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Show Utah foundation reports Ellertson World War I served as a government guide on Mt. Feds spend $3,000 each Expenditures by federal, state, and local government units throughout the United States in fiscal 1976 totaled $626.1 billion. According to an analysis prepared by Utah Foundation, the private research organization, this figures out to be $2,929 for every man, woman, and child living in the nation that year. The Foundation study shows that governmental expenditures have risen dramatically over the past quarter century and the rate of increase in such government spending has accelerated since 1965. Part of this acceleration is accounted for by the higher rate of inflation experienced in recent years, but part is due to the proliferation and expansion of new government programs. accounted for $156.2 billion, or 27.73 percent of all revenue received. Other important revenue sources included social security taxes, $80.3 billion (14 percent of the revenue total); sales and gross receipts taxes, $76.3 billion (13.3 percent); property taxes, $57 billion (10 percent); and corporate income taxes, $48.7 billion (8.5 percent). Foundation analysts point out that persistent deficits have resulted in a growing government debt. At the close of the 1975-7fiscal year, the total direct debt of all governmental 6 units in the U. S. was listed at $871.4 billion. This compares with an outstanding debt of $514.5 billion at the end of 1970, $364 billion at the close of 1960, $281.5 billion at the end of 1950, and $63.3 billion at the close of 1940. These direct figures do not include contingent or future obligations for government retirement programs, guaranteed loans, etc. Some authorities have placed the total current and contingent liabilities of the federal government under-funde- d alone in excess of $7.5 Lions hear former district governor Niel Jones of Monroe, a former district governor of the Lions Club, was the guest speaker at the meeting of the Lions held Thursday, November 10. Jones discussed the advantages of being a member of the Lions Club and illustrated many of the civic projects that are being sponsored by the club. Entertainment numbers were provided by cast members of the Juab High School musical. Kay, who lives in South about. The Eilertsons have Jordan. Ellertson's Likewise, we believe that page and six several seven theres book contains grandchildren scrap just one no one who columns of names names doesnt feel good about E. While visiting with Mr. Alton Ellertson, an example of friends and relatives at whose funerals he has been and Mrs. Ellertson the of a lifetime of service. a speaker. This also con- other evening, he made one stitutes a further service to very special remark when Utah he said Theres just no his fellow men. 1977 feel I his adult life, dont good Throughout one person has always been at his side as she is today. BROKEN GLASS IN In ceremonies at the Manti -LDS Temple, he married . Verde H. Cheney. She has also had a life of considerable service in her com-- TOP munity. Mr. and Mrs. Ellertson QUALITY ACRYLIC PLASTICl Glass Clear are the parents of two sons Shatterproof Elcomes in far- and a daughter: Wells . standard sheet sizes. E Can be cut, scored , ' We On,.., lertson, Mona; Agnes or sawed. Has rto Jffety Pij 7l3 sharp cutting edges Ogden; and John to cause iniury. "" Winslow Ellertson, Tempe, WARP BROS. Chicago 60651 in Plastics Since 1924 Pioneers Arizona; They also have a At Hardware, Lumber and Building Supply Stores foster daughter, Edna Ferre one time. Nebo. They had signal the top of many at posts mountains Ellertson high recalls and during one summer I made countless trips to the top of Nebo with supplies for the man up there. Further government service came when he was appointed chairman of the Juab County Production and Marketing Association, and as this association became known as the A in great-grandchildre- 3Nephi, STORM DOORS Agricultural Stabilization and Conservation program, he continued as office manager for many years. Active as an agriculturist, Ellertson operated a farm with his brother, Elgy N. Ellertson. They raised cattle and sheep. He served as president of the Mona Cattlemens Association at 1 Sch-waa- Fill Like a Strong Tree hS torn fesM a mail 'ui3459S0964390?2'M30562349062345906234590623459602345905. 323409o906690239156rC234569023456902309623495239436.?3490623! 96096439026906349 1062G 4055.45 9063492309964649209CS49639235i 962903456092750962 3964059f6 PJ329062340659290v4(;l0S&234596OJ t .3062345906 J926290634(t.;5634l Of 30952096345906. 590632093490234 'fe-- iV 1:2345906234 590323459064569039 .632906324906469046 -'0390623490! S9523469524352403654364Q5246952469526952469S42692543S6f0645092 J509643509633459063409096092345234596234952f 3456925234062345iw. '239405634906306309625906290654964396330929083954 '1364596339602902349056 "V 352340596234 5096234509623450253489054230965 i23C.9254692543605423905; eW'S? JW'OC' ' '4. '8' government spending during 1976. The individual income tax is the leading source of government revenue in the United States. Last year, it Money for -- we can help 4 24960534 166929456 129524695 39296234 29639269 90214 56 90 15969459301 , 4, 596469243! 34596239645 2934596J149 .. ?SS. .. U Ui 945 Vf 1976 fiscal year, educational expenditures in the U. S. totaled $106.3 billion, compared with expenditures of $100.4 billion for national defense and international Total revenue received by all governmental units in the United States last year amounted to $572,615 billion. This sum was approximately $53.5 billion less than the expenditure total. All of this deficit was accounted for by federal government operations. ' .9001906920345906345906 456933423949346' 364052930 506923450e6',349-- ' 96249659604r j3 '1)93 r 963490694 4590t, f 60349o456 1902346951 Education has surpassed national defense as the leading area of government spending in the United States. The Foundation report shows that during the public welfare $45.1 billion, and interest on the general debt $39.6 billion. ) r$ sponsible for $180.0 billion (28.7 percent) of all direct sur-wor- s, (4! mmommamrimmen Prudential Federal Savings Offers Two Government Approved, Tax Deferred Retirement Savings Programs -- If you qualify, you can choose either an Individual Retirement Account (IRA) or the Keogh Plan for the You may qualify to defer from $1,500 to $7,500 a year of taxable income until retirement . . . depending on the retirement plan under which you qualify. (This tax deferment until retirement, in most cases, allows you to be taxed at a lower rate due to reduced income and age related exemptions.) You pay no commissions or fees. Your account earns high PFS interest which is also tax deferrable until The Keogh Plan for the self-employe- d. Self-Employe- d To qualify for a Keogh Retirement Plan you must be in an unincorporated business (sole proprietorship or partnership). However, you are not in required to have all, or a major part of your income derived from order to qualify. If your company has qualified employees, they must be included. Under the Keogh plan, you can save a maximum of $7,500 per year, or 15 of whichever is less. your earned income from self-employ- Heres How a Keogh Plan Can Work for You retirement. Your interest is compounded daily, 365 days a year. Your account is insured safe to $40,000 by an agency of the federal government. Your funds may be withdrawn as early as age 59!2 in a lump sum or by monthly checks. The Individual Retirement Account (IRA) The IRA plan has been designed for those people working for companies that do not offer a qualified pension or retirement plan or who have just recently been employed and do not yet qualify under their companys plan. Individuals who are may select and qualify for an IRA rather than the Keogh Plan. With an IRA, you can set aside up to 15 of your earned income (but not to exceed $1,500 per year) and defer income tax on that amount until retirement. If a spouse is included, the maximum for the couple is the lesser of 15 of earned income or $1,750 per year which must be set up in separate accounts for each, with a maximum of $875 in each account. self-employ- non-workin- 7.75 per annum curExample is based on a lump sum deposit of $7,500 in a three-yea- r rent rate PFS Savings Certificate, with all funds and interest earned thereon remaining in the account, with interest compounded daily. For complete details and a brochure explaining either of these programs, please visit your nearest PFS office, phone our Hotline number: 1 (outside the Salt Lake City area, call collect), or mail in the coupon below. 486-432- g I Heres How an IRA Can Work for You Gentlemen: Please send me more information. Name Address City State Occupation am particularly interested in: The IRA Plan for those without an employer sponsored retirement plan. The Keogh Plan for the I Both. I Mail to: Retirement I Prudential Federal Savings ' P.O. Box 1 5500, Salt Lake City. Utah 84 1 1 5 I Where Agriculture Conies First New construction or a home, barn remodeling if you're or other building a farmer or rancher it will pay to look into a long-terLand Bank loan. ... ... m Federal Land Bank Association of Provo 172 South 100 East Provo, Utah 84601 Phone 171-864- I ffiumdl According to the Foundation report, the federal government accounted for $391.1 billion or 62.5 percent of all government spending in the U. S. last year. Approximately $69.1 billion of this federal expenditure total, however, represents grants and aid distributed to other governmental units. Direct expenditures by the federal government, therefore, were equal to $322 billion, or 51.4 percent of all spending by governmental units last year. Direct expenditures by state governments totaled $124.1 billion (19.8 percent of the total), while local governments were re- relations. Other major expenditure items include social security (old age, disability, and health insurance) $88.3 billion; r, 7. 75 per annum (current Example based on lump sum deposits of $1,500 in a three-yea- r rate ) PFS Savings Certificate with all funds and interest earned thereon remaining in the account, with interest compounded daily. I Note: By Federal Regulation aU certificate accounts are subject to substantial interest penalties for withdrawals prior to maturity or retirement. Prudential Federal Savings Personalized Financial Service Now over $600,000,000 strong. 0 Now serving Richfield. Utah, Monday through Friday at 255 South Ma n Street Phone Mam Street . Phcre Senring Nephi. Utah on Wednesday and Friday at 34 North 30 North Mam Phone at Serving Manti, Utah on Monday. 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