PJanningCan Reduce Farm Income Taxes Income (axes aren’t due for a while, bat it’s good business to start thinking about them now. Any adjustments in tax liability must be made before the end of 1966, according to W. T. McAllister, extension farm management specialist at the University of Delaware. ■Many crop farmers had a lower income this year; some of them took a substantial loss. In such cases, McAllister suggests selling the grain in 1966 instead of carrying it over to 1967 even though the price may be higher then. Of course, -the price increase of the stor ed grain might more than off set the saving in taxes Another way of distributing this year’s taxable income more evenly is delaying the purchase of 1967 supplies un til next year. The farmer will thereby reduce his tax obliga tion nexit year, when his m- The Customer’s Corner > *V t. y m* i* *•£ ■* s« V* ... We asked Mrs. John E, Davidson, 31 E-ast Lemon St., Lititz, what she thought of her new Long and Bomberger kitchen, She said, “I j|y new kitchen was 100%) .completed in 10 days and; during installation, I had no kitchen’ for only 4 or 5 days.” A satisfied. customer ‘ is our best salesman and our ,ne\y HOME'-CEN (TER; is finding tnore and more “best salesmen” every week. For a beau iCixstom kitchen, designed, just the *way yon like it, rely ,on Long and jSomberger. for'.the complete |ob- 'Just digl 7626-2123 and ask for, ~ Jim*! *' come should be higher. The more evenly a farmer can dis tribute his taxable income from year to year, the less tax he will pay. McAllister suggests using farm records to get a fairly accurate idea of taxable income for 1966. Investment credit is another very important income tax con sideration. Farmers should use this tax regulation to reduce their bill Under certain con ditions, it allows a fanner to deduct directly from his tax bill up to seven percent of the cost of some purchases. As an anti-inflationary meas ure' suspended the investment credit provision, be ginning with purchases made after October 10, 1966, and ex tending through 1967. How ever, $20,000 worth of pur chases made in this 15-month period are exempt, so most farmer’s eligible investments are still included. Eligible property under this deduction includes machinery and equipment plus freight charges and major machin ery overhauls that have a use ful life, or extend the useful life, for more than four years. Silos, gram bins and storage facilities also qualify, but live stock and buildings do not BE CAREFUL Overhead wires can be dead ly if they are forgotten or overlooked. Don’t assume that insulated wires carrying cur rent between buildings are safe to touch because insula tion may become ineffective with age Avoid running wires across buildings, or above driveways, if possible. V + * r ''v' • For The Farm Wife (Continued from Page 10) Meanwhile, combine water and food color in large jar. Add coconut; shake well to color. Turn onto waxed paper to dry. Cream remaining Vs cup butter or margarine and sugar. Stir in milk and vanilla ex tract; beat until smooth. Spread on cooled cake; sprinkle with coconut; refrigerate. Makes 40 fingers. >i < 1 CHRISTMAS DATE-NUT BELLS sticks (1 cup) butter packages (3 ounces each) cream cheese 2 cups sifted flour V* teaspoon salt 10 ounce package pitted dates Whole walnuts or pecans Powdered sugar Cream together butter and cheese. Add flour sifted with salt Stir until smooth. Divide dough into 4 portions and wrap each in waxed paper Chill several hours. Slit dates and insert nuts; press dates closed Cut each stuffed date in half. Roll 1 portion of chill ed dough at a time Va inch thick on pastry cloth sprinkled generously with powdered sugar Cut dough with 112 x 2 inch bell-shaped cooky cutter. Place a half stuffed date in center of each bell on a cooky sheet. Seal by placing another bell on top and pressing edges together. Bake in a moderate oven (350 degrees) for 15 to 18 minutes Cool. Sprinkle with powdered sugar. Makes about 36 cookies. It is difficult to realize that a person who doesn’t take your advice may not be stubborn. M 4., ' ‘ V v >v HOME CENTER 45 North Broad St., Lititz Phone 626-2123 YOUR REMODELING HEADQUARTERS Farm Wife and Family Ladies, Have You Heard? ... Supermarkets and Profit The average supermarket realizes a pro fit of IV2 percent on their total dollar sales The average checkout slip of $6.34 pro vides enough profit for the store to buy two lead pencils The carryout boy who may get a 10-cent tip for handling your groceries would make as much as the store. The average family spends over $l,OOO a year m food stores These foods provide nearly 4,000 meals per family. For providing this service, the food stores take a profit of about $l5 per family A store owner has to sell $3O worth of merchandise to make up the loss from an THOMAS accidentally dropped jar of are sturdily attached to the mayonnaase, splattered on the mattress. Cord, steel, or plas supermarket floor. tic handles are best. , Ticking should be closely When You Need a WT)yen New Mattress Check ventilators . . . they- Buy one that’s long enough > re important for airing inside and wide enough for your c f an innerspnng mattress, sleeping comfort. If you’re Y ou can’t judge mattress taller than 5 feet 10 inches, comfort by sitting on it The you’ll need a mattress that’s only way to test a mattress is longer than standard size t o he down on it Stretch out Allow at least 39 inches in and see if it is long enough, width . the width of a twin wide enough, and firm enough, mia/ttress, for each adult sleep- Ask the salesman to show er. you cutaway samples of the Long size allows extra length different types of mattress con . king size provides extra struction and explain the fea* length and width. tures. You’ll have three types of Buy the best quality con mattresses to choose from . . struction of mattress. . innerspnng, foam rubber, Cheek the label to be sure and solid ■ upholstered. that only new materials have uChedk Jhahdies to see if they been used. Lancaster Fanning, Saturday, December 3, 1966 or t By Doris Thomas, Extension Home Economist STARTING January 1,1967 Our Anticipated Rate Of Interest Will Be On All Savings Accounts Your Savings Are Now Federally Insured To (formerly $10,000) fffIRST FEDERAL favinps and Joan ASSOCIATION Of LANCASTER IHf 25 Horth Duke St. Phone 393-0601 Mon. thru Thurs. 9 to 4:30 m 4%% $15,000 Fri.: 9 to 8 11 Per Annum o&!$' Sat. 9 to noon
Significant historical Pennsylvania newspapers