Illinois News Index

McHenry Plaindealer (McHenry, IL), 29 Mar 1974, p. 19

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TAX FACTS Civil Defense Accreditation Recently, John Shay, Civil Defense director for the county, awarded certificates signifying that certain basic requirements had been met to qualify for federal grants and matching fund programs of the Civil Defense Preparedness agency. Shay said it was the first time in the history of Civil Defense in McHenry county that every city and village was accredited. Shown above, from left, are Howard Bieritz, president of McHenry Shores village; William Pinkonsly, Jr., Civil Defense director of that village; William Sandell, Civil Defense director of the village of Sunnyside; Lou Holub, assistant Civil Defense director of the village of Island Lake; Walter Shappert, Civil Defense director of the village of Lakemoor; Joseph B. Stanek, Mayor of McHenry; and William Sheehan, assistant Civil Defense director for McHenry, with their certificates of accreditation. Select McHenry Among 10 Pilot High Schools McHenry's two campuses have been selected among ten pilot high schools invited to participate with Westinghouse Learning Corp., in a project designed to assist in evaluating student growth in English, Social Studies, Science and Mathematics curricula. Other participating schools will be Glenbrook North and Roselle in Lake Park, 111.; Assumption in Davenport and Mason City high in Mason City, both Iowa; Senior high schools in Cloquet, St. Paul and White Bear Lake, all Minnesota; Delavan-Darien, Delavan, Wis., and East and West campuses, Wausau, Wis. Although MCHS will continue to plan for a type of standarized test, administrators and board members feel this program will allow the school to (1) analyze, update and modify the existing student objectives) (2) improve the measurement of student growth; and (3) determine success of various programs in return for a very slight ex­ penditure of resources. The district has recently completed the writing of performance objectives for students, to be found in a 1,300 page document. There are currently about 11,000 stated objectives broken into course and unit goals. .These objectives were developed over a period of three years' work and in- service. Consultants from Northern Illinois university and Westinghouse Learning Corp., assisted in their development. The new pilot program is an effort to utilize existing district student performance ob-< jectives in the development of test items to measure per­ formance. HERE AND THERE IN BUSINESS NEW LOCATION Gateway Associates, Inc. realtors, have moved to a new office location at 3932 W. Waukegan road, McHenry, with open house March 29 from 4 to 8 p.m. CPA Explains Tax Effects of Profits on Home Sales (This is the last of five articles on 1973 federal income tax returns.) By Harvey L. Coustan ( T a x a t i o n C o m m i t t e e Chairman, Illinois CPA Society) As a result of the upward trend in real estate prices, taxpayers who sold their homest in 1973 are likely to have enjoyed capital gains on the sales. In some cases there are steps that can be taken to minimize~or at least postpone - the taxes on those gains. If the taxpayer has reinvested the proceeds of the sale in another house cooperative apartment or condominium costing at least as much as the selling price of the one disposed of, there is no immediate problem; the capital gain tax is deferred until the gain is actually realized. To qualify for such a tax deferral, the new home must be purchased - and occupied - within twelve months before or twelve months after the sale. If the construction of a replacement home is begun by the taxpayer within 12 months of the sale, the time limit for occupancy is extended to eighteen months. What happens when a taxpayer finally gives up home ownership in favor of moving in with the children or renting? Then the tax on the previously untaxed capital gains on homes owned earlier must finally be paid. But for many taxpayers this comes after retirement, when the tax rates are likely to Children's Bookshelf Smart Discovery A visitor of the goif club :eed up for tne first hoie. made a wiici swing and com­ pletely missed tne ball. "It's a goud thing I found, out ffom the start," he said. * "This course is at least two * inches lower than the one I usually play." (From the bookshelves of the children's room of the McHenry public library.) NEW BOOKS "A TREASURY OF PLAYS FOR CHILDREN" A collection of fourteen plays of children, for both reading and acting, recommended and endorsed by many teachers, dramatists and critics, as the best book of plays for children ever published. By Montrose J. Moses "A GIFT FOR THE CHILDREN" BY PEARL S. BUCK Here is a heartwarming and wonderful collection of stories for children of all ages by one of America's most beloved be lower than they were during the working years. Also, for those past 65, there is no capital gain tax on homes sold for $20,000 or less if the home was owned and occupied as a principal residence for a total of five years during the past eight-year period. On a home that sells for more than $20,000, a proportionate amount of the capital gain is tax- exempt. On a $30,000 home, for example, two-thirds of the gain is tax-free. This is a tax break that can be taken only once in the taxpayer's lifetime. One other means of lessening the tax bite during a year in which there is a big capital gain or jump in earning is income averaging. This permits the use of reduced tax rates if the current year's income is substantially more than one's average income in the previous four years. writers, the late Pearl S. Buck. One of Miss Buck's final projects was the selection of stories for this anthology which will delight readers of every age. In this collection are stories for the very youngest child, for the beginning reader, and for the older child. Parents and grandparents will be eager to share oldfStforites and to discover new ones with the young people in their lives. There are fifteen read aloud stories which will bring old and young together in the family storytelling tradition. "NEW AT THE ZOO" BY PETER LIPPMAN: Joshua, a furry baby animal, was new at the zoo. He was sc little that Mr. Benjamin, the zoo keeper, decided to keep him in his office for the night. Mr. Benjamin put Joshua to hed. He waited, but Joshua did not go to sleep. So Mr. Benjamin pretended to go to sleep himself. But when he opened his eyes to look at Joshua, Joshua was looking back at him. Mr. Benjamin asked the other animals to help him. One by one they came in and flopped down in front of Joshua. They pretended to be sound asleep. Joshua remained wide awake. The situation seemed hopeless until the animal sleep expert came to the door. Peter Lippman's beguiling story with its wonderfully detailed drawings of furred and feathered sleepers makes a perfect bedtime story for even the brightest eyed child. Mrs. D.W. Swetman Children's Librarian NOW IS THE TIME ••••••/• •• . . !t©^ TALK ABOUT TRACTOR & IMPLEMENT TIRES > See Us ' For A Complete Line Of Firestones WE'RE MAKING PRE-SPRING DEALS TODAY ! Tirc$tonc McHenry Tire Mart 3£31 W. Main St. Phone 385-0294 Finding Security In Retirement which helps pay for non-surgical care by physicians, reached 145 million. Major medical expense insur­ ance, which helps pay for virtu­ ally all care and treatment pre­ scribed by a physician, covered an estimated 81 million people. There are estimates that 63 million people had short-term disability income insurance pro­ tection, while 14 million people had long - term disability insur­ ance. Disability income insurance provides a person with a regular weekly or monthly income--• usually between 50 to 60 percent of his gross income--when he be­ comes ill or injured and unable to work. Short-term disability insurance protects for periods up to two years while long-term protects for periods beyond two years up to a lifetime. An estimated 184 million peo­ ple-- about 9 out of every 10 people in the nation--had some form of private health insurance protection to help meet their medical bills as 1974 began. The statistics show a continu­ ing climb in private health in­ surance protection over the pa?t 33 years. In 1940, when data were first recorded, 12 million Americans were listed as having some form of health insurance. Five years later 32 million had 130 million p^opfc wrtn ft* M WIG start of 1973, 181.6 million. Hospital expense insurance, for example, had reached 184 million people at the start of the new year. Surgical expense insurance, which helps handle costs of op­ erations, protected 168 million people as 1974 began. Medical expense insurance. COMHOIHE FOUDVEAMf GREAT IIHAUL CAR VARIETY SHOW. Nobody can match your Ford Team's small car selection! Your Ford Team has a great small car selection. Three totally different cars for the small car buyer. Choose from 2-door, 3-door, 4-door or wagon styling at the Ford Team's Great Small Car Variety Show. The Ford Team has more of what you want in your small car. Pinto from PAGE 19 - PLAINDEALER-FRIDftY. MARCH 29, 1974 . Police Tickets The McHenry Police department issued the following tickets: James M. Sobacki, 2219 W. Manor lane, McHenry, failure to stop at a railway crossing (school bus with passengers). Donald N. Shacklefored, 8608 Memory trail, Wonder Lake, speeding 55 in a 40 mph zone. Robert Anderson, Antioch, speeding 60 in a 40 mph zone. Michael F. Clark, 4701 Bonner, McHenry, speeding 44 in a 30 mph zone. Vicki Gleason, 5408 Summerville, Wonder Lake, speeding 46 in a 30 mph zone. Fred Goy, 5330 Flanders, McHenry, disobeyed traffic signal. John T. Mueller, 4500 Parkway, McHeJiry, disobeyed traffic signal and improper use of registration. Joseph R. Feffer, 2085 Stone Lake, Woodstock, speeding 72 in a 40 mph zone. Stanley H. Steadman, Route 47, Woodstock, speeding 60 in a 40 mph zone. Daniel W. Swetman, 809 W. Emerald, McHenry, speeding 58 in a 40 mph zone. Forence Sather, 3703 W. James, McHenry, speeding 56 in a 40 mph zone. John F. Haze, McHenry, driving while license suspended. Douglas Coleman, 4116 Lake Shore drive, Wonder Lake, starting a parked vehicle. "WASH & WEAR" HAIR CUTS FOR gals on the go • Layer Cuts t Shags • Naturals $10.00 JAXE'S 385-7771 'Back to basics' economy in a sporty subcompact. Mavtvkk from SPECIAL AWARD - A happy smile indicates the importance of Tuesday night's Eagle award presentation to Doug Viita, left, who received the coveted title of Eagle Scout in a ceremony held at the Lakeland Park Community house. The McHenry youth also was recognized with another award from the Sheriff's department, given to him by Sheriff Arthur Tyrrell. ' STAFF PHOTO-WAYNE GAYLORD The small car built for families. Enough room for five people. Mustang II from The small size luxury car all new for '74. 'Car of the Year' by Motor Trend magazine. *Base model sticker price does not include destination charges, dealer preparation, state and local taxes, if any. 3936 W. Main St Come in today and see your HH1D TEAM'S GREAT SMALL CAR VARIETY SHOW. USS ^ORD SALES and SERVICE 385-2000 by BOB JUSTEN 'mere are good and bad habits.' Some habits are neither good or bad; just a habit of doing things in a certain way. Whether the habit is good or bad, or of convenience, it means we have accustomed ourselves to a manner, a routine, a practice. Habits are acquired; developed. A child can acquire a habit through example, teaching, discipline, .or neglect. . of parental or other influence. But no baby was ever born with a habit. People are described sometimes as having a "second nature". A habit is not "original nature". Bad habits are hard to break. But not impossible. Any one can break a bad habit - merely by dropping it. Desire, courage, determination and will power are needed, but it can be done. A Latin Proverb explains it this way: "A nail is driven out by another nail; habit is overcome by habit". Habits are linked to human nature. We will have athoughthere on "human nature" next week. Watch for it. GEORGE R. JUSTEN FUNERAL HOME 3519 W. Elm Street, McHenry, Illinois Phone: 385-2400 >

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