Proposed Tax Changes Would Help the Elderly
The 1976 tax bill would cut taxes for seniors with modest incomes and offer an enhanced break for those over 65 selling homes. It would replace a complex elderly credit with a simpler maximum credit of 375 for singles and 563 for couples, improve home sale tax treatment, and tighten capital gains rules while allowing larger net losses to offset ordinary income.
MENTIONED IN THIS ARTICLE
Jim Luther
Associated Press
Washington
Tax Bill Details for Elderly Credit and Capital Gains
Congress poised to act on the tax bill this week with final action planned later this month. The measure outlines changes affecting the elderly credit and the tax treatment of capital gains.
MENTIONED IN THIS ARTICLE
Congress
Panels Blame Aerosol Cans for Ozone Damage Delay Urged
NAS panels say fluorocarbons from aerosol cans threaten the ozone shield with possible climate shifts. They call for a one to two year delay on bans or stricter rules while additional studies finish. The reports urge immediate regulatory setup even as they assess the uncertain extent of ozone loss.
MENTIONED IN THIS ARTICLE
Washington
National Academy of Sciences
Academy
Philip Handler
NAS
White House
Earth
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Dale K Baxter
and Susan Baxter
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O.S.G. Mitchell
George Zeirns
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Nancy Blake
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the Plains
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Connett Road
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Board of County Commission
Phyllis .Urubbio
Bureau of Motor Vehicles
P.O. Box
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Chas. W. Warden III
Watkins St
Nelsonville
Ohi
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Dean O. Kasler E.R. EU
Goldier Goldsberry
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