The Clifton Record (Clifton, Tex.), Vol. 79, No. 8, Ed. 1 Thursday, February 21, 1974 Page: 3 of 12
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THE Ci.iFT.QN
CUfton, Texas —' Page 3-A Thursday, Feb. 21. 1974
Investment Credit Can Trim Taxes
(Editor's Note: This is the third ing stock is also eligible for in-
of six weekly articles on income vestment credit. And such things
tax management _ for farmers as tile drains, fences, and feeding
and ranchers.) floors are eligible Buildings gen-
Investmeni tax credit is a mas- erally are not eligible, but credit
sive tax saver and can be appli- m*D' be claimed on storage fad-
ed to a great deal of farm pro- J li,ies such as grain bins and silos
perty, says Dr. Wayne Havenga. 1 used for bulk storage or fungible
economist for the Texas Agricul- comrnoditips.
tujal Extension Service, College
Station.
egvu
Recently, both structures and
equipment in livestock confine-
“Seven percent of the qualified , ment systems have qualified The
investment in new or used pro- *s whether the structure
perty with a useful life of seven | houses Property used as an inte-
yegrs or more can be claimed," i ®ra' Part °f production, manufac-
points out the economist. "For a ,urin8. or . extractive activity.
SI0.000 tractor, the top .invest-
ment credit would-be $700: that's
equal to $2,800 in add/i deprecia-
Farming should meet the re-
quirement," contends Hayenga
Also, the structure must be so
tion deductions for-a taxpayer in closely related to, the use of the
the 25 percent bracket. For a 15 (equipment that it cart be expect-
percent bracket taxpayer, the ed to be replaced when the
$700 is equal to $5,000 in extra equipment is changed."
depreciation deductions in terms j Generally, investment credit is
of tax saving. j taken the year the eligibility
I he tax saving is significant j property is placed in service be-
because investment credit off- j cause that is usually the time of
sets your calculated income tax acquisition. "Mqre precisely,
dollar for dollar,” emphasizes
the Texas A&M University Sys-
tem specialist.
Besides the usual array of
says Hayenga, "it is the year de-
preciation is first claimed, or the
property is placed in a condition
I of readiness and availability for
machinery and equipment, breed- use, whichever comes first
• *
Income Averaging
Important Tax Tool
(Editor's Nota: This is a fourth of
six nows articles on income tax
management for farmers and
ranchers.)
A higher farm and ranch in-,
come in 1973 does not necessari-
ly mean a higher income tax
bracket, says Dr. Wayne Hayen-
ga, economist for the Texas Ag-
ricultural 'Extension Service, Col-
lege Station. ,
“A technique called ‘income
averaging’ can reduce taxes in
situatidns where taxable income
changes measurably irom year to
year," continues the Texas, A&M
University System specialist.
‘‘For the technique to apply, your
taxable income must be at least
$3,000 more than your yearly
average income for the four im-
mediately preceding tax years.”
In addition to ordinary income,
capital gains on the sale of live-
stock and other assets may also
be'included in income averaging.
In filing for income averaging.
Schedule G must be completed
and turned in along with Form
1040, advises Hayenga. It is not
necessary to file amended re-
turns for the four preceding
years, but the tax returns from
these years must be available to
record the taxable income .re-
ported.
The economist suggests a sim-
ple check to determins if income
averaging will save tax dollars.
| First, compute the ‘‘average tax-
■ able income" for the prior four
■I years. Then, multiply that figure
by 120 per cent to get the "aver-
(age base pefiod income." The
averageabt*J income" is deter-
i mined by subtracting the aver-
| age base period income from the
curent taxable income. If the dif-
ference is more than $3,000, in-
come averaging can be used.
‘‘In figuring your income tax
by this method, the progressive
rate schedule is eliminated on
the top four-fifths of averaging
income," points out Hayenga.
ZION UNITEb
CHURCH OF CHRIST
Womack Community
Rev. Frank H. Horak Jr., Pastor
Friday, February 22
3:45 p.m.—Youth Choir.
4:15 p m —Confirmation
Sunday, February 24
9 a m.—Morning Worship.
10 a m.—Church School.
}V 5 p.m. — YF Picnic at Blew-
ettes Ranch.
Wednesday, February 27
12 noon—Happiness is . . . Shar-
ing a Meal,
7:34 p.m. — Lenten Communion
Sprvice 'Womack).
ATTEND THE CHURCH
OF YOUR CHOICE
NEW SHIPMENT
SEED POTATOES-ONION PLANTS
* FRUIT TREES * NUT TREES * SHADE TREES
* ALL KINDS OF NUTS, FRUITS, and VEGETABLES
* CITRUS FRUITS (Big Bags)
‘ CONTAINERIZED ROSE BUSHES
* PEAT MOSS * MULCHES
NOW IS THE TIME TO PLANT BARE ROOTED TREES
DORMANT SPRAY AND WINTERIZE
YOUR TREES, SHRUBS AND LAWN NOW
LIVE OAK NURSERY
511 Liveoak St. (On Hwy. 6) Clifton
BrickPapulorForExteriors =jr PCA Loans Up $1 Trillion
rrxntintiAc ac I hri/'L- pvtorinre ** tHo crwxsMalict '
Brick continues as the most ! brick exteriors." the specialist
popular home exterior, accord- continued,
ing to a nationwide survey.. "The west, on the other hand.
"Since national statistics were , favors stucco — with brick ac-
first gathered in 19fi9, brick ex- counting for only eight percent
teriors accounted for almost **) of new homes,
per cent of all new homes sold " j Woods and wood products
Mrs. Jane Berry, housing a no , dominate exteriors in the North-
home furnishings specialist, Tex east arid North Central sections."
as Agncidutral Extension Serv- j When building, buying or re-
ice, The^Texas AiM University j modeling a house, give serious
Systgj»rv?ollege Station, noted., s thought to the exterior wall- ma-
,"jyText in line were wood ex-j terial, Mrs. Berr/ suggested,
teriors at 30 per cent, then stui*- "Beauty, durability, and low
co at 11 per cent, eight per cent > maintenance requirements high
with aluminu#) siding, and 11 light brick's popuarity.
per cent with asbestos shingles. "Although initially more ex-
'cinder block, Stone and other ma- pensive than some materials,
terials. I brick may provide sufficient,
"Brick homes are most popu- maintenance-free service in the
lar in the South, where 65 per-1 long run to offset! (he higher
cent of all new houses have 1 costs," she concludes!.
~
Trimming Off Excess Pounds
Many people find those tasty | flavin and protein without extra
holiday delights still with them—
in the form of extra pounds. „
Sally Springer, foods and nutri-
tion specialist with the Texas
Agricultural ’Extension Service,
Texas A&M University System,
College Station, offered some
"do’s arid don'ts" for solving this | help reduce calorie intake.
The Waco Production Credit
Association has. reported that its
stockholders borrowed $32 6 mil-
i lion in 1973, $11 million more than
jin 1972 ,►
Frank Anderson of. Waco, the
j association's president, sai l the
‘ dollar increase represented
more than u^5l pereent annual
growth for the PCA. 4
Mr. Anderson noted that alle-
agriculture and wouraaement tionary pressures, the price may-
of a 15 tiercent production in- be higher."
ere;ise pointed to even .vat r w.,Co PCA, with its 31
ui. :ir\ i.e.as m l".t. sister association* which make
"In addition, fuel and energy
in all forms, are going to eosi
more." the president predi led
"We are confident, that adequate
credit for production a i icuitur-r
will lx* available in 1474," Mr
Alideron said "but hocaose of
Taxpayers
Ask IRS...
.viaiion of subsidy programs for | higher cost .of motvy and infu
Insects And Winter
up the I’evas l'(»\ System, loan-
ed more than $i-t billion. .Waco
I't Vs charier territory includes
Bell, Bosque, Coryell, Fulls and
Mi i eansn Countigi.
J. 1 Hutcheson of Clifton is
a director of Ihe WPCA. •.
fat.
"Citrus fruils, on the other
hand, are low in calories and
rich in vitamin C, another im-
l»rtant nutrient."
The specialist offered some sug-
gestions in meal preparation to
Have you noticed a sharp dV-
crease in the number of insects
present around your home or
farm this winter?
The shorter day length signals
to the insect world that winter is
on its way, says-Pr. Clifford H.
'Hoeischer of Slephenville, area
entomologist with the TFxas A
ricuttural Extension Service. Col-
lege Station.
Day length is the only constant
environmental variation to- in-
in a Condition wr.okn in-
diapause. Insect diap his,* | i;,iion develops diapause eharac-
suits
Sect
can be compared' to hibernation
in animals, and- is an inactive
or resting stage vvhit-h makes
winter survival possible," Ho:*l-
scher says. .
When an insect senses the ar-
rival of shorter days, production
■of certain enzymes greatly
change its body metabolism and
activities.
There is an increase in body
iii respiration
■s'
ample of this phenomena. The
boll weevil requires about a
month to complete a generation.
Duriug^hily arid August, about
one to t\vi*TVc cent of the popu-
t’Tislics. This increases to about !
,80 to tin per tent by lute Sep-!
I tcmhi r and October, guarantee-I
ting specie survival if adverse j
i Weather arrives early, explains |
i the specialist.
On a given date, daylight |
! changes art* eonstant, from year
! to year, thus providing survival |
| mechanisms for many insect j
species. The diapause phenome-
na has been studied extensively I
problem.
"It’s best to take off extra
pounds as soon us pogible. Other-
wise, it mpy get put off and never
be done.
"You should lose those extra
five pounds in two to three weeks
by cutting down 1,000 calories
daily—of in about five weeks by
cutting down 500 calories daily,"
she said.
When reducing, the specialist
advised being sensible.
"Reduce size of servings hut
eat a wide variety of foods. Cut
down nn calories—riot nutrients.
"To do this, choose foods wisely
—avoid ‘empty-calorie’ foods with
lots of calories hut few vitamins
and minerals.’’
Using fortified skim milk helps
cut down on calories. Miss
Springer noted "It contains half
the calories of whole milk—but
the same valuable calcium^ ribo-
i "For one, serve steamed’or
panned vegetables such as broc-
coli or carrots. They furnish lots
of vitamin A but few calories
“Also, avoid adding extra fat,
cream or cheese sauces to vege-
tables. Instead, experiment with
different herbs and spices tit
please family tastes.
"In addition, trim excess fat
from meat before cooking it, the
specialist continued.
"Dieting doesn't mean avoid-
ing enriched breads and cereals
—they supply essential B-vita-
mins and iron.
“When eating bread or-coteal,
don’t add calorie-rich toppings
like butter, jam, jelly or frost-
ing.” (
Miss Springer warned against
expecting overnight results.
"Although those extra pounds
seemed to go on almost that fast,
it's best to take them off slowly."
E. Adkisson of Texas A&M Uni I come non Junctional
versity and Dr. Stanley Beck of ' Insects 'generally
sects to key they- body functions j fa! and a decrease
to and prepare for overwintering, rate and fccilin** as it enters-the I jn ma jor Texas crop and live
Hoetecher explains. * * diapausing period. Reproduction ( stock insect pests, and diapause
Research conducted by Dr, F. |organs in both insect sexes be- j findings are being incorporated
in major insect pest control
k proteo-1
Wisconsin has defined the im-';tien in ground trash, the onto-
i port ante of changes in day motorist adds,
length as a factor for many in- ! Sortie research data from Cana
sects' ability to- survive the ! da indicate that some diupausimt
weather .stresses of winter. ; insects produce eiyferol which
These scientists have demon-! serves as an anti freeze agent,
strafed an^aiterna! '‘biological j-allowing insect* to withstand ex-
clock which insects use to lyoai- treim* cold tiiwper.itures
Children May Find Sharing Hard
5EE115... WE RE
EmujJ
PLANS We fiave 2-3-4-bedroom plans that
will fit the need of any family.
MATERIALS' We se,i 6n,y ,he f,nest qu0,'!y'
known brand materials, and economical too. ^
$ .
CONTRACTOR We can recomfTien^ ,'1*
right contractor to build the particular house .
you have In mind.
FINANCING We can ^e,p you arran^®
financing, with terms to fit even the smallest
budget.
A
NATIONAL BUILDING CENTERS
"Clifton's Money Saving Corner"’1*' Phone 675-8648
Even with a full toy box, some
children- balk at sharing, one
specialist says.
Dorothy Taylor, family life ed-
uaction specialist, Texas Agri-
cultural Extension Service, Tex-
ijs A&M University (System, Col-
lege Station,' discussed how a
child learns to share — and how
parents influence this learning
process.
“A child learns what he lives.
If he lives with greed, a child
learns to be greedy and not to
share.
“Children aren't born with
built-in sharing.” she continued.
“Nor do they acquire it "auto
malically at a certain age.
“Sharing actually requires
daily practice — in judgment
and in making choices about
matters — in line, of course, with
the child’s age and understanding
iff things.”
To help a child start learning
to share, consider his point of
view, the specialist advised.
She said that toys and other
favorite objects offer security
to some children.
‘‘When a parent asks a child
to share all his possessions, the
child loses some security. That’s
why parents should be sensitive
to the child’s lelings—concerning
toys or anything else.
“Sensitive parents listen when
a child evpresses his thoughts—
to show him they value his ideas.
“Also they act with fairness
and consideration, so the child
knows he’s important.
“When parents create a sym-
pathetic atmosphere, a child
draws nearer to them. As he sees
them share feelings—and things,-
he wants to sharfy too.”.
Despite the simplicity—and
sensibility—of these procedures,
problems can arise, Miss Taylor
added.
“For example, some children
refuse to share anything because
of a power-play with their par-
ents. A child doing this is seek-
ing limits or a framework in
which to operate.
“In . this situation, parents
should exert parental power until
such time when the child can
make independent decisions,”
she said.'
“Since using parental power to
control children works oniy un-
der special conditions, it must
equal parental reward to bring
about change.”
Sharing isn't limited to a
child's possessions — it also
includes such things as chores,
Miss Taylor pointed out.
“Parents ‘battling it out’ with
children over chores and re-
sponsibilities should realize This
war can't be won. Children have
more time and ..energy to resist!
than parents have to force them.
“With chores—and other con-
flicts in sharing — parents must
win the child over.
“they do this by using fair-
ness and sympathy mentioned
earlier. In addition, parents
should state feelings and thoughts
sonalty and dignity,” the special-
without,attacking the child'.*? pet^,
ist emphasized. ,
“They should avoid words,
comments or name calling —
such as ‘stingy,’ ‘greedy,’ or
‘hog.’- Such terms create hate
and resentment — complicating
maters.”
Although these changes' don’t
occur overnight, the efforts do
haye their dewards, she added.
measures, HseMiif says.
Did You Know
tor very tiny changes in the day | From 10 to
length as winter approaches, j overwintering
Hoeischer notes. vivos until the
In tlu* early I97(ls, about 12.5 j
j millioig workers or one-fifth ifl j
the civilian labor force had com- i
! pleted \eight yeu. s or less of:
"The ‘biological clock' is a
component of the insect's brain
and produces changes in the in-
sect's body chemistry which rc-
i0 per cent of tlu* j farina I (education. By 1980, the
papulation Mir | Bureau Vf tabor Si at irst it*s pro I
following spring. | jecls, lh^; liglire will decrease to
' Hoeischer says.
i The percentage of insects cn-
' generation \ major rollon pest,
the boll weevil, is a good ex-
onr-Mxlh of the labor force and
In 19110, to one-sixteenth.
County In Top 10
In Oat Production
j Q - What are the rules for de-
ducting finance charges on de-
partment store revolving charge
accounts’
A- You may deduct .the “fi-
nance charge" levied by retail _
| stores on your revolving charge
j accounts if the charges are based
1 on your unpaid balances and com-
puted monthly. Also, in the ca'Se
teLJ»nk credit card plans, you
can deduct the finance charge If
no part of this amount is for serv-
ice charges, loan fees, credit in- ,
vestigatjon fees, etc. j
However, if you buy items on
the installment plan and the car-
ryjpg charges are separately
stated, hut the, interest charge,
cannot la* ascertained, deduct the
lower of t n 6 percent of your
average unpaid monthly balance
j or 12' the actual charge for tlje
; your. For more details, see IKS
Publication 545, "Income Tux l)f-
I (tuition for Interest Expense."
t 'se the order blank on the hack .
! of your 104)/ tax forms package
j to obtainmaree copy.
Q l/ftldj.my return the first
weoy'm January When will 1 gfrj,
| my refund'.'
A II you filed in January and
i there were no mistukes An your
I return, you should get your re-
| fund in 4 to' 5 Weeks, if you fi|e
| later, it may take up to 10 weeks.
() Can you round off dollars
| on your Federal income tax re-
; turn?
A Yes. This m ea ns- that
amounts tinder 50 cents are elim-
inated and amounts from 50 cents
to 99 cents are increased to the
next dollar. If you choose to
round off, you must do so con-
sistently with all figures on the
return.
q I pay a baby-sitter to take
care of my children while I go to
work Are lliosc amounts de-
Th - number of workers 25
years and over with four or more
I years of college will reach an
(.estimated 14.3 million by UIIUI j ductdile?
.aid 21.8 million by 1990, the U.S. j ^ Yes If you meet the quali-
Labor Department reports. I fjcaiions, you may deduct up to
$400 for any calendar month for
child care expenses incurred in
Clean rugs and carpels with a
vacuum cleaner. Shaking or heal-
in': them breaks threads, dam | home Expenses for the care
dependents -under the
Bosque Count# ranked in the
top 10 in the slate in oat produc-
tion in 1973, Agriculture Commis-
sioner John C. While has an-
nounced,
Approximately (WO,000 bushels
of oats were harvested in Bos-
que County in 1973. Commission-
er White noted the dramatic in
crease in the 1973 Bosque County
production over the 1972 crop.
Farmers in I he county increas
ed their yield per harvested acre
from 18.il bushels ih 1972 to an
amazing 48.3 bushels in 1973,
White said.
I ages the hacking and tears llu* j
I he-slate s leading oat 11 11• j,Iin.-Hanging them over a
big county in 1973 was 1 o'emati [ |jm, ;,ir;liMS fibers, causing l hem
! County, which, .produce^ more; lo t,n-ak, warns Mrs. I'mis
than t.300.000 bushels Li A > -v home management spe-
While said the 1973 To
■ls ,";l(, ciulisl. Texas Agricultural Ex
! iision .Service, Texas A&M Uni-
versity System, College Station,
crop established a record yield
of 41 bushels-p- r harvested acre.
“Texas now ranke sixth in the
nation in oat production,” White j Only linen and silk textile
said, “and we atv proud id oty i wastes tire used as the basic in-
ro!e in the production of. this I predient of currency paper, says
Important crop.” j Marilyn Brown, consumer edu-
of your
age of 15, if performed outside
your household, are limited lor
each month to $200 a month for
one child* $3(K) a month for two
children; or $400 a month for
three or more children,
Your deductible expenses must
he reduced by one-half of the
amount by which your adjusted
gross Income exceeds $18,000 for
one year. For more details, see
your Form 1040 instructions or
In 1973 Texas produced 26,250,-1 cation-clothing and textiles spe- contact your local IRS office for
....L. .1.. <>l‘ .,t-» , i..l!.,l Tnvni A itfi/.nlliii'ol I.’v i *v I eon onne rtf | ^ | *lll)ll('clt Kill
000 bushels of oats, an increase j i inlist, Texas Agricultural Ex-j a free copy of
| of nearly 175 percent over Hie (tension Service, Texas A&M Uni-1 503, 'Child Care
11972 crop, White said. | versity System, College Station. I Dependent Care.”
and Disabled
Vegeflnbles—Great Diet Shortage
Most American's don’t eat
enough vegetables, according to
one expert.
Dietitians advise families to
increase consumption of these
vital .foods, Mrs. Mary Sweeten,
foods and nutrition specialist,
Texas Agricultural Extension
Service, The Te,xas A&M Univer-
sity System, College Station,
said.
“Some advantages of eating
vegetables include healthy eyes
and skin, greater resistance to
infection, and better .blood and
elimination.
“This stems from thp fact
that vegetables are one of na-
ture's main storehouses for vita-
mins and minerals,” she said.
“Properly handled and pre-
pared. most vegetables supply
an abundance of vitamin A—plus
iron, calcium, phosphorous and
vitamin B. Some raw vegetables
.also contain vitamin C.”
The specialist explained lhat
proper preparation results in
minimum vitamin and mineral
loss.
"For example, one method in-
volves cooking vecetables for
short periods of time in small
amounts of"liquid.
!' ................ 11
BARNERS MOBIL
. Open
Sunday -^9 n-m. -4 p.m.
for
FISHING SUPPLIES
“The family then gets its vita-
mins and minerals from these
vegetables, instead of buying
them under a brand name at
higher prices.
“Consumers needn't lie afraid
to experiment with cooking— the
family may learn to enjoy' eat-
ing vegetables,” the specialist
added.
ERVIN'S
, CABINET SHOP .
311 N. Ave. D
CLIFTON, TEXAS
Open 8 am to 5 pm
(Located west of Erickson
' Feed Mill)
Phons 675-3990
^ Custom Built
. Cabinets
^ Book Cases
A Gun Cases
W* Build Most Anything
That Can Be Built
With Lumbar!
Your Business Appreciated
Ervin Drayar, Ownar
I
V-
V
Would a
New House
Help?
If you’ve outgrown your home, think about buying that larger one
you’ve been wanting. We’ll h Ip with a low-interest mortgage loan.
Fast, confidential, convenient. For either new or previously-owned
hotnes. Don’t delay ... come by and talk about it now.
Y '
FARMERS STATE BANK
Clifton,Texas
■( ■" ■ ' ' "i -: ■ .
equal n
LENDER
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Jordan, William T. The Clifton Record (Clifton, Tex.), Vol. 79, No. 8, Ed. 1 Thursday, February 21, 1974, newspaper, February 21, 1974; Clifton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth797283/m1/3/: accessed May 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Nellie Pederson Civic Library.