Hollywood Stars Invest in Real Estate for Tax Benefits
Rock Hudson paid 474000 for a 158 acre Peris California sugar beet farm, leased back to Bonnie and Clyde Smith, part of a trend among actors like Dean Martin and Bob Hope to channel earnings into real estate as a tax shelter. Industry advisers say such investments, with five year prepaid interest deductions, help reduce taxable income while building potential value. Beverly Hills broker Mike Silverman notes the need for favorable conditions and a seller holding period before principal payments begin, and that many actors wait for suitable land to appear on a waiting list.
MENTIONED IN THIS ARTICLE
Bob Thomas
Hollywood
Rock Hudson
Hudson
Perris
Riverside County
Bonnie and Clyde Smith
Dean Martin
Bob Hope
California
Beverly Hills
Mike Silverman
Howlong
Silverman
Douglas Lending Support To LBJ On Two Fronts
Former Sen. Paul H. Douglas now backs President Johnson on two fronts the cities and the Vietnam War. He leads the National Commission on Urban Problems and co-chairs a Vietnam citizens committee with leaders like Truman Eisenhower and Bradley. Douglas says the committee endorses a middle course and credits Johnson policies with progress in addressing urban decay.
MENTIONED IN THIS ARTICLE
Johnson
Douglas
White House
Vietinam
LBJ
Jack Miller
Associated Press
Washington
Paul H. Douglas
Senate
Lyndon B. Johnson
National Commission On
Congress
Vietnam Citizens Committee
Nine Corps
Hitler
Russia
Korea
Vietnam
Illinios
No Gratitude From Adolescent Children, Says Mrs Lawrence
Dear Mrs Lawrence notes a widowed mother supporting a 16 year old son who values his own comfort over gratitude. The author argues adolescents seldom express thanks, explaining self doubt and focus on personal needs. She suggests parents should prioritize their own finances and refrain from buying more goods until they can afford them.
MENTIONED IN THIS ARTICLE
Muriel Lawrence
Greek Custom Seen in Britannica’s First Edition
The first edition of the Britannica notes a Greek wedding custom where the bride is carried from her father’s house to her husband’s in a chariot on the eve of the marriage. Darkness is said to conceal her blushes during the procession.
Also Mentioned on This Page
Charles H. Percy
Harry S. Truman
Dwight D. Eisenhower
Omar Bradley
Butler's
Women's World
Naomichi Kamura
Wrangler
ASSUR
Butlers
Gladys Wilcox
Antoinette Nadeau
Ruth Cheney
Everybody Loves the Lovelaces
Formfit Rogers
Trousseau
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