Open your hearts
The Cambria Education Foundation would like to thank the Cambria Community Council for everything they do. The council raises money and responds to requests from Cambria nonprofit organizations. Our foundation has benefited from their generosity and as a result, we have been able to support the wonderful teachers throughout our district by funding special classroom projects and professional development.
So when you get that “Open Heart” letter in the mail from the Community Council, please consider a donation. Your gift will help the nonprofits in this great community and make a big difference in the lives of our Cambria students and teachers.
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A monstrous thank you
The Piedras Blancas Light Station Association (PBLSA) thanks everyone who attended the second annual Monster Bash on Oct. 20. This “fun”-raiser would not have been possible without the participation and support from our local community.
We are very grateful to all who gave donations and who supported this event by participating in the raffles, the auction of the large theater-size poster of the 1959 movie “The Monster of Piedras Blancas,” purchasing copies of the “Redemption of the Monster of Piedras Blancas” DVD, or by purchasing beverages and snacks.
Like last year, the popcorn was a hit! Prizes were awarded to various costume winners and the mix of costumes added a touch of Halloween creativity, fun and color to the Monster Bash.
This event would not have been possible without all the volunteers who contributed their time and energetic team work! All the proceeds from the Monster Bash benefit the Piedras Blancas Light Station. Thank you to everyone who attended. We look forward to seeing you again next year.
Piedras Blancas Light Station Association
Tax law to change
Unless the U.S. Senate and president can agree with the House of Representatives to change the law, on Jan. 1, 2013, the federal estate tax threshold of $1 million of net worth will apply to the estates of all persons dying on or after that date, whether single or married.
The net worth of an estate is its gross fair market value, minus all debts, the present value of charitable disruptions payable on death, and property transferred to the person’s married spouse (not domestic partner or “common law” partner).
If a married couple’s net worth exceeds $1 million, even though all of the estate is left to the surviving married spouse and no tax is payable, an estate tax return Form 706 must be reported within nine months of the date.
Whenever the estate tax must be paid, the tax will be 55 percent of the estate’s net worth that exceeds $1 million of value and the tax is payable within nine months after the death. That portion of the calculated tax to be paid that is deductible for payments made to a state government for its inheritance tax is payable to the state of California. It is possible that this tax or its reporting requirements will affect at least 10 percent of our local population.
Since the estate tax was enacted in 1916, it has only affected less than 2 percent of the nation’s population until 1953, when it began to apply from almost 2 percent to up to almost 8 percent beginning in 1976. Since 1982, it has affected less than 2 percent of the nation’s population with the exception of 2010, when there was no estate tax. Millionaires have avoided this tax by establishing foundations.
The purpose of the tax in 1916 was to redistribute wealth.
Mission goes forward
It has been a little over a week now since our big premiere of our new movie, “The Second Mission,” and we are still trying to get down from the high that we reached that night. It was so exciting to share our movie, which we spent two years working on. We are so happy!
We want to take this opportunity to thank those who made this movie the best it could be, the people who helped make the screening possible, and, last but not least, everyone who came to the screening and supported us.
We would especially like to say “thank you” to: Nancy Green and the Cambria Center for the Arts, Bert Etling, Marion Fitzgerald, Phil Hauser, Jeff Mar and Joe Dominguez. These very generous people from our community went above and beyond to help us accomplish this project. We couldn’t have asked for more from all of the wonderful people we worked with.
And so, like with any other story, a new chapter begins as we begin submitting the film to film festivals throughout the country and getting audiences everywhere to see our vision. (You can help us; just “like” us at www.face book.com/SuperImage Ltd.)
The mission continues!
Kyle and Carlos Plummer, the Plummer Brothers