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The Law Serves You State Tax Return Not Difficult For Veteran Taxpayer, ISBA Says In case it's any consolation, you should have little trouble when it comes fo filing your 1969 Illinois income tax return, according to the Illinois State Bar association. Because of the flat-rate na­ ture of the tax, and because no itemized personal expense deductions are allowed in de­ termining taxable income, the Illinois tax computations are relatively simple ones for most taxpayers, the ISBA says. It estimates that a veteran of a few federal income tax re­ turns should be able to figure his Illinois tax in a very short time, perhaps a matter of min­ utes. The tax is a flat 2% percent on the "net income" (Illinois' term for taxable income) of in­ dividual taxpayers and 4 per­ cent (of federal taxable income) for corporations, computed from Aug. 1, 1969, the effective date of the new tax. Although certain business ex­ pense deductions are allowed, the Illinois income tax makes no provision for itemized per­ sonal expense deductions. Thus, deductions for health care, in­ terest charges on non-business loans, alimony, taxes, and con­ tributions to charity, although allowed on an itemized federal income tax return, are not per­ mitted on the Illinois tax re­ turn. Instead, the Illinois income taxpayer is allowed a larger ex­ emption for himself and his de­ pendents. This exemption is $1,000 per person, compared with the federal exemption of $600 per person, to be deducted from gross income when de­ termining taxable net income. In future years, most taxpay­ ers will be able to compute their state tax simply by deducting personal exemptions from gross income and multiplying the result by .025 (the 2V2 per­ cent tax rate). However, the ISBA notes, the 1969 tax return is complicated by the fact that the tax will be due only for part of the year, the five months after the Au­ gust 1 effective date of the tax, a situation which will not recur. One One method of determining taxable income for 1969 is to multiply the full y^frr's income (after personal exemptions) by .419--which is the fraction (ap­ proximately five-twelfths) of the year which falls after Au­ gust 1. In this way, the tax­ payer may spread his income for tax purposes over the full 12 months of the year. This would work to the taxpayer's benefit if his income in the lat­ ter months of the year was higher than during the period before Aug. 1. Here's how this method would work for a taxpayer who earned $10,000 in 1969 and who had three dependents: $10,000 income for year 4,000 four personal exemp­ tions (deduct) WED., DEC. 17, 1969 - PLAINDEALER- PG. 5 6,000 x .419 fraction of year (mul­ tiply) 2,514 taxable income x .025 tax rate (multiply) $ 62.85 1969 state inprttfe tax However, if he elects to do so, the taxpayer may count as income only the money actually received during the months of August through December. His personal exemptions in that case would be only $419 per person instead of $1,000. This method would produce a low­ er tax if the taxpayer had less income in the months after Au­ gust 1 than before. By the latter method, a tax­ payer with three dependents who had an income of $800 per month after August would com­ pute his tax as follows: $4,000 five mos. income 1,676 four personal exemp­ tions (deduct) w 1 •• 1 MtHi \ rv Pi A \ D F A I I R S>LJU er Established 1875 3812 West Elm Street Phone 385-0170 McHenry, Illinois 60050 Published Every Wednesday & Friday at McHemry, Illinois Second Class Postage Paid at McHenry, Uun6is by MCHENRY PUBLISHING COMPANY Larry E. Lund - Publisher Adele Froehlich - Editor MEMBER gnrnn; y i » 1 1 \ Hitrmil fpEH AUoclatlon - Founded IMS N M A 2,324 taxable income .025 tax rate (Multiply) $58.10 1969 state income tax SUBSCRIPTION RATES Year $7.50 1 Year $9.0(1 In McHenry and Lake Outside McHenry and County Lake County SEASONS GREETINGS -- McHenry Hospital's 1969 Christmas tree is located near the front entrance. Checking it over to make sure it will withstand the wintry gusts are, from left, Harold Palmer and Arthur Weirich, mainten- ,t > ' ance department, and Miss Donna Gee, of­ fice department. Season's greeting to everyone come from the staff of McHenry hospital, and members of the Woman's auxiliary. DON PEASLEY PHOTO DEATH RAYMOND HAMILTON Raymond Hamilton, 53, of 1539 Wolfram, Chicago, was pronounced dead on arrival at McHenry hospital about 9 o'clock Monday evening. He was stricken at the McHenry res­ idence, 3723 Grand Avenue. Mr. Hamilton was a chef by occupation. Survivors are his wife.Kath- ryn Kerechek Hamilton; one daughter, Bonnie; one son, Ger­ ald; and a sister, Mrs. Gen­ eva Smith, of Hamilton, Ohio. The body rests at the George R. Justen & Son chapel after 2 o'clock Wednesday. Services will be conducted there by Rev. Raymond White of the First United Methodist church at 11 a.m. Thursday, followed by in­ terment in Woodland cemetery. SERVICE NEWS Seaman Apprentice James A. Keevil, USN, son of Mr. and Mrs. Arthur J. Keevil of 1309 N. Green street, McHenry, is serving aboard the auxiliary re­ pair ship USS Delta scheduled to return to the United States in mid-December. Delta has been providing many much needed repair ser­ vices to the many ships in the Seventh Fleet. She is a re­ pair ship capable of repair­ ing anything from fine watches, optical equipment, and elec­ tronics to boilers and heavy machinery. It has been pro­ viding these services in the ports of Vung Tau, Republic of Vietnam; Kaohsiung, Taiwan; Sasebo, Japan; and Subic Bay, Republic of the Philippines. In addition to her assistance to the ships of the fleet, she has also been taking an active part in the People-to-People program in which members of the crew took on many projects to do their part in cementing relations between the peoples of our respective countries. The Delta is homeported at Alameda, Calif. ONLY 8 DAYS TIL CHRISTMAS. SHOP NOW !! SWEATERS Choose from this fine collection of the sea­ son's newest styles, fabrics and colors! from *10 to *22 5TORE for MEN 1245 NORTH GREEN STREET McHENRY, ILLINOIS PHONE 385-0047 HOURS: Daily 9:00 a.m. to 9 p.m. Saturday til 6 p.m. CLOSED ON SUNDAY ATTENTION, PLEASE !! Some confusion has appeared since the McHenry City Clerk's office has been moved to the new City Hall. To clarify th» please note All City business pertinent to the Clerk's office is now conducted in the City Hall Building at 1111 North Green street. Phone No. 385-0953 The Walsh Insurance, and Real Estate office remains at 3429 West Elm street. Phone No. 385-3300. This office is under the management of Jack Walsh. FOREMOST ( ton s | AMERICA'S DISCOUNT L IQUOR SUPERMARKETS ON SALE AT THIS STORE ONLY Wed,s. December 17 through Thurs. December 25 Christmas Day - HOURS: 9 ajn. till 6 p.m. 4512 WEST ROUTE 120 - McHENRY Mmmtmmmmw&fr&v&wk&aaimiMmmmmmmviattmm We at McHenry*s Foremost would like to wish you a very Happy Holiday Season. We have enjoyed our association with you and hope that we may serve you well in the coining New Year. Our sincere thanks to you for your past patronage. KAHLUA IMPORTED COFFEE LIQUEUR 49 UH . N I»K.HH> Antique 6 Year 01jl Kentucky Bourbon 69 Vi GAL Michelob V CALIFORNIA Champagne large bottle 69 ij$3 w PABST Blue-Ribbon 09 6-16 oz. cans KENTUCKY TAVERN Or g-Early Times SOUTHERN E COMFORT m A 19 Hamm's Or MILLERS BEER ANTIQUE 24-12 oz. Bottles plus deoosit Canadian CANADIAN 6 PAK Cigarettes Regular - King and Filter V2 gallon Benedictine Galliano Drambuie B and B 8-16 oz. bot. 4|CHERRY 3§ KIJAFA A Danish Wine 98 Philadelphia 8 year old Blenaea Whiskey RUM LIGHT OR DARK mm VODKA FIFTH Wine Cordials Aprigold ' Brazilia or Cherry 2 « » Scotch Stm Inverhouse SCOTCH 469 FIFTH OLD STYLE 12-12 oz. cans 2 09 Lancer's Sparkling Rose Wine 2n A