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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Dec. 17, 1979)
Page 10 THE BATTALION MONDAY, DECEMBER 17, 1979 HURRY UP!! AND BUY YOUR the nation the AGGIE CHRISTMAS CARDS now on sale in RUDDER BOX OFFICE sponsored by Class of ’80 Average payer may save on income tail Yesterday's a fine billiards establishment OPENING SOON 4423 S. Texas Ave. between Luby’s & Chelsea St. MiiiHMimmiimiiiiiinimmHHimiimnniHiiiimiMmiimiiiMmiimmiimmmmimiiiiiimiiiNimiHiiitmimiimmiimmiHiunmiHimii! University Book Stores NORTHGATE 409 UNIVERSITY DR. CULPEPPER PLAZA NEXT TO 3C-BBQ United Press International WASHINGTON — Beginning one day after Christmas, the first of more than 87 million American households will receive the annual package of holiday greetings from Uncle Sam — 1979 federal income tax returns. The Internal Revenue Service — which hopes to have all the packets delivered by Jan. 4 — says there are several changes in the 1979 forms that were prompted by congression al action. Many of the alterations will save taxpayers money, the IRS claims. Other changes may mean higher tax payments. Whether you become a 1979 win ner or loser depends on your income level, your deductions, your benefits and other factors. “Generally, the average American will pay less taxes in 1979 than he did on the same income in 1978,” said one IRS spokesman, “because the tax tables have been broadened.” There are about two dozen changes in the 1979 tax laws that could influence the amount of money to be paid, including these: — Tax rate schedules have been widened, reducing taxes in several income brackets. Filing levels have been raised. — The “zero bracket amount” — or standard deduction — is in creased. — The deduction for personal ex emptions has been increased from $750 in 1978 to $1,000 this year. This increase also applies to the extra ex emptions for age and blindness. — The $35 general tax credit has expired, but will be more than made up by the higher exemption. — State or local gasoline taxes are no longer deductible. — Itemized deductions for politic al contributions have been abo lished, but the limit for a tax credit for such contributions has been dou bled. — Recipients of unemployment compensation may be required for the first time to include all or part of such benefits in gross income. — Credit for child care payments will be allowable when paid to rela tives, including a grandparent, un less the relative is a dependent. The IRS says broadening the tax rate schedules — the bottom lines on tax liability — will be beneficial. For example: A married couple filing a joint re turn showing a taxable income of $25,000 in 1978 would have a tax of $4,956 before any tax credits. On the same taxable income in 1979, the couple’s tax before any credits would be $4,633 — a $323 savings. The “zero bracket amount” — the level on which no tax is imposed — has been increased by either $100 or $200, depending on marital status. We Buy All Books! WE BUY BOOKS EVERY DAY! Bring your out-of-date books, with your new books & we’ll make you an offer on all your books (including paperbooks). And remember we give 20% more in trade for used books. LOUPOT’S BOOKSTORE Northgate - Across from the Post Office Cold Cash or 20% More In Trade! JUST FOR MOVERS RYDER’S READY TRUCK FLEET Graduating Seniors receive a 10% discount on any One-Way Move. AM other students receive $25.00 off any One-Way move. The right Ford or other fine truck, with the right equipment; auto shift, and loading ramps Hand trucks, furniture pads, tow bars , . , Move one to 7 rooms Nationwide road service Moving tips & insurance YOUR LOCAL RYDER TRUCK RENTAL DEALER. University Book Stores NORTHGATE L] 409 UNIVERSITY DR. CULPEPPER PLAZA NEXT TO 3C-BBQ 0 re MVTJER Open ’til 8 p.m. through Finals U Rent M #3 2301 S. Texas Avenue 693-1313 URentM#1 1904 Texas 779*0085 Ryder Truck Rental 623 West Carson 779-5582 Texas A&M Bookstore New Selection has just been put out! New titles daily— NOW 50% OFF FOR YOUR GIFT GIVING Also great for those building a library of their own SALE ENDS DEC. 21, 1979 SAVE 50% on Childrens books LOCATED IN THE MSC For instance, the zero bracket amount for married taxpayers filing a joint return will be $3,400 this year compared with $3,200 in 1978. The new zero bracket amounts also apply to the floor under itemized deductions — another beneficial change. Because of the widening of the tax schedules and the increased stan dard deduction, gross income levels at which individuals must file returns have been increased. For a married couple in; the new level is $5,400 e with $4,700 last year. Foi the new rate is $3,300 i $2,950. m , WE G/o taw «' United 1 washing Ion, with t Tials court, Jie visas c Bents and ling deadl jut the Imi ion Service lany Irani: I of their luit Court lof ColuiT yown is he court, hold on ay Friday a Siring furtli ^ |s’ visas. 1 agreed t rsday on > Benjamir iring Irai [immigral i Tuesda Green iority wit Federal government has energy problems of its own, agency says United Press International WASHINGTON — The federal government has made little progress in curbing its own energy use, although policy-makers have repe atedly called on private citizens and businesses to conserve, a congres sional watchdog agency says. “The federal government is not making a sufficient commitment to curbing its energy use,” concluded a General Accounting Office study Friday. “Its program to conserve energy is in disarray.” The federal government is the largest single energy user in America. The study found federal consump tion of gasoline has increased 18 per cent since 1974 while government use of coal, the country’s most abun dant energy resource, fell 27 per cent. The GAO study faulted the presi dent for setting “too modest” conser vation goals and said the Energy De partment has failed to provide leadership on the matter. “Although the Congress and the president have enacted and issued AGGIE RING DIAMOND •vilf’ 5 point, full cut 00 .just $ 35 The perfect Christmas gift! legislative and executive the DOE has not developed!! prehensive and aggressive energy conservation mam program,” the report said. GAO called on Congress (ti late greater emphasis on energy conservation, and President Carter to order aggressive savings by hisei agencies. The government, which percent of the nation’s eners save the equivalent of of oil a day for every 1 percent tion in its consumption, the said. Annual federal energy tion — the equivalent of 282i barrels of oil — costs $4 bill out 45 percent is used inb the rest for transportation. The report said a 1976presid order requires a 10-year enert servation plan on each federal: ing and calls on the Energy RJ inent to assist each agency in conservation goals. United ENVER to li ing of Ai embass lugnant” rnationa jversity o ed Vand; ational Profess td be l :es to imp tost Iran s shoul iafgo. e use rally rej ptable ; W diamond brokers international, inc. 693-1647 693-1658 In the George Green Bldg. 1 BLENDS OF GIH - GIVING ■■ 3609 Place E. 29th-8# Great Stock Stuffers Happy Holt from the Ifc- * an, Now Better Than Ever. You Will Be Pleased With These Carefully Prepared and Taste Tempting Foods Each Daily Special Only $1.99 Plus Tax. “Open Daily” Dining: 11 A.M. to 1:30 P.M. — 4:00 P.M. to 7:00P.M MONDAY EVENING SPECIAL Salisbury Steak with Mushroom Gravy Whipped Potatoes Your Choice of One Vegetable Roll or Corn Bread and Butter Coffee or Tea TUESDAY EVENING WEDNESDAY SPECIAL EVENING SPECIAL Mexican Fiesta Chicken Fried Steak Dinner Two Cheese and w/cream Gravy Onion Enchiladas Whipped Potatoes and w/chili Choice of one other Mexican Rice Vegetable Patio Style Pinto Beans Roll or Corn Bread and Buie' Tostadas Coffee or Tea Coffee or Tea One Corn Bread and Butter THURSDAY EVENING SPECIAL Italian Candle Light Spaghetti Dinner SERVED WITH SPICED MEAT BALLS AND SAUCE Parmesan Cheese - Tossed Green Salad Choice of Salad Dressing - Hot Garlic Bread Tea or Coffee FRIDAY EVENING SPECIAL BREADED FISH FILET w/TARTAR SAUCE Cole Slaw Hush Puppies Choice of one vegetable Roll or Corn Bread & Butter Tea or Coffee SATURDAY NOON and EVENING SPECIAL Yankee Pot Roast (Texas Style) Tossed Salad Mashed Potato w/ gravy Roll or Corn Bread & Butter Tea or Coffee ■■^“Quality First ’feHBMi SUNDAY SPECIAL NOON and EVENINt ROAST TURKEY DINNE* Served with Cranberry Sauce Cornbread Dressing Roll or Corn Bread - Butter Coffee or Tea Giblet Gravy And your choice of any One vegetable (