Did tax cuts really lower your tax bill over three years
Public service article by McGladrey Henrickson explains that the 1981 Economic Recovery Tax Act lowered tax brackets but not for all earners. It follows Joe Taxpayer’s figures from 1980 to 1985, showing the real savings depend on income, inflation, and bracket creep. The piece notes indexing brackets to inflation could ease future tax burdens.
MENTIONED IN THIS ARTICLE
Congress
Joe
Internal Revenue Service
Uncle Sam
McGladrey Henrickson & Co
Michael D. Spallman
Cedar Rapids
Paine Webber and First Mid America announce merger
Paine Webber a New York brokerage and First Mid America of Iowa and Nebraska reach a merger agreement in principal. Paine Webber would acquire First Mid America for about 15 million in convertible debentures or 16 million in stock. The deal awaits definitive agreement and regulatory approvals.
MENTIONED IN THIS ARTICLE
Paine Webber
New York
First Mid America
Iowa
Nebraska
Cedar Rapids
Lincoln
Donald B. Marron
Paine Webber Inc
Robert D. Northrop
First Mid America Inc
Omaha
Marron
First Nebraska
First Ave. NE
Brenton Financial Center
Merrill Lynch
Pierce Fenner and Smith
Second St. NE
Paine Webber Jackson and Curtis
Rotan Mosse Financial Corp
Southwest
Market hits near record highs as rates ease
The Dow rose 5.39 to 1,244.11 and the index neared its June record. Volume on the New York Stock Exchange topped 94 million shares with gains led by Chase Manhattan, Citi and J P Morgan as traders anticipated looser credit. The S&P and NASDAQ composite showed mixed moves while the AMEX rose.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Lion
Federal Reserve
Fed
Treasury
NBS
Gerber Scientific
Honeywell
Computervision
Apple Computer
Exchange
Standard & Poor
S&p
Duluth Venture Plans Stock Buyout of Small Firms for Jobs
Two Duluth businessmen launch Duluth Growth Co to buy controlling interests in small U.S. firms and relocate them to Duluth. Investors pledging 3 million aim to raise 2.5 million to start. Peak backers include Minnesota Power First Bank Duluth and Norwest Bank Duluth with 125000 each and J.F.P. Associates Inc Paulucci family at 25000.
MENTIONED IN THIS ARTICLE
Omaha
Marron
Duluth, Minn
Duluth
Duluth Growth Co
Dennis Wo Dunne
Norwest Bank
Manley M. Goldfine
Manley Investment Co
Securities and Exchange Commission
Dunne
J.F.P. Associates Inc
Paulucci
Jeno's Pizza
Minnesota Power First Bank
Profit margins slip to 30 year low in 1982
Profit margins for 400 major U S industrials fell to 3.95 cents per dollar in 1982 from 4.86 in 1981, a 30 year low. They then rose to 4.29 cents in the second quarter and S P expects further improvement through 1983.
MENTIONED IN THIS ARTICLE
New York
U.S
Standard & Poor's Corp
S&p
Agri Industries faces bid to dismiss wheat case bias
Defense lawyers for Agri Industries of West Des Moines and six officers seek dismissal claiming prosecutorial conflict of interest and selective prosecution. They demand disclosure of all relationships between the U.S. attorney's office and defendants and inquiry into contacts with former AGPRI official Maurice Van Nostrand. A separate historical note mentions 1565 Spanish expedition at St. Augustine, Florida.
MENTIONED IN THIS ARTICLE
DES Moines
Agri Industries of
West Des Moines
U.S
Richard Turner
AGRI
Maurice van Nostrand
Norwest to Acquire Bankshares of Nebraska in Stock Swap
Norwest Corp of Minneapolis agreed to buy Bankshares of Nebraska Inc of Grand Island in a stock exchange. Bankshares owns First National Bank of Grand Island and two First Savings Co. units plus Bankshares Life Insurance. The deal requires regulatory and stockholder approval. assets total about 140 million for Bankshares, 19 billion for Norwest. All units will take the Norwest name. The purchase expands Norwest presence in Nebraska and statewide banking interests. Conrail cuts boxcar rents and offers refunds to boost rail competitiveness with trucks.
MENTIONED IN THIS ARTICLE
Norwest Corp
Minneapolis
Cedar Rapids
Nebraska
Bankshares of Nebraska Inc
Grand Island
First National Bank
First Savings Co
Kearney
Bankshares Life Insurance Co
Phoenix
Ari
Norwest
Bankshares
Chrysler keeps profits despite $1 billion UAW pact
Detroit AP report says Chrysler will stay profitable after a new labor deal with the United Auto Workers, narrowing the cost edge over Ford and GM. Analysts call it expensive labor peace aimed at a smooth product launch and balance sheet gains, with parity unlikely to last.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
United Auto Workers Union
David Healy
Drexel Burnham Lambert Inc
New York
Chrysler
U.S
UAW
General Motors Corp
Ford Motor Co
Healy
Ford
General Motors
Arvid Jouppi
Jouppi
Also Mentioned on This Page
Chase Manhattan
Citicorp
J.P. Morgan
Bankamerica
NBC Bancorp
First Interstate Bancorp
First Wisconsin
Usf&g
Goldfine
Duluth Air Force Base
Turner
St. Augustine, Fla
North America
Nebraska Bank Holding Firm
Hastings
Norfolk
Norwest Bank of
Marion
Norwest Mortgage
Norwest Information Services
Norwest Financial Services
Conrail
Philadelphia
Western Railroads
Nto Graphics
US Dept of Commerce
of Economic Analysis
Heinbach
Iowa City
Anamosa
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