The White Falcon - 03.02.1967, Side 2

2
WHITE FALCON
Friday, February 3, 1967
EDITORIAL
Voice of the People
As members of the 90th Congress walk the halls of the Capitol,
they are surrounded by reminders of the continuity and traditions
that have existed in our government since the first Congress con-
vened in March 1789.
Paintings and busts of Congressional greats who helped make
the history of our Nation abound throughout the corridors, recalling
for each elected representative the legacy of service and responsibility
to the American people.
Throughout its history, Congress has served not only as the voice
of the people but as an effective check against the accumulation of
too much power by any one branch or individual in our governmental
structure.
The 435-member House of Representatives has a strong voice in
the operation of the government inasmuch as all revenue bills must
originate with it. Approval of all treaties and major Presidential ap-
pointments gives the 100-member Senate an equally powerful voice
in the conduct of our country’s affairs.
Through the years, the responsibilities of Congress have increased,
as has its size. The complexities of government have multiplied as
the Nation has grown and progressed, demanding greater know-
ledge, toil and dedication from each successive Congress.
Today, as in the past, our elected representatives face the chal-
lenges of the world knowingly and firmly, resolute in their efforts to
help this Nation prosper as never before.
Security Office Lists Work Hours
The Security Administration
Office begins work each day at
8 a.m. (Monday through Friday)
with their day ending at 5 p.m.
To help you in transacting busi-
ness at the Security Admin Of-
fice, the below hours should be
kept in mind when wanting a spe-
cial service of the department.
Security Badges (Mon thru Fri)
8 a.m.—12 noon
Cigarette Ration Cards Tues &
Thur) 1 p.m.—3 p.m.
Military I. D. Cards (Mon, Wed,
Fri) 8:30-—10:30 a.m., 1—3 p.m.
Dependent & Civ. I. D. Cards
(Tues & Wed) 8:30—10:30 a.m.
1—3 p.m.
Vehicle Decals Mon thru Fri)
8:30—10:30 a.m., 1—3 p.m.
Traffic Court (Tues) 1:15 p.m.
until completion.
All Other Business (Mon thru
Fri) 8:30—10:30 a.m., 1—3 p.m.
It is suggested you clip this
schedule of operations out and
keep it handy in some ready place
for quick reference.
MOVIE CALL -
Feb. 3 to Feb. 9.
A. The Adventures of Marco Polo—Gary Cooper, Sigrud Gurie.
104 min. Adventure Drama.
B. The Cowboy and the Lady— Gary Cooper, Merle Oberon.
91 min. Comedy Western.
C. Texas Across the River—Dean Martin, Alain Delon.
101 min. Comedy Drama.
D. The Bishop’s Wife—Cary Grant, Loretta Young.
109 min. Comedy Drama.
E. The Silencers—Dean Martin, Cyd Charisse.
102 min. Melodrama.
F. The Trouble With Angels—Rosalind Russell, Hayley Mills.
Ill min. Comedy.
G. The Singing Nun—Debbie Reynolds, Ricardo Montalban.
99 min. Musical Drama.
H. Frankie and Johnnie—Elvis Presley, Donna Douglas.
87 min. Musical Drama.
ANDREWS POLAR NCO CPO ‘O’ ROCKY. GRV
THEATER CLUB CLUB CLUB CLUB
FRIDAY A D
SATURDAY F/B D A E C
SUNDAY G/C B D F/A H/E
MONDAY D A C B E
TUESDAY E C B D A
WEDNESDAY c E D A B
THURSDAY D
Tax Tips
Editor’s Note: This is the first in
a series of articles relative to
income taxes being written for
the White Falcon by Captain F.
W. Thomas, the assistant legal
officer for Iceland Defense
Force and staff judge advo-
cate for Air Forces Iceland.
These articles are furnished pri-
marily for the information of
active duty military personnel
with respect to their income tax
rights, benefits, and obligations,
and for their assistance in the
preparation of Federal income
tax returns. They are designed
to highlight provisions especially
applicable to Armed Forces per-
sonnel, but are not designed to
replace instructions for prepar-
ing returns.
Every individual citizen or resi-
dent of the United States (in-
cluding a minor) whether single
or married, whose gross income
for the year is $600.00 or more
$400.00 net earnings from
self employment)
must file a fe-
deral income tax
return even
though amounts
withheld by em-
ployers & pay-
ments on esti-
mates equal or
exceed the tax.
Members of the
Armed Forces
have the same
Thomas liability for fil-
ing Federal in-
come tax returns as all residents
& citizens of the United States
except that, like other Federal of-
ficers & employees, they are not
entitled to exclude amounts re-
ceived from the United States or
any agency thereof for services
rendered in a foreign country or
within possessions of the United
States.
A person who had
held from wages, or
ments on a declaration of esti-
mated tax, should file a return
even though gross income was less
than $600.00 for the year, in or-
der to recover the resulting over-
payment.
Normally, calendar year re-
turns are due on or before the
tax with-
made pay-
following April 15 and fiscal re-
turns are due on or before the
15th day of the fourth month
following the close of the fiscal
year. When a due date for per-
forming any act for tax purposes,
such as filing a return or making
a payment, falls on a Saturday,
Sunday or legal holiday, that act
may be performed on the following
business day.
Citizens who are residing or
traveling outside of the fifty
states and Puerto Rico on the
normal due date are allowed an
automatic extension of two months
for filing returns. Taxpayers who
take advantage of this extension
must explain the delay and pay
interest at the rate of six percent
per annum on the unpaid tax, if
any, from the original due date
until paid.
In addition to the foregoing, the
District Director of Internal Re-
venue is authorized to grant a
reasonable extension of time for
filing returns, also at six percent
interest, under such rules and
regulations as are prescribed by
the Revenue Service. Applications
for such extensions for filing in-
come tax returns should be sub-
mitted in duplicate, either on Form
2688 or in letter form, to the Dis-
trict Director of Internal Revenue
for the district in which the tax-
Ten Commandments For Parents
Or Parents To Be
These commandments for parents, found in the August issue of
TOGETHER seem as applicable today as they were a number of
years ago when they were dashed off by an unknown author in
England and contain truths for those without families as well. They
are quoted for the edification of all of us.
1. Thou shalt love thy child with all thy heart
and soul and strength, but wisely with thy mind.
2. Thou shalt think of thy child not as something belonging to
thee but as a person.
3. Thou shalt regard his respect and love not as
something to be demanded but as something to be
worth earning.
4. Every time thou art out of patience with thy
child’s immaturity and blundering, thou shall
call to mind some childish adventure and mistakes
which attended thine own coming of age.
5. Remember it is thy child’s privilege to make a
hero out of thee and take thy thought to be a
proper one.
6. Remember also that thy example is more eloquent
than thy fault finding and moralizing.
7. Thou shalt strive to be a signpost on the highway of life
rather than a rut out of which the wheel cannot turn.
8. Thou shalt teach thy child to stand on his own feet
and fight his own battles.
9. Thou shalt teach thy child to see beauty, to practice kindness,
to love truth and to live in friendship.
10. Thou shalt make the place wherein thou dwellest a real home — a
haven of happiness for thyself, thy children, for thy friends,
and for thy children’s friends.
was raised on new bonds, improve-
ments were also made in the older
bonds for their remaining life,
which means that they are now
earning at a comparable rate. Sec-
ond, if you cashed in your bonds,
their accrued interest would im-
mediately be subject to Federal
income tax.
YOUR
SAVINGS
BOND
QUIZ
Question: Could the co-owner of
an E or H Bond redeem the bond
in the event of my illness or in-
ability to get to the bank?
Answer: Yes, provided the co-
owner had possession of the
bond. Either registered co-owner
may cash a U. S. Savings Bond
without the permission of the
other. In the case of an H Bond,
however, it would be necessary
for the bank to forward it to a
Federal Reserve Bank or branch,
or the office of the Treasurer of
the United States, and one full
calendar month’s written notice is
required.
Question: What is the tax ad-
vantage, if any, in buying U. S.
Savings Bonds?
Answer: The advantage lies
first in the fact that Savings
Bonds are exempt from state and
local income taxes; second, that
interest on Series E Bonds need
not be reported for Federal in-
come tax purposes until the bonds
are redeemed. And when E Bonds
are exchanged for H Bonds, tax
on the accrued interest may con-
tinue to be deferred until the
H Bonds are redeemed or reach
final maturity.
Question: Should I cash in the
E Bonds I bought back in the ’40’s
and buy the ones offered today
at a higher rate of interest?
Answer: No — for two reasons.
First, when the last interest rate
payers files his returns, on or
before the due date for filing such
returns, and must contain a full
recital of the causes for delay.
Doctor — “I can do nothing for
your complaint. It is hereditary.”
Patient — “Then send the bill to
my father.”
THE WHITE FALCON
U.S. Naval Station Keflavik
White Falcon’s mission—To in-
form and entertain all hands, to
serve as a positive factor in pro-
moting the efficiency, welfare and
contentment of personnel.
Commanding Officer
Capt Emile E. Pierre, Jr., USN
Executive Officer
Cdr Richard C. James
Information Chief
SMSGT Jack D. Beard, USAF
Editor
JOl George Cates
Reporters
CYN3 James Rutledge
SN, William Stanley
JOSN Paul Jespersen
The White Falcon is published
weekly on Friday in accordance
with NAVEXOS P-35, revised
June 1958, for free distribution
to personnel of Naval Station
Keflavik. It is printed commerci-
ally by the Isafoldarprentsmidja,
Reykjavik, Iceland, from non-
appropriated funds.
Opinions and statements made
in articles published here are
• those of the authors and are not
to be construed as official views
of the U.S. Govt., Dept, of De-
fense or the Navy Dept.