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Show $100QQ REWARD $100 reward to the person who can find a more efficient Solar Panel available than MOUNTAIN WEST ENERGY offers. If you were buying Solar, wouldn't you want the most efficient system? At the Best Price? We'll give you the facts you, You decide on the best buy. You have only until Dec. 31 to let the government pay for V2 of your system sys-tem on this year's tax return. 7 v , Locally owned and operated by James and Steve Day For free estimates call ' 1 ' " 586.1334 586-4005 fjftoTJlTTT Kevin Jones 586-8879 rlf&zrrfiRtTi Mike Peterson 586-2150 V!lflflf:UV51V Russell Day 586-8335 I I Tax Saver Tax Saver Certificates (j 1 Retirement Account (1-YEAR) 1 0- J v Open or add to your Zions Bank Indi- Invest before A v vidual Retirement Account for 1981 any- December 31, 1981 9fMjS time until APril 15' 1982 Taxes are and you can yb 1 if deferred until withdrawn, reinvest the same ft?" l New 18-month Money Market money plus the interest I Jj Certificate with $100 minumum is before December 31, ""X. "" now available. 1982, and earn double Beginning January 1. 1982 every wage interest on the same I I earner can have a retirement account money. The first $2,000 II in addition to any IRS approved retire- of interest is tax free. J . ment or pension plan. More ways to save Ss ZIONS at Zions flank FffigT NATIONAL 8-month Money Market Certificates 30-month Certificates: Lock in today's Founded by Brigham Young 1873 Member Federal Deposit Inturance Corporation Equal Opportunity Employer Trust your savings and retirement account to Zions Bank, home of Utah's first chartered trust department. (IffvALU eH 1 LUJ?iAT JJLI USED CARS 1977 Jeep CJ-7 Hardtop, V-8, Auto Trans. ' PIS Steering, Radio, Carpet Spoke Rims, etc. Just$4,69500 1979 Mazda RX-7 "GS " Model wSunroof Aluminum whe ls,AMFM LOW, LOW MILES Kelly Blue Book $946000 Our Price $8,375 1979 Olds 98 Regency 4 dr. Diesel Sedan Loaded with options! Beautiful, clean, luxurious and very economical! Only$7,28700 SAVE ON THESE AND MANY OTHER BEST BUY, VALUE RATED SPECIALS AT: 6 Franchises-1 Overhead Olds-Pontiac-Cadillac GMC-Jeep-Subaru Tri-State Motor Saves you money 298 S. Main, Cedar City j HCUBLER & certifieopublicccuntnts ' BOX1139-360WEST200NORTH A Q Qfif I A T n C CEDAR CITY, UTAH 84720 rjJVA-IAl LJ mil5M9479 MHIIIISSKWAUORRKAIKIN '"""a) JOSFPH H. CUBLER JAMES M. WILSON "THE GOVERNMENT GETS HALF!" (Not Necessarily) . . I ha ve heard it said numerous times, "When I sell my ' property, the governments gets half of the sales price." If your property qualifies for the preferred, long-term capital gains treatment, you will pay substantially less than half, perhaps more like 8 percent of the 10 percent of the sales price. . .To measure the tax consequences on the sale of any property, you need to know the "basis" of the property. . .Since "basis" is the key to all income tax concerns and affects every taxpayer in this country, it deserves to be explained. The term "basis" refers to the figures used as the starting point upon which gain or loss on a sale is determined. In the usual case, your gain or loss is simply the difference between the amount you receive and the amount you paid, (adjusted for any depreciation d deductions taken and additions to the property). . .You may have acquired your property by gift or inheritance. If received by gift during the lifetime of the donor you will use his basis. If you inherited the property, you are entitled to use as your basis the "fair market value" as stated in the estate. . . .A typical sale may look like this. The property was purchased in 1960 for $20,000 and no depreciation has been taken, nor have any additions been made. The property is sold in 1980 for $70,000 resulting in a gain of $50,000. If this property otherwise qualifies for long-term long-term capital gain treatment, only 40 percent of the gain is taxable. If your income tax bracket is 30 percent, your resulting federal Income taxes would be $6,000 ($50,000 X 40 percent X 30 percent). . .Other income tax considerations, such as income averaging, operating losses, capital loss carryovers and the new alternative minimum tax (a tax on excess capital gains) can have a significant effect on your final tax determination. ..I encourage you to hire professional assistance before entering into sales of property. |
