Grandview Tribune (Grandview, Tex.), Vol. 87, No. 31, Ed. 1 Friday, March 18, 1983 Page: 2 of 10
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Grandview Tribune;trias,Maret 18, 1983
MEMBER 1983
ANOTHE
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POINT
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LI
OF VIEW
JACK MAGNESS. JR.,
Editor and Publisher
DIANE MAGNESS, Business Manager
I
By Keith J. Peel
:*
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TIPS
Itasca Memorial Post 2758
Grown for spectacular foli
August: Periwinkle.
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Tribune Office.
BROADLOOM SAVINGS
in BLBM for SPRING
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GRANDVIEW
TRIBUNE
Tax Law Changes to Affect
Future Returns
81297
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shocks'
WHEELS
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I (Hit. Mi. T’russell is in charge of the one act
olaythis vear.
Provisions of the tax bill passed in
August, 1982 generally do not affect 1982
Federal income tax returns to be filed this
year, the Internal Revenue Service said.
/ Most provisions of the bill became effec-
tive January 1. 1983 and will be reflected on
1983 tax returns filed in 1984 Major prove
sions of the bill affecting individual tax-
payers include:
Interest and Dividend Withholding Taxes
will be withheld from dividends and interest
at a rate of 10 percent beginning July 1. The
payor may choose not to withhold from in-
lerest payments aggregating $150 or less per
year Also, the payor is not required to
withhold from interest paid to low-income
taxpayers who file an exemption certificate.
In this case, ''low-income” refers to tax-
payers who owed $600 or less on single
returns, $1,000 or less on joint returns in • •
the preceeding year, or taxpayers over age
65 who owed $1,500 ($2,500 for joint
returns) or less in the preceeding year.
--d---nn
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- .
ED WILSON
Medical Deductions On 1983 tax returns,
taxpayers will only be able to deduct
’medical expenses that exceed five percent of
adjusted gross income (AGI) instead of the
current three percent. The deduction cur-
rently allowed for half the cost of medical
insurance up to $150, even if no other
medical deductions are claimed, will be
eliminated Beginning in 1984, the one-
ENER. Great Annuals for
Spring & Summer Color
GRDENER-
P O Box 9005 Dept BR
Waco, TX. 76710 .
1983 TEXASGAADENE A MAGAZINE
1
These Grandview students prticipating- in the
one act play that was tierfrmed in the
Elementary building on Thursday night March
A new Lake Amistad record catch on black bass was
recorded February 21, 1983 at Fisherman's Headquarters.
Rocky Natividad, of El Paso. took a 9'lb. 13 61. black
bass from the San Pedro Arm of the lake, under the High-
way 277 bridge. Fishing from the bank. casting into 15
feet of water. Natividad caught the bass with a Black Jig
lure.
The state black bass record is 15 lbs. 8 ot„ caught by
John Alexander of Richardson, in Echo Lake, February 7.
1981.
12 to 30 inches, depending flowers and cutting. They laca. Height: 4-6 inches,
on variety. Shade or part are prone to spider mites Sun or part sun. Colors
shade. Leaf colors include (prevent with regular appli- include red, pink, orchid,
red, yellow, white, pink, cations of kelthane or other orange, yellow and white. A
orange and violet. Grown miticide). Plant after dan- low-growing relative of
for foliage. Flowers should ger of frost has passed for common moss rose, this
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23
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102 Second Street 817-866-3391
Grandview, Texas 78060
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53«rxa= ■
LAIRDS
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Flowers provide the be removed. Coleus provide color during summer, may be the most outstand-
color and beauty every yard landscape color from first Replant in midsummer lor ing new plant of the’80s. It
ertilizerW
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Bmnole Odom
Yambeaa-
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mple a0.5.0 §
Fri. - 9:30-4:30 e
linn CLOSiD SAT. N v
641-9741
115 Hwy. 67
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, Published every Friday except the first Friday in July
and the last Friday in-December. .Second class postage
paid in Grandview, Texas 76060. Entered as Second
Class Mail Matter in Grandview Texas Post Office under
act of Congress on March 3. 1879. Publication No.
226020.
' Subscription Rate: 87.00 per year in Johnson County,
$8.00 "per year outside Johnson County, $9.00 outside
of Texas. (Subscriptions must be paid in advance)
Any erroneous statements reflecting upon the
character, standing or reputation of any person, firm or
corporation which may occur in the columns of the
newspaper will gladly be corrected upon being brought
to the attention of the staff of this newspaper.
T A
TEXAS PRESS ASSOCIATION
fall color. 'stands all of Texas’ heat
June: Caladium. and is easy to grow. It
Height: 12 to 20 inches, blooms from spring until
Shade or part shade. Colors the first frost of the fall. Be
include red, pink and white. sure to plant some.
0
5000 sq. ft.
) $995
friou Hursery
m Hours: Mon.-Fri. 9:00-7:00, Sunday 1-5 - .
Next to Olbson’s •43-2406 —-)
percent « floor for drug expenses is
eliminated and only the costs for prescrip-’
tiondrugs and insulin can be added to other
medical expenses in determining the five
percent threshold.
Casualty Deductions. Beginning with 1983
returns, only the total amount of casualty
and theft losses (after reduction for the
■ $100 floor for each loss) that exceeds 10
percent of AGI will be deductible.
Previously'losses over $100 were deducti-
ble
Other provisions of this tax law will raise
taxes on cigarettes, telephone service, and
air fares, increase efforts to improve tax-
payer compliance with tax laws, increase
the minimum tax that upper-income in-
vestors pay. extend Medicare coverage to
Federal workers, and change the overall
limits on contributions and benefits under
qualified retirement plans.
Someone asked me this past week what I
thought of the proposed legislation to salvage
the Social Securitv system. My reply, of
necessity, was evasive. The reason was that I am
not satisfied that we always get the truth from
our dedicated bureaucrats. For "instance, last
July 1 when the last cost of living adjustment
was made, the Department of Health decided to
drop the odd cents from ach recipient’s check
to the next lowest whole dollar. Applying the
law of nrobability, this unannounced maneuver
should have saved fifty cents per check. If there
are 30 millionpeople now receiving checks, this
should have saved the system 15 million dollars
per month or 180 million per year.
Now most people on Social Security also pay
for Medicare. On Julv 1 this year they have
announced that the cost of Medicare is going up
$1.30 per month. An insignificant increase,
right? Wrong. The increase will be $2.00 per
month. Since everyone's check is now in even
dollars, when you subtract $1.30, there will be a
$2.00 per month. Since everyone’s check is now
in even dollars, when you substract $1.30, then
will be a balance of some dollars and 70 cents.
The 70 cents will be dropned to the next lowest
dollar, so on July 1 everyone on Medicare will
get a check $2.00 less than their June check.
Assuming 20 million participants in Medicare,
that is a saving to the System of 14 million per
month. ,
It is proposed that the COLA be postponed
from July 1 this year to January 1 next year
which will give the system the opportunity
again to drop the cents on 30 million customers
for another 15 million per month saving. This is ■
in addition to' the 2% billion they will save by
postponing the increase.
My beef isn’t with ,the fact that the system
dropped the odd cents, but that they continue to
make opportunities to drop the odd cents
without acknowleclging the rather substantial
contribution of those who are on Social Security.
I can imagine a scenario where eventually the
, recipients would be the largest supporters of the
entire system. —
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To help, in your plan-
age. Flowers should be Height: 6 to 18 inches. Sun
ning, here are 5 of the best •removed immediately as or part sun. Colors include
plants for annual color in May: Marigold, they form. light-colored white, .pink and rose-red.
Texas landscaping. Height: 10 to 36 inches, types stand sunlight better. Plants are usually rounded
arranged in a month-by- depending on variety. Sun Plant bulbs in midspring, and compact, with dozens
month format to take you or part sun. Colors include once soil has warmed con- of flowers at all. times-,
through the summer. Exact yellow, orange, mahogany, siderably. Avoid high- Trailing types.are available,
timing varies from one part and near white. Smaller nitrogen fertilizer to pre- Perhaps our most heat-tol-
of Texas to another, but French types are best as low vent excessive greening of eraht annual flower,
this is a general guide. flower bed borders. Use foliage. Blooms Trom early spring
April: Coleus. Height: taller types for background July: Hybrid Portu- through first frost.
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Magness, Jack, Jr. Grandview Tribune (Grandview, Tex.), Vol. 87, No. 31, Ed. 1 Friday, March 18, 1983, newspaper, March 18, 1983; Grandview, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1537200/m1/2/: accessed June 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Grandview Public Library.