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Show THE SENTINEL DDDffDaftuoDD American taxpayers are paying millions of dollars each year in times of high inflation through a "tax" which is nowhere written into law, according to Utah Foundation, the private, research agency. Federal and state governments receive this money as a hidden windfall, and do not account for it to the public. In addition to its direct effect on the marketplace, inflation takes an additional bite out of most wage earners' income through its interaction with the graduated income tax," the foundation points out in a research brief released this week. Because such things as personal it non-prof- : Page 3 tat' IbStte piroinniptis support Iron" omicoinnie SmdeniDug fixed-doll- fixed-doll- ar ar ! 4v - ( dance statehood scheduled In honor of Utah's anniversary of statehood, Jan. 4, the Salt Lake County Library System is celebrating the month with the theme, "Local History: A Thing Of The Women of aU ages are invited to improve their ViICttbmlr.,Ciali,tNfc fovarM to mt statnrifc CNfititiM, htaf tmntni kj tfct Itah Prtw bMdatiN. H M m that wttut, bis Ntaj ft to tot utiNal kmL lam R. Ia Mrf, 3715 tart. Wnt Mm, mt Urn Craig Craaar, CS2I S. 353S W, West Mai, test stoat' mi ttM abet, matctinhj. Mn mrnni $51, laMati, $25, mi Craaar, i n $15. the same rate of inflation. x According to the Advisory Commission on Intergovernmental Relations, "indexation simply requires the government to play fair with taxpayers. . . It shines the spotlight of accountability on elected officials and forces them to publicly confront the taxing and spending issues of the day in a manner for which they can clearly be held responsible by the voters." The foundation notes that "a growing number of U.S. citizens appear to be reaching the same conclusion." . ,v . - celebrates taxes. Proposals for "indexing" such features as personal exemptions, allowable deductions, and the width of marginal tax brackets appear to be gaining support. Such indexing would retain the real value of the exemptions, deductions, and tax graduations by automatically adjusting them to the advance of inflation. Under such indexing, tax liability would increase as income wealth in increased, but after-taconstant dollars would terms of income advanced at not change if - ... Exhibits, book lists, and programs will be featured throughout the system. Local pioneer history will be explored at the South Jordan Branch Library, 10300 Beckstead Ln., on Monday, Jan. 12 at 1 p.m. The South Jordan Chapter of the Daughters of Utah Pioneers will present the lecture. a base gross income of an additional $3,067 in the fifth year. Amounts include both federal and Utah state income On $35,000, on-goi- Aerobic Past?". Mby kas mm truly accountable for this extra money, which often is used to programs. If begin new lawmakers do adjust the tax structure to lessen the burden of the inflation tax, they claim credit for enacting a 'tax reduction' that is no reduction at all." The foundation presents figures, based on current U.S. and Utah income tax laws, to show that a typical family of four, taking standard would the deductions, pay following amounts in "inflation tax" after five years of 10 percent annual inflation: On a base income of $10,000 a year, $1,054 in added inflation tax in the fifth vear. crease as income increases, and even for the tax liability to rise faster than income rises because of the graduated nature of the tax structure," the foundation notes. "However, when inflation causes tax liability to rise at a faster rate than is contemplated in the tax structure, two things happen: 1) inthe individual has less after-ta- x come in terms of real dollars than he had before, even though his gross income has increased at the same rate as inflation; and 2) the government collects more money, in real dollars as well as in nominal dollars, than was intended when the tax structure was approved. Lawmakers are not exemptions, allowable deductions, and the marginal income brackets to which progressive tax rates are applied are all stated in amounts, their value changes with inflation without the change being visible on the surface. When wages are adjusted for inflation, the wage earner is moved into a higher tax bracket, deductions while his and exemptions lose real value. As a result, income tax liability not only rises, but rises faster than was contemplated when the tax structure was approved. "It is normal and acceptable under a graduated income tax system that tax liability should in Library y 'H Thursday, January 8, 1981 .. : , ' " ; total fitness by joining the new YWCA Aerobic Dance class at the South Jor- dan Library. Classes will be held twice a week, on Thursdays and Saturdays, at 10300 the library, Ln. Beckstead Two classes will be held both days. Thursday sessions will be at 6:45 and 7:45 and p.m. Saturday sessions will be at 10 and 11 a.m. Carol Boyde, a certified instructor with "Aerobics in Motion," will be teaching. Aerobic dance is a combination of exercise, dance and vigorous routines including disco, ballet, skipping, and jumping. The instructor will lead participants exerthrough warm-u- p cise, dance and cool down phases to invigorating music. For more information fees, contact Mrs on Boyde , at 254-47- or -- : () ' j (I I Dorothy Pollock YWCA,' v"' 355-280- iJ i : : VESTS'. & - Deputies investigate burglaries of number and thefts, burglaries, vandalisms on the east-sid- e are being investigated by the Salt Lake County Sheriffs OfA fm ftt taosh mi am at ianrtiriat1 kf Saanj rattan tf km tatt's Mm Stf. Gw JatoMt; tiftitattiia laiM occurred within one day Burglars broke into a of each other in the same jeep parked at a residenarea. ce near 10000 S. 3300 W. and took a stereo and two speakers. Estimated loss is $550. Nearby, at a residence ' at approximately 10400 S. 3300 W., two speakers, valued at $130, were taken from (VtttlfRwMlMf) another jeep. West Jordan THE BOOT & SADDLE MILL 2707W.7C00S. 2 ! Officers obtained a warrant and search recovered a stolen stereo from a Draper home. The action was taken as part of an ongoing burglary investigation. We Repair: SADDLES BOOTS SHOES TACK lata A $20 radio was reported missing after a Glenmoor home under construction was broken into. Entry was apparently made by prying the kitchen window open. ,,40 k Brand Nan Boots Jk ShoM Approximately $1,700 worth of carpet laying tools were taken from a van parked near 7000 S. Airman Marvin R. 2900 E. The vehicle was Dean, son of Earnest W. kicked at the time and the and passenger wing window Seattle, Dean, Dorothy E. Barrett, 8212 had been forced open. Marion View Circle, Sancamera Jewelry, dy, has completed .Air Force basic training at equipment and a color Lackland Air Force Base, television were reported Texas. missing after burglars broke into a residence The airman, who is near 7400 S. 300 E. Entry remaining at Lackland was made by breaking a in fof specialized training basement window. Loss the security police field, was set at $370 with studied the Air Force damages totaling $50. mission, organization and customs and received Vandals shot BBs special instruction in window of a the through relations. human home near 7000 S. 300 E. Estimated damage was this of Completion ' set at $500. Vandals also Dean earned training an broke the window of a car toward credits associate degree in ap- parked in front of a plied science through the residence near 7900 S. Community College of the 1700 E. Repair costs totaled $500. Air Force. vi Xtrax Toar JmJ.1 fl j& fi I fl Vs ui Ptrsoul WtNavtClratMsPaivlMltaritrs I I , Merry Christmas From 7152 S. i ft 7 1$ 5 561-250- 1 '''. WW n wattinwiiini ImJj jEti l Wtstltrdaa flfc, n.,.,nllrn,Ml.,M.n.n,M...,.Mn.jMg,ll 4f, ijl jjt latitat" Id. Business Cards SUM , Dobullt tCT jfc QUALITY COPY LlLJ &i V ii j&mmnnM Ctttiterj - History ILm Vs fi For A Christmas Gift (lT Itytt snow iwo tires, clothing was taken from a estimated value $200, vehicle parked near 7000 were taken from a S.2000E. Burglars also took a storage shed in White from a car parked pistol City. Several speakers, near 7200 S. 700 E. and a tapes, hiking boots, two tape player from another men's car parked near 1000 E. and jackets, ta at tadrt at Stall Jariaa Urn at Taanam Satariajs. Both vehicles were unlocked. Ski equipment was taken from a car parked near 1400 E. MOOS. A purse was stolen from a shopping cart at Harmon's parking lot af 7600 S. ter its owner left it tem- porarily unattended. A 23 year old Cottonwood Heights woman was cited for shoplifting after took she allegedly butrolls and cigarettes, ter from Harmons. jv m& fed Report Inventory Sale ff aad Caret aaraaktacadats Military South Jordan police investigating two vehicle burglaries which 5C0-235- anaarat to taf Lam Hanky, Katby Eval, Jaaa strttck ait ta areaart far tfct fice. S.J. police report incidents are LaaaWg '""' ' ' EXirby Classics received your Like New & 0200 tft by Thurs. noon nt mmn tf tacam Ittnr, ar mil I tt,tt(s,kitts,irkrak. A.T. Enterprises Spciainf ia Kirirj, Ism. Cnmm Call us at 255-041- 1 4081 W. 5415 S. Kaarns.UL 966-141- 6 Jteifidldin): (Professional feofcarQ Dr. A. Fred (Cotter, D.P.M. Dr. Dal is S Green, 0PM Foot Specialists ' Members American Podiatry Association Members American Academy of Ambulatory Foot Surgery Diagnosis Treatment: and Running or jogging injuries a J Callouses. Corns Bunions Bone spurs and calcium deposits Arch problems Ingrown toenails Foot p"dln and othei problems involving feet and.lower extremities Dr. A Fred Kotter, D.P.M. Dr. Dale Green, D.P.M. West Jordan Medical and Dental Plaza 2414 West 7800 South FOR APPOINTMENT CALL: Other offices on 3900 South and Sandy 566-729- 7 or 582-538- 5 evenings |
