wilhelm II, King Ed- varf VI and Lady Randolph Churchill, mother of Sir Win- ston Churchill, have in com- mon? All had themselves tat- tooed during the late 19th cen- tury when the fad became popular among European no- bility. Lady Churchill had a snake tattooed around her arm. Do you have a philosophy of your own (award life? Walter Hagen, the great golfer, had a simple one which he used to say aloud every time he knocked a ball into the rough: "Don't hurry, don't worry. And don't forget to smell the flowers." Among the 30 parts of the body thai now can be trans- planted are hearts, kidneys, lungs, bones and corneas. But can you guess which is the most important transplant? It is blood: KEEP BIG END UP Household lint: Eggs tend to keep longer it stored broad end up. This position helps protect the sealed air cell just below tne broad end of the shell. Widen your horizons: Chronic depression haunts the lives of millions of men and women during their middle years. This is most likely to happen, says Dr. Francis J. Braceland, an authority in this field, among people who are "narrow of outlook and rigid in their views." Behemoths: Two half-a-mil- Uon-ton supertankers being built in Japan will draw 90 feet of water and are so huge that only about five ports in the world are deep enough for them to enter. Even the English Channel is too shal- low to accommodate tnem. Folklore: A girl may lose her sweetheart if she sits on a table while talking to him. A girl who carries a nutmeg in her pocket will marry but to an old man. A girl who gives a pair of slippers to a man she is engaged to will never marry him. ment-mll have to be added to income, raising the tax take. Residents of Ontario, Alberta and British Columbia stand to lose from the medical-care rul- ing. In those three provinces, it Is common for employers to pay part of tie medical care prem- ium. In the others, most or oil of the costs are financed by government out of general reve- nue. The practical Impact will vary widely. But for many in Ontario, Al- berta and B.C., a break on de- ducting unemployment insur- ance" payraente for tax purposes would be wined out by the medi- cal-care rule. Thus, an employee paying the lop rate of unemployment insur- ance will be able to deduct from annual income be- fore calculating tax. But, if that employee is a Retired CP telegraph chief dies MONTREAL (CP) George (Tiny) Pescud, 62, who retired Oct. 1 as geueral manager of Canadian Pacific Telecommuni- cations, died in hospital Mon- day. A spokesman for the company said Mr. Pescud entered hospi- :al before Christmas but had suffered deteriorating health for some time. Bom Feb. 1, 1909, in Surrey, England, he was taken as an iu- rant to Swift Current, Sask., by Ids immigrant parrots and began working as a telegraph messenger at 14. In an interview shortly before Ins retirement, Mr. Pescud re- ferred to bis appointment as general manager in October, 1953, and said: "I cannot see there will ever again be a time a a can start as a messenger my and end up as general man- ager." Other positions in his 48-year career included a six-year stint as chief dot in Montreal and supervisory posts in Moose Jaw, Sask., and Winnipeg before re- timing to Montreal as assistant general manager in March, .950. Mr. Pescud is survived by his wife, the former Helen Lillian Locus, a native of Red cliff, Alta., a brother and a sister. A private funeral service is to be held Thursday in Swift Cur- rent, Sask. family man and his employer pays half the medical care premiums, he will have to add in in B.C. and in Alberta. SYSTEMS DIFFER Adding to regional differ- ences, shifts in provincial tax systems would vary the impact o? the new tax law on different pay packets. Under federal-provincial tax- sharing Ottawa collects and turns over a set share of the income tax taken under its calculations to all provinces but Quebec, which collects He own. All but British Columbia, On- tario and Nova Scotia among the nine provinces in the agree- ment have special arrange- ments whereby Ottawa collects for them more than .the stand- ard proportion earmarked for provincial treasuries. With technical changes in the tax-sharing agreement neces- sary under the new law, the provinces may decide that now is the best time to take a bigger slice. Nova Scotia has already an- nounced plans to increase its take in a move that would raise the total income tax paid by a citizen by an esti- fated a year. The various ups and downs of tax and welfare programs, bow- ever, are likely lo leave the middle majority of Canadian taxpayers roughly where they now are financially. Take that Al- berta man with a wife and two young children. The new tax-law deductions will reduce his taxable income by almost a year to That allows for the addi- tion of employer's con- tribution to medical the subtraction from taxable In- come of tile he is going to have to pay for unemployment Insurance. But his actual federal and provincial tax will go down by less than in the year, even allowing for the three-per-cent reduction in basic federal tax announced in October. In weekly terms, after count- ing new unemployment in- surance he will have to pay, he is better off by about But when the revision to fam- ily allowances comes in, his wife will lose about twice that amount in federal payments. Tundoy, Jairairy 4, THI UTHMIDOE HEUUD If Gets 15 years CALGARY (CP) Walter foltucky, 45, was sentenced to 5 years imprisonment after he was found guilty in provincial court of armed robbery. He was convicted of holding p a branch of Toronto Domi- nion Bank June 23 wiiile armed >ith a revolver and escaping with none of which was ecovered. BANK HOMER SHOT Kurt Viomik, 44, gong lead- er in the Cologne bank robbery, lies on ground after being ihot and wounded by a fast-drawing police- man not far from foresti at Saarbruecken, Germany, end- ing one of West Germany's largest criminal manhunts. Vicenik In the chest he and his two compan- ions, both Frenchmen, were frying to negotiate for a faster auto and free passage to Hamburg. Airline industry growth rate down MOON PRACTICE Apollo 16 aslronouli practice for their mission on simulated moon surface ut Kennedy Space Centre. In the foreground Charles Duke deploys an Instrument to measure the moon's heal flow ond in the background Commander John Young works at ths central station. MONTREAL (CP) The world's airline industry had Its "lowest ever" growth rate in 1971, a preliminary report by the International Civil Aviation Organization says. The report, based on mated traffic for the air- lines of ICAO's 122 member states, shows the airlines car- ried mure passengers and freight in 1971 than ever before. However, the increase in traffic is tower than in past years. Excluding the U.S.S.R., which joined ICAO in 1970 and in- cludes some non-scheduled traf- fic in its figures, total passen. ger, baggage, freight arid mail traffic on member airlines is expected to be million ton-miles, an increase o! only two per cent from 1970 and the lowest percentage increase in the 20 years o[ JACO's exist- ence. During the last decade, the annual rate of increase for this total traffic has ranged from a low of nine per cent to a high of 19 per cent. The number of passengers can-led rose lo 320 million from 314 million, an increase of two per cent, compared lo the sev- en-per-ccnt increase from 1969 to 1970. The average number of passengers per aircraft rose to 56 from 55, and the average number of miles flown by each passenger also increased to 7M from 768, although both figures represented a smiillcr percen- tage increase than in 1970. Freight traffic increased to 7 ,-405 million lon-milos from million ton-mUea, i three- per-cent increase compared to a seven-per-cent growth in 1970. Air mail traffic actually de- clined in 1971. Including Soviet figures raised the increases and percen- tages slightly but still leaves 1971 as one of the slowest growth periods for the industry, the ICAO report shows. Stratford play makes debut on Broadway NEW YORK (CP) The Ca- nadian Stratford Festival Thea- tre's production of the farce There's One in Every Marriage opened Monday night at Broad- way's Royalc Theatre. The French comedy, written jy Georges Feydeau and trans- lated by Suzanne Grossman and ?axtoh Whitchead, is presented by David Mcrriclt, who under- wrote the cost of (lie production. The play won warm reviews luring its five-week run at the itralford Festival's Avon Tlica- rc last summer. Tlie production lore has Peter Donat, Jack Cre- oy and Tony van Bridge play- ng their Stratford roles. Others if the original cast include liehard Qirnock, Donal Ewer and Robin Marshall. SECOND LARGEST Canada is the second largest roduccr of wood pulp in the world after the United Slates nd the largest exporter. 9 SUPER SAVINGS EVERYDAY AT THRIFTWAY Thriftway Drugs SUPER SAVERS R.H. EGG CREME SHAMPOO 8-fl. 01. Reg. We Special SHAMPOO 15-fl. ez. Reg. 2.19 4 4Q Special 'n' CLAIROL NICE 'N EASY HAIR COLOR Reg. 2.50 4 CO Our Price BALLS 250's, Reg. 1.09 A AAl< Our Price r for HOME PERMS Richard Hudnut Fashion Quick Reg. 2.39. Our Price........ CORICIDIN D COLD TABLETS Reg. 2.19 Our Price NEW NOXZEMA MOUTHWASH 19-fl. ez. Reg. 89c. Our Price WILKINSON RAZOR BLADES ID'S. Rtg. 1.39. Our Price..... 69' VICKS FORMULA 44 COUGH SYRUP Reg. 1.29 Special ALL CHRISTMAS WRAP and BOXED CARDS tt PRICE I.D.A. BATHROOM TISSUE 6 rolls for VITAMIN HEALTH SUPPLEMENTS Docriprion Sugg. Retail Our Prlw Natural Multiple Vitamins (one daily) 60's 3.29 2.79 Natural Multipl. Vitamins plus iron 60V 3.79 3.21 Natural Children's Vitamins 100's" 2.79 2.37 Natural Geriatric Formula 60'c 3.79 3.22 Natural Vitamin C 150 mgm (Rose Hips) lOO'i 3.29 Natural Vitamin C 250 rngm (Rot. Hips) lOO'i 3.79 Natural Vitamin E 100 I. U. 60's 4.49 3.77 Natural Dolomite (source of Calcium Magnesium) 80's 2.29 1.99 Natural Dessicated Beef Liver with B12 100's 2.98 2.59 Natural Lecithin Capsule 50's 2.98 2.59 Natural Digestive Enzyme 60's 3.49 2.8B Natural Kelp Alfalfa (source of iodine) 100's 2.29 1.99 Natural Garlic Parsley 100's 2.69 2.27 Natural Herbal Laxative 60's 2.49 Natural Wheat Germ Oil (6mm) 75'ss 2.79 2.37 Natural Brewers Yeast with C (Rose Lips) 180's 3.49 2.88 Natural Meal with Vitamin D 200's 3.49 2.88 CONTAC C COLD CAPSULES Reg. 1.59. Our Price 99' IDAIARM KEY WOUND ALARM CLOCK Reg. 3.49. Special PLASTIC GARBAGE BAGS Extra Special 3 990 VAP-AIR VAPORIZER Special 4.39 BATTERIES Eveready. Size D i C Ftaihlite t Transistor. Reg. 2 for 79c. Special 2... 66F I.D.A. HEATING PAD Special 4.99 LISTERINE MOUTHWASH 20-oz. Reg. 1.89. Our Pries........ 99' NATURAL SOURCE VITAMINS See List Attached For Prices and VAPO-RUB Sugg. List 1.23. Our Price 213 DRISTAN TABLETS 24's. Sugg. List 1.45. Our Pries A535 RUB 2-oz. Sugg. List 1.49 QOfl Our Price SlJl'' Open Daily 9 a.m. to 9 Open Sundays and Holidays 2 p.m. to 4 p.m. and 7 p.m. to 9 p.m. Super Savings Everyday at n "YOUR I.D.A. AND REXALL DRUG STORE" 702 73th Street North Phone 337-0340 9 SUPER SAVINGS EVERYDAY AT THRIFTWAY ;