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Show Your Income Tax Return 2 i DAILY HERALD No. 2 joitik :;tietufns. Will Save 6u ani Jour Wife- Mphey TIZZY J v - t Tax a Series Part . (EDITOR'S NOTE; This fa the second of five dispatches en Low to pay and not overpay" your federal Income tax. Today's dispatch explains . Joint Jrasband-wif- returns.) e ; Vv ." WASHINGTON A hus(UPI) band and j wife usually can save a tidy sum on their federal income taxes by filing a "joint return." They can do this even though only one of them actually received taxable income during 1962. The reason a joint return usually means a saving is, that the United States has what is called a "progressive" income tax rate structure. The higher your income, the bigger percentage of it you must pay in. taxes. The basic tax rate for single taxpayers is 20 per cent of the first $2,000 of taxable income. The next $2,000 is taxed at 22 per cent, the next $2,000 at 26 per cent, and so on until, for taxable so-call- ed . incomes above $200,000 the government's bite is 91 cents out of each dollar. Under a joint return, the total Income reported by a married l.l couple Is in effect split in two, and each . half is taxed separately. Thus the tax rate on each half is lower than the rate on the. total would be. A Savings of $84 For example, a married man -- whose income was $7,000 might find that he owed the government $1,126 if he filed a separate return just claiming his wife as an exemption. But by having her sign a joint return with him, his tax bill is reduced to $1,042 a savings of $84.' Even when both husband and wife are wage-earner-s, it is usuto file ally cheaper joint returns. But there are some cases in which they'd come out better by filing separate returns. The only way to decide what to do is to figure your taxes both ways on scratch paper and take the cheap' er way. if Even you filed separate. re-- J turns last year, you may file a joint return this year, or vice Versa. If you file separate returns and later discovered you should have filed a joint return you may do so up to three years after the April 15 filing deadline. But, if you file a joint return, you . DuPont Maintains Ranking Among 10 Top Corporations '? By JESSE BOGUE UPI Financial Editor NEW YORK (UPI) -- KLDu Font de Nemours and Co. reported Tuesday that it had 230,610 stockholders as of last Dec. 31, and the figure showed that it keeps a spot in the list of the 10 most . operations were concerned; It said the suit removed a big burden from management shoulders and released talents and energies of many, key executives, which could now be applied full time to development of the company's business. j widely held U.S. corporations, There are other statistics on Du Henline Reassigned To Pont operations which show the Delaware-base- d corporation's high Amarillo AFB, Texas ranking by almost any set of yardAir LACKLAND AFB, Tex sticks usually applied to measure StevBasic man (he size of a corporation. en J. Henline, Du Pont ' generally is credited son of Mr. and with being the world's largest Mrs. chemical company, although its Jameson, 9th E. recent annual volume of business 30th So., Spanis less than 8 per cent of the enish Fork, is be-in- g tire industry's output. reassigned An article in the January issue to Amar i 1 1 o f Investornews, published here, AFB, Tex., for said that its ' 1961 sales of $2.2 technical trainbillion put it 11th in the list of ing as a United net Steven total In industrial, corporations. Henline, State Air Force arThe administrative fourth. specialist. earnings it placed -- Duke . ticle estimated 1962 sales increased about 11 per cent above the previ- By KATE OSANN 'ST tm . ' ' , TT t - 1963 Utah "Utah County, - , 1, TONESDAY, JAN. ,;... K tm. TM. ft? ..." m t" ft. BX IW, O . r. . i ' 23 WASHINGTON i .1 ix-v- r m-u- i The accident occurred two minutes after the giant jet took off from Iidlewild bound for Los An geles. The plane climbed to 1,600 feet, then rolled over on its back and plunged into the waters of Ja maica Bay. The CBA said it deduced from a painstaking study of the plane's flight recorder and numerous flight tests on similar aircraft that "a rudder servo malfunction due to shorted wires is the most likely abnormality to have pro duced the accident. The servo unit is part of a de vice which automatically ' reduces any tendency of a jet to roll or or . turb sideslip in a cross-win- d ulence. The CAB said the device was engaged normally shortly after takeoff of the plane. A short on the motor operating the device, the CAB said, could produce a vi maneuver eithefr olent hard-ove- r, to left or right. year. Other Conditions Even if you got married on New Year's Eve just before midnight, you are considered married for the entire year, for tax purposes and may file a joint return. If your spouse died in 1962 and you did not remarry, v you still may file a joint return. Sometimes a surviving spouse" may bene claim the income-splitting fits of a jdint return for the two years following death. For details about, this provision, ask your at torney, accountant or local office Of the Internal Revenue Service, .Suppose your wife worked only part time last year and earned less than $600. A joint return probably would be to your advantage. .She might get a refund for taxes withheld if she- - filed sepa rately, but you would; lose her as an exemption. Both husband, and wife must sign a joint return and each becomes individually liable for any tax owed the government. For ex ample, a woman could be legally responsible for .a tax debt even if she did no work and received no income during the year. Do The Same Like an individual, a couple filing jointly may take the stand ard 10 per cent deduction or item ized deductions. But if the man and wife file separate returns and one itemizes his deductions, the other must, too. You must attach to your joint return both the husband's and the wife's forms W-the statement of earnings provided by employers. One other matter that concerns quite a few couples each year is buying and selling of houses. In some circumstances you can get a break on taxation of the profit you make on selling your house Ask the Internal Revenue Office about this if you sold your house in 1962. (Next: Exemptions) Vkv . -- What a publicity Jiound! Sh's always on the honor row . .V. u-- t Seven-Cpyt- ...v,, 1 t a-n- "The school is an exceUent one," replied Harold! "and every spare moment that I can with her. As for my wife s new husband, he is the very j I! spend SiSS S.be9t. for a child?" demanded her mother, o?i? hlve P w 18 W E CUSTODY TmTcJ?EvP?LmAmFEn both sides. Then, mark YES on ( ) tUal thifpal NO 001111 ( decision' ict elsewher. SALT LAKE CITY (UPDThe : 42 pupils, Supt. Robert W.Teg'eder State Finance Commission today explained. received a request from the State He said the bus is needed to School for the Deaf and Blind in students on field trips, to carry Ogden for a new bug. the regular program site, to athThe 1948 bus now in use is worn letic events and to civic and soout and has a seating area of only cial functions. FT FOR NEW ACCOUNTS AND A (UPI) Utah Water and Power Board official today called for a seven-counconservancy district to locally administer the Colorado River Storage Project. Executive Director J. R. Bingham told Salt Lake Rotarians here "the people" must develop the project. "In 1963 the decision rests with the people to complete this development. It is necessary that a district be formed to administer the water developed by the project, to guarantee repayment and take care of local responsibilities of the venture," he said. your State School Needs Now Bus i1 SALT LAKE CITY TO ) F Conservancy District Urged orttS tisnotuch ; fK y ADD-ON- S During The Month Of January mil can mromr. rtn 1 i ty y. 10.00 50.00 100.00 100.00 100.00 250.00 250.00 250.00 500.00 500.00 500.00 500.00 1,000.00 1,000.00 1,000.00 1,500.00 1,500.00 1,500.00 2,500.00 2,500.00 5,000.00 5,000.00 5,000.00 5,000.00 10,000.00 Gold Keyring Coin Purs .,.. Six Pie Manicure Set : Road Atlai Stainless Steel Salad Server Parker Pen and Pencil Set . Set of Steak Knives 2 Player Badminton Set Travel Clock Rechargeable Flashlight Bath Scales .. Perfume Set . Hand Mixer Stainless Steel Set ,. G.E. Travel Iron Table Radio G.E. Steam Iron Dormeyer Hair Dryer Benrus Wrist Watch, Men's or Ladies' (Gold). 8mm Brownie Movie Camera.. Transistor Radio Westinghouse Electric Blanket G.E. Clock Radio Gruen Wrist Watch, Man's, or Ladies' Polaroid Camera .. 1 . Small changes in dairy routine may lower milk production temporarily. Don't shift the milking time or change the position of the salt box without good reason. The cows may retaliate by giving less milk. ' under federal court orders climaxing 13 years of a tough antitrust battle, Du Pont began distributing of about - court; granted him not only a divorce but also, custody ' of av'" uuKixisj.. iiwui Bui. nicwiuas later, ma wix vru " crash. ous year to around' $2.4 billion and net earnings from operations increased about 20 per cent above the $263 million of 1961. The earnings from operations figure cited did not include General Motors dividends. Last July, its holdings Drmrinn T T1TTT Wh r. 12-mo- 2, Tf The (UPI) . Aerohautics Board today ui ucstiun oi custody 4 jictuiujj nave remarnea," sne explained to the court. blamed the March 1, 1962, crash OYwl Vinmo .' in New York of an American Air TIOW. . . TiaVA- A e i "u irtr x4j liw ixuaufcuiu is very lines ' Boeing 707 on a - probable anxious tq have the child come and live with us. Aa for short circuit in the rudder con- oa wwn so mucn ""iilc ia mat he has placed her t10iU'u trol system. in school She will be aboarding; better off with us." All 95. aboard were killed in the en , Readers Civil may not file separate ones after April 15. Joint ffling is prohibited in some circumstances. They are: If you were divorced or legally separat ed on or before Dec. 31; if you who are married to a does not live in this country; or if you and 'your wife report your income on the basis of different tax years. For example, for busi ness reasons, you may report peyour income for a 30 while riod ending June your wife uses the regular calendar non-citiz- Short Circuit Blamed for March 1 iJj , iimiiJ Ltmmm (, ,;t . i,(iri million GM shares. Investornews took an optimistic view of the ultimate results of this court order insofar as the Du Pont Accounts Opened by the 31st of January Earn From the First of the Month Reader's Court 4 i AY . THE VERDICT No. The court feared a "poor moral climate" in a marriage tiiat was based on the wrecking of the child's first home. The court mentioned, too, that It would be cruel to Harold to hand his daughter over to the man who had already stolen his wife. (State laws vary.) (Copyright tures Corp.) 1963, JANUARY 1A1963 STABLE Orem office number. 05 r?tri : "Tb"e Doctors I of the future will give no medicine, but ' U win interest his patients in 1 1 ' f the care of the J human frame, in diet, and in Dr. Lafferty the cause and of disease." Thomas A. Edison. The best health Insurance is a thorough Palmer Chiroprac- tic examination at regular prevention intervals. For your appointment call 1C0 East Center, Ph. . 373-72- 72 SOUND, SECURE INVESTMENTS Ctoh Savings .invests (primarily in first mortgage reol estate repayable on monthly basis and based on conservative oppraisal. Other investments Include home improvement loans, debentures of h Federal Home loan Bank ond tock in the federal .NationahMortgage Association. STATE GOVT. SUPERVISION V Utah Savings was chartered ond It supervised by the .Banking Department f the State of Utah. It olso submits to onnual oudits by Certified Public Account onts. l A. Cone shape standard in white, tan or black with brass medallions. White and gold frost parchment shade. B. 31Vi" tall in turquoise, mocha, pink with brass medallions. White frosted gold parchment shade. ; Get your cm.. ,nrt an the - Sitr r; - LMflPS i.. o AA I 1i TTABSLE SAVE I 88c Regularly 4.99 mj mm - Utah Savings offers bonus earning cloys each month. During ianuarf ond July savings .received tby cthe 31st of the month earn from he first of the month. Ouring other months savings received by the 20th earn from the first f the month. beU)Y, SEP . BONUS EARNING EACH MONTH TODAY ONiY 3, 1879. FR AC LAr.lPS General Subscription terms by carrier in Utah County: Per month $ 1.75 6 months in advance $10.50 One year in advance $21.00 By mail anywhere in the United States or its possessions $1.75 per month; $10.50 for six months in advance. Herald telephone numbers: For all departments call Utah Savings' many years of continuous service, since 1919) 4s on .important factor in its (present day success. There it no substitute for experience in (the tfield when it .comes to placement f funds 4or afe, .guaranteed .returns. Regularly 4.45 Published by Herald Corporation. 190 West Fourth North Street, every afternoon, Monday through Friday. Sunday Herald published Sunday morning. Entered as second class matter at the post office in Provo. Utah, under the act of March 44 YEARS OF EXPERIENCE it ii i O MAIL SERVICE Utah Savings pays the postage both POSTAGE-PAI- D ways ond offers fost friendly service when you save by mail. ach time yow odd to your occount you will receive by return mail o bandy postage-pai- d nve lope mailer for your text transaction. ASSETS NOW OVER $23,000,000 Top section measures I2s 16", bottom section is 16x24. Choose limed oak, mahogany or walnut finishes. Metal for ruled legs. servative coat of laquer. Scutt proof kg tms. 1 lxl 1x27". CA VP Jnr" 7,61 C 4CHECK Q $ ORAFf r- -r Q MONVt CftO Q WITH WHICH .TO BRASSED PLATE TELEPHONE STAND 3 roomy shelves in bright brassed finish with a pre-- ENCLOSED IS Co) A NEW ACCOUNT Q OPEN Q ADD TO MY PRESENT ACCCINt (n) ' Regularly 5.49 f? YOUR AfOfJEYS WORTH KORSAT CITX. O iPlease send further Inf ormsfiott Sift Choke: .. ' 4 j |
