Wednesday
October 13, 2004
'Colors
of Evening'
Front Page Photo by Carl Thompson
Alaska: Fishermen
gain income averaging provision in tax bill - The United
States Senate Tuesday followed the House and gave final passage
to a new corporate tax bill that includes a provision to add
fishermen to farmers as taxpayers who can average income over
a three-year period to help offset high income years. The tax
change, first proposed by the Alaska congressional delegation
in 2000, will help fishermen recover from bad income years, by
keeping a bit more of their income in good years, offsetting
potentially high tax burdens in isolated windfall years.
"Fishermen brave bad weather,
unpredictable stream conditions and cutthroat global pricing
conditions. They shouldn't be penalized further by the nation's
tax code. Income averaging is fair in that it will help offset
the highs and lows in fishing and help fishermen plan for their
financial futures," said U.S. Senator Lisa Murkowski, of
the income averaging provision (Section 314) that was kept in
the final bill, the House version of a Foreign Sales Corporation/Extraterritorial
Income (FSC/ETI) bill (now H.R. 4520). It now heads to the President
for signature.
Income averaging was allowed
for all prior to passage of the 1986 tax reform act because under
an income tax with progressive tax rates, the total tax assessment
on income that fluctuates from year to year will be greater than
the tax levied on an equal amount of income that is received
in equal annual installments. In 1986, when tax brackets were
cut to two from 11, averaging was eliminated. But with the changes
in the tax code that have gradually restored five brackets, it
became clear that individuals in occupations that face wildly
varying incomes, need to be able to income average to equalize
their tax burdens. In 1997, Congress again allowed farmers to
income average, making the change permanent for farmers in 1998.
- More...
Wednesday - October 13, 2004
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Northern lab cranked
out the quirky and controversial...
Arctic Aeromedical Lab Photo
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Alaska: Northern
lab cranked out the quirky and controversial by Ned Rozell
- "Rectal Temperature of the Working Sled Dog", "Cleaning
and Sterilization of Bunny Boots" and "Comparative
Sweat Rates of Eskimos and Caucasians Under Controlled Conditions."
These are some of the studies
completed by scientists who worked for the Arctic Aeromedical
Laboratory from the late 1940s to the 1960s. Developed during
the Cold War to "solve the severe environmental problems
of men living and working in the Arctic," the lab cranked
out dozens of quirky and sometimes controversial publications.
Based at Ladd Air Force Base
in Fairbanks, which later became Fort Wainwright, the Arctic
Aeromedical Laboratory was a group of about 60 military and civilian
researchers charged with finding the best way to wage warfare
in the cold. At the time, U.S. political and military leaders
feared a nuclear or conventional war with the Soviet Union and
thought that Alaska was a likely battleground.
Projects from the Air Force
lab in Fairbanks included cold-weather gear development (as in
Technical Report 59-4, "Walk-Around Sleeping Bag,");
studies of the body structure and function of bears, ground squirrels,
and other animals that hibernate; and comparisons of different
races of people to determine if Eskimos, for example, were better
adapted to the cold than non-Native soldiers. - More...
Wednesday - October 13, 2004
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Close-up of Arctic
Tundra
Credit: Ted Schuur
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Alaska: Researchers
Find Frozen North May Accelerate Climate Change - NASA-funded
researchers have found that despite their sub-zero temperatures,
a warming north may add more carbon to the atmosphere from soil,
accelerating climate warming further.
"The 3 to 7 degree Fahrenheit
rise in temperature predicted by global climate computer models
could cause the breakdown of the arctic tundra's vast store of
soil carbon," said Michelle Mack, an ecologist at the University
of Florida, Gainsville, Fla., and one of the lead researchers
on a study published in last week's issue of Nature. It would
release more of the greenhouse gas carbon dioxide into the air
than plants are capable of taking in. - More...
Wednesday - October 13, 2004
Columnist
Dick
Morris: 'Nuisance'
Nonsense - Sen. John Kerry has just explained, clearly and
lucidly, the difference between the Democratic and Republican
approaches on how to fight terrorism: He told the New York Times
Magazine that, as a "former law-enforcement person,"
he knew that we could not wipe out terrorism, but hoped we could
repress it until it became a "nuisance," not a mortal
threat. - More...
Wednesday - October 13, 2004
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The June Allen Column
is made possible in part by these sponsors. Cick on each name
to visit each web site.
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June Allen Column
A
Legendary Mountain of Jade; Just one of Alaska's Arctic Wonders
- Alaska is a state of superlatives. It is the nation's largest
state. We drive past or fly over America's highest mountain.
We can visit the nation's deepest cave on Prince of Wales Island,
admire the waters of our state's longest coastline and enjoy
the midnight sun's longest days. Most of us, however, will
never see our superlative example of the Alaska State Gem - jade.
That's because Jade Mountain, an entire mountain made of beautiful
dark green jade, is far from any Alaska road system. - More...
Tuesday - October 05, 2004
John
Koel, Baker to Banker; An eccentric philanthropist
Harold
Gillam: A Tragic Final Flight; Ketchikan remembers the search
Ketchikan's
'Fish House Tessie'; She was proud of the nickname
Fairbanks:
Golden Heart City; A story of its founding
Remembering
'Swede' Risland (1915-1991);The town's most memorable logger
Alaska's
Deepwater Highway; A part of Alaska history
Ketchikan's
American Legionnaires; Here's to 'the boys' of Post #3 -
Ketchikan's
Cruise Ship Industry; A light-hearted look at its origins
Ketchikan's
First City Players; Did you hear that applause?
A
biography of Alaska's herring: A little fish of huge importance...
Read more stories by June Allen...
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