Stamford American (Stamford, Tex.), Vol. 52, No. 43, Ed. 1 Thursday, February 5, 1976 Page: 4 of 12
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By Ace Reid
Olc
Income tax
changes in sales tax rebates
3
!
1AIXA(
“Wul "sir, about all I growed here is impatient.
PIONEERS ON PARADE—-20 y»ar» ago
broiler show scheduled
Swine
Britton
Blaine
■d.-d
PIONEERS ON PARADE—10 years ago
have sedimentation study
Lake to
Commercial & Residential
For Free Estimate
Call 773-2667
HIGHLIGHTS FROM AUSTIN
outlook now
State's financial
has both good news and bad news
for .
1
s
COMM FARTS
nenjj
nn ofcvrwR
•I FOOD MtlM fiUTTOR
rwr rrrn*,<
•AjiorT*nuoxwi VaSsT'-r
V
\
nr
r *ii MAU.
farmau
D
for
function*
Ahead
peuagr i
day treati
fl 50 bac
counter
.-jBrarwr ■"
nroprja’ions. .
Rising oil^and gas’phrx^
duction taxes account for
$207 4 million of the addi-
tional revenue estimated
by the comptroller. A 23 per
cent increase is also antici-
pated from retail sales
ta’xes
Bullock's figures indicate
there is plenty of growth
potential left in the exist-
a ing tax structure.
Total revenue for
1976-77 is calculated at
$12.6 billion, as compared
with $10.7 billion for
Abtlene Vocational agri
culture teacher, will judge the
broilers
Jack Watson young Slam
ford attorney, was elected
new president of the Rotary
4 Club Tuesday He will succeed
Edgar Ellis on July 1 Watson
Served as vice president this
year
Roy Craig, publisher of The
American, will be the new
vice presidentJ F Me s
Culloch was re-elected Secre
tary New directors will be
' Jimmy West and Jphme
Vaden, president Debra Hoi
brooks*. vice president f
Cherry Moore, secretary and
treasurer Becky Renfrow;
scribe, Tommje Jo Denson,
bn uynueil Williams
AUSTIN — There's good
news and bad news on the
state financial fropt
The good news is Comp-
troller Bullock’s re-
vised revenue forecast pro-
jecting a $428.2 million
cash surplus at the close of
the current fiscal period
Aug. 31, 1977. .
Bad news is Bullock’s
warning that even the sub-
stantial surplus won’t pre-
vent a "huge” tax bill next
year .to finance 1978-79
state governmental ap-
1974-10.
The ehanging economy
and new federal legislation
may bring further drastic
changes in revenue fore-
casts, Bullock noted Two
days after his revised fig-
ures were released, a State
Supreme Court franchise
tax rulifife had the effect of
raising his estimate
another $31 million
Bullock advised legis-
lators to .plan no celebra-
tions of the surplus^-or
dream-of any spending
sprees
"The people who write
> the budget,-n<5f the-size of
the surplus, will determine
if we have a tax bill and .
how big it will be," said
Bullock "It’s up to them."
advice given
by J. A.
Shannon Bishop’ age 5. t ble
’bra ted
Us ''brithday. .with a
party or4 Saturday,
at. the inline of hjs
l
■y DANNY LAMMERT
Taken from the files of the
Stamford American. Thurs-
day, Feb ,10. 1966.
Approval was given on Fn
day by* the Stamford City
Council for a sedimentation
survey to be made at Mke
Stamford by members of the
Sod Company Service The
work will likely take four to
six weeks and will not start
until April 4
City aidermen for place one, *
two, and three will be decided
upon in the city election slated
April 5, Harry Stenson, city
manager* said Wednesday
B P Davenport Jr . who is
completing one term, is alder
man for placf one. and F E
Upshaw, also fulfilling one
term, represents place three
E B Harkins, who is filling
the unexpired term of Her-
„ schel Kelly, is aiderman
place two . <•
Louis Blackstock and M
Thompson are aidermen
places four and five Their
terms will expire next year
Tawanka Camp Fire group
named new officers, '
Elected were Matilda
Young Homtmakan
hoar program
, on child abuse - “
M
The Stamford Young Home-
makers held their January - » “
meeting Monday, the 19th, at
the home of Mrs. Hollis
Muehlstein. 5
The meeting was called to
order by the president. Mrs.
Darrell Richards. Following
the opening ceremony, roll
call and previous meeting ’” ~S
minutes the program was pre-
sented 1 X
Mrs. Nancy Winkle and Mr. £
Sammy White, State Depart-
ment -of Public Welfare “
workers, showed slide stories
on child abuse. A discussion ;
period followed the informa-
tive slides . 5
Refreshments were served
by Mrs. Hollis Muehlstein and
Mrs. Tommy Gray.-
The business meeting fol- 8
lowed being conducted by
Mrs. Richards . -
sty
By BE1
Ther
met in t
Davis
with 14
Amor
to, the r
a caller
Feb 3.
Danny
quilting
After
the ladi
and Br
freshni
The
w ill be
^frs Evelyn Harris has.
been appointed general man
' ager of Hajpo Station KDWT
■ David Ratliff outer has ap
• pounced
Taken from the files of the
Stamford American. Thurs
day. Feb 9, 1956
The swine and broiler
portion of the local projects of
the Stamford Future Farmers
will oe held at the Quarter
Horse barns at the Texas
Cowboy Reunion grounds Fri-
day
Judging is expected to start
at 2 p.m T. W Colby super
intendent of the college farm
and a professor at Abilene
Christian College, will judge
the hogs Bill Coalsotj. an
Comptroller's figures show
Editor's* note: The Old
Philosopher on his Johnson
grass farm on Paint Creek
looks ahead this week toward
income tax paying time.
Dear editor:,
According to an article I
read in a newspaper last
night, the Internal Revenue
Service now has toll free
phones in its offices around
the country that any taxpayer
can call to get help in filling
out his income tax form. Also,
the IRS has a large staff of
people hired to give such help
in person if you will drop by
their office.
However, the article went
on to say, from 20 to 50 per
dent of Ute advice these IRS
people give is wrong In fact,
the IRS has posted signs in its
offices* warning taxpayers
that whatever advice they get
there is not legally binding
As I understand this,.it’s the
last man who checks your
{eturn that decides whether
you owe any more money,
regardless of how many
^).K ,’s you’d previously gotten
from his co-workers I’m not
sure, but he’s probably lean
and hungry and can’t get his
mind off of how much money
the government needs to meet
its bills.
But I got to thinking Say
there are 30,000 of these in-
come tax helpers in IRS of-
fices around the country —
maybe two.or three times that
many if everybody who needs
help with his tax form gets
waited on — and 50 per cent of
them make errors on their
own tax returns Isn’t this
going to put such a burden on
the other 50 per cent try ing to
straighten out their fellow
workers' errors that nobody's
going to have time to make
errors for the general public"
The IRS is smart to put up
those signs saying it's not
responsible for any errors it
makes.
What you’ve got to under
stand is that the burden of
filling put 'your income tax
forms correctly is on you The
government’s position is: “It
makes no difference what
your employees told you, if .
it's wrong it's, wrong and the
^kin is off your. back, not
• ours.-” You’ve got to be ultra
careful If the form says
subtract line 19 frorp line 4.
the safest way is to do it twice
and if you get two different
answers, add them together
and divide by two, and enter
that on line 1(X If this is still
wrong, you’ll hear about it,
with penalty and interest
added
Remember, Watergate,
Vietnam, inflation, unemplby
ment, the fall of the Alamo,
the Battle of Bull Run. and
Custer’s Last Stand, were tax
payers’ errors, not the gover
nment’s —
Yours faithfully,
J A
At one time, back when towns and cities
received their portions of sales taxes in
quarterly payments, it was a common
pasttime to look at payment figures to see
• which town had outdone others in previous
quarters of sales. s... z
However, with the adoption of a
monthly payment system, the delight of
: comparing notes has been cast by the
wayside in that everyone doesn’t make
payments to the state on a monthly basis
and when some merchants make
quarterly payments and others don’t, the
monthly reimbursements are no longer an
accurate reflection of the economy of
towns.
In other words, if a large number of
■ • merchants in one town delay payment to
the state of sales tax until the end of a
quarter, while another town is very
prompt, the former town will show less
reimbursement^Jhan the latter for that
month when tax amounts may have been
very comparable.
While the comptroller’s department
took away the joy of putting quarterly '
reimbursement side by side, the depart-
ment has released information recently
which compensates for that loss. Released
is a list comparing each qity’s 1975 sales
tax rebates with the rebates during the
■ first full calendar year that city collected
the sales tax t
Also included was the percentage of
change. For example, Stamford received
$58,907,97 in sales tax during its first full
year (1970) and received $85,351.40 last
•> year. That shows a 45 per cent increase in
sales tax.
It would take an economist to compute
the' cause for increases and decreases.
The flow of the economy will dictate some
of the changes and inflation would result
in some increase. If a town hadnochange
in. volume of sales, the pressure of
inflation would increase the amount of the
rebate in proportion to the. rate of
inflation.
Thus, towns with a decrease in sales tax
had a-decrease in volume greater than the
•influence of inflation.
From here, the list provides an
opportunity to compare the rate of in-
crease with 809 other Texa^ towns and ,
cities. Of those, 779 also had increases and
30 had a decline in rebates.
Increases ranged from a mere one per
cent to a whopping 1539 per cent. Declines
ranged from one per cent to 34 per cent.
The 1539 per cent increase belongs to
- Hewitt, a McLennan Gounty town next
door to Waco.
The town’s sales tax rebate grew from
AUCTION
’LITE LIQUDAHON OF -
Louis Janitorial
Service
216 S. Wetherbee
Open S. a. mr- t<>. . m. M«>n. - I- ri.
Complete line of
Janitorial Cleaning and ]
Maintenance Supplies
$2066.83 in 1968 to $33,875.68 in 1975. Most
increases were less than 100 per cent,
although there were almost 200 towns
were increases over 100 per cent, in-
cluding one other one over 1000 — West
Lake Hills in Travis County with a 1184
per cent change from $1470.70 in 1968 to
$18,884.55 last year.
All Jones County towns receiving sales
tax experienced increases in rebates and
Hawley led the rest with a 100 per cent
increase from $1949 in 1972 to last year’s
$3903.29. Anson was next with a 53 per cent
jump from $24,341.44 in 1968 to $37,342.89
last year.
Hamlin’s percentage trailed Stamford’s
at 30 per cent, up from $31,921.49 in 1968 to
$44,266.10 in 1975. While Stamford’s per-
centage of increase was third among the
four Jones County towns, the local rebate
was by far the largest in the county,
almost twice second-place Hamlin’s
In neighboring Haskell County, Haskell .
had a 47 per cent increase between 1970
and 1975 — $46,491 26 to $68,114.94. Rule
had a great percentage of increase — 58
per cent — in its rise from $5856.45 to
$9274.24 in the five years from 1971 to 1975.
Rochester had a 24 per cent increase
from $4862.94 to $6046.89/Weinert had a 36
per cent increase from $681.87 to $924 56;
and O’Brien had a 3 per cent increase
from $641.60 to $659.09
Among top increases in this area were
Coleman’s 149 per cent increase
($67,851.79 to $169,192.93);/Ranger's 115
per cent irtcrease ($25,-468 25 to
,u-- $54,702.09);- Abilene's 96 per cent
($1,281,105 13 to $2,519.462.18); and Breck
enridge’s 93 per cent ($75,160.07 to
$145,283.68)
The West Texas region also had some of
the decreases — Loraine’s 18 per cent
drop ($3911.77 to $3195.54) ; Trent s 6 per
cent drop ($1170.72 to $1101.141; and
Roaring Springs’ 21 per cent slump
($4583.21 to $3666 09.)
In comparing Stamford s 1975 take of
$85,351.40 and a 45 per cent increase with
last year’s rebate and increases for other
towns, the list shows. Aspermont.
$22,261.24, a 73 per cent increase; gal
linger, $108,229 41, plus 58 parent; Cisco,
$71,586.36, up 60 p£r cent; Colorado City,
$94,282.46, up 79 per cent; Comanche.
$74,521.91, a 32 per cent increase; East-
land. $66,748.17, up 60 per cent; Knox City,
$28,154.91, up 86 per cent; Moran, $22J1 94 '
up 66 per cent; Munday,1 $25,160 08.
increased 20 per cent; Post. $72,511.95, up
68 per cent; Seymour, $65,849 65, up 15 per
cent; and Winters, $50,167 54, up 27 per
cent.
Feb 4
parents
Manlee Million Rhonda
Jean Johnson Janne Mf
Kmies F'jrreM Buford
STAMFORD AMERICAN
February 5, l'ff76 j
_______■________________it__1________A___
Abilene Ford Tractor, Inc.
2613 N. Treads way Abilene; Texas
Saturday, February 7, 1976 - 10:30 a. m.
Marriage is like the Army
Everybody complains, but
you’d be surprised at how
many re-enlist
.......................... mm.......iiiii^iiiuiHniiii mi iiimi ...............
son>i leader Jeanne West
pr'.W.'"; Karen I.os
vorn social chairman, and
Ix-zh Brownfield scrtfArvt)t
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Lammert, Danny. Stamford American (Stamford, Tex.), Vol. 52, No. 43, Ed. 1 Thursday, February 5, 1976, newspaper, February 5, 1976; Stamford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1215642/m1/4/: accessed July 12, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Stamford Carnegie Library.