Illinois News Index

McHenry Plaindealer (McHenry, IL), 12 Dec 1969, p. 9

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Deaths WIN MATH PINS -- A proud Gary Swanson, eighth grader at McHenry Junior high school, shows his math pin to Rae Dee Beno as Scott Fain and Laurie Staveteig, in back, look on. The four eighth graders made up the second place team in a county math contest held at Marian Central high school last Saturday, in which twenty-one teams were entered. PLAINDEALER PHOTO MARTIN S. WEGENER Martin S. Wegener of 3506 W. Pearl street, McHenry was pronounced dead on arrival at McHenry hospital shortly after 'midnight Dec. 10. Coroner Ehorn /conducted an investi­ gation which revealed that death was due to a heart attack. Mr. Wegener, 61 years of age, was born in Mundy, Texas, Dec. 8, 1908. He lived here most of hi» life and egaged in car­ pentry as a trade. The deceased was a mem­ ber of Libertyville Local 1996, Carpenters Union. He also was a member of St. Mary's court, No. 594, National Catholic Or* der of Foresters. Survivors are his wife, Hel­ en (Wagner); three sons, James H. of McHenry, Warren A., of Arlington Heights and Gerald J. of McHenry; two daughters, Mrs. Shirley (William) Karls and Mrs. Joan (Gordon) Miller of Richmond; twelve grandchil­ dren; three brothers, Henry of Tucson, Ariz., Joseph of Volo and Edward of McHenry. Three brothers, Peter, Tony and Al, preceded him in death. A funeral Mass will be of­ fered at 10 o'clock Saturday from St. Mary's Catholic church, with burial in> the church cemetery. ALBERT C. HASS Albert C. Hass, 83, of 3912 W. Lake Shore drive, Wonder Lake, died Wednesday night, Dec. 10, in Sherman hospital, Elgin. Mr. Hass was born Feb. 4, 1886, in Illinois. He was a carpenter by trade. His wife, Augusta, preceded him in death. Mr. Hass leaves one daughter, Lynda Haas, and two sons, Roger and Clifford, all of Wonder Lake; also two grandchildren. The body will rest at the George R. Justen & Son chapel after 2 o'clock Friday. Services will be conducted from the fun­ eral home at 10 o'clock Sat­ urday morning, with burial in Queen of Heaven cemetery, Hillside. FRI. DEC. 12,1969 - PLAINDEALER - PG. 9 Tax Facts Don't Bear Out Complaints of High Earners That 70 per cent top in­ come tax rate has consider­ ably more bark than bite for the affluent, the National Committee on Tax Justices points out. The suggestion that some­ one is worse of! for earning more income than he was if he had earned less is just not so, the Committee notes. There are several reasons for this. For one thing, any­ one paying at the 70 per cent rate does so only on amounts above $200,000 of taxable income in a year. For an­ other, the affluent have tax loopholes available to them that reduce their taxable in­ come. And for a third, even at the 70 per cent rate, the taxpayer still has more left after taxes that he would have if he hadn't received the money in the first place. Those who criticize the 70 per cent rates often neglect to mention that they pay the same taxes on amounts under $200,000 as those who earn less. Thb first $ 1,000 of taxable income, for instance, costs $140 in federal income tax whether the taxpayer has $1,000 or $1 million in in­ come. The $200,000 tax­ payer pays the same $800 on his $4,000 between $8,000 and $12,000 and $1,920 on his income between $40,000 and $44,000 as he would if he had a total taxable income of $12,000 or $44,000. The actual tax on $200,- 000 is $110,980, or 55 per cent. And that $200,000 often is only a fraction of the ac­ tual income of an affluent taxpayer. Because he can af­ ford to use tax loopholes, the affluent taxpayer can take ad­ vantage of investments that give him tax-free income through oil depletion allow­ ances, capital gains, real property depreciation and other types of earnings not open to less well-to-do Amer­ icans whose wages or salaries go for day-to-day expenses. ONE DOWN ... The superstructure of the battleship USS Arizona burns fiercely in this U.S. Navy Photograph taken December 7, 1941. following the Japanese air attack on Pearl Harbor. Millionaires Is Painless Loopholes in the Federal income tax laws allow four millionaire taxpayers with in­ comes from $6 million to over $10 million each to es­ cape paying any tax accord­ ing to a U. S. Treasury De­ partment study. Fifty to 75 of the super-rich eliminate all of their tax liability by the use of the unlimited charit- able deduction. Stanley S. Surrey, former Assistant Secretary of the Treasury, called for the elimi­ nation of this tax preference before the Senate Finance ComdUMee. Iledescnbed this Rows: y. f - " W h i l e s u p e r f i c i a l l y this deduction may seem to have a certain appeal when loosely described --a person must give away 90% of his in­ come--in actual effect the individual is not giv­ ing away income or as­ sets but giving away his tax. The assets actually contributed are nearly always appreciated se­ curities whose gain is untaxed and the income made tax-free is general­ ly dividend income oth­ erwise subject to a rate around 70%. "I see no reason why one group of persons is permitted to give their tax to any charity they choose while others are required to pay their tax to the Federal Govern­ ment. If all of us could choose either to pay our income tax to the Gov­ ernment or give it to our favorite charity we would have tax anarchy. This being so, no spe­ cial group should be permitted this choice." mmmmmmva: SANTA .-jy - IS AT • 9 4 - H D S T D N E Sun. Dec. 14 from 11-3 pm, Wed. Dec. 17, Thufe Dec. 18 from 6-8:30 pm, Sun. Dec. 21, 11-3, Mon. Dec. 22 and Tues. Dec. 23, from 6-8:30 .... There are goodies for all the children 1219 No. Green McHenry • • • 385-0182 | I jwhS Maybe all your car needs is a good tape job. a n c s . \ i K I I a p e w 11. It s 111- I l i e r a d i o n a i l < > | i > i 1 1 ' s \ s t c i 1 1 i s ( _ n > 1 1 1 t ' . a ' t I i \ ( i i i ( i n ' 1 1 1 l a ' _ m i i i a 1 1 1 \ I 1 1 1 1 h a I i s a n k • s i / ( • a s t h e 1 a M r i - a r t r i d ^ c . S n a p s i ; 1 I i s . i 1 1 i i p l a c e \ i i d I i r r a n s r i I s p a r t i 1 ! { 1 1 1 s \ s t ( • 1 1 1 . i t t < ) i ) . I > i < t a d c a s t s i i i s t r r e > . And it 11aa'r s st ill si>nirt 1 liii<j; lr11 Iyr \ <mi ii \ \ I l a d m > 1 1 i c s \ s t e m r a i i M a r k i ! . in w In ( Is T t l . r s o u n d t i \ \ a f t , . , l » . . i s t i i c w o r h i ! t a m i i a i o n 1 t a M r \ l • d t o d . i n S 1 1 a r k ' m i l i i 1 M 111 r s\ sit ma I a Mr yo & u u few. . K i i o 1 1 k • s \ s i ( M i l r a i i | k i c k » i . \ n d r \ ( i i 1 1 1 0 1 1 : 4 ! i \ v r m a d e 0 1 1 1 c a r o to (it lor ker|vs. we re smart ei 1011 <4! 1 o \ \ ! i o l ) o d \ k e e p s a c a r d o r r \ e r I ' l i a t s t i n s a n i r 1 1 1 1 i t r a n ' 4 0 i n c a r a l t e r c a r . > r k s a s w e ' ! i n a ( I i r \ \ a s i t d o r s i n a m > 1 1 I C l I s t ( ' I I M i c n e a t l e s . \ 1 i d I o r S t ) n 1 i n 1 1 1 1 ' s 1 r i n 1 1 m ' w a \ . \ i > t I ! h i 1 1 1 1 1 r s t 1 > r n i s o r 1 1 1 1 1 1 Moke dr i v ing more fun ! LARGE SELECTION OF RECORDS, TAPES, CASSETTES & ACCESSORIES! At Both Convenient Locations TOMES Iftusic Division Of TONES, Inc. PANASONIC Model CX-807SU Sebring CX-777SU Model CJ-210U 371S-23 W. Elm Street McHenry, Illinois 00060 (81S) 386-4646 Meadowdale Shopping Center CMrpentersvill*. Illinois 60110 (312) 426-6769 $9 95 pair Model CJ-230U *7995 Less speakers JS. *19 95 pair DEC. 13, 14, & 15 Saturday, Sunday, Monday / Saturday .Sunday .Monday Style Hair Spray Super hold and unscented Our Regular Discount Price 67/ 32 Limit 2 with coupon! HORNSBYS C O U P O N GENUINE Saturday .Sunday, Monday Phillips Milk of Magnesia Antacid Laxative Reg. 89jl Limit 1 HORNSBYS] C O U P O N with coupon Saturday .Sunday,Monday Dritz Cordless Electric Scissor 00 Value Limit 1 with coupon Saturday .Sunday, Monday 20 or 30 W Motor Oil Sinclair Dinolene or Standard Permalube Limit 6 rHORNSBYS 27' Quart with coupon Saturday .Sunday, Monday Indian Head Holiday Prints Also solid, easy-care, long wear, crease resistant! Limit 4 Yards 96' with con $2.00 Value ii HORNSBYS1 Saturday .Sunday,Monday Royal Electric Typewriter with Magic Margin ^ ̂ 25°° with coupon $200.00 Value HORNSBYS t u r n , I Y ( i n n > ^ - - C O U P O N - - Saturday .Sunday, Monday Bonded Knitting Material $2.00 Value 99 HORNSBYS] coupon Saturday .Sunday, Monday by Mattel, Inc. Super-Eyes Snooperscope Set $15.00 Value with coupon C O U P O N Saturday .Sunday, Monday Bab-0 4 n 1 Fabric Finish Make ironing easy! 28 Reg. 59«f HORNSBYS I . M f , with coupon C O U P O N Saturday .Sunday,Monday by Whitman Activity Box Giant! Reg. $1.00 43* with coupon DAILY 9-9 SUNDAY 9-6 HORNSBYS - f a m i l y centers -- i 4400 W. RTE. 120 McHENRY MARKET PLACE

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