The Surtax and Its Effect on You in 1968
Analysis shows a 7 percent surtax on the tax you owe for 1968, retroactive to April 1. For a couple with $8,000 income after deductions the increase is about $103.50 for the year, roughly $2 a week. at $16,000 it rises to $244.50 annually, about $4.70 weekly. at $44,000 the tax hike can reach $1,054.50, over $20 a week. The surtax aims to curb inflation, signal fiscal responsibility to foreign creditors, and temper interest rates, with exemptions for many married filers under $3,000. The overall effect is a modest burden for most, but higher earners face larger increases.
MENTIONED IN THIS ARTICLE
New York
U.S
House Senate Conference Committee
The
Research Institute of America
Widow seeks stock picks to recoup losses in not too distant future
Investor Sam Shulsky responds to a widow worried about recent stock losses. He criticizes her market approach, argues for prudent strategies, and suggests blue chip income or growth stocks rather than risky picks. He notes he cannot answer all queries but offers investment lists on request through The Gazette.
MENTIONED IN THIS ARTICLE
Sam Shulsky
Mr. Shutsky
Theazette
U S Assures India on Electronics Base
New Delhi reports Foreign Minister Bhagat told parliament the U S base near Peshawar in Pakistan has never been and never will be used for espionage against India. The question came from Congress and opposition members regarding the base’s purpose.
MENTIONED IN THIS ARTICLE
New Delhi
India
United States
U.S
Peshawar
Pakisttan
B. R. Bhagat
Congress Party
Mortgage Rates Rise Reshape Home Finances for Decades
New York AP reports rising mortgage rates will affect family budgets for 10 to 30 years. Government backed loans top 6 percent, with potential climbs to 8 or 10 percent. future charges depend on rate trends and contract prepayment penalties.
MENTIONED IN THIS ARTICLE
New York
Johnson
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