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Show THE AMERICAN FORK CITIZEN, Thursday, December 4, 1958 Published Every Thursday at American Fork, Utah by the ALPINE PUBLISHING CO. Entered as Second Class Matter, at the Postoffice at American Fork, Utah, under the act of March 3, 1879. amounted to 2.8 of total state tax collections. This percentage Increased to 3.9 In 1940, 8.3 In 1950, 10.2 In 1955, and 12.9 In 1958. Finally, the report observes that "although the Individual tax is not a tax on business, it can have a marked effect on business and industrial develop ment by either encouraging or discouraging technical, profes sional, scientific, and executive personnel from locating in the State." Subscription Rate $3.50 Per Year Taxes from Lower Income Brackets Utah's Chief Source of Revenue "Because of Utah's relatively low income levels, the State must rely chiefly on taxes collected from those In the lower income brackets to pay for the cost of governmental operations." This was one of the conclusions reached by Utah Foundation, the private tax research organization, organi-zation, In their latest report on the State's individual income tax. To illustrate the above point, the report observes that complete com-plete confiscation of all taxable Income above $9,000 in Utah would bring in enough additional revenue to operate the state government for about 16 weeks. If the hypothetical confiscation were set at $5,000, the additional revenue would operate the State lor approximately 28 weeks. Only 5 of the individuals filing 1957 Income tax returns reported taxable tax-able incomes of more than $5,000, with only 2 having taxable Incomes In-comes in excess of $9,000. Foundation analysts report that there is an apparent cor-' cor-' relation between higher income tax rates and a general withholding with-holding law . for income taxes. Eight of the ten states that have enacted general withholding laws were adopted. In most cases, cas-es, the increases were greatest at the lower income levels. An analysis of income tax liabilities lia-bilities in the various states reveals re-veals that the average income tax in the states that have a general withholding law is considerably con-siderably higher than in the states without such a law. The differences are relatively great er at the lower Income levels than at the higher levels. For a family of four persons with a gross income of $4,000, the average aver-age income tax in the withholding withhold-ing states is twice that of the average tax in the nonwlthhold-ing nonwlthhold-ing states. The analysis made by Utah Foundation also discloses that In most states the tax has acted as an offset to higher income taxes, tax-es, especially at the lower income in-come levels. The average income in-come tax in the states having both a sales tax and an income tax is much lower than in the states having only an Income tax. State individual income tax collections in Utah totaled $11,-454,660, $11,-454,660, during the fiscal year ended June 30, 1958, according to the report. All of this revenue, reve-nue, except for administrative and collection expense, was placed in the Uniform School Fund for distribution to local school districts. If this income tax revenue had not been available avail-able additional state-wide property prop-erty tax of 9.1 mills ($9.10 per $1,000 assessed valuation) would have been required last year. Foundation officials point out that because of the steeply pro gressive rates and moderate exemption ex-emption and deduction allowances, allow-ances, Utah's individual income tax is the one state revenue source that rises even faster than personal income. As a result the state individual Income tax has assumed increasing importance import-ance in Utah's state tax structure. struc-ture. In 1932 income tax receipts Back-Log From Citizen News Columns TEN YEARS AGO The new proposed sewer is a must for American Fork If this city Is to continue to grow and reach her rightful position in the coming years. Dates for the presentation of the annual Alpine Stake MIA sponsored Christmas pageant have been set for Wednesday and Thursday nights, December 22 and 23. Santa Claus and his reindeers will be in American Fork Saturday Satur-day evening to usher in the three-week pre-Chrlstmas festivity. festi-vity. Delighting the hearts of the children of the community will be this genial patron saint of the yule season on a specially prepared float. He will ride east along Main Street beginning at First West Street and continuing to the Stake Tabernacle corner at First East. TWENTY YEARS AGO Wednesday afternoon In the basement of the Public Library, a special handcraft demonstration demonstra-tion was given under the leadership leader-ship of Mrs. Ellen Tracy of the recreation department. Blueprints of the new fire truck being built for American Fork City were shown to Mayor Albert Tregaskis and the city councilmen, at a session Monday Mon-day night in the city hall. Promise of an early survey in connection with the proposed widening of Main Street was made by the state road commission commis-sion at a meeting here Friday I I BUY A HOME OF YOUR OWN IN EDGEFIELD SUBDIVISION 3 Bedrooms Curb and Gutter Full Basement Sidewalks Attached Carport Sewer Outside Storage Area Hard Surfaced Road ALL inPnOUELIENTS If AND PAID FOR SMALL MONTHLY PAYMENTS See these choice homes now on Orchard Avenue 2nd So. between 3rd & 4th East American Fork, Utah F.H.A., G. I., Or Conventional Financing Total Sales Price F.H.A. Appraised Valuation $13,900.00 See us for today's Best Buy! afternoon. THIRTY YEARS AGO Another meeting of the World War ex-service men of American Fork has been called at the City Hall Wednesday evening, December De-cember 12th when the organization organiza-tion of an American Legion Post will be discussed. Christmas will be a holiday for all post office employees. There will be no delivery o! mall cn Christmas day, either by the City or RFD carriers or by General Delivery, except specicl delivery mall. Basketball fans will have the treat of their lives next Friday night with a big double header program of basketball in the new gymnasium. The BYU college will put on a double header play ing Snow college and Dixie college. ARRATT Builders Supply Co 59 West Main Phone 551 35 North Barratt Ave. Phone 704 AMERICAN FORK "Smart people build or buy before a Boom! ! Legal Notice 'NOTICE OF THE INTENTION OF THE BOARD OF EDUCATION EDUCA-TION OF ALPINE SCHOOL DIS TRICT, UTAH COUNTY, STATE OF UTAH, TO ISSUE BONDS OF SAID DISTRICT IN THE SUM OF ONE HUNDRED THOUSAND DOLLARS ($100, 000.00), FOR THE PURPOSE OF PAYING AND REDEEMING OUTSTANDING AND MATURING MATUR-ING BONDS OF SAID DISTRICT, DIS-TRICT, AND NOTICE OF A TIME AND PLACE FOR RE CEIVING OBJECTIONS TO THE LEGALITY, REGULARITY OR VALIDITY OF SAID BONDS OR OF THE ISSUE OR SALE THEREOF, OR OF THE IN DEBTEDNESS REPRESENTED THEREBY. "PUBLIC NOTICE is hereby given that in accordance with a resolution adopted by the Board of Education of Alpine School District, Utah County, State of Utah, on the 17th day o November, No-vember, 1958, the said Board of Education proposes to issue the, refunding bonds of said school district in the sum of one Hundred Hun-dred Thousand Dollars ($100,-000.00), ($100,-000.00), dated January 15, 1959 in the denomination of One Thousand Dollars '($1,000.00) each numbered one (1) to one hundred (100) both inclusive, bearing interest not to exceed four percent (4) per annum, interest payable semi-annually on January 15 and July 15, beginning be-ginning with July 15, 1959, all of said bonds to mature and be come due and payable on the 15th day of January, 1963. "Said bonds are to be issued for the purpose of refunding and redeeming outstanding and ma turing bonds of the Board of Education of Alpine School Dis trict, Utah County, Utah, as fol lows: Bonds in the total princi pal amount of One Hundred Thousand Dollars ($100,000.00), numbered four hundred one (401) to five hundred (500), both inclusive, of the denomination of One Thousand Dollars ($1,000.00) each, dated January 15, 1954, bearing interest at one and three fourth per cent (l-34rr), per annum and matur ing January 15, 1959. "NOTICE is also given that any and all persons objecting to the legality, regularity or validity of said refunding bonds to be issued or of the issue or sale thereof, or of the indebtedness represent ed thereby, are hereby required to be and appear before the Board of Education of Alpine School District at its office in American Fork, Utah, a place within said school district, on the 15th day of December, 1958, at the hour of 8:00 o'clock P.M., then and there to present in writing, duly verified, such objection ob-jection as he or they may have to the legality, regularity or validity of said bonds, the issue or sale thereof, or the Indebtedness Indebted-ness represented thereby. If no such written objections are presented pre-sented at the time and place specified herein, the Board of Education of Alpine School District Dis-trict shall thereupon so certify and all persons shall thereafter be forever barred from questioning question-ing in any manner or proceeding the legality, regularity or validity validi-ty of such bonds, or the issue and sale thereof, or of the indebtedness in-debtedness represented thereby, and thereof, said Board of Education Edu-cation of Alpine School District may thereupon refund and re deem the said outstanding bonds. IN WITNESS WHEREOF, the Board of Education of Alpine School District, Utah County, Utah, has caused this notice to be given this 17th day of November, Novem-ber, 1958." Niels Fusal President of the Board of Education of Alpine School District, Utah County, State of Utah. ATTEST: ELIJAH CHIPMAN Clerk of the Board of Education of Alpine School District, Utah County, State of Utah. DUP Meetings Bee Hive Camp The Bee Hive Camp will hold Its annual Christmas social on Thursday, December 11, at 2 p. m., at the home of Mrs. Charles Walker. The theme to be carried out In the program and lunch will be "Christmas in Years Gone By." Hostesses for the day are Mrs. Walker, Annie Shelley, Mae Preston Pres-ton and Electa Smith. All members mem-bers are urged to attend. American Fork Camp Christmas party for the American Amer-ican Fork Camp will be held the afternoon of December 11 in the Second-Seventh Ward Relief Society room. Hostesses are Sarah Monson, Flossie Shiner and Harriet Mulllner. Notice to Creditors ESTATE OF LELAND WRIGHT, Deceased. Creditors will present claims with vouchers to the undersign ed administratrix at the office of O. DeVere Wootton, Attorney at Law, Suite 12, Geneva Building, Build-ing, American Fork, Utah, on or before January 31, 1959. Madge O. Wright Administratrix O. DeVere Wootton ' f Attorney for Administratrix American Fork, Utah First publication: Nov. 27, 1958. Last publication: Dec. 18, 1958. , H..l MOT ME!" Si '". : - - t.-.-y I1 - . 9 "J magic wand put happiness in my everyday living. Adding regularly to my bank savings ac count has helped me to have more and more of the things I want!" Peoples State Bank OF AMERICAN FORK Member of Federal Deposit Insurance Corporation All deposits insured to $10,000 I mm m m mm trade in .f, youroW it All new8 Suburbanite MAE 12 TOE Steads Bites through snow that's HUB-CAP DEEP! Lowest price in years! Everything you expect of a winter tire is built into the great new 3-T Suburbanite! Up to 51 more traction in snow ... up to 17 bettttf traction in mud . . . smoother, quieter ride on dry pavement ... an extra season of wear for many motorists. Get set for winter's worst. Get Goodyear's new 3-T Suburbanite and at the lowest frict in years! Don't wait! Don't get stuck! TRADE FOR TRACTION TODAY! nnw;mi'iM ii M)iiijji;whi"'imiiajih COmCIAL TIRE SERUIGE 1461 North State Provo Phone FR3-2283 Pub. November 26. number 1 4, 1958. |