The White Falcon - 10.03.1967, Side 2

2
WHITE FALCON
Friday, March 10, 1967
EDITORIAL
Opportunity Unlimited
How much arc you learning from the area in which you are sta-
tioned?
No matter where you are stationed, you can broaden your edu-
cation. There are sights to see, people to meet, and possibly, a new
language to speak.
Whether in this country or overseas, almost every area has points
of scenic or historical interest to visit which can make your tour of
duty more enjoyable.
People of the area to which you are assigned can help you gain
greater understanding of the area, culture and customs. As Ameri-
ca’s ambassadors in uniform, getting to know and understand people
of a foreign country will not only make your tour of duty more in-
teresting, but will help our nation as well.
Wherever you are, there are unlimited activities to occupy your
off-duty time. Most areas have museums, universities, concerts,
sporting events and stage productions that furnish entertainment
year ’round.
With few exceptions, servicemen have more opportunity to travel
and visit new places than any other segment of our population. Mil-
lions of people spend billions of dollars each year to travel to the
far corners of our own country and the world, squeezing into two
or three weeks vacation many of the sights and activities we take
for granted or ignore.
Get the most from your time in the Armed Forces. Take full ad-
vantage of every opportunity you have to see and learn more about
our own country and the rest of the world.
THE YOUNGEST AND OLDEST GIVE THEIR SUPPORT—Seaman
Apprentice Robert Cabaniss (center) and Tradevsman First Class
Glen Sharp present their Overseas Combined Federal Campaign
pledge cards to Lieutenant (junior grade) John Kelly, liaison officer
for the Naval Station Keflavik’s administration department. The cam-
paign now underway aboard the NATO Base will end April 15.
(WHITE FALCON STAFF PHOTO)
PRESIDENT ELECT—Toastmaster President Rich Sewell (right) con-
gratulates Chuck Tucker on being elected President of the Toast-
master Club aboard the NATO Base. Tucker elected last week will be
installed at the annual installations dinner scheduled April 8 in the
Officers’ Club. Others elected were: Thordur Einarsson, educational
vice president, William Goss, administrative vice president, Gudmund-
ur Karlsson, secretary-treasurer and Magnus Sigurdsson, sergeant-
at-arins. (WHITE FALCON STAFF PHOTO)
Tax Tips
Editor’s Note: This is the sixth
in a series of articles by Air
Force Captain F. W Thomas
related to the preparation of
your income tax return for 1966.
Deduction (Standard)
There are two ways of taking
deductions on Federal tax returns.
A taxpayer can itemize them on
page two of Form 1040 or he may
claim the standard deduction. It
is ordinarily to the taxpayer’s
advantage to itemize his deduc-
tions if he is a homeowner pay-
ing interest and taxes, or if he
makes large con-
tributions to
qualified chari-
ties, has un-
usually large
medical expen-
ses during the
years, pays ali-
mony, or incurs a
major uninsured
casualty loss. A
taxpayer cannot
use Form 1040 if
he elects to
itemize his deductions. (Itemized
deductions will be covered in
some detail next week.)
The standard deduction is an
allowance in lieu of itemized de-
ductions and certain tax credits.
It is used only when it exceeds
the total of the taxpayer’s deduc-
tions itemized in Part IV, page two
of Form 1040. Using the standard
deduction relieves the taxpayer of
substantiating itemized deduc-
tions.
There are two methods of com-
puting the standard deduction. As
computed under one method this
deduction is called the 10%
standard deduction. As computed
under the other method it is cal-
led the minimum standard deduc-
tion. The taxpayer should use the
method that results in the greater
deduction.
The 10% standard deduction is
10 percent of the taxpayer’s Ad-
justed Gross Income — amount
entered on line nine, page one
Form 1040.
The minimum standard deduc-
tion for all taxpayers is as fol-
lows: Married persons filing joint
returns and surviving spouses
should deduct $200 plus $100 for
each exemption, including those
for the taxpayer, his or her
spouse, old age and blindness and
exemption for dependents: Un-
married persons should deduct
$200 plus $100 for each exemp-
tion, as explained above: Married
persons filing separate returns
should only deduct $100 plus $100
for each exemption as explained
above. Generally it is more bene-
ficial for the taxpayer in a low
income status with several ex-
emptions to use the minimum
standard exemption.
The minimum standard deduc-
tion and the 10% standard de-
duction may not exceed $500 for
separate returns of married indi-
viduals and may not exceed
$1,000 on any other return.
If a taxpayer’s adjusted gross
income is less than $5,000 and he
wishes to utilize the standard de-
duction, he must determine the tax
from the appropriate tax table
issued by the Internal Revenue
Service. It is important to re-
member that a taxpayer cannot
itemize deductions and still use
these same tax tables. This is
due to the amount shown in each
bracket of the tax table being
computed with an allowance for
exemptions, plus the larger of the
Thomas
Spiritual Dynamite
A questionaire was sent to several pastors recently asking how
this phrase from the Lord’s Prayer, “Forgive us our trespasses, as
we forgive those who trespass against us”, was put to use. If yuu
really consider all of its implications you can see that it is “spiritual
dynamite.” I would like to share with you how this has affected
personnel relationships: Some nasty conflicts among women at-
tending the same Church removed; in the family, divorce prevented,
unfaithfulness confessed, and reconciliation established; a husband
severely critical of his wife and children and those he came into con-
tact with, finds healing in forgiveness; guilt feelings because of
overt conduct are dissolved and the healed individual became literally
a “new man”; a son who has not spoken to his parents for several
years finds a unity: alcoholics are released from bondage through
the Word that is shared in personal interviews; a man is reconciled
to a next door neighbor with whom he has not spoken for 20 years. Now
you can see what can happen when you take this prayer seriously.
Truly, it is “spiritual dynamite”. Do you take it seriously?
O Wim
Club tfetoJ
by Jane Avila
The OWC Bowling League held
a luncheon on March 1 in the
Reading Room of the O’Club.
After a delicious lunch, the presi-
dent of the league, yours truly,
presented the silver awards to
the team and individual winners
of the last league. First Place
Team went to the Arctic Katz
.... Louese McLean, Elsa Nowak,
Peggy McBrayer and Judy Ho-
wen. Second Place Team was won
by the Three Mutts and Jeff .. .
Jean Pierre, Jean Conkey, Av
Bjork and again yours truly.
Individual standings were: Jean
Pierre, high average; Shirley
Babbitt and Kay Ward, high
average with handicap; Grace
Poissot, high series; Jane Avila,
high series with handicap; Sally
Berger, high game; Ethalyn Pix-
ton, high game with handicap;
Peggy McBrayer and Addie
Autrey captured the most im-
proved bowlers spot.
Greatest Show in Iceland
The next OWC luncheon is set
for March 21 and promises to be
a hum-dinger. The Circus is the
theme for this affair and the Na-
val Station wives sponsoring it,
promise us everything from tight-
rope walking to cages filled with
ferocious wild beasts. Trapeze
artists, clowns, tumblers, and
everything that goes to make a
circus, will be on hand. I wonder
if we are having hot dogs and
pop corn for lunch? To find out,
and to make reservations, cad
Mary Jane Tuzo, extension 3247
(on base) or Molly Walker, 5263.
Off-base callers should contact
Irma Brayton at her Keflavik
number 1156.
10 percent standard deduction or
of the minimum standard deduc-
tion. The appropriate tax table
may be used regardless of the
source of income by individuals
with adjusted Gross Income of
less than $5,000. If a joint return
is filed, the combined adjusted
Gross Income of the husband and
wife must be less than $5,000.
CAMPAIGN CONTRIBUTOR —
Colonel Joe Joiner (right), com-
mander, 57th Fighter Interceptor
Squadron presents a check to Com-
mander John Foil, Chairman of
the Overseas Combined Federal
Campaign currently being held
aboard the NATO Base. It will
end April 15. (WHITE FALCON
STAFF PHOTO)
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
JOSN Paul Jespersen
SN, William Stanley
A2C Gene Heppler
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.