Tucson Daily Citizen from Tucson, Arizona on March 6, 1968 · Page 6
Get access to this page with a Free Trial

Tucson Daily Citizen from Tucson, Arizona · Page 6

Tucson, Arizona
Issue Date:
Wednesday, March 6, 1968
Page 6
Start Free Trial

PAGE 6 T U C S O N D A I L Y C I T I Z E N The Reluctant Taxpayer */ By William L. Raby, CPA .Anytime you can get something at 50 pei- cent off the regular price, you have a bargain. This is what capital gains mean to you. A dollar of capital gain income will be marked down to 50 cents when you figure your taxable income. It may be slashed down even more if you are in such a high tax bracket that -treating the capital-gain income as being taxed at 25 per cent ·will produce less tax than this 'discounting procedure. But the Internal Revenue Service and t a x p a y e r s are constantly · struggling over whether a particular taxpayer gain should get ^favored capital-gain treatment or stuck with ordinary income treatment. When IRS leans too hard on taxpayers, Congress sometimes steps in and makes -special rules. For instance, suppose that you own a 50-acre piece of land ;which cost you $5,000 some 20 ·years ago. You would like to chop it up into 100 half-acre lots ;and sell them off. Selling them ·all might take you three or four 'years. Generally, l!RS says this '·type of gain is ordinary income. You're holding the property for sale once you subdivide it and start selling it off. However, Congress put a specific provision in the law that allows you 'to subdivide and still get capital gains treatment if you've held the property for at least five years. : Of course, in order to get the 'capital gain bargain, the proper- !ty being sold must have been 'held for more than six months. A sharp taxpayer, who thought that a piece of land was going to go up tremendously in .value in a short time because of ·a highway relocation, obtained an option to buy a corner lot. .'He paid $500 for the option, ·which allowed him to buy the property for $5,000 at any time 'within the following year. Eigfr months later, he was offeree ·$10,000 for the. property. He sold the property for $10,000. While he thought the capital- .gain break ought to help him tecause he had held the option ."for eight months, the gain was · 'taxed to him in full because he jdid not purchase the land until he exercised the option. He would have been much wiser to ·iiave sold the option rather than Buying the land and selling the /land. If he had sold the option ·instead of the land, he could :have saved §1,000 in tax. f ': Social Security Aide Promoted John W. Pekarcik has bewi moved up from field represents tive to operations supervisor o the local Social Security Admin istration office. The promotion was announcec today by Russell F. Davis, district manager. .Pekarcik, in his new post, wil supervise personnel processing applications for Social Security benefits and Medicare. He also will serve as Medicare hospita" coordinator of the sis countie: in southern Arizona. A native of Cleveland, Pekarcik attended Cleveland College and North Hollywood Junior College. He has been with the Socia Security Administration since 1941, except for military service during World War II when he served with the Allied forces headquarters in Italy. Pekarcik, 49, has been a Tucson resident since 1954 and lives with his family at 5731 E Holmes St. Advertisement YOU MAY HAVE PIN WORMS AND NOT KNOW IT Fidgetiue, nose-pScldotr, a tormentioe rgctal iteh are oten telltale signs of Pin-WormB_.ug]ypara»'te3 that zned- lc»l experts Bay infest 1 out of every 3 persons examined. Entire famjiieo nay be rkrUms and not kaow it Toeetrid of Pin-Worms, tbeymost M kflled In the large intestine where they li ve And multiply.That's exactly what Jayne's P-W tablets do... and here's how they do it: First--a scientific coating carries «JM tablets into the bovefi before they dissolve. Then -- Jayne's modern, medically-approved ingredient KOM right to work--US* Pin-Worms teto efaneet wHh daneer- · f / g 1 ^ ««U|iouii Pin-WornM whk*Jofeet i * 0 ti*K*O^G«. tM. «l»c JayiM'a P-V Ycnaffor* · · · ·man, emsy-to-tako tableto... ' ' WEDNESDAY, MARCH 6,1968 38 E. CONGRESS Downtown 6323 E. 22nd St. Oxford Plaza I ·aaaV ** antastic ·scounts DURING THE WESTS GREAT SAVINGS EVENT- THRIFTY'S OWN PRICE SPECTACULAR! *9.95 Value JDP5, THRIFTY'S OWN PRICE SPECTACULARS 49* Ea. Women's TAILORID Nylon Briefs Padded 1 Al umimvm *29" Value 4.MIAW1R Thrifty Discount Priced Run-resistant 40- denier nylons with elastic legs. 5 to. 10 in white, pastels. "Wash in a wink. Save now! Ratio Chairs Modern Desks 50c A One-Time Buy! Hurry! Save Almost %! Large, -comfortable! Oversize reversible pad in blue and white floral pattern. Front legs braced for strength. Unsurpassed for QutiKty mid Valve! Smart'desk, 29"high, 40" long in ,, Peryaneer finish. JL 4 sliding drawers', E brass pull-bars. M Wipes clean with · damp cloth. Reg. *5» s 5x6-Ft. Wall-to-Wall Bathroom Rug With Matching Lid Cover ' -- » t!_f 19 C Vinyl Spr i it g Flowers! and Foliage 5x6' tufted plush cotton pile with lid cover, Jcraft paper for pattern. New decorator colors! Nonskid backing. Machine washable. $099 Spring's loveliest flowers in lifelike plastic, decor a t o r colors. Rosebuds, Gladioli, Apple Blossoms, Geraniums; more in sale group. YHfft CHOKI $ 2 39 Cannon Cotton Musi Bed Sheets Gillette Razor $ 2 95 Techmatic 5-Oz.-Price Inch 5c Off on Label-Reg. or Mint Twin Bed 72x108" or Fitted Twin Bottom First Quality Nationally Famous- Brand $2.59 Full Bed Six* 81x108 Full or Fitted Bottom.....*. : PASTE Shampoo That Leaves Hair Alive! -3-Oz. New Hot Colors! Women's! S 3 9E Shell Blouses $2 19 2 for $1.18 Cannon Pillowcases 2 fer - - . ^_ ^^ 64* Preii liquid . . 42 ^B^ »-- «·--__·»__«__ Regular or Bleached/Dyed 6.5-Oz.-Price Incl. 7c Off on Label 79 C Chipper's 12-Ox. Vacuum Tin- Mixed Nuts With Butter Toffee Nuts Added! 32-oz. tin of fancy nuts, blanched, Virginia and redskin peanuts and butter toffee covered nuts! PERMANENT POWDER 6-Oz.-Nufri-Tonic HAIR LOTION TREATMENT WALL PLAQUES REG. $9.99 Beautiful embossed plaques in assorted subjects--36"x48". 12-Oz.Size Bottle of 26 Tablets Textured Nylon Orion® Acrylics .For swinging irtto Spring! Jewel * and V-NeckB! White, HotPinfc. Blue, Maize, Orange, Green and Fisherman Knita. Full cut sizes 34 to 40. Women's "Goldmine" New Fashion Clutch Wallet ·Smart billfold and clutch combo with, triple frame, 2 ·wide pickets, big zipper com- · partment. Colors ia sea-green or vinyl patent! 8 . 3-Or. Cough Syrup ·. · · « Remilar CF Children's V/4-Grain-Bottle of 36 Aspirin m 21x36-lnch Shag Area Rugs Blend of 70% rayon and 30% a c e t a t e pile backed with latex. New Style in new colors! -,. Won't fade, machine J washable. 39 C St. Joseph... 8-Oz.Size ·- ., ~ ^^ 98 C Pepto-Bismol63 *1*2 Values i Lustre Pearls ·wy 2 * Save $1 io $2 t-ne to six-row necklaces, graduated, uniform! Clasped, adjustablel Regular,'op era lengths! Earrings-to match. Culturelle styles, too. Your Choice I M Value! Crystal-Like Plastic Wastebasket 10-qt. size in handsome cut crystal effect, perfect for boudoir or bath. Truly a Sale Spectacular Value! LIQUOR DEPT. SPECIAL Full Quart Harkoff Vodka Priced Even lower Than' Our Everyday low Price tf $3,89 jJ.Finestqual- 4 N'ity vodka -- J none better T 1 atanyprice. Stock Up ani Save T»rf«r «f tin*** $3995 Value 5 Foot Credenza 3 sturdy doors w i t h carved design. Walnut pervaneer finish. 195 Key of Kentucky Quart Blended Whiskey $449 A Tim, Full-Bodied, O iltnded WhUfcey Ric«r» J^ghtpfdsa*. Yoitr Choice. Fifth G.H.n *15 M Sunbeam 3-Speed Hand Mixer elissande Lipsticks Duncan Sinclair Scotch JwlgMl Out of tlt« W«rU'i d Best T*iHn« Secleh Wftiikkc '4.95 VakM *3 95 Vol.! Cotiette Instant Recording Tape Aadio Compact pair of i n s t a n t load tape cartridges ·with 1-hour playtime. TfiriBy Dlieomt Prienl Seamless Cantrece ParityHose Compare our finer quaiifcy and low. discount: price! Fantastic fit, comfort... no pull, no strain in cheer stock ings end nylon panties that stretch to fit! Latestshades! Publisher's Closeeut Hard Cover Mad* *·«·!! for d otfar*nt*r*! Pickwick 33 Record Albums 19 «1 Top n a m e s in show biz in this great group of big hit albums. Novels Values to .$10.00 of fiction, 1 non-fiction, juveniles. Many have been Book of the Month selections! Most published in last 3 years! Curad Bandages · 73c Flesh Mtdicated, 47'« · 73c All Wide, 36'$ · 77c Flesh Transparent/ 45'f · 59c Telfa Adhesive Pads, 10 f s Price includes 8c off on label. JBuy 2 and save 41cto77c. RtfHk Extra-large beaters with nylon on bottom to prevent bowl- scratching! Beater ejector. Mod HMDI. Lip lighting ·tieJu of marvelous M blending color op color! Gltmowr ·hadetl .dn far awn mditoa* Sf* only. Prescriplions all of which are bonded Reduced another 20% Compare our fritt wi your iwxt pr«Krij-'j Iton with oihen in town. Yeu'll be »m««iJ at the savings. And you can be sure with a Thrifty Bended prescription. Since 192?, Thrift/ Drug Stores have filed over M million prescriptions with never a compromise on quality and accuracy. -Th* reliability oTour slat* mister- ed pharmacists Is beyond question. They are at your servfee seven days a week. And In addition vou save even more at these new re- j duced price*. 99* Yal. Landers Hair Beauty Specials JMBT C 56 Your Choice 52-Ox. · Shampoo with Egf · Cr*m« Hair Rins* · Glycirin* Roitwiritr Lotion Savings of 43e.cn each bjj quart bottle during Thrifty Week! *1" FaulHess "Tinykit 1 " Felding Syringe $423 1 New conpsrct syringe ·with carrying case. 16-oz. capacity, pjirse size. No hose, clamps. V

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free