The White Falcon - 03.03.1956, Side 2

Page 2
THE WHITE FALCON
Saturday, March 3, 1956
THE WHITE FALCON
New Lubritorium
Volume 6 Number 9
HEADQUARTERS, ICELAND DEFENSE FORCE
Brig Gen John W. White, USAF
Joint Commander
Battalion
Hi-Lites
2nd Bn Combat Team
By Sp3 Jerry L. Cohen
The WHITE FALCON is an official Armed Forces newspaper
published weekly at Keflavik Airport, Iceland, by and for the Army,
Navy and Air Force personnel of the Iceland Defense Force. The
WHITE FALCON receives AFPS material. AFPS material appear-
ing herein will not be reprinted without written permission of the
Armed Forces Press Service, Room 1425 Fisk Bldg., 250 West 57th st.,
New York 19, N. Y. Views and opinions expressed herein are not ne-
cessarily those of the Department of Defense.
Deadline for copy: 0900 hours Monday. Telephone number:
Ext. 20.
Supervising Officer.................Major Thomas E. Holt, USAF.
Staff
Editor ............................ M/Sgt J. S. Coatsworth, USAF.
Associate Editor............................Sp3 J. T. Lawrie, USA.
Staff Writers.......Sp3 Jerry Cohen, USA, A/1C Burt Bell, USAF.
Art Editor........................... DMSN Harvey L. Peck, USN.
Isafoldarprentsmlfija h.f.
Consider Your Deductions
Now for 1956 Tax Bill
(This is the last in a series of eight articles on federal income
tax filing for the year 1955. The articles are based on information
furnished to AFPS by the American Institute of Accountants, the na-
tional organization of certified public accountants, and tax information
available from the Navy’s Bureau of Supplies and Accounts.)
(By Armed Forces Press Service)
The previous articles in this series were intended to
help you in preparing your federal tax return for 1955.
This article deals with vour taxes for 1956 and beyond.
When the time comes to make out you# tax return for
1956 it will be too late to take advantage of some possible
tax savings. There are some possibilities for reducing your
tax which you might consider now:
If you are providing nearly half the support of some-
one who might qualify as a dependent, remember that if
you provided more than half the support you would be en-
titled to a $600 exemption.
Remember that unless a dependent is under 19 or a
student, you will lose the exemption if his income is $600
or more. Be sure to check the income of everyone you ex-
pect to claim as a dependent.
Remember, too, that you may file a joint return for
1956 if you are married1 anytime during the year before
midnight, Dec. 31, 1956.
A baby born up to midnight Dec. 31 qualifies as an ex-
emption for the full year.
If you foresee a great deal of medical expenses during
the year—more than three per cent of your income—and
expect the expenses to be less in 1957, you might consider
paying as many bills as possible before the end of the
year—up to the maximum allowable deduction. If you bor-
row to do this, remember that you can also deduct the in-
terest.
If your medical expenses are over the maximum de-
duction, perhaps you can defer part of the payment until
after the end of the year.
Borrowing to pay your taxes can sometimes let you
take the deduction a year earlier.
If you sell your home at a profit, remember that
you do not have to pay a capital gains tax if you pay
more for a new home within a year than the price you
get for the old one.
When investing money, remember that stock in a dom-
estic corporation offers the possibility of dividend exclusion
and credit.
If you sell securities or other “capital assets” at a pro-
fit, it is usually better to wait until you have held them
at least six months so that the profit will be taxed at the
capital gains rate instead of as ordinary income.
When buying bonds, consider not only the interest rate
but the fact that interest on state and municipal bonds is
exempt from federal income tax.
If any of these points is likely to make a substantial
difference in your tax, it will probably pay you to discuss
your problems with the Internal Revenue Service, or to
seek professional tax advice. Anything you pay for assi-
stance in preparing your tax return is deductible from
your taxable income.
But beware of any “tax expert” who claims that he
can cut your tax below the amount you really owe. It’s a
good idea to pick someone who has had experience in deal-
ing with the revenue service, just in case the government
should raise some question about your return.
A touch of home at Keflavik Airport for U. S. military and civilian
personnel is added by the new, modern lubritorium, recently com-
pleted. One of the most modern service stations in Iceland, the lubri-
torium is equiped to satisfy service station needs of NATO Defense
Force car owners.
The race for the Commander’s
Trophy has officially come to a
close with Hq Hq & Svc Co winn-
ing the big prize. It’s the first
time an Army unit has taken the
base-wide award since the Trop-
hy’s inception. A banquet will be
held in April to honor all of this
year’s sports champs at Keflavik
Airport.
Company “D” boasted the se-
cond and third high individual
scorers in the Rifle League in
Cpl Ecklund and Sfc Lettman,
respectively. Headquarters Comp-
any (8-2), Company “C” (7-3)
and Company “D” (7-3) have the
top marks for the Battalion in
the Pistol League Standings. Lt
Lee of Headquarters had the top
individual Pistol score in last
week’s competition.
“Lubritorium” Provides
Service For Motorists
One-stop stateside super service for automobiles is now
available to all Keflavik Airport motorists at the new Esso
Lubritorium” located opposite the FASRON hangar.
The “U. S: Flavor” that is now
being added to the gasoline pumped
into our vehicles is another con-
cession contracted for by the Ice-
land Central Exchange with the
Standard Oil Company.
The modernistic design is the
same as used in the newest ser-
vice stations in the USA and
features six pumps mounted on
three islands, hydrant-type air
hoses, two grease racks and out-
door auto washing facilities.
The flashing blue and red neon
sign on the north side of the
station is reminiscent of the
familiar oil company emblems
that are commonly seen along
every street and highway back
home.
Open for business 365 days a
year from 0700 to 2100 on week-
days and 1200 to 1700 on Sundays
and holidays, the “Lubritorium”
is manned by Icelandic employees
and mechanics. The current gas-
oline price is 19.4f a gallon while
a complete lubrication costs $1.85.
Oil sells for 22f a quart or 66<* a
gallon. Washing service is avail-
able for $1.50. Protection against
the rugged Icelandic climate and
salt air in the form of waxing and
interior cleaning is also available
along with a variety of minor re-
pairs such as brake adjustment,
wheel aligning and tune-ups. All
repairs are done on an hourly
labor charge plus the price of ne-
cessary parts. Payments for all
products and services is made with
the usual militai-y payment cer-
tificates.
Accessories are now some-
what limited with exception of a
wide line of polishes and smaller
items. It is expected that the
usual service stations merchan-
dise such as tires, chains, bat-
teries, wiper blades and ignition
parts will be available in the
near future. Ask the attendants
for your needs so that they might
have a better idea on what items
to stock.
Auxiliary services such as wash-
ing windows, checking the oil le-
vel, battery and radiator are not
commonly ' practiced in European
countries, but are gradually tak-
ing hold here because of the con-
tinuing stream of American cust-
omers. Ask for the service you
desire.
German Classes
Start In March
Starting Monday, Mar. 5th, a
two-semester college course in
German will be taught at the
Keflavik Airport Education Cen-
ter. Registration is still open at
the Center, SP-626. No fee will
be charged to those taking Ger-
man course. College credits may
be earned through the instruction.
Language professor for the
German class will be Mr. Henrik
Thorlacius. Mr. Thorlacius has
been a language instructor for
15 years. For the past five years,
he has been teaching at Kefla-
vik Airport. He speaks German,
Icelandic, English, Danish and
French.
Interested personnel may con-
tact the Education Officer, AT
35W, or sign up for the German
course at building SP-626.
Second winds . . .
The 95th Tank Platoon posted
the top “per man” contribution
figure during the recent March of
Dimes Campaign. Their successful
Carnival helped boost them to the
impressive average of $19.00 per
“Tanker”.
Company “B” will be the first
of the units to revert to a Guard
Company, pulling all the guard
duty for the Battalion during the
month of March. “Babe’s” (Comp-
any “B’s” mascot) pups are re-
ported to be getting along fine.
Ever increasing in popularity is
the game of chess. A good match
can be found at any time in the
Company “B” dayroom.
Sparked by Cpl Paul Cronin,
Company “A” won its ninth
straight game in the Volleyball
League. They now have the best
record in the Battalion, 9-3. Pvt
Charles Smith of the “Tankers”
now an engaged man. Sp3 David
Van Gorden of Company “B” re-
turned from his leave to Europe
still a mite tired. His advice; “Go
man, Go”.
Congratulations to the follow-
ing men who recently received
their promotions. In Company “C”,
promoted to Cpl was William
Procasky; to Pfc, Pete Kilborn,
Charles Fink, Wayne Winjum and
Russell Kerr. Promoted to Cpl
from Company “A” was Radames
Colon-Perez; to Sp3, Jose Bravo-
Munez; to Pfc, Frank Connor,
Edward McKenna, Thorton Burke
and Harold Thomas.
^t^lvine Sc
eruiced
Protestant Chaplains: Frank E. Wiley. Henry H. Hafermann.
Catholic Chaplain: Father Robert J. Plocki.
PROTESTANT SERVICES
SUNDAY: 0900—Worship Service. 0945—Sunday School (An-
nex). 1100—Worship Service. Change to 1115—Christian Science
Service (Annex). Change to 1315—-Church of Christ Service (Annex).
Lutheran Communion 3rd Sunday each month—1500. 1800—Prote-
stant Youth Fellowship (Annex). 1900—Evening Service. Protestant
Communition Service—2000 (Annex).
THURSDAY: 1930—Choir Rehearsal.
JEWISH SERVICES
FRIDAY: 1930—Worship (Annex).
LDS (MORMON) SERVICES
SUNDAY: 1500—Services (Annex).
MONDAY: 2000—Services (Annex).
WEDNESDAY: 1900—Services (Annex).
BAPTIST SERVICES
SUNDAY: 2000—Fellowship (Annex).
TUESDAY: 1930—Bible Discussion (Annex).
THURSDAY: 1930—Prayer Meeting (Annex).
CATHOLIC SERVICES
SUNDAY: Masses: 0800, 1000 and 1200.
WEEKDAY: Monday thru Friday 1715 Mass. Saturday 1215 Mass.
CONFESSIONS: Daily before Mass. Saturday 1830.
MONDAY: 1900—Novena.
FRIDAY: 2000—Choir Rehearsal.